Probably The Most Valuable #Chainlink Video You Will Watch + Bonus 3X Pick

What's up everybody? Welcome back to The Art of Crypto, the birthplace of absolutely legendary gains. In this video, we are just going to do a quick weekly update on Chainlink and figure out exactly where Chainlink is going to go from here. Is it going to start pumping or is it going to start dumping? And if it starts dumping, which level should you be paying attention to and why? Now, right before I dive right into it, if you haven't already followed me on Twitter at _TheArtOfCrypto, you're going to want to do so. This is where I'm sharing the latest market updates as well as asking you guys what videos you would like me to do. So if that's something you're interested in, as well as, you know, check out any coins that I might be looking at, then make sure you follow me on Twitter at _TheArtOfCrypto. So right now, let's dive into Chainlink. So I was telling you guys like, hey, Chainlink was bullish and you were going to take out the previous highs, and this is exactly what we did. It's been a while since I did a Chainlink video, so let's figure out what next. So now that we have taken out this high right here, we have to try to understand where Chainlink is going to go next. And this is all happening on the daily chart because, you know, I can't really make videos on like the 4-hourly or the 1-hourly. It's kind of hard when you only make one Chainlink video every like week or 2 weeks, so it's a bit tough. So this is more of a swing trader's approach to things. So the next high is going to be located at about $44.63. This is going to be a very significant level to pay attention to. And when I say high, All I mean is that this, like, the tall— like, the height of this candle is taller than the 2 candles right next to it, and that's what makes it a swing high. And the next high is important because when you're bullish on order flow, I want you to take a look at how the price moves, right? It takes out all of the previous highs. Notice how it wicks just a tiny bit above it and then it starts dumping it, right? Notice how over here again you wick just a tiny bit above these previous highs and then you dump it. And if you want to understand more about why the markets do this and why the market makers specifically do this, then you're going to want to check out the video that I will link on my top right-hand corner. It is going to dive into why the markets move the way they do, as well as how do you tell when the market has flipped bullish or how do you tell when it's flipped bearish so that you don't get caught holding bags, you know what I mean? Make sure you watch that video when you have some time, yeah, but after this video. So at the moment, Chainlink has taken out this previous high. Now assuming that we are still bullish on order flow, we will target $44.63, and that is indeed looking like it might be the case at the moment because If I just draw this line right here at $27, $28, right, you can see that the previous swing low on the daily chart is over here, and we have not violated that swing low yet. Now I know you can argue that this is one, but you know, it's way too like short. I'm not going to be looking like this and considering that a swing high— sorry, that a swing low. What I'll be looking at is like something like this, right? Something like this. Yeah, something like that. So in this case, if you look at it from this perspective, you can see that we have not violated the swing low. So there are 2 scenarios that could happen here. If you wish to go for a long, Chainlink is actually sitting at this higher timeframe support right now. So this is all happening on the daily chart or the weekly chart. And I have to say, Chainlink is one of the messier charts out there. So if you aren't able to find, identify properly where the higher-level timeframe supports are at, then, you know, I really don't blame you. It took me a while to get these down as well. So At the moment, Changling is sitting on a higher time frame key support level. So if you would want to take a short— sorry, if you want to take a long over here, what I'll do is maybe I'll take a long here and I'll place my stop beneath, right beneath this level, because— and the level that I'll target is about 44.5, and that will give us about 50%. So will we get that? You know, I'll get into that in a little bit. But the reason why I would do it like this is, you know, if you do take out these lows right here, then you know that you are already bearish. Order flow has shifted bearish. And again, if you want to figure out exactly how to tell when order flow has shifted bearish or bullish, you're going to want to pay attention to that video that I'm going to link on the top right-hand corner. All of this will make way more sense to you. And this is something that I would do. However, that is only assuming that order flow is bullish. You can also look at it in another way. Right now we have just formed equal lows on this level right here, which is a very big warning sign, and it is something that I talk about a lot on Whenever you get equal lows or equal highs, they always tend to get violated sooner than later. So once you have equal lows, I want you to understand it this way, right? People are going to be looking at this level and they're going to be like, oh, this is strong support, so let's go long here and place my stop loss beneath the support. And when everyone else is thinking the same way— and trust me, everyone does think the same way, right? In the markets, 90% of people are losing traders. And what does that tell you? That tells you that 90% of