Market takes the blue pill, the story ends, China deal is done, you wake up in your bed and believe whatever you want to believe.
Markets takes the red pill, we stay in this Wonderland, and figure out how deep the rabbit hole goes.
I've been covering the S&P pretty heavily since Oct' was getting short in Sept after the first bearish weekly close we had seen leading in to this (twitter.com)
I think we're getting to the point that things are so bearish, that the establishments are going to do whatever it takes to save this thing, which is only going...
I believe we have found our consolidation zone. If we look back there is still a possibility of ~30% panic washout yet, but more or less we're in the zone. It's going to be a while so I'm not in a giant rush, which is nice because:
1) Allows one to place some fishing bids around wick zones.
2) A good time to spread out buys, no rush.
3) Be on auto-pilot,...
One of these trends is about to become the dominant - Big move coming one way or another:
A) Washout 6k floor, test 4k - 4.8k
B) Break out of bear trend, need ~10k touch to confirm.
GL (I'm hoping for bullish breakout, but prepare for the worst)
In order to paint this picture I must fast forward -
Scroll down to next dashed lines if you don't care about setting the stage.
It is November 1st 2022, the entire legacy world economy is in free fall, a mixture of events lead us here:
* Iran's people successfully rebelled against their financial oppressors reclaiming...
What a year for $LTCUSD up 11,700%!!!
Litecoin and Charlie Lee get it, they know where crypto is going and see the massive tsunami of users coming in and they're helping build the platforms that will better on-board this tsunami. I'm sure you or someone you know has been stuck for weeks trying to get confirmed with Coinbase Gemni Stamp you name it. There are HUGE...
Lot of people out there who have never made a single Bitcoin chart until the last month when CNBC, Bloomberg, Yahoo, you name it suddenly became "Crypto Professionals" Well, here's one for all the bears ;)
Ever since Charlie Lee retired from Coinbase/Helped SegWit adoption in the Cryto industry I have been telling everyone looking at crypto to get some Litecoin. Well, I think the moment we have been waiting for is here.
Litecoin just had a very nice consolidation period building a great base for this next extension.
Buckle-up everyone, this could get wild.
Great R/R here! If this trend is to hold we should at least test .618 area, break that with force and this trend can go all the way to the 1.618 extension.
LTC led the charge in to SegWit activation some weeks ago. Some updates should be right around the corner lining up perfectly with the trend bounce!
Accumulation mode activated!
I honestly cannot believe where we're at, lets review a few things.
1) PBOC STILL does not allow people to withdraw Bitcoin. Buying on these exchanges are the definition of FOMO, they're buying something they may or may not ever get control of. It really is quite the gamble, but I would take it and lots of others as, the premium is almost null at this point...
PBOC over the last 48 hours does what PBOC does best in crypto, stir things up a bit. And what timing, right at the high where they last released news in 2013??? Interesting.
For now however, I do not think this news is awful, what was the message?
Exchanges cannot allow trade washing, or fake volume. (great we have wanted this for years. The only way this...
Well here we are, the last prediction to get us here panned out pretty well. We needed to rally into 2017 for the headlines, momentum, and the TA. Well done Bitcoin bulls/bitlievers :)
Now what? Well, your guess is as good as mine. We're now at the largest tipping point in Bitcoin's life (happy belated 8th birthday btw!!!!). Given past events, it appears we're...
To many people Bitcoin has died several times over. But Bitcoin doesn't really care about them, it's been trending strong for the last year. We have a nice setup in the making playing off of the long term trend. If you been waiting 580's may be an excellent entry. SL will be under 200EMA.
If 200 EMA fails, lower high confirmed and new lows will be tested.