Ethereum Classic (ETC) is about to make history with an unprecedented breakout, the likes of which we have never seen before. The price is currently, trading in a diamond formation according to the ETC/USD weekly chart above, which interestingly enough, also forms the core of the Ethereum Classic (ETC) symbol. This diamond formation for Ethereum Classic (ETC) is...
Ethereum Classic is poised for a rally to $20+. Traders selling their ETC to long term investors. This is not a Binance listing or some airdrop, it is Coinbase. When the dust settles, everyone looking at their Coinbase account will see that Ethereum Classic is the cheapest coin out there and so they will fill their bags to ride this one to the moon. Ethereum...
Frankly, I'd say they had it coming. Who in their right mind would short Ethereum Classic (ETC) when it is due for a Coinbase listing, for all we know in the next few weeks?! Just because you saw some whale hammer the price down so they could capitalize on the panic and buy more, you thought it was a good time to short ETC? Forgive me for being a little...
Apparently, Bitcoin refuses to get off its high horse. The price, technically speaking is massively overbought at this stage, as indicated by RSI and Stochastic conditions on the 4H chart. However, the price is showing no signs of a pullback. The wild rally continues as Bitcoin rides on a galloping stallion. With each stride in the forward direction, at its...
Too much optimism and hope in the market for a recovery. Technical indicators don't support this FOMO run. EUR/USD does not either. Apart from that nothing much to trigger a run. Institutional investors? You gotta be kidding yourself to think they are going to buy under these conditions. It was a short squeeze taken too far by long waiting spectators who got bored...
Thanks to bot activity, everything is a boring mirror image of everything that precedes it. The prices action just keeps repeating itself in an identical manner because the bots can't get enough of the barts! So, the price will most likely continue trading sideways till it hits the downtrend resistance line and will then start falling down to a new low at $5,400....
Bitcoin has been following a false hope pattern since the beginning of this correction. The fall has been systemic, such that investors get comfortable at the end of every 77 day interval of correction. As you can see, at the end of every 77 day interval, there is a false hope signal making you believe Bitcoin is about to take off but then again the very opposite...
Make no mistake of taking this rally for a reversal or end of correction. Bitcoin will go down to $5,000 and it will break market structure doing that. This is exactly what happened in 2014. There was this whole debate about whether Bitcoin is following 2013 or 2014. Some said, 2013, some said 2014. Apparently, both events appeared mutually exclusive, but...
EUR/USD is due for a bullish impulse. The next couple of weeks will be bullish for EUR/USD as the US Dollar falls back into place. Oil prices artificially bloated, demand meltdown not taken into account yet. A correction in Oil Prices will pave the way for a weak dollar and strong EUR/USD. Meanwhile, Trump's trade war is dying down as both China and US mull over...
Going SHORT on WEED for now. It's up for another correction. Wait for it. New year should be a good time to buy some cheap weed. Good luck, folks!
Bitcoin bears have been in control for far too long these past few months. Some investors in the crypto community actually think that CME or CBOE Bitcoin Futures had something to do with it, or an exchange hack was behind this prolonged correction. However, the simple explanation to all these speculations is that the price was supposed to correct after such a big...
Past performance does not indicate future results and I agree. However, the difference this time is that ETC is going to be listed on Coinbase. So, if anything, I expect the rally to be even more aggressive. Having said that, this is mere speculation nothing more. The point of technical analysis is to highlight possibilities and that is what I have done. It does...
Ripple (XRP) appears to be on its way to a swift recovery, even if temporary, but it is losing its charm every passing day. When Coinbase first announced its decision to list Ethereum Classic (ETC) instead of Ripple (XRP), the initial reaction was that of disappointment and rejection from most in the crypto community. We even saw Ethereum Classic (ETC) spike up...
This is the one coin in the whole blockchain space (apart from Bitcoin) that I get the most excited about on any positive developments. Why? That is because like they say, "This is the sh*t". If you follow the technical side of things on Ethereum Classic (Github, Trello, IOHK) you'll know what I'm talking about.Tech wise, Ethereum Classic (ETC) has all the traits...
Beware sleeping bears, this will be devastating. Time to get out of Bitcoin Shorts like there's no tomorrow.
Ethereum Classic (ETC) will now be listed on Coinbase. Binance recently added ETC/USDT and ETC/BNB pairs. Whatever happens from here on out $50 or $500, anybody who bought at these prices will be smiling in a few months time. Peace.
Bitcoin has recently developed an interesting pattern of completing a bullish and bearish cycle on the sixth of every month in an alternating order. As we can see in the chart above, a fall is followed by a rise. This has happened twice before and is expected to happen again now on the 6th of June, 2018. This time Bitcoin will finish a bearish cycle and I expected...