Sorry for the length of this video, but just wanted to post this and explain why I think Bitcoin hasn't dropped as much as people have been expecting. Could still happen, but this video is an attempt to look at the bigger picture. This is not financial advice. This is just my thoughts based on what I'm seeing, and should be used for educational purposes only....
This is a warning - things could get very bad if we have a sustained break below this long term trendline. This is to illustrate a couple of worst case scenarios. Below 66-67B, there's not much support until 40B, and then from there we could hit new lows at 27B and even close to 10B by November this year. This is IF the trendline is broken to the downside. Yes,...
I wanted to post a TRX update, since I've nailed pretty much every single move for this coin during the last several months. Maybe I can keep it up :P At bottom, you can find the unbelievably accurate TRX charts I've made. In my last TRX post, I gave possible support areas, and I also explained why the correction would likely be a long one. I was comparing the...
I haven’t been posting as frequently or updating as much. I have many other interests, and some of those have taken hold for a bit (as well as other life responsibilities). However, I’d like to take this opportunity to congratulate myself on my analysis from the last 6 months. This title is a bit of a joke, but in this post, I'd like to highlight both my...
I made a recent post about my good calls and bad calls, but I want to highlight another one of my bad calls: That the alt market would boom and take more of Bitcoin's dominance. The majority of the market actually expected this, but it has not happened. In fact, Bitcoin dominance has been increasing since it broke out. What's interesting is that even the alts...
The number of times I've assumed XRP would bounce earlier is a bit embarrassing (I'm not ALWAYS right), but crypto always goes to extremes. It usually corrects to the maximum possible zone, just to freak people out. Likewise, when it pumps, it always pumps higher than most people are expecting. Anyway, I'm starting to see some buying accumulation going on for...
Sorry for the double post on Bitcoin, but I'd like to call attention to the very first analysis I ever posted on TradingView. I was new to market analysis at that point, and clearly I was wrong that 6K would hold. But I did give a possible bearish scenario there, and we're currently at the sell zone for that possibility: As you can see, despite my doubts, BTC...
The market is at an extreme zone right now. I think we need to see some reactions from buyers soon if the integrity is going to be saved. If you're long on cryptos, right now may be the final buying opportunity before altcoins like ETH, NEO, and XLM start to go on major bull runs. However, it also may be the worst buying point, because the downside from here could...
It's true. Nothing looks good about the XLMBTC chart. Even looking at the XLMUSD chart, we're still trapped in the bearish channel, unlike many other cryptocurrencies, including ETH. That's pretty nuts. Here's the USD chart: Zoomed in on the daily with a couple possible scenarios: In my opinion, XLM is primed for an AMAZING trading opportunity. A lot of money...
Even though I've been leaning a little bearish on the market recently, since a lot of altcoins have broken their mid-term uptrends against Bitcoin or even headed back to major support levels...the USD value of many altcoins remains fairly bullish for now. NEO, for instance, is still above $10, despite drifting down to lower supports on the Bitcoin ratio. Much of...
A much needed Bitcoin update! A while ago, I suggested that going long once the major diagonal resistances from the bear market were broken (on both log and linear charts) would be a profitable trade. Since then, Bitcoin has increased by over 50%. Links to some of those charts are at bottom. Bitcoin is actually looking more bullish than I expected it would...
Amazon chart from after the dotcom boom for comparison: I've posted a few bearish ideas recently, simply because things have started to look a bit worrying in the altcoin market, and I want to be prepared in case something does go the opposite direction, but I have been generally long term bullish on the whole market since most coins have broken out of their...
Just a necessary update on XRP, as I've been posting about it for a while. I'm not devoting as much time to writing really in-depth, long-winded analyses, but I just want to post this to give an idea of where we might be headed. I originally posted a long setup. Should XRP have broken out of its falling wedge, it would have been a good signal to go long....
Hey guys, just a quick comparison between bear markets for Litecoin. When LTC was at $32, I entered a position with three targets: $60, $100, and $130. Litecoin surpassed $60 (where I took profit and redistributed to some other coins) and headed up near $100 before getting rejected. Based on the rejection and the volume of this move, I think it's likely we have...
This is a follow up written post to my recent video analysis of the cryptocurrency market, which focused on three prominent altcoins (ETH, XRP, and XLM). As you can see, we broke the major downtrend of the entire bear market on MASSIVE VOLUME. This is a very bullish sign, and it means that selling momentum has really slowed down. It also means we may have seen a...
My biggest problem in this market right now is being unable to figure out whether this was a giant bull trap, poising us for another major decline, or if this potential drop will be the final bear trap before the bull market resumes. In this video, I present the bearish view, and why it's a strong possibility that we will see lower prices. IT DOES NOT HAVE TO...
Wish I had posted this a bit earlier, but I just got home. In my last post, since XLM has held a previous downtrend as support (light blue), I figured it was showing some hidden strength. However, the entire altcoin market has started to look weak. It began with small caps like ENG and GVT breaking down from important support levels. The unease has crept into...
Update on my small trading challenge. Just sold everything for a 20% overall profit, since I wanted to lock in some gains. Some of the coins (XRP and XLM) may bounce soon, but the market is looking a bit scary to me at the moment, so I feel more comfortable exercising some risk management here. I can always look for better opportunities later on. This is not...