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He considered that we all know Elon Musk, the richest man in the world, owner of Tesla Motor and SpaceX, companies that have revolutionized the market where they are directed. Lately the successful businessman, he has made more statements related to cryptocurrencies, some of them being as important as the fact that Tesla will possibly accept payments in Bitcoin or that he in particular will never reject payments in BTC. But not only is Bitcoin important to this entrepreneur, he has recognized that long-term Doge can generate good profits, that LTC is interesting and that ETH can continue to revolutionize the crypto market. All this can be found on his Twitter profile, you can consult it without any problem. So is Elon Musk a crypto visionary or does he just want to take his share of the pie, taking advantage of the FOMO?

First of all, thanks @ayatoslaw for the analysis based on historical data and charts.I am not an expert but I decided to create this topic by analyzing the current scenarios. Everyone is just talking about Bitcoin price alone but I have been strongly monitoring BTC/ETH price strength in the cryptocurrency markets for a long time in order to make further moves. After the third halving event of Bitcoin, if there was no dangerous pandemic to crash the global economy, the Bitcoin price would already have broken the previous highest price record. Despite the third halving event, there was a stunning recovery of the Bitcoin network hash rate which was a clear indication of the increasing rate of PoW miners due to pandemic. Due to increasing cases caused by COVID-19, potential investors avoided BTC to wrap up their fund in something stable things. Now, I would like to point out some possible signs to cause the bullish trend in 2020. Recently, there was news, a company started to hold huge amounts of BTC by converting the company's cash into BTC for a long term purpose. If this trend inspires other multinational companies, surely it will affect the supply of BTC to give a high price for each BTC. A data firm has published a report about the highest realized price of Bitcoin which was an indication, circulating supply of Bitcoin is finding its way to the small investors(Bitcoin adoption rate is increasing globally) Surprisingly, there are increasing numbers of new blockchain companies all over the world in 2020. Can you believe it? China alone has 10,000 new blockchain companies in 2020. It is another green sign for the coming bullish trend because more the BTC focused blockchain companies, more will demand Bitcoin in the cryptocurrency markets. DeFi craze is looking amazing this year which is causing the stronger BTC/ETH price strength. A report suggests, Bitcoin holding in cryptocurrency exchange wallets drops to a 20-month low! It also indicates a green sign for possible bullish trend because more BTC holders are still loving to hold Bitcoin in their personal wallets. So we have these scenarios now. If everything goes normally, we can expect the impressive bullish trend of BTC in 2020 otherwise if there are other hampering factors like a possible second wave of COVID-19, another sharp price drop of BTC is on the way. P.S. I caution you, do not take it as your investment advice 🙏 !

Hi fellow forum members. Today, in this topic, I will be making some technical analysis on Chainlink token (LINK). Before proceeding, let's talk a little about chainlink. What’s Chainlink? Chainlink is a decentralized oracle network that allows provision of data from off-chain to on-chain (or smart contracts. Basically it means it connects smart contracts to real word data and payments. Chainlink It implies that more demand of decentralised oracle network services = more demand of the LINK token. As time goes on, LINK will be one of the most demanded assets. Watch out!. More about chainlink and tokenomics? Visit Chain.link As at present, LINK ($11.2) is ranked 6th CoinMarketCap with a circulating supply of 390,509,556 LINK from a total supply of 1B LINK. With market capitalization of over $4.3B and volume of 132M LINK ($2B), it peaked to its all time high at Aug, 2020 at $19.85 and it has its all time low of $0.126 in Sep, 2017. LINK was the highest performing crypto asset in 2019 with nearly (or more) 500% ROI, starting at $0.3 at the beginning of the year to $1.80 at the end, more than BTC (around 100% ROI). After peaking to the ATH earlier this year, there has been noticeably a bearish trend hitting as low as $7.3 with the market showing a some sign of weakness. Should we (investors and trader) be worried?. On my analysis, the first noticeable trend as shown on the chart above, was the chainlink market making some higher lows. As seen and shown in 1, 2, 3 and 4(currently) after each bearish pattern, there has been significant upward movement; 49.2% in 1, 40.09% in 2, 32.8% in 3 and as at this time in 4, there has been more than 19% upward from the bearish candle. It is not healthy for me to be bearish but I have to admit the LINK market is weak at this moment and most likely a resistance will have to be dealt with at $13.22 in the next few days we have been rejected twice as shown in the immediate above chart. Personally I placed an order at $10.04, expecting the same pattern and predictably up to 25% from the bearish candle following the same pattern. Will it break the barrier? The next few days will be crucial if the market will show some strength, break the pattern and go very bullish or not, go bearish below the previous support ($9.77; with the help of my 50 days moving average exponential). I remain remain positive however with help of some fundamental factors: Zenlink exchange announces it will integrate chainlink oracles: Mainly because of its transparency, decentralization, security and high quality. Increasing ecosystem: 29 new project integrates into chainlink bringing the total to over 315. If the above in not bullish enough then, I don’t know what’s it? Chainlink is one of the most volatile cryptocurrency since 2017, relatively one of the most profitable. This is not a trading advice!!!. As seen on the charts, all are made independently and liscensed to this community. Prior to any usage, contact the administration. Thank y'all. Profit for everyone.