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...
This is really just for fun, and for my own personal record. But...let's take a look at these two charts. Based on what I'm seeing, I think there's a chance we see a massive shift in the crypto market soon. You can see that Bitcoin Dominance looks relatively bearish, having failed to reclaim the 200 weekly Moving Average, with the 9W MA crossing down over the 50...
Quick XRP/BTC chart. It's been a while since I've done one of these. The risk/reward is pretty extreme right now, on both sides. I think XRP is well-positioned to provide some liquidity relief from a stressed banking system. Based on speculation alone, I can see it doing well under certain conditions. However, the community is damaged and the potential for XRP to...
I apologize for not posting as frequently or providing more video updates on the crypto market. I've been incredibly busy with moving and dealing with fallout from the virus, as I'm sure many of you are as well. Before I delve into the analysis, I'd like to take this time to talk a little bit about why I think TA is so fascinating. Some may say that yes, it can...
Well well well, it appears that crypto has yet again failed to begin a "proper" bull market, despite many indicators showing that we could be seeing one emerge quite soon. Unfortunately, I was incorrect in my assumption that these moving averages would hold. I did say recently that I expected more consolidation, to give them a chance to catch up, but this wasn't...
Here's a comprehensive update on the crypto market. Here, I talk about stocks, the USD, Bitcoin, Ethereum, XLM, XRP, NEO, LINK, XTZ, LTC, and Bitcoin dominance. Enjoy! This is not financial advice. This is for speculation, education, and entertainment. -Victor Cobra
In my last fractal update, I talked about how we could see continued upside for stocks, but that the top was likely close. I also called the blow-off top well in advance, showing that 30,000 would provide the most likely area for the rally to stop. Guess where we topped out? Very close to that number. Often, we find that true tops are reached in anticipation of...
I've written at length about how I feel about the stock market. I've talked about how price action closely resembles the years leading up to the Great Depression, and I've also discussed why I think a large crash needs to happen in order for some structural changes to be made. Here are a few of those posts: Where I called a potential blow-off top: Where I...
In my last analysis, I suggested that crypto was entering a correctional/consolidation period, and that the $230 Billion level must be held for the picture to continue looking bullish. So far, we have corrected precisely to that level. This was essentially the maximum pain I was expecting, if we are to remain in bullish "buy the dip" territory. It's certainly not...
Finally a video update! Hope you enjoy. Discussed here are Bitcoin, Ethereum, Dominance, XLM, XRP, NEO, VET, and NANO. My general view right now is that some consolidation is needed. We can move sideways and slightly down for a number of weeks without ruining the current bullish picture. This is not financial advice. -Victor Cobra
My previous posts on this subject were much longer, but I'll keep this short and sweet. You can check out my other posts (linked below) for more in-depth analysis and my overall perspective. I actually DID NOT want to see the stock market continue up here. It's just further confirmation that we're still following this fractal from 1929. I drew the yellow...
It's time for an update on the current situation with the crypto market. Recently, I've speculated that many cryptocurrencies would be about to begin their first major wave to take them out of the bear market. In 2019, we saw Bitcoin already come close to exiting its own bear market. However, many altcoins suffered during the same time period, proving to us that...
Finally, I was able to record a new video analysis of the crypto market. Hope you enjoy! This is not financial advice. This is meant for speculative and educational purposes. -Victor Cobra
This is a short and simple post. On the left is the current weekly chart for the total cryptocurrency market valuation in billions. Support and resistance levels are given, with $230B being the most important level, in my opinion. You can see why if you zoom out. If you look closely, you can see that we just had a DOUBLE bullish cross. What does this mean? Both...
Hey, it's been a while. As I mentioned in my last video, my life has gotten extremely busy, so I haven't been able to consistently update on here. I've created enough content on TradingView in the last year to the point where I don't think it's really necessary for me to update as frequently. I really like to focus on those larger timeframe moves anyway. Whales...
Here's an update on my VET analysis. Originally, I made a post showing that VeChain could make a move like XRP in 2017. This was when VET was still near $0.004. Since then, VET doubled and got rejected near the major $0.01 resistance, only to continue forming a downtrend (orange). It has just recently tested this downtrend again, further confirming it as...
Here's a summary of what's going on in the crypto market, of the coins I'm currently observing. In the beginning of the video, I explain that I'll have very little free time in the upcoming weeks, so I apologize if my updates aren't that frequent. In this video, I discuss Bitcoin, TOTAL, TOTAL2, BTC Dominance, ETH, XRP, XLM, NEO, LTC, and VET. This is not...
Here's an update on Litecoin and the rest of the cryptocurrency market. My views since August have remained pretty consistent, in the sense that I did not expect Dominance to make a new high, and I also expected the $40-50 zone for LTC to hold. Bitcoin's little cousin dropped briefly below $40, but was bought fairly aggressively. My call was for Litecoin to head...