Nasgeth

Nasgeth

We can see the Moving Average (99) is acting as a strong resistance. Since we lost all of the obvious trend line supports, we're in choppy waters until we find support and establish a bottom. It's basically a game of hot potato or musical chairs right now; therefore, definitely not a time to be bullish. I wouldn't adopt lofty price predictions while fund managers...

Nasgeth

Published this idea yesterday where the second red arrow is, but it was hidden by a moderator and I was given a warning because it had a twitter link to a chart image in the description. Seems a bit harsh, but whatever. Reposting the idea exactly as it was but with the twitter link removed, for posterity. You can see what happened when there was a clear break of...

Nasgeth

"In retrospect, it was inevitable" - Elon Musk But sometimes you can force fate's hand...

Nasgeth

If we follow market cycles exactly, then this idea is wrong and bitcoin has a technical target upside of 180K-200K for this year; however, I just don't think that is plausible this time around. The reason is that bitcoin has too much exposure; the entire world knows about it now, and almost everyone I know is a crypto trader these days. This can't be a good thing....