people pretty much think the same way. So if you want to just win in trading, just think opposite to, you know, what these 90% of people are thinking about. And recently I was asking you guys about— I'm running out of video ideas, right? What else do you think I should do other than coin analysis? Because, you know, I've been doing this for basically forever. And well, if you guys have any good ideas, feel free to drop it down in the comment section as well, because I've been reading through all of these. I got about 100 comments But this was interesting, right? You can elaborate on how The Art of War has inspired my crypto journey. So this ties back to what I was talking about just now, right? The fact that 90% of people are losing traders really puts the— like, really makes it important for you to be thinking like one step ahead of everybody, right? Think like— try to— yeah, just thinking one step ahead, thinking 3, 4, 5 steps ahead. Because like, if you— I don't know if there's any other people who are into grand strategy here, But I'm a big fan of grand strategy, right? I've read all the books. In fact, when I was younger, like when I did play video games, you know, the games that I would always be drawn to, games like Europa Universalis. I don't know how you pronounce that. Europa Universalis, right? Or something like that. I was drawn to games like Risk, you know, Total War. You know, those were games where you had to, you know, think a few steps ahead, especially when you were on the high difficulties, right? Civilization. Yeah, that was a big one. Yeah, it was always one more turn for me. If you know, you know. So the way grand strategy and The Art of War ties into trading is that you want to think about multiple different, you know, scenarios, like, before they happen. So you can look at this and be like, okay, so this is support, so what if it bounces, right? But then what if it doesn't, right? What if these are equal lows and everyone's setting their stop loss right there, and then you come down and fill this untapped— like, this area of untapped liquidity right here? And that would be your bullish, you know, that would be your bullish order block. So what if it was just a ploy to get you here? So then you have to think about it in that way. So what if the true entries for Chainlink is going to be $27.6 or $26.8? So that is a valid argument. But what if, again, with the market conditions being the way they are right now, I am not going to rush into any trades at the moment because I don't think that, you know, this dump is over. So with that bias in mind, what if it does break below this bullish order block right here? What if it does break below all, like, both of these swing lows right here, take out all the liquidity, and then take out this part of the liquidity over here? Maybe, maybe, just maybe it'll target here. However, I don't think it's going to target there. So I'm going to be looking at $24.4 and $23 as, like, my key level of support and where I would be interested in Chainlink. So now I have, like, 3 scenarios that I'm thinking about, and then, you know, you sort of narrow it down. So yeah, to that person who was asking me about how, you know, strategy and like the Art of War has inspired my crypto journey, it's— I don't know, I just find myself able to think in like many scenarios at once, right? So I feel like trading is a pretty good career path for people who overthink, because I'm an overthinker in real life, right? Before I make any decision, I tend to think about like— think things through, right? What if, what if, what if? It's just a fun fact, right? So at the moment, now that I've given you like the 3 scenarios to watch out for, uh, which one should you go for? Well, at the moment, I would strongly advise you to— right now it's Thursday, so if we were going to have some kind of midweek reversal to the upside, it would— it's going to be today. And the key resistance level that you're going to want to watch for is going to be $31.76 because this is where you are tapping into the daily, you know, this zone right here, this is what you call a supply zone. And, you know, expect some kind of rejection off of 37— sorry, 31.76 before moving downwards to perhaps fill this order block or perhaps fill the lower levels that I marked out. And if you were going to take the order block trade, I would place my stop loss right beneath this level right here because bullish order blocks are supposed to hold. And for those of you who are wondering what are bullish order blocks and how do you use them to get the exact bottoms on you know, many coins, then you're going to want to watch that video again that I linked on the top right-hand corner. That will tell you everything that you need to know about order blocks and order flow. So this is scenario number 4 right here. In the event that you do take a long here, right, and in fact this is quite a safe trade to take because even if you just set your stop loss like 5.5%, right, for example, your target is still going to be about 8%, right? It's still a positive win, like, win ratio. And as long as you have decent risk management, you should be doing fine. So if you do want to take a long here, that's going to be your trade number 1, and then take a short over here down to at least this bullish order block right here. Your take profit can be at about $27.6, and then potentially if the price decides to keep going down, you hold a moon bag down to $24.4, which I believe is going to be close to the bottom. And if not, $23 should be the bottom, right? I really don't expect Chainlink to touch But hey, hey, scenario number 5. This is going to be the worst-case scenario in the event that you really do— like, once you cleared out all the liquidity above here, right? Once you cleared out all the liquidity here, I always like to say that markets revert between phases of high liquidity, right? So assuming that we have just cleared out the liquidity here and there is not enough liquidity over here, right? Maybe the markets are being drawn to the liquidity here, here, here, here, and here right now. And with that in mind, what if the market decides— what if the market makers decide to switch the order flow to bearish to target all of these sell-side liquidity right here? Then what's going to happen? Then in that case, I'm going to want you to mark down this level right here at 20 point— like 20.1. Let's just, let's just give a little bit of leeway, right? 