Pretty simple. This is my first XTZ chart. I don't own any, but I was explaining to my small group recently that the 1500 level must hold for XTZ to make another move up. This is exactly what has happened. Unfortunately I was busy for much of today, so I wasn't able to post this before the recent price move. On the right, you can see the HitBTC chart with more...
In my last NEO analysis, I suggested that if it broke this downtrend, it could head up to the $32 area at least. That's an important level from the previous bull market. Unfortunately, NEO has taken quite a while to break out, which may limit upside a bit. Instead of $20 being the first target, we must first clear $13.70-$14.00. However, the Ultimate Oscillator...
My crypto analysis was unfortunately interrupted by....something. I was forced to post this. Oh well. Not financial advice. -Victor Cobra **** This is satire.
It's been a while since I provided an update on my market cycle phase chart, so here it is. Back in October, once I saw that growth was slowing down a bit for cryptocurrencies, I drew a speculative curve, to show where altcoins might land on their final leg down. My last Market Cycle update was in video form. You can view that here: In the below chart, you can...
Here's my update on the overall crypto market. Some nice moves today, as we've finally cleared our major downtrends. We want to see consolidation and continuation here, for the bullish picture to continue developing. So far, my recent calls have been pretty spot on, particularly on BTC, LTC, and ETH. Mentioned in this video are: Bitcoin, Ethereum, NEO, XRP, XLM,...
Here we go. This is the last opportunity for crypto bulls who like alts to step up and buy, before Bitcoin dominance attempts to take out the high from September and potentially make its way up to the top of the wedge, and 80% dominance. If this happens, it would mean the death of many more altcoins that can't keep up in USD valuations as the bear market trudges...
Near the beginning of 2019, I made a projection showing that the total valuation of the cryptocurrency market could reach $300 Billion. The market then outperformed my expectations, reaching a high of around $360B in June before dropping. I believe that we've finally seen the extent of the correction now. It's been brutal, to say the least. I think there's a...
Welcome to my first Bitcoin analysis of 2020! My recent outlook, has generally been that Bitcoin is in a bottoming process, along with other major cryptocurrencies. I also believe that if Bitcoin dominance hasn't already topped out, a new high is unlikely to be sustained for very long. In June, I perfectly called the top when Bitcoin was near $14K, and I also...
This chart is pretty simple. I'm not going to go really deep here in terms of why I think this may play out. I'm just noticing a potential pattern and drawing a speculative chart to show what COULD happen if Bitcoin dominance is in a long term downtrend. In the 2016-2017 bull market, dominance only started declining once Bitcoin passed its all-time-high, but it...
In this video, I talk about Bitcoin, dominance, XRP, XLM, NEO, VET, LTC, and the the long term projection. I also discuss why downtrend channels aren't necessarily bearish, and how they are used by traders to forecast reversals. This is not financial advice. Hope you enjoy! -Victor Cobra
Based on the weekly ETH/USD chart, you can see that it's barely holding on to the $130 support level. It's encouraging that we experienced a pretty deep failed low recently, but time is running out for the bulls. The 100w MA (green) is starting to curve aggressively downwards, and Ethereum is trapped in a large wedge. It's possible that ETH is actually also in a...
Happy (almost) New Year! Today, I'm writing a couple of updates on the crypto market. I'll do my best to keep this short, since I have other things I need to focus on right now. I'm also a bit sleep-deprived, so I apologize in advance if I don't make sense. Anyway, this first update is about Bitcoin. To be honest, when I left for vacation I was feeling extremely...
We've got some nice moves for a couple of cryptocurrencies (XTZ and ATOM today), but I'm still really paying attention to these big caps because they have the most liquidity out of any other altcoin. We've seen OBV (on-balance volume) continue to skyrocket for the TOTAL2 chart, which could mean that big buyers are actively entering positions on the top two...
Finally I got my videos working again...so it seems. Here, I'm able to provide a more comprehensive update (in a silly voice, of course). Hope you enjoy. I will be going away soon, so I'll be gone from Tradingview for at least 10 days. So I thought I'd provide this update. In this video, I discuss the total crypto market cap, on balance volume, Bitcoin, Ethereum,...
One of my better back-to-back calls has been the move from Litecoin in 2019 all the way up towards the $130 area. Not only did I forecast this move (I did so on Reddit, not on Tradingview, unfortunately), but I even suggested that we could head all the way back to the $40-50 zone, which would have been perfectly in line with what happened in 2015. Litecoin even...
The other day, I made a chart comparing some alts that have been doing at least "okay" since August, 2018 and those that have continuously made new lows on their BTC ratios and USD values. Nano is one of those that has not made a significant USD low since then, but it is in danger of doing so if the market can't get it together soon. This is quite impressive for...
Hey guys. I know I said I wouldn't post any more written analysis until the next broader move for the crypto market becomes more apparent. While we patiently wait for the reaction from the 50w/100w bullish MA cross for Bitcoin, I thought I'd take a look at what makes an alt "dead" versus one of the ones that seems likely to survive through the rest of this...
I think we're about to end a 90 year cycle for global markets, meaning that we could get a crash similar in magnitude to the Great Depression. There are just too many technical sell signals to ignore, and fundamentally there is no reason for the market to continue rising if data shows that growth is slowing down. Both indexes are well above their long term trends,...