DrJLT

DrJLT Updated 

The price of Bitcoin will soar if you believe it's going to be the world's reserve currency. Otherwise, we're reaching a likely imminent crash: Bearish divergence on the volume Classic rising wedge Key resistance levels Most importantly, Bitcoin's economic model is designed to be "pyramid-like". As miners' incentive drops next month, Bitcoin's price...

DrJLT

Oil price reflects macroeconomic situation as well as geopolitical tensions in major oil producing countries. One would surmise that demand in the coming months is likely to remain low, while price war among oil producing countries continues. On the other hand, if major conflicts break out, price could easily double within a week's time. I'm keeping this note...

DrJLT

This is an idea first time trading under 200-week moving average since the recovery now we're approaching the 1/3 retracement level of 2650 prior price action & fibo suggest a target of around 1500

DrJLT

The market is oversold. The US government has gone wild with stimulus (irresponsible monetary policy + bold fiscal commitments). While the news has just been confirmed, on the weekly there seems to be an upward momentum to fill the gap (as marked). In the mid-term, however, the US economy will take a larger hit. While the stock market could remain detached,...

DrJLT Updated 

This chart follows my previous ones

DrJLT Updated 

I see two scenarios (thought of it last night): 1. Prices goes to 20k, and a dramatic crash follows, wiping out most coins and maybe some exchanges. Target is around 1k. This is the best scenarios, because most scammers will leave, and after a cleanse there'll be a new possibility to get 20-100x with Bitcoin. 2. As charted. Fake out at death cross cannot pass...

DrJLT

This is an idea that many may find hard to believe. Nonetheless, I see an interesting parallel between the 1990s and the 2010s. This last wave can be understood as an extension. This idea would mean that the economic expansion in the US will continue for longer than most would expect.

DrJLT

As charted. Note the bearish divergence + MAs

DrJLT

The story line about block reward "halving" is unfolding, now without the "reason" for price to climb. Some would argue that because the cost to mine hasn't changed the price per coin should double. Very strange logic. More likely, some miners would quit so the mining cost drops. Of course, if there's suddenly a huge demand that wasn't there...

DrJLT

Just some fractals that I've noticed. Having said that, I strongly believe that LTC will crash in August, together with Bitcoin and company. This is not 2017. Fractals need to complement fundamentals.

DrJLT

Somehow it reminds me of ... (better not say it publicly). I am not saying / accusing / hinting that Tron is related to any fraudulent activities. I am only referring to the flow of news, which can be a mix of different shades of truth. Target is 2/3 price drop.

DrJLT

The sharp downward channel may not sustain for much longer (can't go to negative). Some mid-term relieve is very likely on the long-term support. However, without changes in the fundamentals, the technical reasons for a strong move aren't obvious.

DrJLT

Much similarity can be drawn (as charted) Overall, as BTC likely goes down, EOS is unlikely to outperform.

DrJLT Updated 

Some weeks ago, I suggested the possibility that in a somewhat bullish market ETHBTC would stay in the yellow zone. However, since the BTC pump and dump was confirmed (see related charts), the market outlook in my opinion is generally bearish. Now that ETHBTC has obviously broken down the descending triangle formed since late 2017, it is foreseeable that ETH...

07:46

DrJLT

This one extends my chart last week: and all the videos before

DrJLT

Ask yourself one question: Are you buying Bitcoin now? If you aren't, why do you expect someone else to? Having led a blockchain project myself, I can honestly say that there are at least ten times more scammers (pretending to be marketers, influencers, investors, or exchanges) than real investors who show any interest in anything other than outright scamming...

06:04

DrJLT

Hi, this video follows my previous ones. In it, I explain why on a fundamental level Bitcoin price could go up, to complement my previous posts about the chart (because the chart hasn't really changed since a couple of days ago: I don't over-analyze short-term movements).

07:53

DrJLT

This video extends my previous ones on Bitcoin. The last idea in which I suggested the possibility of a descending triangle was invalidated by the quick drop below $10k. Volume is finally picking up, but a couple of days more are likely before the said sharp bounce can take place. An exact estimate of the location is virtually impossible. All supports above 7k are weak.