Obviously this is a short term bull trap, the similarities are incredible to the last wyckoff accumulation. Recommend opening a limit long at $31,000, with a liquidation below $30,000.
My last long (25X) at $29,000 printed massively, and was closed at $60,000, seeing the same thing here.
My entire thesis is, we’ve been trading sideways since the...
Hello, I think although simplistic, many people are again afraid of a massive H&S structure similar to the May crash, when this looks preposterously easy again to predict as a Wyckoff Accumulation.
On chain indicators are still strong, long term holders are still net accumulating, with a small November 2020 style profit taking.
We still need to see a...
This is pretty simple, I saw there’s an obvious horizontal support line since the second leg of the bull run started out of the wyckoff accumulation.
I noticed both movements up corresponded to a touch point on the horizontal support. That’d mean $51,441 would be the bottom for this current retracement.
I also noticed both touch points then caused a 38-39% move...
So Sushiswap I entered to take advantage of this giant W pattern on the weekly, which should retain the 0.618 fib level and teleport to $16.74; current gain of 64%.
The technicals though look bleak, with 0xMaki leaving his leadership position of Sushiswap, the man who took Sushiswap from a rug pull to a real Uniswap competitor, I think alone has...
Most sticking to just patterns and not wyckoff schematics and on chain indicators will find Bitcoin to be extremely bearish at the moment.
This could not be farther from the case.
Currently, we are completely following the Wyckoff re-accumulation schematic, with this being the creek.
Secondly, the reasoning for what is occurring is supply shock that is being...
So we can see Ren is having large upwards trajectory, with a inverse head and shoulders on the daily, I expect it to bounce off the ascending support line (between the .768 and .618) and head to the 1.618 fib extension.
With Ren’s Arbitrum bridge, value locked and volume all at all time highs, and progress on decentralizing the platform, Ren is primed for...
ICP after it’s dead cat bounce is back to making new lows, last short was a success with a $28 target, now that $28 has been broken, a short down to $10 is in play.
I plan to short down to $1, and see if it is able to hold at that level once the market stabilizes. I do see Bitcoin springing soon, I do not see ICP regaining much other than $28-$32.
As we can see, ICP has formed a new descending channel, as the price approached the former price point of the dead cat bounce, the buy pressure fizzled out very fast. I am expecting a dramatic fall in price here.
Also, I am expecting Dominic Williams, Dfinity CEO, to perform the “badlands” hard fork of $ICP to $BDL for damage control....
Initial recommended short opened at $48 is 26% in profit, with leverage huge success.
ICP still following descending channel, volume is extremely bearish. Looking at a second test of $30, if broken;
TP @ $28.
If liquidation is above $58, recommend against closing the position until $9 (taking a 2X multiple of fake quoted VC price of $4.50, believe we could see...
ICP once again hit the upper boundary, and while Matic, Chainlink, Bitcoin, Ethereum, Fantom, Sushiswap, YFI, ADA, Solana, etc, all are up from 3-7%, ICP hit its upper boundary of its falling channel and is already down 2%, I would ride this down on a great short opportunity.
So far ICP after its 96% free fall began trading in a downward channel, which its respected the upside (tested twice on dead cat bounces by scalpers) and went directly to the bottom of the channel (56% loss). The buyers are not strong support as they’re buying to scalp due to the asset falling 96%, and aren’t long term holders.
The last time the upper boundary...
ICP clearly has been trading in a downward channel on the daily since its 96% free fall, a dead cat bounce occurred to test the upper boundary of the channel, which has been stopped out. Scalpers are clearly tiring out.
With a lack of tech, anti-developer semi closed code base, horrible market sentiment, as well as the team selling 90m tokens and VC’s owning 26%...
As we can see $ICP made a dead cat bounce after dropping 96%.
Dfinity have hired a fact checker,
their nodes can only be bought from Dfinity with absurd specs such as 3.5Tb of NVRam, 500+Gb of system ram, basically enterprise grade servers,
The software is all closed source or Apache licensed,
There’s zero network use (about 0.5 TPS),
Dominick, the founder...
Only 26% circulating supply
VC’s bought 25% of the network in 2018- their tokens are fully unlocked, bought in at a 16 MILLION DOLLAR valuation (public offering 2000X VC valuation)
ICO valuation was $1.89B (Public Offering Price 16X), token unlocks monthly, at a year ICO tokens are fully unlocked (4.75% of the total supply)
Further air drop in 2018 of 1.25% of...
Just have been poking around coins, INJ is my forerunner for good technicals, good fundamentals, etc.
TOSDIS however, has a great upside, and is a rare token to not be RIGHT at launch, but a little after to have some frame of reference of where it can head.
I think this easily has the 100x potential. Small circulating supply, small market cap, big...