Chainlink

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 <p>A popular crypto trader says the decentralized oracle network Chainlink (LINK) is flashing a short-term bullish signal.</p>
 <p>Ali Martinez tells his 59,300 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator recently presented a buy signal for LINK on the daily chart, which he says suggests “a potential one to four-day upswing.”</p>
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 <p>Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their 13 previous bars or candles.</p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GLcGMYFWIAA3e0Q?format=jpg&amp;name=4096x4096" alt="Image" width="2838" height="1443">
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   Source: ali_charts/X
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 <p>LINK is trading at $13.81 at time of writing. The 18th-ranked crypto asset by market cap is up more than 4.5% in the past 24 hours but down nearly 21% in the past week.</p>
 <p>Martinez also updates his outlook on Bitcoin (BTC), suggesting that the top crypto asset still has room to tick upwards in the current bull market.</p>
 <p><em>“Each Bitcoin bull cycle goes through a euphoric phase, signaling a market top. BTC has yet to see that euphoria in the current cycle!”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GLcFZYjXkAA_KUN?format=jpg&amp;name=medium" alt="Image" width="1199" height="675">
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   Source: ali_charts/X
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 <p>Martinez also notes that more than 27,700 BTC worth around $1.72 billion flowed into accumulation addresses when the top crypto asset dropped below $63,000 this week.</p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GLb4DofWkAAVgRJ?format=jpg&amp;name=4096x4096" alt="Image" width="4096" height="2580">
  <figcaption class="wp-caption-text">
   Source: ali_charts/X
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 <p>Bitcoin is trading at $63,262 at time of writing and is up more than 3% in the past 24 hours. It remains down nearly 10% in the past seven days.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-says-chainlink-link-flashing-short-term-bullish-signal-as-crypto-market-tracks-sideways-tbt85851.html">https://thebittimes.com/trader-says-chainlink-link-flashing-short-term-bullish-signal-as-crypto-market-tracks-sideways-tbt85851.html</a></p>

Trader Says Chainlink (LINK) Flashing Short-Term Bullish Signal As Crypto Market Tracks Sideways

TheBitTimes

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