The only certainty about crypto. It is programmed to go to zero. This is the Coinbase chart. You guys keep crashing the app. Happy days for the OG scammers and the late scammers like Saylor. Blackrock chose to bail them out with retail money, for some reason. Happy days.
This sort of pattern would certainly shock the herd. A potential Wave B suckers Rally galore .Then SNAP into a horrific wave C thrust bringing price right into the proximity of the prior wave 4 symmetrical triangle. There's also what appears to be a potential H&S top right shoulder forming in Wave B as well. Everyone and their Grandma appears to be anticipating...
Bitcoin first pushes all time highs earlier in the week, followed by a 10K point retrace, only the climb back to the top and push the highs again. Wild price action for sure, but what does this mean in terms of the probability of continuing higher? The fact that price retraced 10K points in one day is very telling and demonstrates the amount of risk one faces at...
BINANCE:BTCUSD breaks through the 69K mark, grows by 8% and hits a strong resistance zone. There is a high probability of forming a false breakdown before further correction, as there are reasons to weaken the price a bit before further growth. The flagship of the cryptocurrency market updates the high at 73794. Technically, 69K is starting to sell off...
In discussions with BTC bulls in a couple of posts I've had here recently it occurred to me many of them show signs of problem gambling. I mentioned this to them a few times and they told me BTC isn't gambling. But from the perspective of someone who's been in trading a long time, I think we'd define their attitude to risk as "Problem Gambling". Curious...
The way most people speak about BTC and the things they do with it seem far more in line with me with a speculative bet than a viable currency. Here's some examples; I've never been told, "Accept BTC via payment gateways, or you'll miss out big". I'm always told I should, "Buy BTC or I'll miss out big". And this is correctly framed because I've had BTC...
A glimpse at the most recent sells from retail traders through panic attack caused by whales. View red block from today’s dip.
If historical patterns serve as a guide, we consistently observe the formation of a rounding bottom pattern on BTC preceding each bull run. Presently, it appears we are on the brink of significant BTC movements this year. Notably, a critical support level indicated on the chart stands at 59k, extrapolated from historical data. The target for the rounding...
Bitcoin is now correcting from the 73K all time high, just above my short term high probability reversal zone (upper blue rectangle). Prices between 64.5 and 69K were highly vulnerable to this type of move to begin with and coupled with the 10K retrace of two weeks ago, there was plenty of warning for investors who understand markets. I hope you were NOT one of...
HUGE BULL RUN on your way. I won’t explain much but you’ll see for yourself. Algorithm MA’s. Worst case we will tap $65,295 according to FIB. Rocket Fuel has finally arrived at BTC headquarters; astronaut gears are being prepared.
Dear valued readers, Escaping the resistance level of $61,574 has propelled the price of cryptocurrencies to an impressive surge. Currently, it is trading at a record high of over $73,000, marking the highest level ever. At the time of writing, the cryptocurrency market is hovering around $72,189, continuously rising and setting new highs with a 0.1% increase for...
Going to keep this one short. 3 days ago i posted this update when BTC was at 72.800: Think btc and eth (assuming those lease the market), are getting a bit exhausted. So think a correction could happen any moment. But as mentioned several times already, think its just a correction, so after that is done, could be a few days to a few weeks, think the market will...
With Bitcoin's (BTCUSD) continuous bullish run, day after day, running basically the 7th straight green month, we thought it may be a good time to put things into a greater perspective from a macro point of view, as many seem confused over this hyper aggressive bullish sentiment. The reason is one and one alone and has a very short name: E T F Yes, everyone...
If the premise of a trend reversal is going to come to pass we need to see rejection of the attempt to trade at a new high. The breakout looks much more promising now but when you look at a lot of tops you find many of them have wicks slightly above the high. I believe these are referred to as "One tick traps" (I just call them stop hunts). If the breakout can...
Bitcoin (BTCUSD) declined from the fresh 73700 All Time High (ATH) back to 65600 in a matter of a few hours, breaking below the 4H MA50 (blue trend-line), entering the green Ichimoku Cloud for the first time this month, while touching the bottom of the short-term Channel Up pattern. This is the 2nd Higher Low for the pattern and now is the time for the trend to...
Hi Everyone! Yes, you read the title correctly. The 10-Day time frame suggests upward pressure can continue the remaining 9-Days of the current 10-Day candle and upward pressure continue into the NEXT 10-Day candle. Which could take us up to within proximity of the Red Upper B-Band the NEXT 10-Day candle. I'm anticipating the Red Upper B-Band will be somewhere...
It's easy to hate on inflation. The silent tax on the poor. The rich get to borrow the money into existence and spend it into the economy at a high value and then the process of borrowing money into existence creates a devaluation of the money by the time it reaches the general public on the lower levels. The theory on why this is meant to be good is known as...
Resistance with support level by Fibonacci. Retest breakout at $70,271. Cypher Harmonic three targets to as highest $78,295, possible target. ATR with percentage in price at 2059.7. Pips target is set to $ 73,732