In the last year or so, any time I've said to certain people that I thought Amazon, Apple, and other tech giants were in a bubble, they thought I was crazy. But now...I've noticed people are starting to worry. The chart looks scary. If the double-top is confirmed, and these guys break down below their December 2018 lows, we could easily see our first widespread...
Wanted to make a more comprehensive video on my view of the market at the moment. This is more about cryptocurrencies as a whole - and why I think it would actually be bad for Bitcoin if dominance continued to increase much from here. I may have time to do a written analysis later today, but I know some people prefer videos. Enjoy! This is not financial advice!...
Along with the video I posted today, I decided to do a new writeup on Bitcoin. As you can see here, I'm comparing the BLX and BTCUSD Bitstamp charts side by side, to show where various long term supports and resistances may align. I'm not including my "market cycle" boxes in this analysis, because I'm doing something a little different here. I did call the recent...
The first part of this video talks about Bitcoin dominance in a silly voice, while the rest talks about the lagging altcoin market, and why it isn't necessarily a bad thing. Wish I'd been able to make a longer video, but my computer kept overheating. This is not financial advice. Before you make any financial decisions, always use multiple resources and consult...
Looks like we've begun a new stage in the market cycle. In this video, I describe where I think we're at. I also do some individual analysis on some major altcoins (ETH, XRP, XLM, and NEO). I still think a lot of altcoins are resembling Bitcoin's 2015 bottom, which could mean that they're earlier in the cycle than Bitcoin. This also means that I still think it's...
Amidst all the recent bearishness on other cryptocurrencies (aside from Bitcoin) I have remained staunch in my opinion that altcoins could provide pretty substantial returns in a potential bull market, perhaps even outperforming Bitcoin once again. In my writing on the crypto market, I enjoy attempting to point out things that others might have missed. As you've...
Mentioned in this video are Bitcoin, Ethereum, EOS, XRP, XLM, Nano, and NEO. This is probably my longest video to date, so obviously there's no need to watch the full thing. It also includes some general thoughts and sentiment analysis. Hope you enjoy! Thanks for watching : ) This is not financial advice, just my repeated thoughts on how I feel about the market,...
As I've been posting about over the last day or so, altcoins have broken down out of their uptrend channel. This was a bearish development in the chart, at least in the short term. It would have been a sell signal, as we did drop substantially since the trendline was breached. In doing so, altcoins have not followed the path I was speculating about when I compared...
It's been a while! This thing has truly gotten hammered, but even upon the breakdown of the long term 12K sat support, Nano did not drop by more than 20% or so against Bitcoin. Sure, it's back to the $1 level, but it has been near or around that level for an entire year! Despite this, all I see is vocal capitulation for this coin. People keep saying it's...
Hey guys - here's a video update of the market. I provide some analysis in the beginning (until around 7:00). The second half of the video is me rambling about my personal experience with crypto, as well as some opinions. Obviously you don't have to listen to that part. Basically the gist of it is that while I consider myself to be "good" at analyzing the market...
Needed to post this update, because this is a very important development in the crypto market. As you can see on this chart, this is the first time alts are below the trendline it broke above in March 2017. In doing so, they have also dropped out of the bullish channel they've been in since December. What does this mean? It means that buyers must bring the altcoin...
Hey everyone, so things have essentially gone according to my evil plan. Bitcoin got rejected before it could make an equal high or new high, and altcoins have drifted lower towards the bottom trendline of their uptrend channel. You can see that the total altcoin market cap wicked precisely off that trendline today. If we're assuming a bull market, this is the...
is it finally time for at least a mini-alt season? This video is about why I was suspicious of the recent Bitcoin move up, and how the market continues to follow my June-July 2016 fractal pretty closely. Obviously it could deviate at any point, but I find this pretty fascinating. What I don't mention in this video, is that I figured some big money would be...
Yup. Will XLM break out? It's continuously building pressure on the downtrend resistance, but it's possible Bitcoin will correct before it gets a chance to see higher prices. Either way, a lot of money will be made, regardless of direction. It's been consolidating between 11 and 13 cents for quite a while now. This is pretty much an illustration of why there isn't...
Just look at the nearly 2 years of sideways for XRP while Bitcoin made some serious gains between 2015 and 2017. Also take a look at XLM: XRP has some room to fall on the ratio towards 2700-2800: Eventually, in 2017 XRP started outperforming Bitcoin, but it took a while. This is just a speculative chart showing what COULD happen, if history were to repeat....
Much less will be written here than my previous two posts. Here, I'm again using the historical relationship between Bitcoin and altcoins to make an attempt at predicting where the bull market could be headed. IF we are seeing another boom (like 2017), this is the count I'm currently using. The red boxes indicate bullish Bitcoin waves, while the green boxes...
This will be my second post in a pair of extensive written posts on the crypto market today, since I have a little bit of downtime. I should probably be using my time to work on some other things....but here I am. This is going to be one of my more well thought-out posts to date. Whether or not you think this is valid is up to you. Anyway, everyone is really...
Here we go. My first legitimate alt/btc long setup in a while. I've stopped posting these because the ratios just kept going lower and all the potential stop loss areas were hit. My last XLM setup was to have a stop loss around 1530, but to target a break of the wedge. I said that if XLM failed again at the wedge resistance, it could head all the way down to the...