Come inside and grab a seat. I have a gift for you all.
>>12726763Is it deliverance from the bullshit scamcoin culture of chainlink? Goody goody!
Data guy here. I’ve been doing a little work on Chainlink and I wanted to share something. It’s small but interesting.
>>12726763What kind of men do you think she fucks?
>>12726777Holy shit your get light trumped my thread, but I’ll persist. Check out this chart of BTC closing price change vs volume. So the change in closing price from day 1 to day 2 is compared to the volume on day 2.
>>12726793You’ll notice strong correlations between extreme price movements and volume. This is to be expected, and desu this chart came out exactly as I expected.Note: this is done July 1st 2018
Ok here’s Chainlink. You’ll notice the correlation between price swings and volume is gone, and if anything they’re weakly negatively correlated.But that top left corner is interesting. The only region we find a pattern is between strong negative price movements and high volume. There are no corresponding days of positive price movement and high volume, like there are for BTC.
>>12726803ok?? What's your point?
>>12726819SO WHAT DOES IT MEAN, WE GOING UP OR DOWN?
>>12726819So what? Well it means that some very serious accumulation is happening from some big boys who don’t give a fuck about short term price appreciation. They’re not swingtraders and they’re not scalpers, they have their eyes set on higher prices.14/18 days with >$10m volume happened in January. There’s been no profit taking as yet.
>>12726834It means stay the course with Chainlink. People with more money than you are in this for the long haul.
>>12726840Anyways I’m off to get lunch. Hope you’re noggin is jogging.
>>12726840we already know this, thanks for nothing.
The plot thickens
Can confirm OP is correct as my uncle did in fact purchase millions of dollars in chainlink in January irrespective of price
>>12726763all I know is I've moved down 30 in rank over the last year.Used to be top 250... now I'm just a future nobody (of the world elite).
>>12726819Based. Look at LINK’s OBV for more proof.>>12726833It means that when LINK dumps people are buying and when LINK pumps people aren’t selling.
>>12726854Haven’t seen it posted before and I never leave this place
>>12726763>>12726779>>12726793>>12726803>>12726819Real info on bizBless you anon
>>12726961Yes, correct. Price support is very strong.
>>12726763Senpai thanks for sharing this, where can i learn some shit you know in order to find interesting things in charts like you?
>>12726978Thanks big data. Your interpretation of these fine looking charts has got be feeling cozy. Going to make some sourdough waffles and think about what you posted.
>>12726991Brainlet here, can you explain why the skew to the top left means accumulation? Would high volume + negative price movement mean bearish sell off?
>>12726998Data science, stats. This is some pretty basic stuff but wanted to share the hopium.
>>12727016Every sale has a buyer. The key here is that there’s no corresponding high price + high volume days.
>>12727020Pretty sure this if what we've all assumed was happening, nerd.
>>12727016It would if1) The price of LINK had been declining 2) We should still be seeing the same or similar on the right
based mother fucking OP thank you fren. nice to see a sparkle of old biz still here
>>12727024ok so then where is the volume coming from for the dumps?are these big holders dumping their coins in batches and hoping to skim up more at a profit over the long term?Not sure about that. Too many potential "players" in the game to make that strategy work (IE one player decides to grab as many as possible and hopes others sell him cheaply to keep price low). The only likely candidate would be Binance itself since they have perfect info (or close to since there are technically other exchanges).
>>12727024Thanks. Should've paid more attention to statistics in college. Nifty stuff.
Thanks for posting mate good shit
>>12727086More and/or bigger trades are being executed when the price is relatively low. I’ll let you puzzle out the rest.
>>12727086You make a good point about Binance though. They do have perfect information. I’ll have to think about that.
People with deep pockets in the know waiting to stake
Could you also do it for HOLO?
>>12726763Based hairy arms
>>12727024Higher price leading to higher volume and lower price leading to lower volume are both bullish indicators meanwhile higher price leading to lower volume and lower price leading to higher volume are bearish indicators at least from what ive read from people who do ta on biz.In reality higher volume as the price falls just means that rich players are both accumulating at lower prices and at the same time panic selling/swinging. Lower volume as the price rises just means that rich players don't want to buy incase it falls again nor sell incase the singularity starts.
>>12727222checked. please flush
>>12726763is it your bags?
>>12727222I think you are talking out of your ass
>>12726991Literally a nothing burger. Anyone that is a top 1000 holder knows this. If you are top 1000 and stopped accumulating you lose ranks constantly. Still it was nice of you to make it visually clear. Now stop spoonfeeding Newfags and reassuring weak hands. We already made it. Now we wait
>>12727302And i think you are retarded because you can't use your head and realize that for there to be a higher volume at a lower price holders must be intetested in selling alot of tokens at thst lower price.
>>12727385You seriously write like a 3rd grader mate
>>12727422Resorting to ad-hominem/name-calling. You make a convincing argument.
>>12727222Yeh that was a much longer way of writing out my thesis. Thanks for the blog.
>>12727371My main point is the lack of selloffs. Ponder that point.
should I finally get some chainlink then?
>>12727771How can you know about Link but not own any?Get a suicide insurance stack at least.
