So we've gone back to the future with a little help from the UST crew and it happened sooner than I'd expected but let's look at some very simple facts . . 1. Do you really think the central bankers of the world are just going to sit idly by and let "the people" control their own financial destiny with decentralized mechanisms that they can't easily extort? 2....
That was a pretty gnarley selloff and came earlier than hoped but if you had at least one short bag then maybe you added some stablecoinage to your nut on the cover bounce? but obviously not UST. These are treacherous time for crypto speculation and the dark pool whales have plenty of muscle to shake most weak hands from their stash. Some things to consider as...
Just some simple T/A here on this, no real fundy's or info to share there but it's O&G which isn't going away just yet. Some key notes : I like this for the cup & handle 1st stage breakout characteristic but these OTC's tend to do pretty deep retracements. We TP'd a small 30% profit as the right side of the cup shaped up nice and peaked. Cup & Handles...
I'm breaking TA rules here and using a fork in a slightly improper way I know, BUT, "Trust me bro, I've made bongs with less" . . Bonus points if you get the vague movie reference (I don't actually "toke up"). Getting down to business here, just look at the conformity and the historical Golden trendline. We may not be able to short this beauty at the mid-line BUT...
What has opposable thumbs and likes scalps? THIS GUY! Seriously though, just gonna drop some hot spots on ya. The up-fork has stolen the show so far but again, this is a game of composites and spreading risk across some kind of a Dollar Cost Average (DCA) strategy. I like XRP for long and short term strategies. I keep a long cold bag from $0.20 that just...
Remember Jackass back in the day? The ol' Bunjie Wedgie? Well here's the blockchain version of that . . Key notes here: 1. Bitty is in a falling wedge which classically breaks to the upside . . HOWEVER . . Bitty is schitzo and always does the opposite so you do the math 2. Sell in May / Go away Wall Street dicks need to vacay in style so they won't let dear ol...
No shame in taking some off the table especially with a 35% gain. Some notes on XLM : Central banking in Ukraine adopted XLM some time ago, well ahead of the latest eastern European shenanigans It's an ISO 20022 spec coin, might wanna look that up ;) Great utility, fast, cheap and wallet support galore I like it haha So check out the OBV, and...
These bottom wicks are pretty consistent when it comes to engulfing price action. Expect that area to fill. Lotta salty bulls right now and I hate to pour more salt but it is what it is. * * * Not Investment Advice * * *
They say "hell hath no fury like a woman scorned", (a misquotation from English playwright William Congreve (1670-1729)). Had XRP been around during those times, Mr. Congreve would probably have used her as a focal point for unbridled and reactionary contempt instead. Long or short, the probability of getting rekt is quite high with XRP but if you understand what...
They're not gonna let this dog down without a fight. Even with net inflows of BTC and ETH to exchanges, massively over-leveraged longs and huge amounts of BTC held underwater. Probably a short but sweet bounce here within an outer downtrend. * * * Not investment advice * * *
XRP is the Mavericks of crypto and you don't just paddle out into the swell thinking you're gonna charge into glory. Going over the falls or getting the eternal hold-down is the fate of many who don't respect, or understand what it is. True DeFi is a noble vision but as some have said "they will roll out their tanks" before they let us have our own currency. It's...
According to Glassnode, there's roughly 4.7M BTC held at unrealized losses. People are so over leveraged it's not funny. I'd say bulls have a seriously hard road ahead, at least in the short term and that chart does NOT look good. Stick a fork in it my dudes. * * * Not investment advice * * *
I'm a big fan of the Gartley pattern of harmonics. Drop one of these over your fav altcoin and see if it jives. I'm currently looking at one on XRP. Let's see if this has wings . . * * * Not Investment Advice * * * and DYOR Good luck!
I don't post a lot on the bulwark of crypto but I needed to spruce up the chart a bit (too many trendlines, supts, rest's). Came up with some reaffirming notions on direction, given market sentiments, Fear & Greed, trends, etc. These are my current observations, considering the state of TOTAL3, SPX et. al., I still can't see how holders avoid selling into the...
"Trust me bro, I've made bongs with less" ~William Baldwin | Half Baked (since nobody got the last reference) We're using the pitchfork in a slightly inordinate way but sometimes, you have to look at channel conformity and if it sticks, go with it. After all, you can drive a nail with a wrench if the last guy forgets to put the hammer back in the box ;) Not...
You'll find more gaps on this thing than in the waiting room of a free dental clinic in Appalachia, sorry Bitcoiners . . is it alright if I call you guys Bitcoiners? Okay okay, I'm running on zero sleep and a bit punchy, no hard feelings, just letting you guys know what's on deck with this modified Cup & Spatula slash Atomic Bungee Wedgie Pattern. Not investment...
Always DYOR and understand the dynamics of these OTC stocks (known for pump & dump) but the fundamentals here are what will ultimately drive Sunshine Biopharma to return to it's formerly glorious highs but for now, it's relegated to the fractional levels that we see. On it's face, it looks like a no-brainer . . company shedding debt, increasing earnings (still no...
There could always be more pop but take a look at OBV as the big fish sell off onto the noobs. Look at my idea on TOTAL3 and see that we're probably going to resume the downtrend as we fill the bottom Fib channel down there. Maybe Bitty has a few more kicks but markets at large look terrible and there's a massive bearish engulfment on the SPX monthly. Sorry bulls,...