This is a video follow-up from an analysis I did last year. I also speak a little about Bitcoin dominance and Litecoin. Hope you enjoy! The original analysis is linked at bottom. This is not financial advice - this is meant for speculation and entertainment only! -Victor Cobra
I'm back with a NANO update. I first called this breakout in August, 2020, but NANO stagnated for a while, really testing the patience of holders. I know many exited during this period, giving up entirely. Here's the original analysis: Nevertheless, NANO has made its way up to some of my bullish targets. I spent a while accumulating this one, so it felt...
Just a quick look at one of the other alts I've been following. NEO has underperformed a bit - somewhat similar to Litecoin, but it's pushing up against a major historical resistance level. This was the level that was tested on the first dump of the 2018 bear market. A lot of other alts from this period are retesting similar levels (including LTC). The following...
Seriously congrats to all the VET holders who stuck it out through the bear market. Since the bottom on March 12th, 2020, VET has gone nearly 70x in value. It is performing in line with some cryptocurrencies from the fabled 2017 crypto bull market. Believe it or not, I called ATH levels for VET well over a year ago, when I felt it was undervalued when compared...
Finally, it appears as though Litecoin wants to make an attempt at breaking the heavy $240-250 resistance zone. In my last analysis, I presented the possibility of hitting the top of the broadening wedge and the $250 level. It came just $2 shy. In the past, I've been pretty good on my Litecoin calls. Here's where I speculated that LTC could be a leading indicator...
This bull run has already been quite insane, especially for Bitcoin and certain altcoins. But what about the big cap cryptos, like XRP, ETH, LTC, and XLM? The market loves liquidity, and the biggest gains with the most liquidity will come from the highest volume coins. I don't mean the highest percentage gains. I mean the most amount of total profit for whales....
Well well well, at this point, everyone is probably losing patience with Litecoin. But selling now might end up being a huge mistake, even though I am also tempted to do so. I even feel like there are some other coins that could provide better opportunities for the final leg of this bull market. Nevertheless, I'm holding this as a trading position, with the sole...
Hi everyone, it's been a while since my last video! Well, here you go. Silly accent included. This is not financial advice. This is just how I'm seeing the market right now, and it should be taken purely as my opinion. Please consult a professional advisor and/or do extensive research and planning before making any investments! -Victor Cobra
After reducing my crypto risk and securing profit, I decided to add a small URA position. This is a long term swing trade opportunity, similar to the opportunity I saw in GME (which I regrettably didn't take). However, I DID post about it, and why I thought a short squeeze was possible. I thought it could squeeze to ATH , but I wasn't aware of what was happening...
A lot of stocks are booming. Big tech has seemingly been on an endless uptrend, as society has become efficient to a fault. We have been struggling with this pandemic for a year now, but we're starting to see some sort of "end" on the horizon, despite a lackluster vaccine rollout in many places. Once things open up again in places hit hard by the pandemic, I think...
If the fractal continues to closely repeat, the Dow Jones could rise to 50k and then drop to 5k, all within the next 5 years! Sounds insane, but people in stocks have seen nothing but gains for the last decades. That's an enormous amount of generational wealth. I like to think of the market as a breathing organism holding its breath for longer and longer. At...
My crypto portfolio has been weighted more heavily towards Ethereum for this bull market so far. This has been good, since it has even outpaced Bitcoin up until this point (when measured by price increase from bear market bottom - now a 20x move, compared with Bitcoin's 15x). My entries were at $107 and $130. I trimmed my initial risk not too long ago, so at this...
I'll begin this post by saying that it's been quite a year. And honestly, I should probably focus a bit more on the things that matter to me - art, music, etc. But it's important to not be too hard on oneself. Markets can be a big distraction and a way of detaching oneself from other things in life. Interest in the market also reflects disinterest in other things,...
Yes, I actually presented the possibility of a massive short squeeze to all-time high levels for GME stock back in October. Here is the original analysis: There were clearly some opportunistic investors who bought the lows on this one and made out like bandits. Unfortunately I wasn't one of them (I made the initial post by request). Even those who bought below...
AMC stock has not been a generator for portfolio growth. With the rise of online streaming for movies (Ahem, Netflix), it has been hard to compete. I studied film for my undergraduate degree - I love movies, but I don't love this stock. That said, it has at least held above the broken downtrend on the current retrace. I have also heard they have enough backing to...
This time I really did sell, and I entered a small short at $39320, with a stop loss at $40300. In my last Bitcoin short idea, there was no bull market, and I was still waiting to accrue some profits in my crypto portfolio. Now that I've reached my first milestone, I just exited some of my spot crypto positions to reclaim my initial investment. The rest will be...
Just posting this chart by request. I've been following GameStop for a while. Michael Burry bought a large position over the past year, yet price continued to head to new lows. Meanwhile, a trader I know made an observation of share price's reaction to major console releases. I was a bit skeptical of the bullish argument at first, but clearly it turned out to be...
Recently, I called the breakout towards $180. I even took a couple of long trades, but took profit early. I hold a LTC spot position from $110 (bought using my profits from XRP), and I successfully traded LTC in 2019 (entering at $32 and selling to ETH at 0.5 on the ratio). Here is my recent LTC trade, where I called the $180 level, and also speculated that other...