This will be my final post for the day. I made a video idea about this recently, and a subsequent update...but if you don't like watching videos for whatever reason, here it is in text form. As you can see in this chart, we broke the two major downtrends I was looking at in Bitcoin back in February. Once we broke both the bright red and the bright blue, I went...
NEO has been consolidating for quite a while in what is starting to look like a big ascending triangle. The resistance almost looks artificial to me at this point. How many times can we get rejected from EXACTLY 2400? We have nearly 10 touches on that resistance, and one major attempt to break through, which got sold on heavy volume. On the surface, that doesn't...
NEOGAS has broken out of its downtrend, retested, and is on the rise again. I sent the GAS I've accrued to Binance to sell if we have a big rise soon. GAS tends to move very fast, and doesn't sustain its pumps very well, but if it does break up here, I expect it to at least continue the uptrend, meaning it could head all the way to my green zone, only to fall back...
Let's be real, this market is too interesting for me to get anything else done :P I know I've posted a number of charts on XRP recently saying that a good setup would be to buy on the break of the wedge. We are currently sliding down on low volume, but very close to the upper trendline. We've held 7700 a number of times over the last couple of days, and all the...
Since my first Amazon analysis, we rallied higher towards a potential double top target, but we met resistance pretty quickly and have begun to drop. There's no need to panic yet, because it seems like the uptrend from 2015 is still intact (in orange). However, if that fails, we may have to head all the way down to our long term log support (in purple), especially...
Just to go along with my Bitcoin update from today. This video is not financial advice, just me rambling about what I'm seeing. -Victor Cobra
Quick follow up on my video idea from earlier this week. Hope you enjoy! Not financial advice. -Victor Cobra
Posting this quick chart for future reference in case it goes up. Taking a bit of a break during the week. Didn't know much about this coin until recently, but disrupting the telecom industry sounds like a pretty strong case for being bullish on DENT. Now, this is a risky play since we could still fall to the 18...or even 6 sat area. These low sat coins are hard...
I know I said I wasn't going to post until Monday, but I wanted to get this out there now because we're at a major decision point for the market. This gives an idea of what I'm expecting for Bitcoin. Doesn't have to play out this way, but I'm interested nonetheless :) Hope you enjoy. I probably won't be posting any new charts this week since I have to take care...
Taking a break starting today for a bit. Won't be updating my charts until at least Monday. Just outlining some possibilities, since we're still sideways, though some alts are looking strong. Bitcoin and Many alts are at or near major resistances, so now is the time to wait to see what happens. With BTC, I forgot to mention in the video the possibility of a new...
As you can see, I'm spamming with some updates today. Wanted to get this out of the way before a busy weekend. In my last NANOBTC analysis, I saw some weakness, and figured we'd at least stagnate for a while before we either broke down or finally broke out of our wedge. We managed to break out of our smaller wedge on massive volume, but found resistance at the...
Since my last XLM post, we've had a substantial bounce. I called the breakdown towards 2000 once 3500 and then 2900 were lost. Then, I suggested that we had likely seen a bottom, since we had massive buying volume on the initial spike above 2300. I also said that it could take a while for us to see our true bounce, since the 2200 level may have needed to be tested...
Ok, ok, this is my last chart update for the day. I just love this stuff too much. If you recall, I anticipated the major breakdown of EOS to the 5000 level after the long term linear uptrend was lost, even though I originally said it looked very bullish. I also suggested that 5000 good area to close a short position once we reached it and to look for a bounce. We...
Time for a quick trade setup idea on XRP, as it seems to be gearing up for (FINALLY) a break of this big falling wedge. XRP reversed its trend against Bitcoin back in September (confirmed by the size of the move and volume). I actually had a feeling this was coming, so I swapped all my Ethereum for XRP on the breakout. This was a very good trade to protect my...
Icon has made a nice push up towards two of my target zones since my first post (a price increase of around 38% from the time of my post to the recent top). It has since cooled off a bit and has been consolidating. I also made a video about shakeout tactics (linked below) which explains how whales accumulate before the ultimate breakout. This is something you can...
Alrighty, it's finally time for a Tron (TRX) update. Things have been quiet on that front for a while (which is what happens during hype cycles). TRX is still one of the better performing altcoins during the bear market, no doubt about it. If you recall, I did indeed call the potential breakout WELL IN ADVANCE, as well as the likely top of the last cycle. No need...
Here's a video analysis of what I've been seeing with Ethereum recently. Hope you enjoy! By the way, I'm seeing this bottom fractal occurring on some other altcoins as well, not JUST Ethereum, but didn't want to make a super long video this time. Good night and good luck! This is NOT financial advice, and I'm not a professional. This is my hobby and I'm doing...
I met a professional trader recently who only uses the Ultimate Oscillator, since he claims it's more accurate with predicting buy and sell zones. A lot of people right now are calling for a second bottom in the weekly RSI (in purple), but the Ultimate Oscillator (in red) is telling a different story, since it's already bottomed twice and has made a higher high...