20.11. This is going to be the exact bottom for Chainlink in the event that it does take out the liquidity over here. Because we have to remember the markets like move in very predictable fashion, right? You always take out the liquidity, wick just a tiny bit above it or below it, and then go fill an area of untapped liquidity, which is your order block. So in this case, I want you to imagine it this way: if it does dump below this swing low right here, take out all the stop losses, then you're going to fill this order block and you're going to pump, right? Preferably to new all-time highs, which I do believe that is going to be the case, that the month of November and December for this year is going to give you some of the best buying opportunities in your lifetime. And I do believe that the positions that you build during these 2 months are going to carry over to the first 6 to 12 months of 2022. So absolutely pay attention to these 6 weeks, the 6 upcoming weeks. You're really going to want to pay attention to it. And if you're interested to hear all of my thoughts and what coins that I might be looking at, like everything, as well as the reasoning behind why I picked coins that I picked over the next coming year, as well as get access to all of my trades the trading education, as well as just join the group where people are making money like literally every single day, then you're going to want to check out the link in the description below. This is where you're going to get all of the market updates as well, basically in real time, so that you know if you should be buying or selling. If that's something you're interested in, again, check it out. If you don't want to check it out, then just stick around with the YouTube channel, right? I'm still going to be posting absolutely free content that tries to give you guys the most value that I can. And if that's something you want to see, then make sure you click the subscribe button. It's a small gesture, but You know, it does really help me out a lot. And if you wouldn't mind as well, just go click the like button. It's a again, it's a really small gesture, but really helps pushes this video out to more people. And I am sure you guys find the educational content fairly, fairly helpful. So in the event that you do dump all the way back here, which is the scenario that I I would like to happen, I would like to have it probably isn't going to happen. But if it happens, I will be so happy because if you get it here. There's a very good chance that you're going to go target like $76. And if that's the case, that's about a 4x on Chainlink. Again, not saying it's going to happen, just planning things out in advance, right? For now, the levels that you're going to want to watch for is a long at this level right here up to this level right here because of the fact that this is a higher time frame support right now, both of these levels. And if you do go up here, this is going to be a daily supply zone. And you know, if you maybe want to zoom in a little bit, you can see that perhaps the daily supply zone is not that high— sorry, not that low— and it actually only starts here. This is the 4-hourly supply zone, which is at about $32.6. So you could maybe wait to take profit on Chainlink until you hit $32.6. But at the moment, you know, I really suggest, you know, just exercising a little bit of patience at the moment and wait until next Monday to come before you start getting into any trades, because things are looking a little bit precarious at the moment. Like, I might be wrong about the fact that Bitcoin is still not done with its dump, you know, I might be wrong, and I totally— I'm totally cool with, you know, me being wrong. But what I cannot accept is the fact that I know that a bearish scenario is in play, and yet I am impatient and I jump into a trade, and then I end up holding bags or actually losing money. Because that's the one thing that you really do not want to do. If all you do is preserve your capital, You're going to be better off than 80% of other people out there who are losing money, right? 90% of people are losing money, right? About 10%— sorry, 80% of people are losing money. 