I took a bunch of adderall today and rode my motorcycle from maine to nyc for 9 hours and then I made this. I'm not sure if anyone has plotted this yet, but if so, I've missed it.
Here is the key:
-vertical lines are all of the 700,000 LINK dumps by the team plotted to the hour. -horizontal lines are lines I had previously drawn at critical supports/resistances (inb4 USDT chart, I know, I know, but bear with me) -the downward sloping line is the downtrend resistance following the pump to $4.50. The price highs touch this line repeatedly, as you can see. -the upward sloping line is the larger timeframe upward trend support that has been going for a while, ever since we left 40c territory.
What we can see is that every time LINK approaches a critical support, resistance, or trendline, the team dumps 700,000. As LINK approached what appeared to be the bottom of the descending triangle formed by the downward trendline and the middle horizontal support line I drew, they dumped three times within 48 hours. It is clear from this chart they are trying to keep the price down when a breakout seems imminent. The price is volatile at the moment due to larger market conditions, and it appears to be creeping around the middle horizontal line I drew. At the point where the price contacts the line and threatens to break out, about three hours ago, they made their most recent dump. I'll let you all speculate on why or argue against that conclusion.
I am bullish on LINK and hold 15k. But this is really fucking annoying. I guess at least they are trying to prevent a massive speculative overvaluation that might prompt an absolute cratering of the price, which is bullish because it proves they are in this for the long haul. I would be curious to see these lines drawn over the LINKBTC chart but I don't feel like doing it. Discuss.
over-analyzing the scam. sirgay wants to dump and make as much money as possible
Joseph Robinson
STILL ZERO PROOF THE TEAM HAS SOLD ON BINANCE
Aiden Martin
If he was doing that, he would just let the price fly upward, then dump everything, you absolute trash-heap of human being.
Noah Clark
Look at the timing of all the dumps, and where they are in relation to obvious supports, resistances, and repeatedly validated trendlines. The dumping is clearly methodical.
Gavin Evans
Indeed. These aren't normal dumps. They are critically timed to the nanosecond to be as efficient and harmless to us Hodlers as possible. Sergey cares about us.
Easton Kelly
i believe the team does suppress the price. but to talk about it here is impossible. every OG marine should know sergey is ANTI hype.
James Hill
OK, that's a pretty extreme response. I'm curious to hear other interpretations of this dump timing, not trying to FUD.
Nicholas Barnes
Makes sense, it's still market manipulation. I'm sure the SEC would love to hear about this.
Noah Mitchell
>Suppress the price >Desperately retweet MOAB partnership Uuuuhhhhhhhmmmmm !!!!
Owen Morgan
I guess FUDing is a way to suppress price
Jaxon Scott
>they are curbing the price so a hyperbolic move doesn't happen, not because the team wants to secure their financial future and for whore and cocaine money I'm thinking you went desparate shill mode in the end.
Reached the same conclusion fren. Sergey clearly does not want $10 link this year, because that would lead to centralization of supply and defeat the whole point of link. Sergey really wants us neets to have nodes.
Angel Watson
>they’re dumping millions of dollars of freely printed tokens so I can benefit >how kind of them thank you Sergey!!!
Imagine being this naive. Imagine having to damage control for your investment, instead of moving on. Imagine being an emotional, attached investor in an ERC coin from 2017.
Based and linkpilled, every investor should only make decisions after a 9 hour amphetamine fueled bike ride. Although discussions don't happen here anymore, so don't get your hopes up of starting anything. Link has always been anti hype because crypto "investors" are retarded. Don't lose sight anons, we're gonna make it.
Andrew Wright
Meme lines only a tweeker would consider sensible.
Gavin Adams
Here's my random theory: >Binance buys 13m LINK in the ICO, this is for liquidity on their exchange >Near the end of June, Binance sells millions of LINK which is withdrawn from the exchange (check wallets #10-#15) >Binance is now low on their own LINK liquidty, so they contact the team and organise a deal to buy 700k every time the amount of LINK that they own goes below a certain amount >LINK continues to be withdrawn from Binance throughout July and August, so multiple purchases of LINK are made by Binance from the team.
Ok user. Let's have a thought experiment. If they were trying to exit scam, why wouldn't they allow a colossal parabolic movement and then dump? Why would they sell at points where the price threatens to go higher?
Jason Flores
Definitely read, but never selling. Thanks OP good work. I'd say your conclusion is correct. Priec suppression can only mean not all parts are aligned properly yet for them to let it run. As others have said, there is no proof they are selling, and it could be for nodes, although your chart does basically show manipulation by someone. We've all seen how Sergey operates, he is as transparent as allowed, and they did tell us they needed funds to further the project. Web3 and Sibos will be where the answers to all of our questions will be answered and we will know if this is all for real.
Jackson Howard
Exactly. If it was a money grab they would do what you suggested. No instead they posted an article about hiring and expanding their team right before they sold. Imagine trying to use this as FUD.
Tyler Hall
Do we actually know that they sold on the spot market though? Is there any evidence of this beyond the movement of tokens?
Julian Smith
Cool, thanks for weighing in! It's tweaker btw
Honestly I'm inclined to agree because the chart volume where the 700,000 movements occur doesn't really reflect an actual 700,000 sale on the exchange, given the 24h volume is 6,700,000 USDT at the time of writing. I still don't understand this.
We are probably about to see a short leg down. On the USDT charts the stoch rsi is having a fit up at 100 and we are wicking upward repeatedly at resistance after a good leg up. But I'm more interested in the BTC charts, mainly because that's where the lion's share of the volume is and most of these trend lines hold up there too. Pic related. We have been traveling in a downward channel that we are likely not about to break out of. It will probably make a leg down and make another higher low at the upward trendline. That is, if nothing crazy happens with the market and there is no disruptive news or announcements--- caveat emptor.
No we don't. I should hesitate to say that these are dumps, as should all the fudders. All we know is they are moving the tokens to binance, and if you read the above comment, it makes much more sense that it's probably OTC sales so that potential companies buying don't get tagged with swastikas and pepes on twitter by the link marines. Or binance is planning something themselves. I don't really understand.
Grayson Bennett
kek isn't that exactly what he did after cornbase listing
Eli Thompson
Because they don't want you to think it's a scam, retards
Kevin Morris
Because this way they can milk it for years, and never face investigation because people like you have some sort of strange religious devotion to the team.
Robert Young
I bet Adelyn and Rory dont want biz getting rich
Hudson Ward
Hey guys. What's the best service to buy link?
Cooper King
Does this mean whalekiller was fighting against Sergey?
That guy needs to come back and break us past $10 like he crushed $1.
Christian Sullivan
OP you are so based. thank you for your service, marine
Eli Barnes
>took a bunch of adderall today and rode my motorcycle from maine to nyc
