Explain to a brainlet

[Anonymous No.13845605]

How is ChainLink dumping when buys are massively outweighing sells on the 1 minute candles? Its been like this since $1.47. There are like 10x as many green minutes and almost all of them have higher volume than the red. What is happening?

[Anonymous No.13845634]

DELET THIS

[Anonymous No.13845636]

Binance suppression/accumulation bots. There is a reason for the great exodus threads

[Anonymous No.13845642]

goyim know
shut it down

[Anonymous No.13845672]

>>13845605
One person selling an order for 50,000 Links fills a lot of pajeet buy orders of 100 Link.

[Anonymous No.13845677]

>>13845636
Thats what I thought, but WhaleKiller said bot activity has nearly ceased. Say what you will about him, but I was in his first thread. I witnessed his legend first hand, and I believe him when he says the bots have stopped. I dont know how anyone could explain the chart without bots though.

[Anonymous No.13845687]

so OP, what your telling me is to buy the dip? will do thanx

[Anonymous No.13845690]

>>13845672
But the red minutes are also lower volume than the green. It doesnt make sense in the context you gave.

[Anonymous No.13845691]

>>13845677
do you have a link to the archived thread? i keep seeing mentions of that guy

[Anonymous No.13845695]

>>13845605
You have to look at the volume of buy vs sell

[Anonymous No.13845696]

>>13845636
Moving your Link off of Binance will accomplish nothing. Binance doesn’t use your shitty stack of 20k Link to make trades. They make Link off of every transaction and hold more Link than anyone besides Sergey. Binance isn’t a fractional reserve bank.

[Anonymous No.13845699]

>>13845677
>bots make the most sense
>but this anon says things that make my tummy tickle so it can't be bots

[WhaleKiller !!GkZaQSwrrji No.13845700]

>>13845677
Swing bots have stopped trading because it's actually people organically leaving the market. It's average holders and a few dolphins who are taking profit pushing the market down right now, not suppression unfortunately.

[Anonymous No.13845709]

>>13845687
Im not giving any sort of investment advice. Unlike most LINK threads I have no incentive behind my post other than to have someone educate me. It has been doing this the ENTIRE time that it has been dumping. All I am saying is I don’t understand how this is possible.

[Anonymous No.13845716]

>>13845691
Just search his tripcode on warsou.

[Anonymous No.13845725]

>>13845690
Do you know what the color of candles means?

[Anonymous No.13845734]

>>13845605
>1 min
lol

[Anonymous No.13845735]

>>13845700
Doesnt the heightof the bars denote the volume of each minute though? How are we dumping with green minutes 10x as frequent with 2x the volume as every red minute. I am not a clever man, but this doesnt seem like it should be possible.

[Anonymous No.13845736]

>>13845700
Why is it unfortunate for people to take profits? Wtf is the point of buying if you’re not going to make money off of it?

[Anonymous No.13845745]

>>13845725
Does the color match the maker or the taker?

[Anonymous No.13845748]

>>13845734
I dont trade based on 1 minute candles, but I don’t understand how the average of so much green equates to red on longer timescales.

[Anonymous No.13845751]

>>13845736
People are jumping off of what they think is a sinking ship, not knowing that EOY it arrives in Hawaii.

[Anonymous No.13845752]

>>13845605
binance bots control the price

[Anonymous No.13845766]

This is clearly an artificial dump. Whalekiller have them some trouble and we broke over a dollar, they’ve pushed us it back down, whoever “they” is. Binance, CIA spooks, Illuminaughty, whoever its clearly unnatural. You can just watch it and know.

Dumps don’t happen in neat percentages and then crab for 12-24 hours and then go again, clear manipulation.

[WhaleKiller !!GkZaQSwrrji No.13845767]

>>13845736
>Why is it unfortunate for people to take profits? Wtf is the point of buying if you’re not going to make money off of it?
Nothing wrong with people taking profits. The exit's appear to be people selling all or most of their stack, which you only do when you no longer believe the chart will go up and thus bearish

we thus have have a bunch of bearish people taking most of their money out of link....and this is a lot more than the bulls who are tired of pumping money in, or just need a break or have already put all their capital in....this leads to a bearish market

[Anonymous No.13845768]

>>13845696
>Binance isn’t a fractional reserve bank.
Yes it is. The only exchanges who don't do this are ones in first world countries with fiat pairings like Kraken. You are right about moving Link off the exchange being a waste of time though.

