Cryptotrader
I'm eagle eyeing this MARKET so YOU DON"T HAVE TO! - WWG1WGA -CORRECTION - I KEEP saying INVERSE H&S and I meant H&S . I'm very sorry... I'm hella tired and I've been up with a 3yo and a 3mo baby since 5am .
SHOUT OUT! -- FIRST OFF! -- Thank you to all the FOLLOWERS! and Likes! That means a lot, REALLY it does. I hope you are learning and increasing your odds as a market speculator... because THAT IS WHAT YOU ARE! you are a SPECULATOR. Maybe a lot of you know that already, maybe you need to hear it again from a friendly person and not from getting your pee pee slapped because you got to confident! anyways, that's my pep talk, stay humble, all ways be reforming!
-thank you to followers, I need more. I'm looking for hand outs HONK HONK but seriously, share this shit!
TWITTER @90dayJeff - I'll take requests for analysis - ping me on Twitter
NOT financial ADVICE - ever notice how every speculator wants must CYA by saying "Not Financial Advice"? That's because the doesn't want regular people talking about money with authority, because whatever controls the money, controls the people. Just ask the Apostle Paul . I'm not trying to preach here, but I'm sure you feel me anyways! -Soli Deo Gloria -WWG1WGA
Are We Just Getting Started? (Crypto Update - BTC, XRP, ETH)Just a quick video update, since I like doing these : ) Things continue to look good for the market, as it seems that we're preparing for a markup to some higher price ranges, after finally leaving the $6K consolidation area/pivot zone behind. I think it's fully possible that we never see $6K prices again, barring some sort of flash crash or black swan event. Of course, there is also a chance that we could revisit some lower levels, but that probability seems to be diminishing by the day. Regardless, I think we need to see a strong weekly close.
This is just my opinion, and should NOT be taken as financial advice.
Here are a few of my favorite charts:
Where I speculated about an upcoming reversal in January:
My Ethereum/AMZN comparison:https://www.tradingview.com/chart/ETHUSD/KhbGXYSq-Comparing-ETH-to-AMZN-After-The-Bubble/
Most recent Bitcoin chart:
-Victor Cobra
Time For Me To Sit Back And Relax (Crypto Update)Hey everyone, hope you're excited as I am about what's going on with cryptocurrencies right now. I built long term positions on a bunch of coins over the course of the last year, and now the market is finally moving up and away. In my first ever Bitcoin analysis, I actually speculated that the earliest the market could reverse would be late January/early February 2019 (based on previous cycles). This is exactly what happened. Below are some of my favorite recent posts. Not going to list all my successes as an analyst here. I already did that a little while ago (linked at bottom).
Here is my recent post where I forecasted a move up towards 300B for the market:
Where I suggested Bitcoin was about to reverse in January:
"Targets
5050 (green X - Main Target)
5100
5200
5600
6000
And even as high as 8K if a reversal occurs. "
How about that??
ETH follows my AMZN comparison perfectly:
Video explaining why bears kept getting it wrong:
Where I said NEO needed to bounce ASAP:
Call for a potential dump towards 1300 for XLM before reversing:
Speculating about an incoming alt cycle:
Potential Reversal area for XRP:
This is not financial advice, and I am not a professional!
-Victor Cobra
Bulls, Prove Me Wrong! Seeing some very worrying signs in the market today. NEO, for example, has broken its uptrend against the USD while Bitcoin is ABOVE 6K. NEO was actually one of the first altcoins to look bearish in Fall, 2018 before Bitcoin dropped. The title of this video says it all. Posting some bearish analyses today, as you can see. There IS a bullish view of the crypto market (linked at bottom), but time seems to be running out for this to qualify as a "bear trap" for alts.
A breakdown in Bitcoin here could send the market spiraling out of control.
But let's see where we stand in a year or two. Apologize for being so bearish, but maybe this is the fuel needed to finally reverse for some of these cryptocurrencies. This is in no way financial advice.
