Since my last post, the cryptocurrency market has continued to charge along without making any extensive correction. Even if the market is entering a new bullish cycle, it's important to remember that harsh 30-40% corrections can occur at any point. Right now, both the total market cap and the total altcoin market cap are in really tough resistance areas, as...
It's been a while, Nando. Good to see you. Now, what do we have here? A breakout from a VERY long downtrend channel, followed by consolidation near $1.00. NANO has lagged behind the market a bit, but I have a feeling it's still on many people's radar, considering it has actually held much of its gains from 2017 (still 100x up, which is more than Bitcoin). Many...
Interestingly, nothing much has changed since my last update on this study. This is despite the fact that the market experienced a massive liquidity/shakeout event on March 12th, 2020, due to the coronavirus panic. Even though I've been posting on here less, it hasn't impacted the accuracy of my analysis. In fact, if you go through my last two pages of recent...
But...what about global markets? What about literally everything humanity is facing right now? Isn't the stock market going to enter a Great Depression? Charts look too good to be true, until they don't. It's been a while since I posted an analysis, mostly because I'm busy, but also because absolutely nothing has happened in this market over the last several...
Here's a quick Bitcoin update. I was fiddling around with my charts today, since obviously price action has been quite lackluster for Bitcoin over the last couple of months. Again, this is something I talked about even before the summer began. I suggested that the market could move sideways for months, during which some alts could do well, considering the...
It's been a while! Here's a comprehensive video update on the crypto market. Mentioned are BTC, ETH, XRP, ADA, XLM NANO, VET, LINK, and Bitcoin dominance. Hope you enjoy! This video is not meant to be financial advice. It's for entertainment, education, and speculation only. Thanks for watching. -Victor Cobra
At the end of 2019, I created a study showing the relative performance of certain altcoins, to see if it would have any impact on future price potential. Lo and behold, VeChain has moved up by over 100% since then, while Waltonchain has dropped by about 30%. Indeed, the study predicted that VET would perform better, and that Walton would continue to make new lows....
Hey everyone, it's been a while since I actually posted a shorter-term trade setup. I've mostly been focusing on analyzing the crypto market as a whole and trying to figure out the overall direction, as well as the philosophical implications of current price action. Right now, I'm feeling mostly neutral on the market, hence the trade setup in both directions....
Hey! It's been a while. In this video, I cover Bitcoin, BTC Dominance, Ethereum, Stellar, VeChain, NANO, and Cardano. I'm striving for quality rather than quantity at this moment. Please check out my other recent ideas, as they also confirm my current views to an extent. This is not financial advice! This is my view on the market at this time, and represents my...
I haven't done an extensive written post on the market in a while. Now's a good time for me to get this out of the way, as my schedule is about to fill up again. Back in August 2019, I called the bottom for ETH/BTC and perhaps a major top in dominance: In January 2020, I also made an effort to call the top in Bitcoin dominance and a bottom on the ETH/BTC ratio:...
Finally, a new video update. Here, I discuss Bitcoin dominance, Bitcoin, LTC/BTC, XLM/USD, NEO/USD, ETH/USD, and XRP/USD. Hope you enjoy! This is not financial advice. This video is meant for speculative and educational purposes only. -Victor Cobra
It's true. Here's where I called the bottom in early 2019: Here's a pretty decent projection I made in February, 2019: Also nailed this one: Here's where I called the top in June, 2019: Here's where I called the bottom in late 2019. Unfortunately, I didn't initially forecast the following move, but I did suggest that a breakdown of certain levels could...
What a dead looking chart, right? XRP has basically flatlined for months, just above an enormous (and important) demand zone. The ultimate oscillator (red) recently crashed below all potential supports, without price breaking down at all. This can indicate either incoming weakness or a sudden loss of selling momentum. In either case, I expect the move will be...
Although crypto and stocks have moved together a handful of times, we can see a divergence on this chart. The Dow Jones made a lower low while the cryptocurrency market valuation made a higher low in the same timeframe. Additionally, after the bounce, cryptocurrencies are now higher than they were at their low point in December, 2019. Stocks are barely above the...
Hello! I'm finally back with a video update. It's been quite a hectic month. Not only because of the coronavirus, but because I moved at the same time. Things are still uncertain of course, but I have a little more time on my hands. I'm glad to produce this update, since I had fun with it, as you will see. Mentioned in this video are Bitcoin, Bitcoin dominance,...
This is just an exercise. I'm not even assuming here that there will be another cryoto bull market. I'm just showing what I think different market participants are doing at each given point in this current "cycle." On this chart, the yellow is Bitcoin, blue is Bitcoin dominance, and orange is TOTAL2 (altcoins). The market is in a long consolidation period....
I've explained why I expected a market crash to occur over and over again during the last year. I'll link those posts at bottom. One of my reasons was the "Great Depression Fractal." This is why I've included the Great Depression chart on the left in this post. It's funny how I kept talking about another Great Depression, well before anyone was putting forth the...
This is just a separate post showing an idea I've been throwing around for the last couple of weeks. I noted the possibility in one of my recent writeups, but it wasn't very visible. Anyway, I'm seeing a lot of posts on here about the next wave down to 1.3K or at minimum a retest of the 3-4K zone. Even the bullish posts show pretty limited upside. This is why I'm...