10%, you know, they break even, and about another 10% or 5% are making money. So even if you just do not lose money, you're already ahead of like 80% of people out there. So seriously, treat your capital as if it's your last. And to many people watching my channel, I know they are like very close to being your last capital. So trade them, you know, wisely, and don't jump into any trades during subpar market conditions trying to quote unquote make quick money. If you know how to day trade, if you know how to scalp, yeah sure, go for it, absolutely go for it. But if that's not the kind of trader you are and you like to swing trade like myself, then you absolutely want to wait for better market conditions to present themselves. And I'll be very happy buying higher Right, I don't mind if I miss this bottom right here because market conditions are very precarious at the moment. So I don't mind if this pumps all the way back up to 38 and then it breaks 38. I'd be way happy, like I'd be happy buying up here because I just got some confirmation that order flow is still bullish. So order flow is bullish and, you know, it's going to target this level right here that I discussed, which is an area of previous liquidity. So hopefully this gives you some kind of insight into how I think about the markets and how, you know, patience— like, patience pays in the markets, right? Not every week, not every month, not every day is going to be a trading day. And some days it's perfectly fine to just sit back and relax. Just go hang out, right? Play games or something. Go hang out with your family. Go, go for a date. Or do some, you know, practice. Do some training, right? Such as watching the videos, watching any old videos that I make. Because, you know, just like this video, I do tend to share a lot of, you know, tidbits of information, you know, just like educational tips and tricks. Just sprinkled throughout the video. I don't implicitly state it on the title, but like, this is the AOC experience. This is what you get when you watch my channel. So for now, let's sum it up, right? Let's sum it up. So at the moment, things are looking precarious, right? I would say they are neutrally bullish, right? Very neutrally, very cautiously bullish. But if in the event that you do want to catch this pump, you know, you could take it over here, stop loss being over here. Or alternatively, in the event that, you know, you do dump and break this previous low right here, I wouldn't rush into buying Chainlink at this order block right here because if, like, if Bitcoin were to drop another 10%, maybe even just 5%, it's not going to stop here, right? It's not going to stop here. So in my opinion, the better level to, like, the more high conviction level is going to be $24.4. So absolutely pay attention to that level right there. But if you do want to take this order block trade right here, you absolutely still can because this is a daily order block. It is a bullish order block and If we assume that order flow is still bullish, then this is going to hold, which means absolutely, right? Don't let my emotions, don't let my fearmongering take, like, you know, take effect and just go for it on this level right here at 27.6 and 26.8, right? Absolutely good levels. Set your stop loss at about 25 and you're set, right? That's going to be trade number 2. Now, trade number 3, in the event that you see, that you see this level right here, when you mark it down, 23.5, right? If you see 23.5 get broken, there's a very good chance that you are going to be targeting the liquidity below 20.9. And if that happens, you're going to want to pay attention to this order block right here at 20.1, right? In the event that you do get this level, it is going to be very close to the bottom, if not the bottom, right? After you take out the liquidity below here, that is what you're going to get. And then the price target for this trade is going to be at least 38.2 44.6, and then the next target is going to be 76.7. And yes, this will be close to a 4x. And yes, this is not like— this is not me just throwing out moonshot numbers. I actually do think that Chainlink is going to hit $100 in this cycle. So if you want to catch the exact bottom and get a 5x on Chainlink, this is something that you are absolutely going to want to do. But otherwise, I really want you to mark down all of these white levels that I've just given you. These are all higher timeframe on the daily chart. Support and resistance levels. These are going to be very strong levels to pay attention to, regardless of whether Chainlink is bullish or not. So I've given you all the levels right now. If you cannot even be bothered to mark them down on your own chart, then there's nothing more that I can do for you. And again, if you're interested in checking out the private Discord group, make sure you do so. The link will be in the description below. And right before I leave you guys off, I really want you guys to pay attention to YFI here. This is a cup and handle, and if this thing breaks, we might be in for some fun, like real fun. I do believe the ultimate target for YFI is going to be 10K at the 1.618 extension, but otherwise this is looking absolutely good, right? And again, this kind of a setup is what I came up with when I called LRC. And for those of you who follow me, again, I put this at the end of one of my videos, right? This is something that I called back at 0.37, right at the bottom. I was saying This is the kind of setup that is presenting itself right now. This is what you got. And I did call the top at $3.6 as well on my Twitter. So like, if you want all of the market updates as well as updates on trades that I've been taking, you're really going to want to follow me on my Twitter @TheArtOfCrypto. Otherwise, you're really missing out. So if you enjoyed LRC, then absolutely pay attention to YFI at the moment. This is looking very similar, right? It might not be the prettiest, but Similar, right? Similar. With that said, my friend, may the gains be with you. If you're interested in checking out the Discord group, make sure you check it out in the link in the description. That's where you're going to get access to all of my trades like these, as well as all the levels that I've marked out. But otherwise, peace.