zmassey

zmassey Updated 

XRP failed to break out of descending wedge which has been a consistent psychological barrier since mid-September. Opportunity for a short position down to 0.22 USD. Take profits 1-2 weeks in advance of SBI launch date which will be on the 31st of March. I do believe this is a 'sell the rumour buy the news' trade setups, since demand will be primarily driven by...

zmassey Updated 

Some interesting dynamics are coming to light about a precious metals and Crypto price relationship. This coupled in with an ever increasing negative correlation between US equities and Crypto's since October (after >2% movements up or down in US equities). Some people argue POW is dead and that bitcoin will go to $0. I personally think that BTC will always hold a...

zmassey Updated 

The bitcoin chart is nothing but volume. Forget about support lines, fib, candle sticks and any other fuggazi. Because of the efficient market hypothesis, bitcoin has a relatively weak amount of price discovery when compared to more marketable securities/assets. It's incredibly obvious what this market is all about: Big volume brought to you big whales. Bearing...