[Anonymous No.13845771]

>How is ChainLink dumping when buys are massively outweighing sells on the 1 minute candles?

what are you on

[Anonymous No.13845775]

>>13845709
thanks OP just bought 100k

[WhaleKiller !!GkZaQSwrrji No.13845781]

>>13845766
They very well might be, but not in patterns/ways they have done before. Since I've been monitoring LINK heavily the past 2 months, the past few days have been the most organic I've seen.

[Anonymous No.13845800]

>>13845751
People are jumping off a cryptocurrency that artificially pumped based on an announcement that is clearly going back to the price before this artificial pump. And no one knows where this is going EOY. It is honestly more likely to be below $1 EOY than above. There’s no reason it should stay above $1 unless Mainnet starts gaining a lot of adoption out the gate and over the next six months.

This seems unlikely to me, but whatever.

[Anonymous No.13845808]

>>13845771
>15m
1 minute market aggregate USD is almost all green on the volume indicators.

[Anonymous No.13845825]

>>13845605
Typical dumb link holder

[Anonymous No.13845829]

What bars, are talking about the volume indicator, or the candle sticks? Youre not making sense, also dont trade on the 1 min candles you fuckwad.

[WhaleKiller GkZaQSwrrji No.13845831]

>>13845808
they dont

retard

[Anonymous No.13845845]

>>13845829
Meant for>>13845735

[Anonymous No.13845852]

>>13845781

so link will keep on dumping now?

[Anonymous No.13845857]

anyone else not take any profits this time too same as 2018 :( is there literally any way to make money in this market I thought link was supposed to go way higher than $1.40 ...

[Anonymous No.13845858]

Still happening. Some very basic babbys first TA says that green volume indicators outweighing red ones is bullish, but it keeps dumping.

[Anonymous No.13845859]

>>13845771
I looked too and couldn’t figure out what he’s talking about. It is clearly dumping because no one wants to be the last one holding.

People have to realize that anyone who doesn’t come to biz buys into a pump like this and when they research the project, there isn’t THAT MUCH to get excited about. Everyone here is convinced ChainLink is a trillion dollar network, but if you do legitimate research on it (I.e. not looking at breadcrumbs and biz larps), it’s just another shitcoin project working with a bunch of other shitcoin projects to make different versions of cryptokitties.

Pic related

[WhaleKiller !!GkZaQSwrrji No.13845861]

The number one reason the price is below 1.15 right now is because of the "Advisers" retarded tweet, and Admins specifically saying two weeks ago that a blog would be out this most recent week with more information on various topics. Further compounding this clusterfuck is the CL team not giving a fuck about the impact of the blog and acting fliippantly...

Or the distilled root cause of the dip:
The ChainLink advisers massively fudded their own project while the ChainLink team showed they couldn't meet a simple and important deadline and then dismissed both of these huge things as no big deal and ignored them.....and they did all of this shit during the most important week of the project.

[Anonymous No.13845868]

>>13845829
The volume indicators. As I said I dont trade one minute candles. I dont get how this is mathematically possible.

[WhaleKiller !!GkZaQSwrrji No.13845869]

>>13845858
go look at some volume x price indicators fren

[Anonymous No.13845872]

[Anonymous No.13845875]

>>13845852
yes
unless blog post is insane or mainnet is more than an inaudible fart this is going to 60c minimum

[Anonymous No.13845876]

>>13845700

what are dolphins?

[Anonymous No.13845878]

>>13845857
You were literally just given 200% profit in a month with biz. Why didn’t you take it?

[Anonymous No.13845881]

>>13845831
Nice fake trip and inability to comprehend English grammar.

[Anonymous No.13845887]

>>13845869
What would you recommend? VWAP?

[Anonymous No.13845891]

>>13845859

WTF, that shit wins 5000$? Just sold my 100k link.

[Anonymous No.13845895]

>>13845605
>on the 1 minute candles?

[WhaleKiller !!GkZaQSwrrji No.13845898]

>>13845876
It's a personal term I use for people who have enough money to manipulate the market for a single hour candle but not enough to do it a lot, all the time for for hours on end...opposed to a whale who can do with it what they will

[Anonymous No.13845913]

LINK/USD 4h printing bullish tweezers

[Anonymous No.13845917]

>>13845898

why would dolphins want to bring down to price of chainlink?

