Bitcoin is collapsing, it will go deep. As of right now, I am looking for AT LEAST a -75% selloff, with the expectation that we will soon test the 2018 price level. This thing might be wiped out entirely. I really don't have much else to say. Good luck everyone.
One of my primary technical analysis trading tools is that of False Breakouts or as I identify them; Spikes . I have found that when prices moves quickly in one direction only to return in the opposite direction within the same or following candle this indicates a potential reversal with a high probability. The corollary to this concept is that if price does...
The pattern on Bitcoin is really similar to Ethereum, which I outline in a recent call: Ethereum - A Sucker's Rally Before The Bitter Winter The difference between Bitcoin and Ethereum is ETH has more than 50% upside available to hit its similarly-placed goalposts, while BTC is just another ~30%. Fundamentally, the problem for crypto bulls is that the 2021...
Whoever is shorting crypto right now probably has a death wish. And this isn't because there's going to be some new paradigm replacement of the USD or because institutions finally see the value of digital currency BECAUSE BLACKROCK ETF. It's because Bitcoin, Ethereum, and all the other chains are going to zero, because they're in the way of the advent of Central...
Frankly speaking, Coinbase is a stock you actually want to keep a careful eye on, because as the US/International regimes fully integrate digital currency, Coinbase is quite likely to be a key organ of the network. But for now, this thing is worth $14 billion still and at a time that the crypto market is doing really poorly, Binance and Tether are ticking...
after all the losses, drama and liquidation today, biti looks well lol. at least somebody made money. perfect timing for this chart to reverse right at the trendline on biti when the ftx drama comes to light
This inverse ETF allows you to short bitcoin. Bitcoin is breaking down from weekly pennant. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
Monthly bull divergences, most likely this hits .40 in a few years or maybe less time. So, what does this chart mean? If the uptrend continues... 1. If SPX rallies, then Bitcoin will rally less (less likely scenario) 2. If SPX falls, BTC will likely fall more (more likely scenario) In other words, according to this chart, calls for the bottom in bitcoin are...
It took about 3.5 years, from the last top in late 2007, to cross all relevant moving averages in early 2011, for us to confirm all the market bottoms were in. During that time, more than half of the market was lost in its last bottom compared to its last top. Expect same or worse in this 2022 recession, as more things will pop in this everything bubble. The...
Looking to see if this has a continuation or are we topped for this move.
If you are new to charts here's one for you. Just look at this long term chart which provides a better guidance on the long term trend. What's the trend? And with the fundamentals that we can't even chart the money supply world wide, well, we can't measure it by itself but BITI is the closest chart to world money supply and the value of FIAT currencies.....