dreamkid10x

dreamkid10x

ETH is just an example, but its plain to see this ETH sell off is far from over sold...its still in the early stages..and once we break 145...the next stop is a break of the 2018 lows...at least to the 50 region. Lets not forget the ETHs creator has long been forecasting that ETH is in for a big price fall .. Almost all of the crypto complex charts look like...

dreamkid10x

With the breach of 0.61 gan line, we are now heading for a test of the 0.50 line, around 5400 area, but momentum and news flow suggests we will breach both 0.5 and 0.382 with a new test coming of the 2018 lows before July 2020 (probably much sooner). Market is oversold, so bounce here isn't a surprise, but the trend remains in tack, should be selling into...

dreamkid10x

First, we need to look at the big picture. Gold is flying... And as you can see (and read here: www.bnnbloomberg.ca) Gold is recently becoming highly correlated to BTC. So, would I sell it here with Gold flying? No way... BUT!!! BTC entire move up came at the expense of the entire crypto segment (BTC.D took off like a bat out of hell) - at 70%+ it's not...

dreamkid10x

We are seeing the late formation of a head and shoulders pattern. When you add this to negative technicals in BTC, it does suggest some lower prices ahead. But there is a bigger macro picture at work here and to deny that is foolish. The market is very technical right now, but it's hard to imagine that being sustainable, Crypto is a very good safe-haven asset...

dreamkid10x Updated 

BTC has shown its trend. If you look at BTCUSD in isolation you might look at this chart slightly more bearishly, but BTC has been driven higher by a shift from ETH tokens to BTC. The result is that you might read this more negatively than it should read. We look at us in a triable formation and that flag has yet to be broken. You can draw it differently and...

dreamkid10x Updated 

When you look at ETH, BNB and LTC (or BCH)...and you combine everything. ETH is the weak sister. It is growing more and more likely that ETH and XRP will soon lose their 2/3 market cap positions. The better bets are LTC, BCH and BSV. But in the mean time, ETH has moved up poorly on lower volume and unless it can breach the recent highs, now seems disposed to...

dreamkid10x Updated 

BTC dominance has surged first in response to the slow death of ETH tokens and then on trade fear demands from China. Once the tariffs came off BTC cooled as we predicted, but nonetheless, the concerns are far from over. So lets discuss some key points: 1. Even though BTC has dropped its dominance is raising but both BCH and BNB are two of the few that are...

dreamkid10x

I'ts clear...the winners are BNB, BSV and BCH, but BSH is the weakest of these three. And the losers are ETH (plus ETH tokens) and XRP. The technical damage to these two may be difficult to overcome.

dreamkid10x Updated 

Anyone who has been to China knows they love buying gold. You can buy it in bars or in all sorts of designs such as dragons. They distrust their currency enough that they see gold as hedge. Now despite the government efforts, Bitcoin has taken on a similar value. So is it a surprise to see the correlation between gold and Bitcoin looks high over the last year? ...

dreamkid10x Updated 

Lack of follow-through by LTC and ETH suggest future mean reversion. Better to buy LTC/BTC then BTC/USD. Or perhaps this rally in BTC, which is on lower volume she be faded for the time being.

dreamkid10x

We are at a critical point....and if BTC.D at 70% doesn't sound alarm bells that something important is happening then you are just not paying attention! Whats happening? During the ICO boom BTC began to lose market share to billions of dollars of ERC-20 token along with the birth of ETH and XRP. BTC had to share the attention of the evolution of smart...

dreamkid10x

Its hard not to like BNB, BUT its also important to remember its not a totally distributed blockchain - plus its partially manipulated by Binance (with rules partially disclosed by its charter). The buy back program is potentially good, but one shouldn't forget that if confidence is lost, prices will still fall, even with a buyback program. What really drives...

dreamkid10x Updated 

LTC is telling us that the BTC rally cannot be trusted. LTC looks to retest the July 15 low in the coming week.

dreamkid10x

Caveat: I am a big time BTC bull! However,the trade action here smells of a classic short squeeze. That statement is somewhat problematic since shorting BTC isn't easy on a large scale. But the "missing out" factor is an equally important driver in cryptocurrencies, which classically sucks in retail investors. This current move in BTC continues to lack support...