Man, a lot of people are really frustrated with the price action of NANO. And who can blame them? I did make a call recently that NANO could test some lower levels, which it has already done. Link to that idea is at bottom. However, even with lagging alts, I'd urge everyone to pay attention to the USD pairings. This is why I say, "looks can be deceiving." Take a...
For a long time, Smartlands was the best performer in my crypto portfolio. It even outpaced BNB for a while (which I still don't own). I originally bought SLT when it was worth 2XLM. Now it's worth 24 XLM. At its peak, it was nearly 50XLM. Interestingly enough, that peak coincided with its listing on Bittrex, where it gained a Bitcoin pairing for the first time....
Since my last Bitcoin analysis, we broke out of the flag to the upside. However, volume has dropped off quickly since the initial move. This has me a bit concerned about forecasting a continuation just yet. Additionally, we're experiencing a bearish divergence on the daily RSI (price makes a higher high, while the RSI makes a lower high). This happened actually...
Hey guys. A quick Bitcoin hourly chart for you. As support, we have our long term bullish channel. You can see that zoomed out: We also have a mid-term uptrend as support. This rising trendline could help us form an an ascending triangle pattern on the 8200-8400 resistance. Volume is decreasing at the moment, which shows that there is some buyer exhaustion at...
Will it be to the upside...or downside? XLM has gotten back above the long term support today (in purple), but it's also pinching RIGHT below the downtrend channel resistance. XLM has continuously been one of the worst performing coins during the second half of the bear market. During the first half, it did relatively well. After reaching a bottom at 7 cents...
Video update on the altcoin market before the long weekend. Enjoy! Not financial advice. Just what I'm seeing. -Victor Cobra
Alright, here we go again with ADA. The long setup I've been posting about recently still has potential, but this one might be an even better trade. There's a lot of pressure building up for this coin, in my opinion. Not only are we coiling right below major USD resistance AND Bitcoin ratio resistance simultaneously, but now we're in a pretty clear falling wedge...
ONT is one of the few major altcoins to actually NOT venture to new lows on the ratio since the "altpocalypse." On this chart, you can see that it is currently back above its slow rising support (pink). I bought originally at $0.60, and it has so far outperformed Bitcoin by a small margin. The same can't be said for many altcoins. Unfortunately, ONT is still held...
Right now, Cardano (ADA) is still struggling to hold within its large channel (pink lines). Since my last two ADA posts, we did target very close to the major overhead resistance above 1200, but failed to get above and have retested our support. This is more of a short term trading idea here. I'm still watching this thing pretty closely. If we can get back above...
Just a short video explaining what I'm seeing in the alt market versus Bitcoin. Hope you enjoy! -Victor Cobra
Ladies and gentleman, I give you a long overdue update on the XRP/ETH pairing. Last September, I swapped the ETH I had bought at $215 for XRP when it had broken out of the 15000 major long term resistance area. Then, I ultimately purchased ETH separately at $107. In any case, I mentioned that eventually XRP may have to retest that 15000 area as support. We've...
Just a quick video update, since I like doing these : ) Things continue to look good for the market, as it seems that we're preparing for a markup to some higher price ranges, after finally leaving the $6K consolidation area/pivot zone behind. I think it's fully possible that we never see $6K prices again, barring some sort of flash crash or black swan event. Of...
Okay, in my last post I was a little bit over-dramatic in saying that there never was a bear market. I was only half joking. Of course, decreasing by over 80% during the last couple of years would qualify as a bear market. HOWEVER, my point is that the selloff that took Bitcoin out of its bullish channel (light blue) really could have just been a momentary blip. A...
Welcome to alt season guys! It's been a pleasure charting throughout this bear market. You'll see why I speculated that this could happen very soon in my recent posts. Anyway, let's get right to a quick and dirty ICX analysis. If this thing can get back above the 530-550 area, there's not much resistance until 736. Based on the market's momentum, I think ICX can...
Aha! So the dip below the long term ascending support was a fakeout after all. I posted a few bearish ideas recently, giving an idea of what could happen if the market failed to recover here. However, it's fairly clear at this point that the market is recovering. Today we had some pretty insane gains for altcoins - gains that have not been seen in quite a while....
In my last BNB analysis, I finally got it right. I was correct in assuming that once above 40000, it was time to look for an exit point. It even continued towards 48000 before dropping. The reason it stalled there is because too many people were waiting to unload at 50000. Same thing happened with Bitcoin when it failed to break below 3.2K. Too many people waiting...
Hey everyone, hope you're excited as I am about what's going on with cryptocurrencies right now. I built long term positions on a bunch of coins over the course of the last year, and now the market is finally moving up and away. In my first ever Bitcoin analysis, I actually speculated that the earliest the market could reverse would be late January/early February...
Will XRP bounce back above its long term trendline like it did in late 2017? We'll find out soon enough. Otherwise, XRP can head all the way down to the 2700 area (blue rising support). If the current downtrends are broken (pink lines), I think it would be a safer long entry. The Ultimate Oscillator and the RSI are both bouncing off support as well currently. In...