RiversAndMountains

RiversAndMountains Updated 

I won't give much preamble about Bitcoin Cash. You can make your own decision about which side to stand on with the information that is available to you. That being said, as a trader, you should pay attention to price action first, fundamentals second, and politics and rumors literally not even at all. The reality is, Bitcoin Gold is a scam: twitter.com The...

RiversAndMountains Updated 

During the run from 5.8 to 6.2k there were substantially less margin longs on Finex, averaging in the range of 20-24k as opposed to 30-35k on the way from $4900. General bullishness, velocity, price action, and confidence in the current situation has come to a taper. It's like the end of a party when you aren't that drunk anymore, are pretty tired, someone threw...

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Right now, expectations that anything is going to moon like they did in August/September is unrealistic and dangerous. That being said, District0x traded for as high as about 54c on Liqui before collapsing hard. District0x is another coin with solid fundamental value. It's recent listing on Bittrex has brought it back to life somewhat and it's regained the price...

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Bluntly, IOTA has been on an absolutely atrocious run since its ATH of $1.10. A heavy slide down and some very long candles. Looking at the chart, on first glance one would feel that IOTA is a typical altcoin that is worthless, especially after losing 65%+ of its value and apparently receiving very limited support. I'm a big fan of fundamentals. Fundamentals...

RiversAndMountains Updated 

We are at a key point in history. Anyone believing we're not in or very close to the ultimate apex of this major cycle is suffering from bull hysteria, and should be careful. That being said, anyone believing this is going to be a market collapse situation are suffering from bear hysteria, and should be careful as well. In my previous post I called the risk of a...

RiversAndMountains Updated 

Bitcoin is, ostensibly, in a bubble that is about to collapse. In theory, we're either in the blow-off top, approaching the 5th wave, or about to teeter out and start breaking down and collapsing. These are arguably the most common theories outside of bull mania, and frankly, they're pretty well substantiated concerns that people should care about. That being...

RiversAndMountains Updated 

What's most important in trading is protecting your money. Politics do not matter, and actually can be a clever tactic that's used to have people part with their money unknowingly. With the upcoming November S2X potential fork, Bitcoin Core faces a very real potential black swan. Why? Because Bitcoin Core is only able to retarget difficulty every 2016...

RiversAndMountains Updated 

Crypto is currently in a collapsing bubble situation, regardless of Bitcoin's apparent strength. This is most evident by the state of alts, which simply have not had the luft or momentum they had in July and August. Much of the money that has gone into Bitcoin has come from alts. That is just reality. In any bubble situation, fundamental value suddenly becomes...

RiversAndMountains Updated 

Bitcoin has now reached a critical moment in history where we are bullishly re-testing the $4,600 level. Alts are amidst panic selloffs and this morning short-sellers learned the dangers of piling up money on a key resistance line that everyone in the world knows about and is afraid of, and were squeezed, bringing the market into the $4,640-4,660 range. A...

RiversAndMountains Updated 

RiversAndMountains SHORT Bitcoin - The Edge of Calamity Bitcoin/USD Perpetual Swap (BITMEX:XBTUSD) 4323.80 12.40 0.29% RiversAndMountains PRO 28 minutes ago DeleteEdit Bitcoin/USD Perpetual Swap, 60, BITMEX, Heikin AshiO4322.11H4327.10L4307.80C4319.17 Vol (20) 4M13M Ichimoku (20, 60, 120, 30) 4261.75004256.15004319.17504277.25004299.4000 MACD (12, 26, close,...