Looks like an simple trade to me. Great strength and overall backed by the trend where crypto lending products are pumping. The structure is very bullish and we could see Ripio follow Aave which has just had a strong pop. Despite the massive volatility it has held very well and it is creeping up. These trends usually end with a strong rally and don't just die...
BTC has just closed above its 300 DMA and still looks strong The major CME gap was filled in one go (not perfect fill yet, but pretty much filled). The same way we gapped down, the same way we filled the gap. Now there isn't any major untested area above that I think would act as a magnet for the price to go up, but there are some key areas above that could be...
Despite the virus, despite millions losing their jobs, despite the world changing dramatically very quickly... Stocks are showing substantial strength. In my opinion this is a combination of the actions from the Central banks especially from the Fed (which is 'successfully' flooding the market with cash), the 'whatever it takes - bailouts for everyone - the Fed...
Gold, Silver, USDMXN, USDZAR, USDTRY, EURUSD Talking about Central bank action, state of economies, the USD shortage and all the technical around it
This is the continuation of my previous idea that I have linked below. It will be a deep and thorough analysis through my own lens. Personally I never look only at TA when it comes to Bitcoin and always seek for patterns that go beyond typical price movements. This has always given me a better feel for the market and imho everyone should posses all 4 types of...
Starting with two key coins: BSV and BCH Both had mega pumps and could potentially retested their breakout zones. Even if they don't continue up in the next few weeks, these zones could provide good short term longs. Bitcoin dominance has fallen of a cliff and clear broke down... Lots of things like BTC.D, Bull market percentage and key large caps pumping along...
Lots of stuff in here: Accumulation-Distribution Bubbles Gaps Untested areas Volume profile and many other things... Both describing what could lie ahead as well as talking about lots of interesting concepts and phenomena
Summary and additional points: In the video I talk about the current TA and QA, talk about all the narratives as to how we got here, the current landscape of the market and many other things. Bitcoin should be bouncing here but looks too weak. Too many longs... Funding, open interest and premiums agree with that. The market could get to 8400 but that's as far as...
In this post I will explain why there will be another alt season and alts will perform well at some point against Bitcoin. 1. Shitcoins piggy back on Bitcoin's success. For as long as Bitcoin is doing well, people will try to find the next Bitcoin. Many newcomers will feel they missed the boat or they will simply believe Bitcoin is outdated tech. Most people...
Since 1971 when the USD and most other fiat currencies were not linked to Gold anymore, we haven't seen stocks really go up. Stocks expressed in Gold were already up substantially at the time and after Nixon closed the gold window Stocks dropped 95% against gold. Below I have put the DJIA since 1915 and 1971, as these are the best data we can get. The truth is...
The bearish case I see: 1. Too many longs everywhere (Bitfinex, Gate and we can see it on the premiums on USDT pairs and futures 2. Many ALTUSD charts have broken and closed below their 200 DMA, while more alts pop up 3. The altcoin bubble hasn't fully burst yet and that is a negative for Bitcoin 4. CME gaps below 9k 5. Double bottom at 9.1k 'wanting' to be...
For those that are following me on Twitter or Tradingview, you probably already know what I've been saying for some time. For those who don't, below I have all my recent ideas on Bitcoin, Altcoins, Central Banks, Bitcoin, Bonds, Gold and Stocks. Here are some key takeaways and updates Split your assets into USD, JPY, Gold and Bitcoin. For more risky stuff short...
We live in an era where everything is in a bubble. In bubbles people buy stuff not because they provide value, but because they can quickly find a greater fool to sell it to them. It is the point where everyone is buying because others are buying and want to make easy money. Money without doing any homework, without a plan. As a trader and investor you keep...
At these levels Bitcoin will have to act soon. It had a TD 9 on the 1h and right now the fractal looks extremely similar. However there are some difference between now and then: The funding rate is positive and going up. Premiums are still quite high (both on USDT pairs and derivatives), while the L/S ratios are about 2:1-3:1. At the same time volatility keeps...
Yesterday and over the last few days I have mentioned a few things that had me worried. Let's go through them as they really matter (most charts, tweets and past ideas will be at the bottom): The CoT report from CME showed that on July 30th (released on Friday 2nd), institutions had been positioning themselves long (sub 10k) while retail traders positioning...
One thing I've definitely regretted was closing my shitcoin shorts. They've all outperformed longing BTC and they seemed less stressful... So far I've been unable to clearly understand whether this is good or bad for Bitcoin. They are seriously crumbling and there are too many longs open. Personally I am of the opinion that overall alts are a net positive for...
Against the Swiss Franc which is also a fiat shitcoin, the USD fell 84% from 1971 to 2011 (40 years). Just by looking at how much it fell compared to Gold from 1975 to 2011, the USD lost 94% of its value. (1/XAUUSD = USDXAU) The same and worse holds for most fiat shitcoins right now. As for Bitcoin and USD, Bitcoin came into life when the USD restarted its...
From now on most analysis will be shorter, whereas longer analysis will only come when there are several important factors changing. Will try to do these daily and put intra day updates on each analysis Bitcoin remains bullish. Yesterday the SFP started looking bad as things had gotten a bit out of hand by Bitcoin rising for 8 straight days and being up 35% off...