MrLucifer7

MrLucifer7 Updated 

I am going to list the Reasons for bot being Bullish and Bearish: BULLISH: I believe BTC is in a consolidation period and may actually be accumulated by big players. Its hard to be a Bull in a room full of Bears however that is how money is made. At this point EVERYONE is bearish BUT there are some factors that I believe make BTC I very good buy at this time. 1....

MrLucifer7

That is all for today Gents... Nothing has changed. Now lets sit back and watch all these permabears come out as bullish over the next week or so. Good Luck and God Speed Gents, Mr. Manbearpig

MrLucifer7

The bears and bulls are going head to head and have not given an inch of ground for the last 24 hours. One really could cut the tension with a knife however there is still a chance that we could have a break out. However it is important to note that there is alot of fear in just about every market as well as this one. Everyone is bearish but again when everyone is...

MrLucifer7

Could this be a higher low or just a short term bounce to make a much bigger head and shoulders pattern? The Lower time frames appear to be showing some strength at this time. Higher lows on the RIS with a bullish candle on the 4 hour. I am optimistic for the next couple of hours. Dont just the gun of course but this is something significant to keep an eye on....

MrLucifer7 Updated 

The two hour chart appears to have given us the 9 sell signal at the top with a perfect 1-4 candle correction and a very bullish hammer candle. also RSI appears to be following a trend-line and has not exited the bullish zone since the bullish divergence occurred the other day. Also important to not how many people are just sitting in tether waiting to re-enter at...

MrLucifer7 Updated 

Momentum isnt strong enough to have meaningful follow through. Also the previous 12 hour candle is somewhat troubling. I am of the opinion that we need to start moving down lower and have a full blown panic before we move back up. That being said the 2 hour chart does look nice but isnt enough for me to want to risk any capital. Immediate Forecast: 70%...

MrLucifer7

Ill make this short and sweet: 1.RSI is currently divergent. 2.TD Indicator is on a daily and 12 hour perfect 9. 3.Moving Averages are over extended at this time. Remember that this is a very risky because we are basically trading against the weekly trend. We should see a bounce to 7700 to 7500 if it is a much lower bounce then that is a bad sign and an...

MrLucifer7

This is what happened last time the 200 day MA crossed over all of them... That is all.. God Speed Gents Mr.Manbearpig

MrLucifer7

Decreasing volume indicated on the bounce. This gave the RSI some time to cool off for the next leg down however if you take a look at the 1 hour chart you see a ascending triangle that is making a bullish formation at this time. Also we saw strength at the beginning of the last hour that could see a follow through however the longer time frames are indicating a...

MrLucifer7

The next day or two could see a rising tide in the crypto markets secondary to severly over sold conditions. SALT is indicating a bullish wedge that is ripe for a pop. Risk reward ratio is in your favor at the moment but be mindful that we are in a bear market so take profits quickly.

MrLucifer7

At the moment we are seeing a possible bullish opportunity as the RSI is becoming bullishly divergent along with over sold conditions on just about every time frame. Also on the hourly chart there appear to be a reversal doji that is confirming that the RSI is indicating. also on the 8 hour chart there is an extremely bullish candle that say little to no follow up...

MrLucifer7

Okay Im going to go through all charts to dissect whats going on. Seems alot of people are giving their emotional opinion rather than just looking at the data so thats what we will do today. 1 day chart: Candle stick analysis indicates that there is little to no buying pressure that is effective enough to over power the bears. I think the selling pressure will...

MrLucifer7

This is troubling for the short term bulls.. TIMBER!!!!

MrLucifer7

Death Cross is in full swing expect a massive blood bath to come soon. Get the hell out of alts while you still can and get into fiat.... is what Im doing at this time. (Not fin advice) Bearish candles being rejected off of the moving averages with great conviction on the 12 hour chart combined with deminishing volume on the 1 hour chart. Looks like a Bitcoin...

MrLucifer7

I see a Bullish wedge that has been forming for several weeks now. TD indicator is on the hourly 9 which indicates a possible reversal in momentum. Also everyone is bearish at the time. Tone Vays is even considering his back up plans should all of this go tits up.. Too many Bears in my opinion. This is the moment of truth... will be break down or will the Bulls...

MrLucifer7

PPT is at an all time low and one of the most hated crypto assets at this time. There is alot of risk associated with this trade, however high risk, high reward. Also ADX black has already signaled that the market is coming back from a lul and is now changing its trend.