There will be a possible 3rd leg up to golden zone to REKT most of the moonboys out there. Short this area, because Bitcoin has grown too fast in too short period of time and bulls will be taking their profits and bears setting their short positions. I expect minimum 2 legs down from golden zone, maybe even to 3200 level. From a macro perspective we are STILL IN...
The movements to channel line usually end with a strong buy climax, wchich can be considered as an exhaustive buy climax. Why institutions do not short faster? Because they are 100% sure that price will reach their sell order and they appear out of nowhere. There is a nice chance with about 5:1 Risk reward ratio for short to succeed.
I would like to remind you that we are still in a big downtrend and those attempts to go to 4k are simply funny. We have tested the bottom trend line which is a bottom of a bear flag( or wedge) 5 times, which means 1-2 more attepmts will smash all the bulls that are not getting rewarded enough after their desperate buying pressure to reverse the trend. We might...
The market is still in a downtrend and I simply cannot believe how many times TradinView users say this is best time to go long. Short the golden area and above because pseudo intelectual boyz might pump it in bielief that we are going straight to 20k. This will be another failed breakout attempt if it happens (we might go down from now I am waiting to short in...
We are still in a downtrend. Seems like mining pools want to desperately keep btc above 6k$, but there is not enought demand to fulfill their desires. We may bounce from the red line and head to 5k$
We have been bouncing from 6k$ every time and then hit 0.618 Fib Retracement level. I don't believe in changing the trend, but rather preparing for a huge short around 6900$.
We have seen some panic buying like it was the last chance to buy any highly overvalued crypto, thinking we are going to the moon. Short sell all of your cryptos. The number of shorts is much lower than a few days ago so there is less probability of short squeeze, Stoch and RSI are overbought like crazy. We are not going to the moon and if we continue to go up...
From economic perspective (supply and demand) we are HIGHLY overvalued right now (every crypto). The market has to verify more than 99% of the empty projects and people who have invested in it, so they have to get rekt hodling those sh*tcoins. We are still in a downtrend and tons of people still have huge bags of alts and BTC. If we go up I will consider it as the...
TRX perfectly tested 0.618 Fib Retracement and is going together with BTC to hell. Additionally we have an announcement from Justin Sun about huge partnership. Good news doesn't work during the bear market and people will probably start selling the news soon after is is released. The whole crypto market is still overvalued as hell and will probably destroy 90% of...
I can see most of the analysis here are based on greed and have been repeated every time we bounce from the bear trend line. There is absolutely no demand for bitcoin and all the attempts are based on FOMO spreaded by social media. Maybe we will bounce to the red Fibonacci Retracement and then go to 5800. Everyone is shouting "this is the last time" and they have...
We might see some nice uptrend movements after we've crossed downtrend line. The resistence is shown as red thin lines and a downtrend line as thick red line. There are some news such as token swap, new whitepaper etc. so there are some fundamental reasons for price to go up in short term.
(Forgive me my grammar mistakes - not native speaker). WTC has crossed the first downtrend line and might be heading to the second one. We have found nice support at 4k sat and RSI Indicator is simply crying (higher dip suggests bears are losing their steam). From my observations i can say there are no big players ( >5k WTC) selling for this joke price...
The RSI indicator suggests WTC i really oversold right now. There are no fundamental reasons why WTC is still dropping. A lot of fud on r/cc suggests most of the people are wrong. We should bounce to the resistance zone pointed with rectangle
The WaltonChain team has announced a new partnership coming this week. We may see a next bull run as we are bouncing from the uptrend line. If we break up we can expect some nice gains
Walton is still in a downtrend. Mostly because of a clear market manipulation (huge sell walls appearing just after price growth), and BTC price movements. However, Walton is going to release iOS app, do a token swap and talk to huge Korean exchanges like Bithumb and UpBit by the end of June 2018
