Coinamic

Coinamic

Last waves from the previous resistance at 5800 has been astonishing, Bitcoin has been cutting every resistance like butter, awesome. Now looks like we are getting back to 2017 euphoria, just this time small market caps Alts are not doing really well. Have a look at coins like PPT, NPXS, NEO, etc, looks like they are dying, and that´s actually really good for...

Coinamic Updated 

After weeks talking about the latest pump, the time has finally come, this uptrend is done. Alts market is definitely weak which is a good indicator of the pressure health. Alts had an excellent month during April, the overall sentiment is just about to change, have a look at the Total Market Cap and see how close is the trendline that gave support to the whole...

Coinamic Updated 

Sometimes we need to see things in a new format to feel it from a different perspective. As much I research about Bitcoin being bottomed out in December 2018, much arguments I find that tells me that I have to be careful. So, this is not a FUD or pessimistic post, this is just information to be shared with you guys, so any of you together with your personal...

Coinamic Updated 

“History doesn’t repeat itself, but it often rhymes”. We can apply this quote often attributed to Mark Twain to see a parallel between the May 2018/May 2019 fractal and what happened with Mt.Gox and the current situation in Bitfinex. Although the fractal is displayed in different time frames (2018 is 1 day and 2019 is 3 days) the pattern is exactly the same...

Coinamic Updated 

Bitfinex has denied all the accusations and just for now the Tether mess could be away, that´s doesn´t mean things could get real ugly in the medium term, and is not the first time that Bitfinex is being sued. Certainly the 20k hit was due to a extreme manipulation by Tether and that´s what it caused together with another factors this nuclear winter. Perhaps if...

Coinamic Updated 

Bitcoin reached 5640 and seems that higher highs are coming. Shorts increased during the last days while longs decreased, not extremely relevant but something to look at. While shorts are increasing the price is increasing as well, shorts with more than 25x are getting rekt, while orders with lowers leverage will hold the increase in price. So larger operators...

Coinamic Updated 

Bitcoin is here to stay, that´s my believe. A huge global financial fatality is coming, the mother of the bubbles, the Bonds, is ready to burst. The 247 trillions global debt is insane, governments, banks, corporations, and individuals are borrowing at a rate that they may not be able to repay, or only pay the interest of these debts. Developing countries, which...

Coinamic Updated 

Network Value to Transactions ratio measures the dollar value of crypto asset transaction activity relative to network value. This is a simple way to compare how the market prices one unit of on-chain transactions across different networks, together with Ichimoku are the only indicators that anticipate what´s next. A professional/institutional trader in Bitcoin...

Coinamic Updated 

A few days ago I published a chart where I talked about the ABC correction that Bitcoin is making. Finally is taking longer than expected, but the levels remains exactly the same. Bitcoin needs to keep levels above 4600 to see another wave up, lower than 4500 means high danger. My overall plan still is the same, correction down and super wave up, the targets are...

Coinamic Updated 

Bitcoin may be making a healthy correction which will last longer than expected. If the triangle where the price is trapped get broken to the upside with a wick above 5250 the correction is pretty much over, but what it looks is a triangle wave 4 before the last wave 5 down making what it could be the first impulsive wave of a corrective ABC from the last high at...

Coinamic Updated 

We are inside of a rising wedge that is lasting way too much, while there is a clear bearish divergence, the ADX is entering a no fuel territory plus the momentum is getting away. If you add that Bitcoin did the best performance in almost a year from April 1st and still have all the necessary to continue growing, the answer is that a corrective wave is...

Coinamic Updated 

First of all congratulations to all my Telegram subscribers, we had an amazing day trade yesterday, with fat profits in XBT, LTC and EOS. In my last idea I talked about a retrace to 4600 and how I was waiting to send the signal until things were more clear. I finally send the short signal at 5250 as well as other shorts at higher prices in LTC and EOS. My vision...

Coinamic Updated 

Unless we see today new highs, my vision is that this pump has come to an end. Although I have not sent the signal to my private group yet, I opened a small short position right from this point which I may close if we go up at around 5200. The thing that we closed yesterday daily candle above 200 EMA is not meaning that we have left the bear market at all....

Coinamic

A few days ago I talked about how good April is going to be for Litecoin. My target was of around $82 and we have reached $84 already, way before I expected. Bitcoin has made a huge green candle up to 5100 in major exchanges and is facing now what it could be the beginning of another big and last impulsive wave down. I´ll talk later about how I see the market in...

Coinamic Updated 

This is amazing, the market is still holding the price at the huge resistance, the top of the triangle where we are trapped since December 15th. While I´m long in some alts, I´m still very bearish on Bitcoin, I just´t want to be short whenever the whales decides that is the moment to dump BTC, and that moment is getting closer day by day. Bearish divergences all...

Coinamic Updated 

A few days ago I published an idea talking about the LTC retracement taking place, the days are passing and the price is going further in my direction. The retest of the channel is inevitable if the price wants to continue inside of it, so I consider this correction a very healthy movement. But could really LTC go towards $80? Absolutely, in my opinion April could...

Coinamic Updated 

So the market keep trapping us again. Talking with my fellow buddy the trader Magicmark, he showed me something that I did´t see yet. Many says it goes to the moon, others that is totally crashing, and a we think that this is a summer 2018 déjà vu. In speculative markets, patterns repeats all over the history since those patterns are created by human emotions, do...

Coinamic

We created a pennant within the big triangle. Looks like the price will play around the pennant for a couple of days and after that could break it down looking to touch the base of the big triangle. This big triangle actually look more like a rising wedge than anything else, and you´ll know what happens when a rising wedge is formed after a big long term...