I Guess Declaring An Emergency Causes Buyers To Show Up

I love straight analysis, but sometimes I like to be silly. The crypto market is wild, and it can be very taxing. This is an in-depth analysis of current price action, long term trends, and what to look for in present market conditions.

Linked below are ideas where I attempted (successful so far) to call the top in Bitcoin dominance and the bottom for the ETH/BTC ratio, as well as a number of posts speculating on the long term trends, which we have now come to greet. I also linked posts where I called the Bitcoin top at $13.8K, as well as the likely period of declining volatility that followed. I also linked a post where I said Litecoin could fall back towards the $40-50 area, which it has done. I've made a number of bad calls this year, but I did call the bottom in January/February, as well as the recent top. So not completely terrible for my first full year doing analysis. My next post will probably be some sort of "A Year In Review."

This is not financial advice. This video is meant for entertainment and education only.

-Victor Cobra

Comment:

Attempt to make a bigger bounce by the market, but Bitcoin and ETH are both held down by important daily moving averages. ETH was just rejected at the 50, while Bitcoin was rejected at the 9 AND the 200 day moving average. That's fairly bearish for Bitcoin. We need to see it flip both back into support in order for us to end the medium term bearish outlook, in my opinion.

Comment:

Altcoins have room for another drop to test the pink trendline over the next two weeks.

Comment:

Unfortunately for alts, if Bitcoin dominance continues to find support here, it's a sign of strength, since this was major previous resistance. A break below would indicate further upside for alts.