-Victor Cobra
Bears Keep Looking At The Wrong Charts!Just a cryptocurrency update for today since the total market cap broke out of its bull flag after my post yesterday. This video includes the total market caps (with and without BTC), Ethereum, Bitcoin, and a bonus AMZN chart. This is not financial advice. This is just what I'm seeing, and why I think the market continues to move up, despite incessant calls for a big retrace.
For reference, here are all the charts where I gave arguments for the bottom being in, beginning from my Long setup in January. This is so you can see my thought process as I tried to navigate what has been going on in this crazy market.
Long setup from mid-January, when Bitcoin was still around $3500:
Speculation about the bottom being in (end of Feb):
Call for a move up towards 6K in early march:
Where I used the ultimate oscillator to speculate that the bottom was already behind us, and that we could be due for considerable upside.
Nailing the breakout above the final bear market resistance (though the Bitfinex situation has changed things - won't be using this chart for now):
-Victor Cobra
Why Bitcoin Hasn't Dropped Yet + Altcoin Market Analysis Sorry for the length of this video, but just wanted to post this and explain why I think Bitcoin hasn't dropped as much as people have been expecting. Could still happen, but this video is an attempt to look at the bigger picture.
This is not financial advice. This is just my thoughts based on what I'm seeing, and should be used for educational purposes only.
-Victor Cobra
Crypto Is Either On The Verge Of Collapse OR ReversalThe market is at an extreme zone right now. I think we need to see some reactions from buyers soon if the integrity is going to be saved. If you're long on cryptos, right now may be the final buying opportunity before altcoins like ETH, NEO, and XLM start to go on major bull runs. However, it also may be the worst buying point, because the downside from here could be pretty major if some of these trends are clearly broken. The best trading opportunities are usually the ones that feel awful at the time, because you're going against your own psychology. This is why most people lose money trading.
I think we are either seeing an epic bear trap for altcoins...or the recent rise was the biggest bull trap of them all. This is an "up or down" post, full disclosure. This is not a recommendation to buy or sell. I'm just giving a couple of extreme options, based on what I'm seeing.
Again, this is not financial advice. Just me rambling about how I'm feeling about the market at the moment. I think it's make or break time. With all the bullish news recently, it would be really unfortunate if the market failed here, and it would prove yet again that people should simply stay away. I'd like to see it reverse as much as anyone else, but hope only goes so far when there are other forces at play.
Good luck everyone!
-Victor Cobra
Crypto Warning - Major Decline or Final Bear Trap?My biggest problem in this market right now is being unable to figure out whether this was a giant bull trap, poising us for another major decline, or if this potential drop will be the final bear trap before the bull market resumes. In this video, I present the bearish view, and why it's a strong possibility that we will see lower prices. IT DOES NOT HAVE TO HAPPEN. We could be on our way to a reversal. I'm just expressing my feelings of concern, and why Im feeling this way. Perhaps this means it's a good buying opportunity. Or...if we do drop quickly here, it could also be that final capitulation many people have been waiting for to end the bear market.
Things have not played out the way I would expect them to however, if the market was reversing right now. And much of that has to do with the performance of ETH, XRP, and XLM.
Additionally, a lot of altcoins have reached my bullish targets:
LTC to around $100 (expected retrace towards $50-60 at minumum)
XLM to $0.13-0.14
NEO to $13-14
NANO to $1.80
This idea is not financial advice. I'm just taking what I see and doing my best to analyze it. This is also the sort of psychology that would cause people to consider selling, due to risk aversion. If the market does drop here, this is the psychology behind it. It's a bit of a parody, but this explains the snowball effect, and why a speculative market like this is strongly influenced by psychology, rather than external news:
1. The market looks like it's reversing! Finally! We made it guys!!
2. But wait....why are my small cap coins crashing? Will they survive the bear market?? Better put my money in safer altcoins or Bitcoin.
3. Damn, my "safe" alts aren't doing anything. Maybe that wasn't the bottom after all! Better put all my money into Bitcoin, in case it takes over.
