In my first video from yesterday, I spoke about the 9 month EMA, and why the monthly close today could be a pretty important indicator as to whether we'll see bull market continuation or not. I think beginning a bear market here would be unfortunate for crypto, as it would prove the diminishing returns theory. While Bitcoin might remain attractive to institutions,...
This video is not financial advice! Meant for speculation and entertainment only. Please enjoy! I will be posting a part II with more altcoin analysis. In this video, I mostly talk about Bitcoin, Litecoin, Ethereum, TOTAL (index), and Bitcoin dominance. - Victor Cobra
Part II of today's update! Please enjoy. This is not financial advice - meant for entertainment and speculation only. -Victor Cobra
Well, clearly my stubborn bullishness hasn't paid off in the short term. When do I flip bearish? When I see the monthly close below the 9 EMA, and some of these previous supports violated on the major indexes (TOTAL and TOTAL2). TOTAL2 (right) is still a long ways from the death cross itself, but I suppose this also means it has a lot more to fall. It can also...
Here, you can see that Litecoin has maintained two parallel uptrend channels since 2017. We can observe at least 7 touches on the upper trendline, 11 touches on the middle, and at least five on the lower trendline. In theory, the middle trendline should be difficult to break. It took multiple attempts, even in 2018. However, this possibility shouldn't be ignored,...
As far as I know, I'm one of the few who successfully called the top in Bitcoin dominance back in 2019. Here is the original analysis: Another one from 2019: Here's my most recent analysis on Bitcoin dominance. You can press play and see how it declined precisely to my target level, although XLM failed to achieve my price targets for this leg, unfortunately....
This is inspired by TradingShot's recent post (love their analysis). They posted all the instances of the daily death cross in Bitcoin's price history. For those who aren't aware, the death cross occurs when the 50 day moving average crosses below the 200 day moving average. If Bitcoin doesn't move well above $50k in the short-term, it's likely the death cross...
Victor Cobra needed to take a break. I, Rodrigo, present some analysis on Bitcoin dominance, and the following coins: LTC, ETH, XLM, NANO, NEO, and VET. Hope you enjoy! Clearly this is for fun, and shouldn't be taken as financial advice. Yours truly, ~RODRIGO
An update mostly about Bitcoin. Hope you enjoy! This is not financial advice - meant for speculation, entertainment, and education only. Am I an idiot for remaining cautiously bullish? We'll find out in a few months. -Victor Cobra
I'm still not totally convinced Bitcoin and the rest of the cryptocurrency market have reversed trend to the downside. My brain needs a break, so I don't really want to write a whole essay here (proceeds to write a bit of an essay anyway). I did want to provide an update for what I think could easily happen over the coming weeks. In my previous analysis,...
Right now, we're at a moment in the market where some people believe we are entering a new bearish cycle. This is understandable, given that Bitcoin corrected more than 50% from its recent all-time high - something it has not done historically in the middle of a bull market (except the 2013 double bubble). So, what would it look like if Bitcoin were about to enter...
Here, I share my thoughts on the recent drop and present my current outlook. I do also provide conditions under which I will begin to feel more bearish about the market. Hope you enjoy! This is not financial advice. This is meant for speculation, entertainment, and education. -Victor Cobra
Man, the market is really testing everyone's nerves again. On top of that, the media seems to be churning out negative news articles one after another. Funny how the articles were all incredibly bullish when Bitcoin was above $60k. This is how crypto works. The news cycles help create liquidity. Causing people to panic as prices move down can create more room for...
This is a short post. Since Bitcoin dominance has broken down and settled near the 50% level, we might expect altcoins to continue outperforming, perhaps even until the market reaches its eventual cycle peak. Here, you can see that the 9 week EMA (orange) and the 50 week MA (red) have both crossed over the 100 (yellow). If these Moving Averages continue to...
Part two of my market update. I continue to discuss Ethereum, but I talk a bit more about NANO, LTC, NEO, and SLT. Thanks for watching! This is not financial advice - again, this is for my personal record and meant for speculative purposes only. -Victor Cobra
In this analysis, I talk about the overall trend for the crypto market, including an in-depth analysis on Bitcoin dominance. I also mention a few cryptocurrencies here that I continue to follow and hold - VET, ETH, XLM, and NANO. I will make a second (shorter) video discussing a few of my other coins - NEO, LTC, and SLT. Hope you enjoy & thanks for watching....
For the first time in a while, many front page posts on Bitcoin are bearish. I think a lot of people are setting up for a break to sub $50k prices. Sure, this is possible. But longs have already been flushed out quite impressively several days ago, and large cap alts like Ethereum and Litecoin remain relatively strong. This tells me that capital is not necessarily...
Back in the Summer of 2019, I made an effort to call the bottom in ETH/BTC. Here is the original analysis: I also made a speculative analysis showing that I believed Ethereum could actually reach nearly half an entire Bitcoin in the next cycle. Although it didn't play out in the timeframe I was originally expecting, I suppose it's still possible, if it breaks...