Alright guys, this is it. I'll keep this shorter than my other written posts. Here we have the final chance for cryptocurrencies to begin a bull market in the foreseeable future. It's pretty clear. Zoomed in, you can see that this is the second time we've touched the long term trendline this week, and that it so happens to coincide with a very significant...
Thought I'd post a quick video here. I'm under the weather so I don't have the mental capacity to do a whole written analysis, so here's a video. For some reason, the video came out a bit glitchy - I apologize. Hopefully it resolves. Seemed fine on the playback originally. Hope you enjoy! Remember, my analysis is never to be taken as financial advice. Always...
Just wanted to post a long-ish video update on how I'm currently viewing things. I finally started using some Moving Averages. Some of you will probably be very happy about this. Discussed in this video are: Bitcoin, Ethereum, XRP, XLM, Netflix, and Amazon. This is not financial advice in any way. This is just a hobby for me right now. But I really do enjoy...
Wow, the bear market for XLM really seems never-ending doesn't it? Well, the good news is, there are several factors leading me to believe that this may FINALLY be the bottom. I know, I've tried to call the bottom on the XLM/BTC ratio a number of times this year, but each time XLM broke support. I did mention, however, that XLMUSD was still in a clear downtrend,...
After it seemed like everyone and their grandmothers had capitulated alts into Bitcoin over the last few months, are we finally seeing a reversal? Did I very nearly nail the bottom here? I guess we'll find out. This video is not financial advice. It's mean for educational and entertainment purposes only. -Victor Cobra
In my first "Buying Into Fear" analysis, I suggested that Bitcoin might have reached bottom back in January. That analysis is linked below. My "Selling Into Greed" analysis also perfectly timed the top, when Bitcoin was close to $14K not too long ago. We have a new puzzle in the market. Where is the bottom for the REST of the cryptocurrencies? I've been attempting...
One thing is for sure, this market is brutal. But look at all the gains from 2015-2017! That is INSANE. The cryptocurrency market is still worth roughly 100X what it was at the bottom of the bear market in 2015. And guess what? It's actually still on a long term upwards trend. I actually managed to call the move up towards $300B and above for the market earlier...
I've seen a lot of posts calling for a drop in Bitcoin dominance here. Most are looking at the rising wedge and extremely overbought weekly indicators, divergences, etc. But here's something I noticed. It may not mean anything, of course. On the right is the inverted Dominance chart from the altcoin peak in the beginning of 2018. On the left is the recent top for...
In this video I give some bullish arguments, but I also talk about why it's still important to be cautious. I'm a bit more optimistic in this video than I was in my most recent written analysis, but the message is somewhat the same. This video is for people who are more visual/auditory learners who have a hard time reading my long-winded analysis. I try to be as...
Posting this AMZN short setup in advance of the market open for Monday August 26th 2019. We already have a red futures - this almost always indicates an initial selloff. Sometimes the market bounces back after this initial selloff, but so many equities are in such precarious technical positions that they may not be able to withstand the selling volume from traders...
A mini-update, since some new developments are occurring in the market, despite many traders laying dormant. As always, this is not financial advice. Just sharing my thoughts, which should be used for educational or entertainment purposes only. -Victor Cobra
Despite my long term bullishness on several cryptocurrencies, I'm going to write a post here about the continued sell pressure on altcoins. As such, this will be a lot more bearish than my long term view. This is meant to be as objective as possible, without being too hopeful about what the future could bring. Here we go. A lot of people are still asking the...
MSFT is one of the only tech stocks that has made a significant higher high since the December 2018 selloff. I posted a short trade setup back then, suggesting that it would be unwise to short until the recent low was breached. Indeed, MSFT defied my original expectations and headed up, even breaking new highs. Due to this, it is one of the assets that is furthest...
Gold has already broken out of its bottom consolidation and made a significant move up over the last several months. This is significant, because it shows that in the midst of stock market stagnation and uncertainty, people are hedging their bets with precious metals. Silver has been lagging, but possibly not for long. Based on the chart, we can see that Silver...
Just a quick update on what's going on with the crypto market. If we see some bigger moves, obviously I'll post some more charts. Hope you enjoy. As always, my thoughts are not financial advice. This should be used for educational purposes only. Always consult a professional financial advisor before you make any money moves. -Victor Cobra
Alright guys. It's time I posted an alt/Bitcoin chart for the first time in a while. The reason I stopped posting these setups is because I was simply waiting for more signs of potential bottoms to emerge. For a while, despite my assumptions that some of these coins would bounce a little earlier, they kept dropping through support levels and activating what I...
I primarily focus on cryptocurrencies, but since many are stagnating at the moment, I'm looking at some other assets for possible setups. If I had some extra investing capital right now, I'd actually enter a small position here. The market seems to be overreacting a bit, and TLRY is now at a prior resistance level turned support. If it can bounce here (ultimate...
Here's a long video update on what's happening with cryptocurrencies, along with my current view on stocks (including Silver). Mentioned in this video are: Bitcoin, Ethereum, XRP, XLM, Silver, the Dow Jones, and Netflix. Hope you enjoy! This is not financial advice. Purely my opinion and speculations. -Victor Cobra