__________ Brief Overview __________ What a bloodbath in the cryptospace these past few days! This is another example of news blowing information up and exagerrating it. The primary hypothesis is that this heads back up to test 12000 where we will see exactly what price wants to do from there. __________ Technical Analysis __________ While someone...
Before you speak my idea badly, read through the entire text: There is no sign that the rally continues this year, the bubble will burst! Why do you think the bubble will burst? The question is easy to answer: Since history is always repeated in the world of trading, it will be the same this time. It's just unnatural how bitcoin has gone the years. It is...
After my previous analysis on RIPPLE was a bittersweet victory - althought the initial stop loss was triggered and RIPPLE reached new high - all of three targets I marked on the chart were hit perfectly - 2.1, 1.7 and final 0.9 , giving very good and profitable outline for XRP shorts. This time I think we have very interesting and uncommon structure - the...
I think it has already started, however price may toy around a little bit and move upwards more before falling. I see three possible targets: Moderate: around 8100 Extreme: around 6100 Insane (not on chart): Around 4900 - Wave 5 of Wave C would be 1.61 of Wave 3, and retracement of 0.61 would be reached from the upward push to 19500$.
The comparison is easy, the debt level is even crazier than during the last credit bubble that bursted 10years ago.. Real economies just started to get over it but it seems like traders haven't learnt anything for the previous crisis !! As I always say... trading is about cycles and no matter how ofter I hear "This is different now..." or things like that... the...
Next stop around 8. Then deeper and deeper... see red arrow ;) Dunno how many stops there will be but every one of them is a chance to get good money.
Do not trust what I am saying. Google the dot com bubble chart and you will be amazed on how similar these two charts look alike.
BTC bouncing after hitting support at 9,000 (38% fib level). Also completing bullish crab pattern and headed towards newfound resistance levels at 12.5k and possbly even 14k. These levels are good places for a short as BTC is still showing bearish signals and shows no signs of longterm reversal yet.
BTC price look relly oversold. It might be a good time to go long for a short term trade
Still following bubble trend. While there is no TA here per say, there is innumerable amount of evidence leading to the fact that crypto in general is a bubble and this first collapse is a start. Within 2-3 months btc will be back to somewhere around 6k. That being said, it would be irresponsible to sell at this point, it is already to late to do so. Best option...
We have been in a bearish market for a month now and for crypto enthusiasts this is just another healthy correction before the price blasts past 20K and, once again, silencing all the haters. Other people are feeling smug or in despair because they knew Bitcoin would never end well! Looking on Twitter, YouTube and Reddit, the overall market sentiment is...
Let's have a look at GLOBAL Bitcoin trend. Bitcoin has been rythmed by bubbles. As you can see we are in the end of the third bubble. What does it mean? During the previous bubbles, Bitcoin lost between 70-90% from its ATH. A new cycle begin each time that bitcoin is facing the global trend line and a new uptrend with expanse of 1000%. The point is that third...
yes i did was of opinion btc was going to go down in previous analyses because of CME futures, it just gives them the power to bid btc lower. They are in charge of money they can make bank accounts of trialions just to hedge bitcoin down, don't be a fool and think btc has ultimate decentralised powers, not at all! Not if it's going to be continued price settled...
prediction done solely based on personal bias and where I "feel" it's going to go. purely for fun. this prediction has no credibility whatsoever.
See my attached idea about "Stages of a Bubble" BTC on the daily is starting to look more bullish, however we must break this downward channel. Fib lines seem to be working as strong support.
Eastman Kodak has has been going crazy in the passed 3 days on their adoption of "blockchain technology" (everybodies favorite buzzword). And it has grown nearly 250%. Not only is that absolutely insane for the current market but Kodak has had a losing streak pretty much since it has gone public... To top it all off, take a look at the volume: more shares have...
These continuous largescale pennants speak for themselves. Along with analysis of the chart, tronix CEO showing great leadership and marketing
I zoomed out on BTC and immediate remembered the Stages of a Bubble diagram by Jean Paul Rodrigue. At the same time I am bullish on Bitcoin long term. Always nice to check yourself and your hope, markets dont care about how you feel. "Never fall in love with a stock". en.wikipedia.org