[Anonymous No.13845922]

>>13845891
Says more about the NY dev community than anything. The other Hackathons all had good results

[Anonymous No.13845937]

>>13845861
It almost seems intentional. I dont care how dumb that advisor is, there is no way he didnt know he was fucking up by tweeting that. But why would someone intentionally FUD their own project?

[Anonymous No.13845970]

Holy fuck that massive green candle.

[Anonymous No.13845991]

>>13845970
Shortly proceeded by a red candle to 12,500.

[Anonymous No.13846087]

>>13845937
its a more likely scenario that the "adviser" had done some poorly executed swing trading on LINK and lost a good deal of his position, needing the price to come down, he fudded the project allowing himself to buy back lower and recoup his losses.

/thread

>almost everything that happens in crypto in terms of social media posts has been and will continue to be market manipulation

[Anonymous No.13846088]

>>13845922
All the hackathon winners made useless applications...

It's like no one can think of real world use cases for smart contracts so they have to use them to solve problems that don't actually exist.

"It's so inconvenient to pay monthly for my cloud subscription! Wouldn't it be cool if I could pay for it by the minute?? Wow, I bet I could even write a code that lets me pay by the second? Why should I pay $4 per month when I can probably get away with paying $3.22 per month and $0.25 for a smart contract monthly??"

[Anonymous No.13846115]

>>13845677
he ran out of money to burn against the bot cartels.

feels good to be a pawn in a game of greedy billionaires vying to be trillionaires.

[WhaleKiller !!GkZaQSwrrji No.13846122]

if we can be back to 1.15 by 5pm est, swing bots that will likely keep it at a somewhat horizontal and stable market will likely go back online

[Anonymous No.13846133]

>>13846122
not happening, no fuel to drive it up like that

[Anonymous No.13846178]

>>13846133
You sure about that?

[WhaleKiller !!GkZaQSwrrji No.13846184]

>>13846133
Unfortunately I believe you are correct

[Anonymous No.13846187]

>>13845917
Increase their stack...duh

[Anonymous No.13846206]

>>13845859
i keep trying to tell people this and no one believes me lmao, i made the "cold hard truth about chainlink" thread thats in the catalog right now. we biz holders know what chainlink really is because of larpers telling us, 99% of all other people have NO FUCKING IDEA WHAT LINK IS AND WHATS ITS CAPABLE OF AND SERGEY HAS DONE A SHIT JOB MARKETING IT. this isnt fud god damn it guys THIS IS THE TRUTH, not a single fucking person can wrap their head around link if they havent spend a year learning about it.

[Anonymous No.13846229]

>>13846206

Singularity in 4 days fren, don’t discourage. By the time they want to know what it is, it will be too late.

[Anonymous No.13846231]

one positive blog from sergey and we are up proceed with caution swingies

[Anonymous No.13846239]

>>13846187

Dam dolphins!

Anyway, to much fud around link right now.
Never sell during a fud spree. always sell during a shill/we all made it spree.

[Anonymous No.13846279]

>>13846206
You only think you "know about it" because of larps. The larps have painted an entirely unrealistic, fantastic perspective on ChainLink here. Look at the reality of the situation.

[Anonymous No.13846299]

Swing linkies are just selling off so they can afford the rope

[WhaleKiller !!GkZaQSwrrji No.13846323]

>>13846299

thx for making me kek outloud fren

[Anonymous No.13846402]

>>13845859
>when they research not much turns up.
Uh, ok senpai.

Beyond researching smart contracts in general there’s this:
Fun Facts about Chainlink:

* Sergey Nazarov, creator of Chainlink, is the CEO of SmartConract(.)com

* Sergey’s Twitter
https://mobile.twitter.com/SergeyNazarov
Smart Contract Website
https://www.smartcontract.com/

* Tom Gonser, the founder of DocuSign, signed onto the board of the Chainlink team towards the end of 2018 to help foster the integration of Chainlink smart contracts.

