Heavily shorted and leading into bankruptcy I anticipate a short squeeze. High risk trade. Bull div on RSI
The catalyst for the turn around of the 2014 bear market happened exactly 1 year before the halving. The next bitcoin halving is ~May 2020. We have followed a nearly identical fractal as the last bear market. I predict that $BTC won't stay below 3000 for very long and won't go above 6000 until Q4 2019. The best strategy in the current market conditions is to...
"This time is different right?" Every time I find myself asking this question, the answer is usually "No. This time is not different." The last time Bitcoin dropped 70% this quickly marked the beginning of a 2 year bear market. A lot of people laugh when I mention financial astrology, but I believe it is something worth paying attention to - alongside other market...
SALT needs a relief rally. The fundamentals are looking okay as they make loans available in more states. In theory, that should increase demand for the SALT tokens on the open market (which are valued at $27.5 on their platform). There is a daily bullish divergence and the oscillators have bottomed out. I am risking off of the lowest low and a profit target at...
Stellar had a good run the past couple months and has retraced from the highs. It is on horizontal support from it's last pump and the bullish divergence and clearvision indicator signals a strong buy.
With a stop above 6k, it is a good time to take out a hedge on Bitcoin. It may be time for a technical pullback and some well timed FUD before 2x to send this down. Notice the similar pattern around 2800 and 4600 where BTC dipped and didn't make new highs.
The previous high should now act as support. Strong buy signal on the monthly chart. Any pull back to 295 would be a great entry. Housing prices could double in the coming years with a partial sell target at the 1.618 Fibonacci level at $430 and another sell target at $650 on the 2.618 fib.
Following the same pattern from the last dip to 1800 we could see something similar play out.
Bullish within this channel. Bounced off the bottom trendline very cleanly.