cryptobullethbtcxlm

cryptobullethbtcxlm Updated 

Head and Shoulders and TOTAL crypto cap chart. Lets see how it behaves at the neckline and support zone. IMPORTANT: this is not finanial advice, trade or invest based on your own risk and research.

cryptobullethbtcxlm

Yet another market maker play on Bitcoin which I explained many many times now and referred to in my last idea (see below). After we bottomed out, market makers set up traps in leveraged longs, giving retail the idea they were genius with a sub 40K long on BTC - in order to release liquidity to the downside whilst filling institutional orders around the 36 /...

cryptobullethbtcxlm Updated 

The coming days will determine much of the mid term forecast of the markets! I have already posted about the Wyckoff scheme for the S&P500 and we are only in phase D and the scheme has yet to come to fruition. There are a few bullish points for the markets here: - Option traders turned bearish, gamma squeeze could be coming towards the upside - Mean reversion:...

cryptobullethbtcxlm Updated 

Bitcoin is (again) stuck in a range, similar to what we have seen after previous dumps. The chop range is roughly between 34 and 37K. Breaking resistance at 38,5K and hold it as daily support will lead us into tapping 40K before another move down. If we break the lower bound support at 34,2K we will retest previous support at 33K. This is crucial support,...

cryptobullethbtcxlm Updated 

We are in for a big week with the Fed's announcement on potential interest hikes and further tapering of their bond buying program. Are they already priced in? Let's have a look... We have seen the typical panic across the board for the Fed's announcement (we knew this since last July!), the expectations are increased interest rates and potentially more than 4...

cryptobullethbtcxlm Updated 

Let's look at an on chain metric: the mean transaction fee in USD for Bitcoin since inception. We can see there's a clear correlation between the mean fees and price. When transaction fees go up, so does the price and vice versa. What we can conclude from Bitcoin's all time history is that fees peak out at all time high, this could be because of big players...

cryptobullethbtcxlm Updated 

Bitcoin is finally showing its hand developing a pretty clean head and shoulders, please check the chart for the possible scenarios when we retest the neckline area! Merry christmas! (2017 style?) IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.

cryptobullethbtcxlm Updated 

A potential head and shoulders developing on LUNA which is one of the very few coins that still looks bullish and has a strong momentum. The question remains for how long especially if Bitcoin can not reclaim prices above the bull market support band in January. We are at a make or break stage of this bull run. Trade with caution. IMPORTANT: this is not financial...

cryptobullethbtcxlm Updated 

As we are currently experiencing the expected return to the mean where most of the crypto market recovered back towards the 1hr 50 EMA. Lots of traders and investors are bottom fishing, which is good, but I do not think this is the bear market bottom. I have a few reasons for that: - Stock markets are not done correcting - Monetary policy (from the fed) only gets...

cryptobullethbtcxlm Updated 

Possible bear squeeze coming, watch out if you just opened a short... IMPORTANT: not financial advice, trade or invest based on your own risk and research.

cryptobullethbtcxlm Updated 

All eyes on Tokyo and Hong Kong tonight! Will they throw the final punch by dropping Bitcoin below 40K? New York has set up the move, exactly like I described in my latest idea on the crypto market makers and the wyckoff scheme on the total crypto cap; a short squeeze and a fast drop right at the start of the Asian session. Right now we are still in the chop...

cryptobullethbtcxlm Updated 

Ethereum just hit its reversal zone and is ready for a nice move till the end of the week. Possibly we some recovery across the crypto market till the end of January. I do think we should be able to end the week green unless some bearish news comes out, based on the behavior of the current Asian session and bearish action of today, just like I said in my previous...

cryptobullethbtcxlm Updated 

Among most indexes across the globe I have spotted a variation of both wyckoff distribution schemes on the total cryptocap. As I said in my previous analysis; the markets have run hot and in no way market makers, early investors and whales would consider a scenario of WAGMI. Market makers in crypto have learned a tough lesson during 2018 when bear markets could...

cryptobullethbtcxlm Updated 

This post marks about my 1 year anniversary on Tradingview and my first year of crypto trading. I have spent over 80% of the last year analysing charts, researching projects and learning the ins and outs of trading... It's been a wild ride! From catching the Ethereum and Bitcoin tops back in April and May and shorting till the depths of fear and capitulation to...

cryptobullethbtcxlm Updated 

Enjoy some sideways action for as long as it lasts... Boring action until next week's open unless we break our local support. All scenarios lined up in the chart, pretty much the same story as my previous idea. Bitcoin is becoming a liability for the market now, hope the flippening comes this year already, it would be good for the market. Remember, dont follow me...

cryptobullethbtcxlm Updated 

Up to a new trading week! Its time for a reversal upwards into at least some sort of a short term bounce, problem remains the high open interest on (leveraged) longs. As a bull you need to understand that leveraged bears are your friend and leveraged bulls are your enemy. Too many leveraged longs only serve as exit liquidity for big players (that are still in...

cryptobullethbtcxlm

After concluding the BTC bounce is here, I did some research for some potential heavy mover in the lower capped coins with a solid fundamental basis and I found two projects: SOUL & RMRK. Both are NFT infrastructure projects with solid exposure, tech and great token economics where most if not all tokens are distributed. SOUL is doing great and forming a cup and...

cryptobullethbtcxlm Updated 

Some positive news during rainy days... QNT is my favorite alt and it dropped more than 60% off its ATH and is now back at support from which it previously rallied 20 to 30%. I loaded up and I anticipate a retrace of at least 10%, not bad if you appreciate the little things in life. I don't expect more pain for the coming days as there's an imbalance in all charts...