4. Why isn't Bitcoin going up either?? Wait...it's dropping...the whole market is dropping! Better sell everything! (Capitulation)
I will probably post a more detailed written analysis soon when I have more time.
-Victor Cobra
Victor Cobra's Trading Challenge Part IV (Risk Management)Update on my small trading challenge. Just sold everything for a 20% overall profit, since I wanted to lock in some gains. Some of the coins (XRP and XLM) may bounce soon, but the market is looking a bit scary to me at the moment, so I feel more comfortable exercising some risk management here. I can always look for better opportunities later on.
This is not financial advice. This is just an update on what I'm personally doing.
-Victor Cobra
April 8th Bitcoin Market Update - Support and ResistanceFollow me on twitter and check out our exciting Youtube channel (links below)!!!
Smash the Like + Follow if you found some value.
Also drop a comment and tell me where you think Bitcoin and market is headed in the short-term. Also are you bullish or bearish on the market fundamentals and why?
Thanks,
Bobby
PS - Always feel free to message me on tradingview, email or twitter if you want to talk crypto. I'm always looking to collaborate with anyone at all levels of trading.
What's Up With Ethereum? A Comprehensive ETH AnalysisI wanted to post this video because this has been nagging at my brain for the last several days. I hope you enjoy (if you can make it through the whole thing).
This video is not financial advice. This is just a rant about what I'm seeing with Ethereum.
-Victor Cobra
Victor Cobra's Trading Challenge - Part III (NANO/XLM/XRP)Just an update. Things are going decently so far. I guess we'll see how things develop.
This video is not financial advice. This is just to log my personal venture.
-Victor Cobra
Victor Cobra's Trading Challenge - Part II (NANO/XLM/XRP)NANO has moved up 40% in USD since I bought in. Looking to take at least partial profit soon. XRP and XLM have moved up in USD value, but sold off into Bitcoin during today's rally. That's okay. This is a USD trade (so I don't care much about ratios, although it would help me make better trades, obviously). Let's see how things continue to develop!
Here's the link to the previous video with targets in BTC and USD price:
This is not financial advice. This is a personal trade. Just keeping track.
-Victor Cobra
Victor Cobra's Trading Challenge - Part I (XLM/XRP/NANO)Repost of the video I made last night. This one's a little shorter. I bought 3 coins with the intention of cashing out completely once I reach a profit goal, rather than holding long term. I may fail miserably at this, but it's a learning experience :)
Entries:
NANO - 2525
XRP - 7600
XLM - 2620
Targets:
NANO - 2750 (already hit), 3300, 4000, 6000
XRP - 8700, 11000, 14000, 22000
XLM - 3500, 4000, 5000
Possible USD targets:
NANO: $1.80-$2.20
XRP: $0.60-$1.00
XLM: $0.25-$0.35
Looking at the XRPUSD chart is interesting. On the Bitstamp log chart, we seem to have broken out of the triangle and even retested it as support:
XLM as well. May complete a giant inverse head and shoulders on the USD chart.
Anyway, this is not financial advice. This is a personal trade I'm doing, and it may not play out in my favor. I will post updates.
-Victor Cobra
BItcoin Breaks The Final Linear Resistance! This is a video update of what I've been looking at with bitcoin. The odds just increased that the bear market is slowly ending for Bitcoin (it's more clear with alts). On Bitfinex, if we continue up and break the triangle resistance, I can see us targeting the 4600-4700 (4550 on Bitstamp). In the video I said 4500 for Bitfinex, but forgot that I was using different exchange charts in my analysis :P
Hope you enjoy!
Not financial advice. Just a quick update :)
-Victor Cobra
This is NOT Analysis - Victor Cobra Spills His GutsHey everyone - In this video I discuss my difficulties with the market, as well as where I am with my life right now.
Maybe some of you out there can relate to it, or find something insightful about it. The crypto market is very exhausting, as you know. There's a lot going on. Too much, in fact.
-Victor Cobra