BharadwajRallabandi

BharadwajRallabandi Updated 

The first wave down was brutal. 17k to 6k and it took 1 month. Second wave down was a little less brutal. 12k to 6.5k and it took 1.5 months. Third wave down is even slower, 10k to 5.7k in 2 months, which means bears are running out of steam and accumulation is happening. We can go even lower to 5.5k or 5k but I will definitely be a buyer there as well.

BharadwajRallabandi Updated 

We're forming an ascending wedge inside a bear flag. So what's next people? Can we have a retest of 7400 level to confirm a trend reversal, to aim for the moon? Or is this just one of those bull traps before BTC breaks 6k? A correction is imminent, but will market decide what happens from there on! P.S. Moon is on the other side of the line

BharadwajRallabandi Updated 

In about 2.5 hours, EOS is going to complete its airdrop. History is a great indicator, so just like ETC and ZClassic I expect EOS to have a drop in value after airdrop.

BharadwajRallabandi Updated 

Let's take a look at BTC in Log scale. The last 6 months have been hyperbolic, parabolic to say the least. Let's get to some fundamentals shall we? When speculation outweighs utility of anything, it's a bubble. Blockchain in its current form is not scalable to average user. The average TPS for current bitcoin transactions is only 7, and segwit may double/triple...

BharadwajRallabandi Updated 

As you can see, we can eliminate the parabolic moves as Bull traps and the downtrend line is still intact. Also there is an uptrendline from 6k. The next 4-5 days are going to make or break the tone for next 2-3 months. If bulls can succesfully break and hold 12k mark, they have won. If the downtrend line continues and we fall below 9.4k, a move to 8.4k is...