VictorCobra

VictorCobra Updated 

I'm doing this main chart using the log scale because it makes it so obvious that growth is slowing down. We just got rejected hard off the resistance that has held us since the 80's! We're also in a giant rising wedge, and are JUST touching the bottom of it right at this very moment (actually, I'm being generous with my line. In truth, we've broken down already)....

VictorCobra Updated 

Here's another bearish tech analysis. This one is brief. It's pretty clear what the setup is. Either we have a double top, or we drop from here. Either way, once we drop below the recent low of around 93.67, we will most likely head straight down towards my target at the red "X," between $50 and $57. That's the only support level we have below. What's pretty scary...

VictorCobra Updated 

If you read my DJI analysis, you'll know that I am bearish on the stock market right now, but particularly tech stocks. I've been bearish since AAPL was trading at $230 and as soon as it hit the $1 Trillion market cap. There's just not enough However, the market is still showing signs that buyers haven't given up, and the majority still seems to be bullish, at...

VictorCobra Updated 

Since my first analysis on the ETHBTC chart, we have followed my green scenario so far (the chart I'm using is pretty much identical). The weekly RSI had totally bottomed, so I thought this was a likely scenario. However, we're coming up to a major resistance zone right now, which is the broken triangle support. As I mentioned in my previous analysis though, ETH...

VictorCobra Updated 

Since my first XRPETH analysis, we've pretty much followed the scenario that I was betting on. I swapped my ETH for XRP on the breakout of long term resistance (red circle with an X) at 0.0015 a while ago, and haven't looked back since. This trade saved me significant losses. My bullish target of 0.0035 was also right on point. However, this pairing does tend to...

VictorCobra Updated 

I have a lot of thoughts to express, so I apologize if this is rather long. Since my first DJI analysis and short setup, we have dropped a good 14%. There was a chance that we could rally higher, sort of like we did before the Great Depression, but we've broken the bullish structure. Until we see any movement above the 26000 area, we can assume we will be in a...

VictorCobra Updated 

Since my first GVT analysis, we have been on track to hit my bearish target at the blue trendline. It currently resides in the 8400-8500 area, and when we get there, we might see a decent sized move up, at least in terms of Bitcoin value. I think the market overall is due for a large upwards correction, since I think we need to confirm a long term bearish diagonal...

VictorCobra Updated 

The fundamentals of VET haven't really changed, as far as I know. Time will tell if this is a worthwhile investment, but I'm personally betting on it, since their community remains as strong as ever. However, one can't deny that extreme selling pressure has been there for quite a while. VETBTC has essentially respected the downtrend for months now (in teal),...

VictorCobra Updated 

Stellar will always be one of my favorite coins, but right now, it's on the verge of breaking down. Watch this 3500-3600 area. If we go below, there are some fairly low targets, especially in USD value. XLM has made it to the top 4, which is promising, but it's starting to lose some steam. We really need to see a bounce now in order to continue the bullish trend...

VictorCobra Updated 

Since my first EOSBTC chart, we have broken down below the uptrend line and the accumulation zone that had been established. As I mentioned in that analysis, it seemed like it was priming for a push up (which happened briefly), but I also said it was a low risk trade because the stop loss area was so close to the buy in point. Selling on the breakdown of 8000...

VictorCobra Updated 

I've done a bunch of charts on BATBTC, because I've found it pretty interesting to watch. In my previous analyses, I speculated why we wouldn't see much upside for this coin, even on the coinbase news. I held a position from 2700 to 4100, but sold because I became convinced that BATBTC was being confined to a range. This turned out to be true in the medium term,...

VictorCobra Updated 

Time for a NANOBTC update! My previous Nano analysis was on the USD pairing. Decided to do this next one on the NANOBTC chart. What's interesting about this pairing is that NANO is still more than 100% up on its Bitcoin ratio since August. I had a feeling that NANO would not drop much against Bitcoin, even if it dropped to the 3K-4K area. The reason for this is...

VictorCobra Updated 

Hard to completely stay away from this market. Not really trading during this time, but I wanted to post an update on my TRXBTC chart, since I find it interesting that Tron is one of the few altcoins to maintain its bullish stance against Bitcoin in this bear market. It also remains significantly up since this time last year compared with many projects. Regardless...

VictorCobra Updated 

I once held a position on this coin, but sold eventually at a loss because I saw that people were very quick to dump this coin. Unfortunately, even though the fundamentals may be strong, price action tells me that investors don't see any value in holding this token for some reason. This can also be reflected in their online community, which remains quiet....

VictorCobra Updated 

It's been exactly a year since I got into this market, and it's been quite an adventure. I've learned a lot about myself, psychology, and market behavior. It hasn't been easy. However, a year of my life has gone, and I'm not really comfortable with losing any more of my life to observing this market. So, this will be my final analysis until I see fit to return,...

VictorCobra Updated 

ETHBTC has broken its support line, but not all is lost! If history repeats itself, it can get back above support if a new bull run starts. As I mentioned in my recent addition to my BTC chart, there's a strong chance we remain pretty flat as an entire market until the end of 2018/early 2019. This timeframe aligns nicely with where ETHBTC is likely to break back...

VictorCobra Updated 

Since my analysis from yesterday, we have dropped hard. I did say this was a possibility, and to pay attention to the capitulation going on, since it would likely present a good buying opportunity. I said I had a feeling we could go lower, and we did. The 200B market cap line did not hold either, although I was hoping it would. Oh well. The market doesn't HAVE to...

VictorCobra Updated 

I'm using the XRPBTC chart here, but the same can be said for most major alts as well. This is a popular chart, so I decided to use it as an example. This is a new view on the market that I have been thinking about recently (and posting about), and the last couple of days have convinced me more that this could indeed play out. The market does not want to go...