rustygeeart

rustygeeart

There has been a lot of rumblings about the poor trade matching engine on Kraken in the past few months, with one day bringing some cryptos down 90% for only brief moments, ETH down to 700$ for a moment while it traded at 1400 on other exchanges. Kraken is one of a few US exchanges that offer high leverage, high being up to 5x. There are some serious flaws in...

rustygeeart

Just pointing out a new potential channel that may be have been formed with ETH failing to break through this line while BTC has flown through all the resistance lines, Today ETH fell 2% against the BTCETH ratio, sitting on a really low angle trend line. Getting a bit concerned but still Bullish overall, Though I might be looking to swap to BTC if it really looks...

rustygeeart

Failed the last prediction looks like though this time there is a promising shot, Especially give the daily W formation that is going on right now. ETHBTC tends to do that quite a bit. Lets see ETH get close to its ATH and catch BTC so they can both cross the line hand in hand!

rustygeeart Updated 

Chart pretty self explanatory, ETH is on a mission to take back some of the BTC ratio. I think ETH is criminally undervalued, especially given the crazy valuations all the tokens that live on Ethereum are at. I dont make predictions more than a few months out but we will very likely be above 2000$ by the end of march.

rustygeeart

Well its official after nearly a full year (depending where you measure from) we have officially left the BIG WEDGE. This wedge is obvious to any half decent trader let along beginners and we all know that falling out a rising wedge is....not good. Look the market recovered quickly from the pandemic, faster than there was good news about the vaccine, age old adage...

rustygeeart

It's almost 1am, but BTC just flew through 50k for the 2nd time this month. Noticed a interesting pattern back a week ago that could play out if Bulls keep up the strength. That said I dont expect this to age well, its only a thought experiment.

rustygeeart

There isnt much to talk about here, it seems Spy is on for one more bounce off that trendline likely to 4000 before going down. That said going to 4000 might spark some Euphoria in the market and drive it higher but I think if that happens it will fall back into and through the wedge. Simple charting here keep it simple.

rustygeeart Updated 

There is no ignoring the incredible run that BNB has had over the past few months. Going from not even the top 35 Crypto to the 4th Largest Market cap, 3rd if you remove Tether. Well I was sort of short sighted and missed the boat. I bought BNB a long time ago at 10$ and sold around 30$, feeling pretty damn proud of myself for scoring that 300%. But it has...

rustygeeart

It certainly doesnt resemble a traditional double top but given that the rejection was pretty damn close to the last one it aint looking too hot. Doge can litterally go down to a single cent and be up triple digits this year. I thing the Doge bois are a bit too greedy. But hey prove me wrong, maybe ill learn something.

rustygeeart

Incredibly I managed to sell my BTC bag at 48k, one I loaded up around 31k. I dont know how, I just had a gut feeling at the time 50k was a bit of a strech, I normally never call these things perfect, so it was cool. Anyways I am waiting to reenter, here are three zones I am watching, the last zone is spooky. Spooky because going this low could spell more bearish...

rustygeeart

A roughly 16.5% move would put ETH at 2,000 and BTC at 50,000, these are two very popular spouted price points. Coincidence? We will see, it would certainly keep the BTC/ETH pair even if it happened.

rustygeeart

Just read the chart got all you need to know. .....sarcasm :P

rustygeeart

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rustygeeart Updated 

Well looking at any shorter term charts than Monthly on GME any technicals break down for this movement. Truth be told it is pure unfiltered meme power, channeled through jokes about Chicken tenders and Pepe the frog. God damn anyone who says there is any fundamentals behind this, because no you are wrong, they will not become the next Microcenter of PC parts...

rustygeeart

BTC is sitting in a critical zone riding two support/resistance lines, a sort of straddle position. The last low didnt make it down to the Fib reversal zone which I colloqially call the "Thirst Trap" give recent institutional perpensity to keep loading up on more coins each dip this week. Lets see if it doesnt get down there before performing a bounce higher or in...

rustygeeart

Closely watching this saddle between different support/resistances in the next hour or two to see where DIA wants to go. It has gotten massive rejection candles every time it attempts to stay above 2$, somebody or some people really do not want to let it make a break out yet, wonder how long they can keep batting it down to 1.5 every time before DIA makes a rush at it.

rustygeeart

Bitcoin has a bright future. A future that will change finance along with many other Cryptos a future I have no doubt holds in the cards Bitcoins that will shuffle hands at 6 figures. This post here isn't here to debate that. Rather to ask and to wonder what does the future of such a golden child hold from now until April? Bitcoin in no doubt has been pushed into...

rustygeeart

In my continuing series tracking DIA the last post I proposed after calling the bottom for DIA’s tumble that due to odd large order volumes it seemed that DIA was likely being corralled into a range that would form out to be an upward wedge that wouldn’t resolve itself format least another 3 days. Yet I admit here I was quite conservative, and the past day has...