NoOneWhoIsSomeone

NoOneWhoIsSomeone Updated 

As with any use of historical data, this is not indicative of the future. While something has occurred in the past, it is not guaranteed to repeat in the future. That being said, more often than not it does rhyme. These charts are the visual representation of human psychology. Usually, I would look at these comparisons and doubt the significance it would have in...

NoOneWhoIsSomeone Updated 

After a relief rally across all markets, we have seen a decent rise in BTC, breaking a key downtrend it was stuck in for roughly 3 months. Now a key point here is just because there has been a break of the downtrend, doesn't mean it doesn't form another one right after. This happens all of the time. Im not saying this is going to happen, only that a breakout is...

NoOneWhoIsSomeone

As you can see the price has clearly retested a 13-year-old channel it has formed all the way back in 2009. If the macro landscape were in better shape than it is currently, I would consider this to be very bullish. That being said I do believe this will only be a short to mid-term support zone from here. In fact, once there is a breakdown back into this channel,...

NoOneWhoIsSomeone

As we can see ETH has had a bit of a bounce after a steep sell-off to $2200, which is common with such a strong move. At the moment it looks like price is having a Bearish retest of a broken level where it has good potential to be rejected. RSI is approaching downward resistance on the 8hr, which is in confluence to the Bear Flag ETH is currently trading in on...

NoOneWhoIsSomeone

BTC has already tested a breakout twice before in this extended downtrend and is now looking to test it a third time. The breakout patterns have been relatively similar and I expect the same in this case. If there is a break in the trend of the previous two breakouts that would be a decent signal that momentum is turning one way or the other. S&P has had a...

NoOneWhoIsSomeone

I've seen some very popular public figures on social media promoting and talking highly of Floki over the last 6 months. Of course, this is just a select few when it comes to tweets promoting Floki, but these were just the most popular and easy to access without digging too deep. The point here is that promises lead to nothing. No one knows where the price is...

NoOneWhoIsSomeone

When times are as unpredictable and erratic as they are today, it is best to erase as much noise as you can and take the most simplistic/reasonable approach. The most important concept an investor must first understand is to follow the trends. Countering a trend or predicting a trend reversal without proper risk management will leave any portfolio blown up. Timing...

NoOneWhoIsSomeone

When times are as unpredictable and erratic as they are today, it is best to erase as much noise as you can and take the most simplistic/reasonable approach. The most important concept an investor must first understand is to follow the trends. Countering a trend or predicting a trend reversal without proper risk management will leave any portfolio blown up. Timing...

NoOneWhoIsSomeone Updated 

This post is not meant to offend anybody. This is not a jab at bulls or bears. Markets flow both ways, always. If you find yourself offended by this post, you're likely overextended or you're trading with heavy emotion. Both result in very poor outcomes. That being said try to take my post for what it is and use it to gain some possible perspective of the market...

NoOneWhoIsSomeone

This is just a small update to my previous analysis here; I am using many different Fundamental and Technical factors to form a solid analysis for the market future, so to cover them all here would take a big write-up. Because of this, I will just link you to my two most recent posts that cover both my Fundamental and Technical reasons for the analysis. First...

NoOneWhoIsSomeone

Bull Markets go through 3 phases: 1. Stealth Phase- this is where the smart money positions themselves for the run. (2020) or Just check Nancy Pelosi's portfolio. 2. Awareness Phase- this is where we are at and have been at since the last two months when it has become common knowledge the Fed is going to decrease spending and tighten monetary policy . Sentiment...

NoOneWhoIsSomeone Updated 

BTC has seen a small bounce rallying with the S&P but this is to be expected. There still is major ground to be retaken and will need Market Conditions to remain favorable given inflation and monetary tightening fears. BTC is showing a clear J pattern after a local break out which suggests a reversal pattern to lead to correction in this area. It is also...

NoOneWhoIsSomeone

The FED printed $7,000,000,000,000 in 2021. That's 222k per second. Imagine a printer that prints out over two thousand $100 bills per second. Despite what the media tells you, Economic growth has been cut at its legs because of Covid. In March/April 2020 when the economy was initially shut down, we lost 22 million jobs. Those two months wiped out all of the...

NoOneWhoIsSomeone

Since the May sell-off, BTC has shown the same pattern of accumulation multiple times. 1. Leverage Shakeout 2. Consolidation #1 3. False Breakout 4. Consolidation #2 5. Rally If the pattern is to repeat, we are potentially in part 4. Not to mention, most have flipped bearish and the direction seems clear to most which they believe is down. There was also a...

NoOneWhoIsSomeone

Market sentiment is very mixed at the moment as bulls and bears try to pinpoint exactly where the market is going. In short, nobody has a single clue. There are inflation fears, monetary tightening fears, Omicron fears, supply fears, and even macro trend fears. A recent study suggested that 55% of Bitcoin investors expect BTC to be lower than 60k. While this is...

NoOneWhoIsSomeone

Here we see a 12345 Impulse Wave followed by what looks to be an ABC Corrective wave. If market conditions stabilize and $Unity finds support near the C wave down, this should be the reversal point. It's important to note that this C wave has two potential targets; Target 1- $126 Target 2- $112 The best-case scenario is price stabilizes here and retakes the...

NoOneWhoIsSomeone

Anyone who is comfortably shorting at this level is an absolute lunatic! Have a good weekend everyone!

NoOneWhoIsSomeone Updated 

Not going to go in-depth on this one and just going to keep it simple; Positives: Higher High on RSI Falling Wedge Pattern: Roughly 70% bias to the upside Near All-Time High support level Very beginning of December, AKA Holiday extravaganza Negatives: Transformers are attacking Earth. Omicron is here to stay, the potential impact is significant but I'm...