UnknownUnicorn1038536

UnknownUnicorn1038536 Updated 

Transcript: One of my previous posts aimed to justify the price that Bitcoin has. It's value is the accumulation of work put in by miners over quintillions of hashes. The current block is 491040. Taking data from historical hashrates, I get 193,142,784,388,787 terahashes in total. The data I can't easily get is how much each hash or terahash costs. Using 200 W...

UnknownUnicorn1038536 Updated 

Sharing my perspective, trying to unravel the real nature of the price increases, I post these thoughts in hopes of being able to determine where crypto stands.

UnknownUnicorn1038536 Updated 

This is an attempt to move beyond crypto. Considering Japan's current position, I think this is a very likely scenario.

UnknownUnicorn1038536 Updated 

So after a couple of days instead of there being a second reversal, I agree on the proposal that the price will go to number sub-200. My main argument comes from the linear regression pattern, but other users have come to the same conclusion with other methods.

UnknownUnicorn1038536 Updated 

The overall macro trend still shows bear signals, and quite strong, but there might be a window for a trade here. The target is fuzzy, and the entry level is about 260. Trade with care.

UnknownUnicorn1038536 Updated 

XRP has been waiting for its chance to come. I think the indicators are finally cascading, and it will shine again.

UnknownUnicorn1038536 Updated 

Trade with care! This is still a bear market, but just as corrections can go down, they can go up. Right now it looks like the market will correct upward, and 330 USD looks like an optimistic target. This still needs to be analyzed over the next few days, but I wouldn't be surprised if a huge rally came up. Sell volume is going down for both ETH and BTC and long...

UnknownUnicorn1038536 Updated 

It took me some time to get into TradingView. I'm short since 265 USD. I plan on closing at 250 USD unless the RSI goes berserk into the depths of hell.

UnknownUnicorn1038536 Updated 

For those who feel brave enough to trade the (possible) bull trap, here is some analysis.

UnknownUnicorn1038536 Updated 

At the moment there is no clear direction, since for the last hour the price has been floating. Aside from the soft swings, there are a lot of "long" dojis, but still no trend reversal. Given the present situation, I would take the current signals are neutral-bear. I'm going short without committing too hard. I'm using the RSI to confirm the trend because the...

UnknownUnicorn1038536 Updated 

I think the price will follow a trend like the proposed one. The 30min candles give the outlined path.

UnknownUnicorn1038536 Updated 

While the overall trend still feels bearish to me, the next few hours could see a price surge. I would think the best explanation is that people who notice the price stopped falling consider it a good entry for their positions or holdings. I'm still short, but reversals are sudden in cryptoworld.

UnknownUnicorn1038536 Updated 

Most of the explanation is on the chart, and I chose 4H to convey the prediction. The other scales seem to agree.