Will update this periodically. Originally I was long, but now there is some evidence I will put together for you guys.
We will find out shortly. The bear case: Coin goes to zero, after the US authorities pull on some threads and we unwind some massive criminal activity between the inner dealings of DCG - GENESIS - COINBASE - SILVERGATE - FTX - etc etc etc.... The Bull case: The bear case above is the overhanging Fear Uncertainty And doubt which is being amplified by the market...
I think it is time for specific alt coins to catch up. until we break out in either direction, were in a channel, sideways, foreverevereverver
This could have a big narrative in the future, if regulation proceeds as it has been, with everything other than Bitcoin being a security, then BCH could replace ETH. This chart looks bottomed... double bottom in place, historical low trading range, worth a shot IMO. I bought some. Stop loss is pretty easy to have here, if we start making new lows then just exit.
The narrative is that CHATGPT will be able to compete with BARD on my HOMEPAGE for FREE. As long as BARD is of similar nature and quality to ChatGPT, then many people will simply use it due to convenience. Anyway, as for the technicals. We have a clear adam and eve bottom here. I suspect we just go to all time highs. None the less, I can see a scenario where...
I am 100% allocated to cryptocurrency right now. I have been adding whenever I can. I am willing to be a bag holder, I do not have debt, so I will not have to service interest if we go into the most anticipated recession ever and rising rates. That being said, I feel the opportunity here is to the long side. I seem to be better at picking tops than bottoms,...
This weekly candle should close much lower with a large wick left behind. Last hope for bears IMO. Cannot discount this.
This thing has been beaten heavily into the ground. Cathie is often mocked, but I can think for myself and I hear what she is saying loud and clear.
S&P500 has never broken the 786 of its prior "bear market rally" without continuing to new all time highs. Back tested it. Feel free to do it yourself. It will barely breech the 618, and many times even lesser retraces, if it is to continue lower. The only Occurance I have found was Monday December 2nd 2002. Which the rally hit the full retrace of its prior...
I dont have much to say about this... All other companies which entered a correction went down to roughly their 2017 levels, I see no reason why this scam wont, and on top of it they are a representation of the country which is helping Russia in the Ukraine war.
Is it really different this time? Are we going to go to the mooooon? or are we going to the good ol gutter?
Weekly timeframe RSI reminds me a Lot of Coinbase before it mega mooned. In the context of the monthly timeframe, look where we are, all time lows. and bullish DIV on the MACD. I don't know anything about this stock, just looking at the chart.
Yet it needs to find more weakness before strength. RSI is not yet oversold. Descending triangle continuation pattern on chart. Im sure there's more but that's enough for me. Almost all asset classes seem to have bottomed, except for the ones which did well last year, those may be in pain.
These are the levels I am looking at. Take profit 1 2 and 3. This is in relation to the Wyckoff accumulation case I made at 32 dollars. (search my history for it)
The time to enter was on the 2nd low. People who are in, congrats. Looking for new all time highs soon.
I just cant be bearish here.... its so beautiful. What do you guys think?
Looks like CAD is on the path to REKT. I will be looking to buy some loonies soon, though.