* SmartContract(.)com owns Town Crier Systems Inc.
https://www.town-crier.org/

Town Crier owns rights to US patent US20170352027A1, titled “Authenticated data feed for blockchains”: It’s an Oracle solution.
https://patents.google.com/patent/US20170352027A1/en?q=town&q=crier&oq=town+crier

* Square Point Or Sale Inc owns rights to a patent that cites the Town Crier patent: US10055715B1, titled “Cryptocurrency payment network”...
https://patents.google.com/patent/US10055715B1/

Square Wins Patent for Crypto Payment Network, This Could Pave the Way for Merchant Adoption
https://blockmanity.com/news/square-wins-patent-crypto-payment-network-pave-way-merchant-adoption/

* Chainlink is the core design language for Smart Contracts on the Zeppelin OS

* Chainlink bought out Celer Network
https://www.celer.network/

SWIFT Completes Blockchain Smart Contracts Trial
https://www.coindesk.com/swift-completes-blockchain-smart-contracts-trial

New Company offering a Chainlink staking platform as a service that does not require the user to own any stake in SDL
https://medium.com/secure-data-links/secure-data-links-5f8d852c9624

Then when it comes to smart contracts in general:
Digital Assets CEO Blythe Masters Explains Blockchain
https://youtu.be/ycMCGBuDJLQ

How Smart Contracts Will Change the World | Olga Mack | TEDxSanFrancisco
https://youtu.be/pA6CGuXEKtQ

Blockchain: The Financial Challenge of our Time (Blythe Masters) FULL SESSION
https://youtu.be/O1Yo8bt8JAU

[Anonymous No.13846405]

>>13846279

chainlink will enable the existence of complex smartcontracts. I am also not sure what that eventually will entail. I mean, a lot of creative programmers will probably come up with cool contracts that will make use of chainlink.
I don't think we are being unrealistic here. If smartcontracts have a future and can replace and/or enhance existing systems they will become a big deal and link's value will eventually be between 100 and a 1000 dollars.

[Anonymous No.13846545]

>>13846402
Show all of this information to anyone in the world (including those who work in finance or tech or software development) and see what kind of reaction you get. Hint: only people in software development will have a mild interest along the lines of "hey bud, that's kinda interesting...shoot me an email, maybe I'll look it over this weekend if I have a free minute"

[Anonymous No.13846610]

Can any good anon do a simple addition, add up all the buys and the sells and see who win between the buyers and the sellers?
So we can verify this >>13845672

[Anonymous No.13846802]

>>13846610
That is what the volume indicators do. They are saying there are waaay more buys than sells. Its the entire reason I made this thread.

[Anonymous No.13846974]

>>13846299
CHECKED AND affordable cope-ropepilled

[Anonymous No.13847049]

>>13846545
I held through 2017 FUD. I held through the carefully constructed FUD of 2018, which had serious degrees of argumentation to it. I held through the ridiculous copypasta FUD. I'm now holding through the weak newfag FUD of 2019.

WHAT THE FUCK MAKES YOU THINK I'M STILL NOT GONNA HOLD? AFTER WE'VE COME ALL THIS WAY. MOST PROJECTS WOULD BE DEAD AFTER THIS AMOUNT OF FUD.
kys newfag, you don't understand ANYTHING about link or crypto.

[Anonymous No.13847057]

>>13846279
the pictures they paint for me is im the richest ive ever been because of chainlink (15c-35c buy in) thanks for your useless post

[Anonymous No.13847067]

>>13845605
you are so fucking stupid holy shit

[Anonymous No.13847081]

>>13846405
this wont happen if sergey keeps it a secret from everyone. he thinks announcing parters will be bad for chainlink because he saw what happened with ETH. This technique isnt so good to letting people know about link so they can start building those smart contracts.

[Anonymous No.13847087]

>>13846802
>That is what the volume indicators do.
no it isn't you brainlet
my god you people are retarded

[Anonymous No.13847106]

>>13847081
You idiot, he's only done that till now because the LACK of a product. He didn't want unwarranted hype. With mainnet, everything will change. Perhaps not immediately, but the partnerships will flow in and maybe some NDA's we don't know about will be disclosed.

[Anonymous No.13847175]

>>13845700
How many linkies would you say is dolphin status?

[Anonymous No.13847192]

>>13847067
>>13847087
Hence the subject of the thread
“Explain to a brainlet”. Why am I wrong? If you just came in here to call me stupid its the equivalent of going to the special olympics and calling everyone a retard. Whos the retard when you are the only one shouting something that everyone else already knows like its some sort of secret? If you want to tell me WHY I am wrong I am all ears.

