Where next? This Bitcoin rally has been completely face-melting, but prices are still only up around 2x from the previous all-time high. In 2017, Bitcoin rallied about 3x from its final correction off the previous ATH. If this happened again, we would see $48600-50000 before the first severe correction of this bull market. But this rally has occurred relatively...
Over a year ago, I made a bottom call on Stellar, and also made a follow-up. The targets haven't been reached from that original analysis, but the bottom price range was accurate. I've recently talked about XRP and XLM. This post focuses on these two coins. Here we have two coins that have remained somewhat correlated over time, although XLM also performed...
NANO has taken 4 months since my original post to start making some new highs, and 7 months since the break of the long term downtrend. Not what I was hoping for originally, but there just wasn't enough interest in the crypto market at the time. Here is the original post from August: Since then, WeNano has exploded in popularity, and the fast, fee-less...
Hey everyone! Time for a new video idea. Here, I talk about my own personal thoughts and opinions. I also discuss price analysis for Bitcoin, Ethereum, Litecoin, XRP, XLM, and briefly BAT and LINK. There's more I want to talk about, so I will be making a part two! Stay tuned. This is not financial advice. This is purely my opinion and should be used for...
Part 2, as promised! I talk about LINK, TOTAL, and TOTAL2 in this video. I also ramble more about the philosophy behind crypto and my opinion on the current market state. I mention that I think this could already be a final bubble phase for the market - considering how overextended Bitcoin is on this rally, with altcoins underperforming. No one...
In my previous XRP analysis, I timed a trade right before the breakout of the long term downtrend: In my previous ETH analysis, I said it could hit $700. The parabola I drew broke, but it came close: The last time Bitcoin broke its all-time-high, altcoins began outperforming Bitcoin. In fact, many outperformed Bitcoin until the end of the bull market....
Everyone starts to go a little nuts after the market heats up. Traders act on impulse, trying to catch the big retrace or the next big move, only to realize that the market is beginning to range, and will not continue straight up. It appears many posts on TradingView right now are anticipating some sort of large move in the near future, but it's very possible they...
It's been a while since I made one of these! Please enjoy! This is not financial advice. It is meant for speculation, entertainment, and education only. For more ideas, read my recent posts. Press play on them too, it's fun :) Here are some recent ideas for easy access: My market cycle phase chart (might need to be revised soon). According to this, we will be...
Good day everyone. I am continuing to make an effort to "map" the cryptocurrency market cycle through phases, represented by boxes on the above chart. These phases are determined by the interplay between Bitcoin and the rest of the crypto market during the previous cycle. In my last update, I suggested that perhaps, we were about to enter Phase 3. However, it took...
A while ago, I showed how Litecoin could simply flatline for a number of months while Bitcoin moved. This was based on the previous cycle. Here are those two posts: And Although the future seems somewhat grim for alts at the moment (see one of my most recent articles), Litecoin has an opportunity soon to break out and breathe some life back into what appears to...
Just a quick long trade idea. Haven't done one of these in a while. Bitcoin dominance is looking a bit overheated, while Ethereum seems into be in a re-accumulation pattern. We can observe higher highs and higher lows on the daily chart as Bitcoin has rallied above $13k. As long as the market holds here, I am targeting the $600-700 range for Ethereum, not seen for...
I'm also going to post this trade, because why not? I'm trying to get a handle on futures and develop a strategy that works well for me. Not risking a huge amount (some of you may know, I'm not much of a day-trader). But it's getting to the point in the cycle where trading some small portion of my portfolio may not be a terrible idea. TOTAL2 has held the 100d MA...
This post might be stating the obvious for many (particularly Bitcoin maximalists), but I find this very interesting. Recently, I've begun paying more attention to the relationship between cryptocurrencies and the U.S. Dollar. In studying this relationship, I've had to rework some of my initial thoughts. It's not quite as simple as, "USD go up, crypto go...
Back in 2019, I made an attempt to call the long term top in Dominance. So far, I've been correct. Here's a quick update on what's happening. The recent downtrend (yellow) has clearly been interrupted. As Bitcoin moves up here, it's important to pay attention to dominance. Altcoins have barely budged. Sometimes this is a bad sign, but in this case it could also be...
What??? Victor Cobra is now bullish on the stock market? Yup, well, the jig is up. Because the initial crash was caused by a global pandemic, it has forced continued loose monetary policy and dollar printing to keep the desperately struggling middle class from descending into chaos. Issues which were present before the pandemic are now becoming too obvious to...
If you recall, I made a post back in April, calling for Bitcoin to reach $10-12k prices rather quickly. This happened, though the top cryptocurrency has surely taken its time. Here's the original post: I'm mostly putting this chart here for future reference. No in-depth analysis this time. The last time Bitcoin closed a daily candle higher than $12920 on...
It's been a while since I've made a longer written post. Unfortunately for those of you who like reading, I'm keeping this one short. I do have my main market cycle chart with the phases numbered, but this view also includes DXY (the USD currency index). This is color coded as follows: Lines - Pink: DXY/USD Yellow: BTC Blue: BTC Dominance Boxes- Teal: The...
Finally, I was able to make some time to create a video update. I didn't get to cover all the coins I wanted to cover, since there were some other things I really wanted to talk about. I was only able to cover Bitcoin, Ethereum, XRP, and NANO, but I talked extensively about the market from a philosophical standpoint. I also used analysis to re-affirm some of my...