Look, Monero is everything Bitcoin wanted to be. We don't know how diverging paths would have ended up, but if you every wondered what it felt like to buy Bitcoin at 400 dollars, this is it.
As part of my series of trying to pin down Wycoffian patterns, $ATOM caught my eye. In February ATOM made its first markup, where it then blew off the top. Price stayed suppressed under the volume-weighted average price. On the 19th, ATOM started a rally that sent it over to the VWAP. At the start of May, it saw a volume-supported rally, pushing it across the...
After research and evaluation of the project, I came to the decision that ROSE is the most underpriced project on the top 300 list. My entry is at 0.105 USD, and my sell target is 3 USD. This is the most ludicrous projection I've ever made. I feel confident about it. I will invoke a fallacious appeal to accomplishment and say that this looks like the start of an...
In a series of trying to nail down Wycoffian patterns I'm looking at a pair I'm holding as bullish. It's possible that the OXTUSD is building a reaccumulation period before moving to higher levels. I have 1USD or higher in mind.
This move followed Fib levels since February. First, it set a top and made a full retrace as the rest of the market. It built a river from the lowest level up to 50%. Once the rumor from Github caught on, it spiked to the top. I entered at 0.6464, Hoping to see somewhere near to 1 dollar. It's alt season, so if it doesn't move above 6556 with volume I'll drop it.
StormX released on February 2, revaluating 200%. This probably means that a retrace to previous lower levels is unlikely. There is an uptrend forming, and if all goes well, we could see a 20% move in the next few hours.
I've never gotten a Wycoff phase chart right, so don't take it seriously.
High volume bottom rejections and ready to pop.
The project, even if it has a product, the team is a social failure. Maybe this is reflected in the charts, where the Fib levels target literally zero.
Look, go to green fields. Old projects may pump one day and bring back the scam galore of 2017, but if you buy, make sure to exit as soon as you make some profit and never hold below your original entry.
As I dig deeper, the Bitcoin picture becomes clearer. I'm starting to believe that Bitcoin is the penny stock of the world's finance. I'm comparing Bitcoin to a fund that manages a basket of EM-related assets. This is the reported breakdown as of October: China 19.95% Other 16.59% South Korea 14.78% Taiwan 11.39% Russia 8.23% Brazil 8.01% South...
Once again, the chart should be self-explanatory, but I thought maybe some users would be too young to be familiar with some concepts, or simply uninformed. Being concrete 0.00% , the reference rate given set by the Fed is an inflation target. Inflation is a controversial topic, but both sides have points in favour. Inflation is happening, and the logic for it is...
So ETH is under pre-bubble levels. The price has been dancing around the last level of the retracement, on a downtrend since the dollar rise began. The stock market is showing signs of forming an iH&S, and I can't really fathom going any longer at this point.
ETH and the other alts disrespected their log channels. Bitcoin is still inside it, and it even has room to dump to 3k'ish. Do you feel that the two triangles will behave the same way? Things have changed: the market and the investors, but BTC is still a high risk asset. Tip: hover over the candles to reveal the prices behind the blank.
The euro has been struggling while the yen has actually looked stronger, especially with Japan's response to Trump's threats. The ichimoku signals are stacking up and is ready for the wave. Just from TA it could go as low as 124.
Needless to say, this is not a trade for men of little patience.
This is the same idea as the preceding ETHUSD chart. BTC has been teasing with the mean but has bounced above it. If the bulls keep the price up the bound would be at 100,000 USD by end of year.
If ETH decides to continue with the positive MA until it touches the upper band, we would be buying ETH around the 10,000 USD range. If it rejects the mean, the buys would stop at 2000 USD. I apologize for the lack os seriousness in the previous published charts. I hope that this gives a new outlook on long term trends.