No one cares about a single user. In fact, this post will probably be the most ignored one I ever make, or even banned.
I've been into trading for almost 2 years now. I learned a lot and met a lot of people. What I learned, however, is how selfish and crooked people truly are. The moment someone sells and quits, he is gone as a friend. It makes me wonder if it is...
As I dig deeper, the Bitcoin picture becomes clearer. I'm starting to believe that Bitcoin is the penny stock of the world's finance. I'm comparing Bitcoin to a fund that manages a basket of EM-related assets. This is the reported breakdown as of October:
South Korea 14.78%
Once again, the chart should be self-explanatory, but I thought maybe some users would be too young to be familiar with some concepts, or simply uninformed. Being concrete 0.00% , the reference rate given set by the Fed is an inflation target. Inflation is a controversial topic, but both sides have points in favour. Inflation is happening, and the logic for it is...
So ETH is under pre-bubble levels. The price has been dancing around the last level of the retracement, on a downtrend since the dollar rise began.
The stock market is showing signs of forming an iH&S, and I can't really fathom going any longer at this point.
ETH and the other alts disrespected their log channels. Bitcoin is still inside it, and it even has room to dump to 3k'ish.
Do you feel that the two triangles will behave the same way? Things have changed: the market and the investors, but BTC is still a high risk asset.
Tip: hover over the candles to reveal the prices behind the blank.
There are some fractal charts floating around that I think are trying to overfit what they see. Similar to the ETHUSD chart, but more mature, BTCUSD shows how stocks and crypto are intertwined. This is especially clear post Mt. Gox and the 2015 WS slump. You can even see that the worst days for WS were also crashes for BTCUSD.
We know two things: Bitcoin was born...
The euro has been struggling while the yen has actually looked stronger, especially with Japan's response to Trump's threats. The ichimoku signals are stacking up and is ready for the wave. Just from TA it could go as low as 124.
ETH has tested it's final support- breaking it would probably push traders to sell down to high 200s.
The horizontal line above the candle has the same length as the previous bear market of ETHUSD back in 2016. Most conditions are similar regarding TA. Although it is very tempting to take a position, even if it breaks, we are still at the mercy of market makers....
After a while of posting general thoughts on crypto, here I am again with insight beyond TA.
Considering crypto is relatively small, messing with TA indicators while volume is weak isn't a hard task for a millionaire. When crypto reaches these kind of volume "deadspots", the same amount of dollars has more power. I marked on the chart how at the vertical line...
On the last chart I mentioned that XMR could have broken upwards if the downtrend was beaten. Unfortunately, this was not the case and the 50% retrace took place instead.
While the support was broken, XMR has been tightly trading around that level, 140-160. If we combine the general setup now and assume market manipulators have filled up their bags, a series of...
Now that the ELF chart has matured, the Fib levels have been revealed.
The strong/stable levels are
• 0.5 USD,
• 1 USD,
• and 2 USD.
The magnetic/unstable levels are
• 1.7 USD,
• 1.4 USD,
• and 2.33 USD.
As mentioned in other charts, a market wide 50% retrace has been set up. It seems many alt are on supports which would fall 50% until bouncing....