/biz/ - Business & Finance

The current number of tokens sitting between multiple cryptocurrency exchanges indicates that downwards price pressure is brewing. If these market participants are preparing to dump their tokens on unware investors, the event could be followed by further selling,accordingtoGarry Kabankin, the Project Coordinator at Santiment.

Under such circumstances, Chainlink could be bound for a downswing before it continues reaching higher highs.

“Essentially, people moving LINK are trying to offload their bags and take profits. If LINK’s bulls are unable to absorb this rising sell pressure and sell walls, then usually it can affect the price quite negatively,” said Kabankin.

Critical Support Levels Ahead of LINK

If this were to happen, IntoTheBlock’s “In/Out of the Money Around Price” (IOMAP) reveals that the $4.80 support level may have the ability to prevent a steep decline. Around this price level, roughly 775 addresses had previously purchased over 2.7 million LINK.
Holders within this price range will likely try to remain profitable. They may even buy more Chainlink to avoid seeing their investments go into the red.
It is worth noting that the selling pressure behind the oracles token might be significant enough to break the $4.80 support level. Moving past this hurdle could see Chainlinkplungeto the next substantial supply wall that sits at $4.70. Here, the IOMAP cohorts show that 1,860 addresses had previously bought more than 2.7 million LINK.

conclusion - we're going down.

Nooooooo ser gay betray!

DRNS

FUCK NIGGERS
FUCK KIKES
FUCK JANNIES

>>20161087
Yes goy sell your Linkies now

Ali....
Ali..

Pffft hahahahahaha

Yeah whales are preparing to dump by removing all their LINK from Binance. Makes sense to me.

>>20161181
I'm not fudding this pump pushed me over the 1mm mark, but it always dumps, and I can't see how this time will be any different. also link is going into exchanges, not being taken out - pic related

>>20161215
That's people buying in retard

That's how a pump and dump shitcoin works

>>20161215
Tokens are moving off binance into top holder wallets, literally the opposites of what this article says. And using TA on an asset that has had a continual rally since the post 2017 crash is retarded when the only thing causing large drops is bitcoin movement.

Link might pullback from here but nothing to do with the absolute shitpost of an article you listed

LINK is a shitty ERC20 token and can never become anything because of nChain patents. Yet, it's valued at $2B :D

>>20161349
these articles are paid for by binance
they try to manipulate sentiment with news like the real news does with real markets

>>20161401
Nobody cares about your faggot patent frauds Craig, gas yourself

>>20161087
Never sell when ATH has been broken.
There is no resistance, it is free-range price discovery.
the 3.5-5$ range has been broken, what will the next range be? back to the previous range, or a new higher range.

>>20161349
>ttps://cryptobriefing.com/chainlink-hits-new-all-time-highs-whales-get-ready-to-dump/?amp
What's happening is large amounts of link are being taken out of the CZ's personal wallet because so much link is being taken from his exchange. If binance doesn't increase the supply on their exchange they might end up failing after tomorrow's announcement...

It's natural that really "hot" and sharp increases usually always follows a cooling off period, or at worst a bubble pop.

Looking forward to buy during this temporary dip.

>>20161525
lmao. imagine missing out like this retard

>>20161087
Jesus dude, you had 3 years to get a couple thousand linkies and be comfy. $5 was hard resistance, it now serves as hard support, massive buy pressure is in LINK now.

So many retards were hoping to get back in at $2 and now its gone. $5 is the new bottom if you're lucky. You gambled and fucked up.

>>20161604
>You gambled and fucked up.

ruined his entire life, more like

>>20161087
It’s over...

>>20161087
I’m ruined...

>>20161087
/biz/ BTFO!

>>20161513
I want to believe

>>20161604
>>20161623
wtf are you retards talking about, you think I'm going to sell? you must be out of your minds.

>>20161401
How's it feel bud

holy shit i didnt realise this was a fud thread. Good job, i will never ever sell my link.

I sold at $4.20 to put a deposit on a house. Average buy in was a tenth of that, but it still hurts a little to see this pump and wonder what could have been.
Go on without me frens, godspeed.

>>20161087
> significant amount came from addresses with between 100 to 1000 link
> whales

Kek these were just the new faggots from twitter that follow chainlinkjunkie who told them link was crashing to under $3 on july 4th and they all just got rekt

>>20161946
so how much did you make?

>>20161726
How much are you in? I have 13 coins lol

>>20162026
all in link

>>20162086
>all in link
okay but how much do you have in there

>>20161105
>Critical Support Levels Ahead of LINK
we enter price discovery you absolute faggot

>>20161087
>Santiment’s holder distribution chart shows that a significant sum of the LINK sent to exchanges came from addresses holding 100 to 1,000 LINK. The number of holders within this group plummeted by 10%,

Its literally happening again. Tiny dick stacks swing to try accumulate and it doesnt go down and just keeps pumping. A repeat of last summer where they all sold from 1-2$

>>20162125
over $1mm worth at current prices

>>20162194
>>20162242
I didn't write it, it's some web article. but desu after seeing this animation
https://app.flipsidecrypto.com/cooperative/chainlink

I'm thinking it's bs & might moon more lot dump, theres very little link on exchanges , but who knows

>>20161726
Dude, if you were planning on just holding, you wouldn't bother to FUD like this. People make these long winded posts when they are desperate af.

>>20162297
I was just interested in what's going on right now, you're right though it's basically come across as fud, I blame the article

>>20161087
When are these people EVER right? I'd say this is a buy signal