>>12727645It doesn't mean anything definitive. Bullish case: holders are not willing to sell at higher prices.Bearish case: holders want to sell at the higher prices but buyers aren't interested at that higher price.
>>12726819Why does volume indicate anything? For every seller there's a buyer. I never understood why volume spikes in certain conditions are supposed to be bullish or bearish. There's always someone buying and someone selling.Not trolling, I legitimately don't get it. Can someone explain for a brainlet.
>>12727771no. leave our threads.
>>12727933Is nothing sacred anymore?
>>12727956It literally means nothing. The most impotant thing is that an increase in price without volume is manipulation which means the price will collapse. The more a network is used the more volume increases. For chainlink it means nothing because tge network isn't even up and running yet so all the volume that chainlink has is from speculation not users. For the long term, more usage is all that matters.
>>12728017come on you know she honks for sure
tldr: you can make convincing bullish and bearish stories out of the same data. wew linkies are retarded
>>12727956Volume is *the* most important indicator of sentiment in the market
>>12726781Ugly and confident. No one else would be able to speak to her.
>>12727440Dude just ignore the discord fudder
I fucking just love how she holds her chainlink with two hands. Its just so fucking cute. UwU.
HOLY SHIT ACTUAL ANALYSIS ON /biz/ FUCK WHAT IS HAPPENING
>>12728032Agree with u up to a point.... even after Maine’s.... how would usage determine price? Look at zrx, look at bat
>>12726854There's a difference between feeling it to be true(which me and many linkies feel) and having analysis to show that it is true. I for one am thankful for all my fellow link marines who do this sort of analysis.
itt: retard bagholders coping why their investment is good.while in fact it's februari 2019, no mainnet in sight, still a shit ERC token and yesterday link was the only coin that dumped
>>12727086Weak hands and emotional traders provide the volume during dumps
>>12728839or people who actually buy low and sell high
>>12728842People who actually buy low and sell high doesn’t provide the SELLING volume during a dump
>>12726763>>12726793>>12726819Pretty stinky stuff, appreciate the hopium fix
>>12728712Neither bat nor zrx having node staking that dries up supply.
>>12726793>supply and demand gauge based on the 'statistics' for a preissued, centralized vaporvalue... thing
Nice thread, thanks OP.
So like is 10k enough then? I have 10k and it’s like 15% of my portfolio, I feel like it doesn’t make sense for me to own more... I wouldn’t be able to sleep at night or something
>>12726848It is, thank you for your service
>>12726763Hey, OP.Thanks for yoir info, very interesting.My guess is that your assumption is wrong and that Link is still coupled to BTC. Could you do the same graph but for Link/BTC instead of Link/USD?
>>12729767OP here, not a bad idea. I’ll do it tomorrow at work.
>>12729788OP, could you answer my question about 10k being enough to make it? I am okay with $2-4 million as I am young and have time to build wealth
>>12726763Link is a religion at this point. Ever wonder why christfags freak out if you say there is no god? I mean why should it matter what you think? They should just assume you are going to hell and it shouldnt even bother them. But it does. Its because you are directly challenging their delusion. Delusions are easier to believe in when they are shared delusions. You become a living reminder they are completely wasting their time on fake nonsense. It means there is no afterlife and they are going to die. Their tiny chimpanzee brain cant handle this and totally chimps out. Its the same with linkies. They will never be successful because their bags are too small to win with BTC alone. So they have convinced themselves that link is some kind of miracle coin that will yield 1,000,000x returns. It doesnt even make sense, but the alternative is they kill themselves in a bathtub in a few years, and their simian brain freaks out. Its trying to hold onto whatever thin hope it can scrape together.
>>12729795OP is no more qualified to give a price prediction than anyone else here. I could give you a figure if it would make you happy but it won't be right. 10k is good, now just sit back, relax. You'll be better off, just know that.
>>12729821In the history of humanity, there has never been an investing opportunity so thoroughly vetted by NEETs who have developed the highest degree of weaponized autism.>born too late to explore the oceans>born too early to explore the stars>born just in time to buy a fat stack of link
>>12729821>Its because you are directly challenging their delusion. Delusions are easier to believe in when they are shared delusions
>>12729885>replying to pastaCheck out this tool
>>12727020Thanks for sharing data guy.You are a credit to the community.Keep up the good work.
Great job, data science anon!
>>12728531Trust me she does not sleep with ugly guys. She is too young.
>>1272943If you truly knew the project and understood its worth... it would be much more than 15% or your port.
>>1272979510k isnt enough.Consolidate more of your portfolio into link. When the time comes and link moons to $50-100 ( whichis over 100x its current price ).. will you regret not having more?
>>12730045>She is too young.This is the absolute truth
>>12728820Yet you do not mention when the reverse applies, which has frequently been the case.
>>12726819>imagine wasting time doing this on a p&d shitcoin
haven't seen this mentioned before, but new (to me) partner and a chainlink is already built.
>>12730719Yooo wtf havent seen that yet
>>12730080Yeah I’ll always regret not having more but it’s just poor allocation IMO. You never feel like you have enough man. I just want to know if 10k will net me at least a couple million. I’d be super happy with that, because I’m younger and I can build more wealth with time
>>12726944where is rich list?
>>12729438More is always better