Yolos

Yolos

The downtrend has been quite strong since breaking down at the 2300 level in December. I believe that we are going to see a correction very soon. In the short term, the market is oversold due to panic and the bitstamp issue. I believe that the market is waiting for the resolution of this issue before rallying. In fact I think that the market will rally on news...

Yolos

In November, the bitcoin market had a surge of volatility because of a huge short squeeze that caused the price to go up about 50%. This, along with several other technical signals, suggests to me that bitcoin may be transitioning into an uptrend. Since the lows in the upper 200s in October, we have had a series of higher lows and some higher highs as well....

Yolos

Targeting 1920 yuan in china for the short term. Yesterday's short squeeze was interesting but the price has retraced over 78% already. ABCD continuation and an analysis of short squeezes suggests 1920 is a good target area; I will close my short in that area if I get other technical confirmation.

Yolos

I think certain technical formations may exist even when price action "hides" them. Here I drew out what I thought a bearish wedge, hidden by a rally that was rejected in nearly equal selloff. My thought is that you can somewhat disregard the rally since it was met with an equal sized selloff, creating a neutral zone of high volatility. Then draw what appears to...

Yolos

I think a test of the 2000 level in china is going to happen quite soon. It seems as if the only buying pressure coming off of the last selloff was from short covering, which is not bullish. Natural buying pressure seems low, but this may change at lower prices. Support at 2150 is strong, but may break soon; the next significant support level is around 2000 yuan....

Yolos

The cryptocurrency bear market is soon to accelerate. Litecoin has yet to be affected but soon it too will start the next capitulation drop. My target is 13 yuan. Expect the ltc/btc ratio to drop to 0.005-0.006. Bitcoin will also continue the bear market, following capitulation and panic in altcoins. Look for a big breakout for litecoin after it breaks support...

Yolos

This is really the most bearish I have been for bitcoin. I expect to break 380 soon, to test support at 340; some time in October, if not before then. Breaking the strong support at 450 is really the pivotal impetus for an accelerating downtrend. You can see complete rejection of the paypal news event as the price has steadily made a 100% retrace since then....

Yolos

BTC volatility will be low for a while. Price will range from 490 to 535 until September. Anticipation of GABI will bring some buying pressure and a bull trap in early September and perhaps the last few days of August. I predict the downtrend will continue and we will test high 400s in mid September, and the market will decide then whether or not we will break...

Yolos

This is my short term prediction for litecoin. I think the bottom will be found around $4.5 and after some panic selling and capitulation, we will rally to around $7. This is just a prediction for fun and I am not using Strict TA to make these predictions, they are just from past observations I have made. I closed my short and will go long at some point when I...

Yolos

August will be bearish for bitcoin. We will continue the downtrend that started on July 24th for a few weeks. This is based on my hypothesis that the market is heavily overbought and overleveraged mainly due to a credit bubble occuring on bitfinex (which started in May). I think we will see margin calls during this time and even a flash crash. Without any buying...