[Anonymous No.13847238]

>>13845859
I made it my life's mission to steal good FUD like this and repost it on Reddit. I LARP as a successful crypto OG investor around there.

[Anonymous No.13847239]

>>13846088
Well most of the real world cases are very advanced and involve institutions

[Anonymous No.13847286]

>>13847192
>>13845672 answered your question. candle colour is the candle close colour. how can you pretend to analyse charts when you don't know something as elementary as that? how can you involve yourself in a market and say absolutely retarded nonsensical shit like "there are more buyers yet price is somehow falling".
demand exceeds supply and price falls? are linkies seriously this fucking stupid?
when you are ignorant of elementary shit you deserve to be called a brainlet over and over again because that is what you are
quit drooling all over yourself you braindead mouthbreather and look up what the chart that you are looking at is actually telling you
don't humiliate yourself by making a thread with retarded questions ever again

[Anonymous No.13847346]

>>13847286
Im not looking at candles. The OP was unclear. I am looking at volume indicators under the 1 minute candles.

[Anonymous No.13847380]

>>13847286
Also, I have not “involved myself” in the market... yet. Im learning. I have zero dolars in crypto.

[Anonymous No.13847397]

>>13845605
>trusting order books

[Anonymous No.13847411]

>>13847346
I meant to say volume bar colour is the candle close colour

[Anonymous No.13847431]

>>13847106
I agree that the silence has to stop at some point but it doesnt mean hes going to stop announcing them in the most low key way possible. You expecting this blogpost to have a major partnership? i hope man, my lifes on it

[Anonymous No.13847561]

>>13847411
Ok, so... it consistently closes higher than it opened(like 9/10 times). It does this at consistently higher volume than the times it closes lower, like nearly double the volume of the following red minute. Yet the price goes down. In my mind, this means that there is some kind of manipulation going on, or the sells are just “coincidentally” perfectly timed to make it appear this way(which still seems like manipulation). Every other chart I have looked at does the exact opposite. Why is LINK the exception?

[Anonymous No.13847728]

>>13847561
To further illustrate my point, even if you just look at the LINK charts on a longer timescale, they dont behave this way. Every red volume indicators corresponds with a dip in price, every green on corresponds with a price increase. The magnitude of the change is reflected by the size of the indicator(more or less)
>pic related

[Anonymous No.13847780]

>>13845745
It doesn't match the maker or the taker you dim sum, candles are generated and colored based on the opening and closing last trade prices and high/low of a time interval

[Anonymous No.13847791]

>>13847728
The same is true on short time scales for other coins of similar volume. This is BAT. There was one large green candle that threw off the scale of my chart, but you can still see the relationship between green volume indicators and price increases.

[Anonymous No.13847794]

>>13847728
DOWN DOWN DOWN
INTO A BURNING RING OF FIRE
AND IT BURNS BURNS BURNS
THE RING OF FIRE
THE RING OF FIRE

[Anonymous No.13847807]

>>13847791
Forgot pic

[Anonymous No.13847856]

>>13847561
>it consistently closes higher than it opened(like 9/10 times)
no it doesn't
>It does this at consistently higher volume than the times it closes lower
you can't tell that from candles and volume bar alone
>Yet the price goes down
meaning that sell volume > buy volume, necessarily
>In my mind, this means that there is some kind of manipulation going on
what goes on in your mind is irrelevant because you do not understand what the chart is telling you
>Every other chart I have looked at does the exact opposite. Why is LINK the exception?
this is false, I have no idea what you are seeing

>>13847728
>Every red volume indicators corresponds with a dip in price, every green on corresponds with a price increase
yes, this is what gives candles and volume bars their colour
>The magnitude of the change is reflected by the size of the indicator(more or less)
no it isn't. get this idea out of your thick skull. higher volume does not necessarily indicate a larger change in price.

[Anonymous No.13847897]

>>13847856
>yes, this is what gives candles and volume bars their colour
Ok, then why does LINK look like this when the price is decreasing?

[Anonymous No.13847958]

>>13847897
show the candles you retard

[Anonymous No.13847982]

>>13847238
You are doing Kek's work anon. Keep at it.

[Anonymous No.13848147]

>>13846122
How do you think price will move now that Bitcoin is pumping again?

[Anonymous No.13848162]

>>13848147
it's going to sit still lmao