Absolute_Degen

Absolute_Degen

Hey fellow crypto degenerates I mean in reality not really much to say here besides that I AM TIRED of everyone saying "oh well it was double top" OR "Bitcoin is going back to 20k" or the old "DUDE December we always have HUUUUGE gains" Like its not possible that possibly you know, JUST maybe this cycle is different. Now that is just blasphemy. Outrageous and the...

Absolute_Degen

First of all! The last thing you should be doing right now is panic selling! a 30% dip right now is totally normal! If anything you should be adding to your positions. That's of course if you have any fiat left...unlike me.. sigh. If we don't close above the 21 EMA (32k) then a further sell off will happen. I would honestly bet that we wick down below my second...

Absolute_Degen

This post is more for fun and to just tell all bears to eat a micro penis. Remember when everyone was waiting for that 30% drop to 13k? Ya well, if that 30% drop happened now it would be at previous ATH'S. Bitcoin would retrace to 20k-19.9k region. LET THAT SINKKK IN. Absolutely incredible. AND on top of that ALTCOINS ARE FINALLLY STARTING TO MOVE!! Currently...

Absolute_Degen

If BTC behaves then I think this is the ideal chainlink chart. Been seeing a lot of bearish posts on twitter lately and I'm not sure why. There has been unbelievably bullish news with chainlink this week. However, if thats not enough hopium for you, here's some more. By far the most undervalued crypto right now... load up.

Absolute_Degen

Bitcoin is either going to break this bullish pennant upward and send us soaring past 20k. OR it is going to break through 18630 (green dotted line) and it is going to be a fake out. It is going to hit the trend line as support and will close above or on the trend line. However, I do think the price will fall to around 17800 making a pretty sizable wick. ...

Absolute_Degen

Feast your eyes on my glorious meme lines. This could very well be the last dip for link before it starts its way back to 16-20. There are two scenarios here that could play out. 1, BTC rug pulls and we get the historic ~30% dip before the ATH's are broken. I think this is unlikely because we had around a 16% dip already and BTC has been trading sideways for 3...

Absolute_Degen

For every one that wants a quick analysis. Basically, SPX is going to be bouncing in this 3400-3205 range for a little while. I believe that we are entering into a consolidation period before a big move. To early to tell which way it is going to go. For everyone that wants a more detailed analysis here it is. SPX broke through its major support line, the grey...

Absolute_Degen

The 50 MA has been officially broken. We have one more support that I have labeled clearly on the graph. I expect the 50 MA to be our resistance at the moment. This is a big moment for the market. We are approaching the 200 MA rapidly. If we break that and/or 3000 area. I would expect some big panic in the markets. At this moment I would sit on the sidelines and...

Absolute_Degen

Bouncing off some major supports right now and it is literally make it or break it for the market right now.

Absolute_Degen

I believe that BTC is in a bear trap at the moment and the only reason it is in this position is from the from the fall of the US stock market. The first day the market fell, BTC fell with it. However, now BTC is stable and the market is continuing to fall. I kept my TA simple, as it always should be, with my analysis. It is clear BTC broke the through the...

Absolute_Degen

On the daily chart there is a clear double top forming. I believe that SPY will continue to fall if of course it does not become bullish soon because of possible good news from the trading war between the US and China. Also, as we know history tends to repeat itself in the market. More often than not when SPY makes a record high it tends to get corrected...