Wednesday 7 October 2020

Chainlink continues to gain on Bitcoin

Despite the emotions that come with short-term LINK bubbles against Bitcoin, the macro-level trends show that Chainlink continues to gain on Bitcoin. If we take "non-bubble" LINK/BTC data, we can actually identify a fairly well-defined exponential fit. We use this LINK/BTC exponential fit, as well as the risk levels of LINK against BTC to identify the re-accumulation zone and when LINK is nearing its local top against Bitcoin. TA Video by Benjamin Cowen.