Crypto-Hamster

Crypto-Hamster

I am the first to say that TA these days is worthless on alts, since #bitcoin will make a move and ruin up everything, but... for the sake of education and fun... Not a financial advice.

Crypto-Hamster

The new triangle could be drawn now, and the range of the bitcoin price becomes more and more narrow. It's interesting that the SMA200 recently is very close to the top of that triangle. So, maybe, bitcoin tries to buy some more time before the breakout. Not a financial advice.

Crypto-Hamster

During all 4 bitcoin lows in 2018 I've never believed that the price would drop below $5.5k or even touch that level. I still try to figure out why, but I do feel different this time: btc must hit 5.5k or even below yet, before the reversal. Is it a sign of capitulation? (Mine, means, some more of us?) Not a financial advice.

Crypto-Hamster

Despite currently bitcoin just returned to its previous level of ~6.2k, it looks scary for many. In fact, if btc will show the confidence to decrease more, a lot of huge holders will sell in a hope to buy below 6k. It may lead to a massive sell-off.

Crypto-Hamster

The XRP chart may very well develop the same way as before and the new crazy rise will happen. Look for the volume spike and the last drop in price to the bottom of the wedge.

Crypto-Hamster

For those, who cannot adjust the trades according to the evolution of the price and hates the multiple options, here is what I expect to happen. And I am going to trade that. But don't trade that too! It is not a financial advice.

Crypto-Hamster

Bitcoin broke two important levels and tries to hold above the latter one – 6550. There are few possible scenarios, and based on the easiness of how BTC broke all the supports earlier, there no doubt that it could do it again. My bet is that at some point it will go below 5.8k, which will be followed by a V-shape reversal. Not a financial advice.

Crypto-Hamster

Love fractals, even if they don't play out eventually. But look how the general up/down swings and also tiny wicks are repeated, isn't it amazing? Not a financial advice.

Crypto-Hamster

Oh, come on! Do you really think that people will buy it? That's ridiculous.

Crypto-Hamster

Is this is what is happening with NANO? It seems like bitcoin is dragging everything down, including even the strongest players. One would have to wait for the signs of the strong bottom to a relatively safe enter. Not a financial advice.

Crypto-Hamster

The recent drop made a choice for a possible Fibonacci retracement more obvious. There are other options, but the one with the bottom at 5k fits the levels, where the price stops during a current fall. Not a financial advice

Crypto-Hamster

During the bull market the periods of rise are longer than the periods of falls (drops). During the bear market it is opposite: it is clear after January 2018. But the recent rise was rather long, actually longer than the previous fall. Currently bitcoin felt sharply, and if it will grow slowly, it might indicate the market reversal. Not a financial advice.

Crypto-Hamster

Nearly a perfect fractal :D Not a financial advice. Whatsoever.

Crypto-Hamster

Do those guys know something? Ontology almost returned to a level, where it was before the fall of bitcoin.

Crypto-Hamster

Shorts are again nearly at the global maximum. The recent ones were open on the falling of bitcoin, which means that those are not from "wise money". A target for the liquidation. Not a financial advice.

Crypto-Hamster

I personally think that since the market became more mature, the blue option is more likely. Not a financial advice.

Crypto-Hamster

Based on the volume spikes, I would give this version of FR the best chance. It means that we would do down to 5.6k before a new rise. Not a financial advice.

Crypto-Hamster

All kinds of price to shorts correlations: why there is a tiny chance to make a decent TA on that. 1. BTC was low, expected to rise: BTC rise, shorts down (liquidating) 2. BTC was correcting, expected to rise: BTC down, shorts down (cut losses) 3. BTC was high, expected to be corrected: BTC up, shorts up (open) 4. BTC was high, correction was uncertain: BTC up,...