Rule72

Rule72 Updated 

ETH’s bounce has impressed Money Man. It looks better than that of BTC. Definitely some muscle shown in the chart, but that does not say that ETH cannot go correct more. Funny thing is that the 510/520 area recently correlated with BTC’s 17 000/17 200 level. So be careful, the muscle could only be for show. ETH has also been clear cut by the short-term...

Rule72 Updated 

There is potential building (as often against a significant level of resistance) in the cryptosphere. Money Man has been putting all these levels on the chart begrudgingly as this crowds it, but what can he do? – They are there and simply putting his own bias on there would destroy the continuity that he is trying to create. In the related BTC chart (attached...

Rule72 Updated 

Money Man wrote his first analysis on XRP the other day (linked below) and had to rethink his approach to XRP. As a trader believing he has something to give, he is back again with some modifications. Too many traders give this a go and then that and never get to calibrate anything. One of the fundamentals of trading is measurement (obviously) and he has written...

Rule72 Updated 

There has been a slashing of prices, having many a trader left grasping at reasons and guesstimating outcomes. Money Man urges all not to take harsh actions and calm their farm. Price is looking for walls to bounce off of and the “wall” that it chose for this bounce changed the short-term trend line. Again, the question is; when does this correction up turn into...

Rule72 Updated 

Money Man hopes that traders see how the levels take president and not only focus on the very specific scenario that he includes here, but take note. He has been anticipating a confrontation between BTC with some bears and at a different location with some bulls. This is very risky as BTC normally goes where and when it suits the big dog himself, but Money Man...

Rule72 Updated 

Money Man has been asked to have a look at this vehicle for some time and did not really dive in but had some time and decided to take a crack at it. He has been dabbling in BTC and ETH for a long time, but not XRP. This is an attempt to see how accurate his quick assessment would be and how well his reception would be here. So, the main goal is to note how XRP...

Rule72 Updated 

It has been interesting how ETH would stall once BTC stalls, no matter where ETH finds itself. Money Man is thus again reminding that targets are dependant on BTC moving positively or forming a pattern / buying time, before targets get realized. Money Man drew a chart where ETH differs from the related BTC chart (attached below) in that it has only one Decision...

Rule72 Updated 

Money Man has been patiently waiting to adjust his boxes and it seems that the time has eventually come. There are so many chances for BTC to sustain its current uptrend that the chart is getting crowded by Red Targets. This obviously points to the amount of support it has built over the last while. Green Targets remain sketchy, but this consolidation has forced...

Rule72 Updated 

Here are some minor adjustment Money Man has made. These does not change things much form the previous analysis, the changes are evident when compared to the linked previous analysis, but Money Man does believe that being Bayesian is like staying up to date with the plot and not simply calling for an outcome and not being prepared to adjust as information comes...

Rule72 Updated 

BTC is buying a ticket for admission by showing that it does have support. If the ticket will be enough will have to be seen. That futures gap was formed and, as Money Man was suggesting, a return to it could just have enough momentum to smash through it. But he has a plan for that as well. The Red Targets have had adjustment to reflect the movement we have...

Rule72 Updated 

Where are we to go? Money Man has been carefully investigating the levels and came up with these. The build we have had is a great attempt to instill confidence, but will come to naught and less, if we cannot hold altitude. These levels are not as closely related to the BTC chart (linked below) as Money Man would like, but he can only draw what the chart is...

Rule72 Updated 

Money Man has noticed that The World Computer is on sale and was wondering if this would be the last sale. Probably not for as long as the questions about the practicalities around proof of stake lingers. Money Man guesses that that is also a contribution factor as far as the correlation with BTC is concerned. I.e. Getting proof of stake to work would go a long...

Rule72 Updated 

How does BTC get admission to the 20 000 room? Simply by proving that it has enough supporters not to break support. Money Man has been quietly waiting for stabilization of price to see what the chart is whispering and here are the first bits of info he feels comfortable with. He has not checked but is sure that there are some big price predictions out there –...

Rule72 Updated 

At least we are now forming a discernible pattern. This analysis has been harder than normal as confluence is difficult to find beyond all time highs. If BTC manages to keep some semblance of its former self beyond 20 000, these are the levels to watch. Money Man cannot say with certainty what will happen, but the chart is saying that 20 000 itself is not where...

Rule72 Updated 

Every trader and his avatar know the story: BTC stabilize and then ETH plays catchup. The latest move up by ETH, in this context, is simply an attempt to reach Decision Box 1, or the previous Green Target 3. The related BTC analysis’ (linked below) principle of forming a support to instill confidence would probably result in just that. There has been a...

Rule72 Updated 

Money Man is sorry, but on such volatility he can only draw big blocks and hope for a pattern to give clarity. This would allow for smaller blocks. He does not like analysing the charts in these situations, but decided to give it a go for the sake of those who follow him and want to see a bit under the hood of his analysis. Conclusion: There is not much to say...

Rule72 Updated 

It has become clear that the Decision Box 2 needs more development to instil confidence in it as a support to drive the price higher. Failure of this level would spell failure of what has been achieved and result in a double top. Money Man thinks that breaking through Decision Box 1 without some real volume could simply spell another retest of Decision Box 1 and...

Rule72 Updated 

BTC’s chart needs some time to settle at this important level. Money Man would not like BTC to shoot up without setting some support here. That would leave notable support far below price – a sure sign that there is too much heat in the market. A slow climb to Green Target 1 here would be good for crypto as a whole. Funny thing to say, but a correction would be...