I'm short ADA, looking to catch a 50% downturn. Cryptocurrency markets are white hot, trading in maximum fear. We are in the late stages of the cryptocurrency liquidity crisis. I expect cryptocurrencies to sell down only until a Ripple / XRP settlement is announced between now and March - June 2023. This announcement will begin Bitcoin's bottom formation. I...
Cryptocurrency exchange and stablecoin providers Binance (BUSD), Tether (USDT), and Tron (USDD) are experiencing massive liquidity outflows as investors are rushing out of unregulated stablecoins and into Circle's FDIC-backed US Dollar Coin (USDC). This massive liquidity movement was spurred by Charles Hoskinson's recent Youtube livestream recorded on...
Sunday (10/23) saw large cryptocurrency price squeezes as investors sought to pump the market up in preparation for a big Monday dump. The time to short is right now.
Bitcoin has moved in a clear downtrend since mid-August. Investor panic increases sharply every time Bitcoin enters the $18k range. When Bitcoin eventually (inevitably) breaks $17.6k , this may result in a quick crash to $14k - $12k . As the 'Everything Bubble' pops and the global economy enters a recession, the cryptocurrency market is experiencing a complete...
The outlook is bleak for Generation 1 DeFi governance tokens such as MKR and UNI. Regulators are coming for Ethereum DeFi protocols. Governance coins that are caught in the storm will reach dirt-cheap prices.
MATIC's 4-hour chart shows that cryptocurrencies have moved in a massive bear market rally since forming a local bottom in June. I've been shorting various cryptocurrencies for all of September and October, waiting for round 2 of the Great Cryptocurrency Collapse . Don't fall for the sucker's rally! Round 2 of the crypto bear market begins now! Bitcoin's...
The previous bottom and the 200-week moving average (blue) may soon flip into resistance.
This coin has been liquidating me for the past week. I think it has finally topped. Short tf out of this one.
If the predicted crash reaches percentages equivalent to the previous crash, then DOT will bottom support at the low $3 range during November.
Lower highs, lower lows on the 8-hour chart. Looks like crypto wants to break the lows.
Seeing some warning signs that a crash may occur. Overall, I expect Bitcoin will stay rangebound its bear trend that began in mid-August.
This will be invalidated if the Fed raises rates by only 50 bps
Bitcoin's bear market reflexive rally ended when BTC briefly reached $25k on August 15th. Since then, Bitcoin has dumped >17%, forming a local bottom at approximately $20.8k. Over the weekend, Bitcoin received a very weak bounce. BTC price was ultimately rejected at the 0.236 retracement (very bearish). Bitcoin's downtrend remains intact. $20k may break this week.
Ethereum's current rally appears similar to 2019. Multiple technical and fundamental indicators are signaling ETH can reach over $3k by the end of September. FUNDAMENTAL BULL-CASE Decreasing Fed aggression : Markets interpreted the previous FOMC as representative of a decrease in Fed aggression. Subsequently, markets have lowered near-term rate hike...
I expect FOMO will increase dramatically after Ethereum crosses $2k. The double bottom formation shows dips are being bought, so a move above $2k should occur soon (over the next few days).
The pain trade is still upwards. The media is still too bearish and there are plenty of short liquidations to plow through. Time to buy the dip and ride the trend past $2k.
Last night's rally: "the cryptodickbutts rally." We are currently in altcoin season. It will last until at least next week. decrypt.co www.blockchaincenter.net
If $9 holds as support then UNI has legs to run to $10 - $12. UNI is also approaching the 3.618 Fibonacci circle pivot point . The circles are projected from the length of Wave 3 . Crossovers typically lead to big moves! Let's goooooo