UnknownUnicorn416662

UnknownUnicorn416662 Updated 

Dear Reader, Although i am super bearish in the short term, I do see BTC heading for the moon in the longer term. A great many of us share this viewpoint. My previous ideas have hinted that we are in for a drastic move downwards, but as an alternative to where we bottom at $ 3500, I would like to tackle the analysis from a bullish vantage point which does seem...

UnknownUnicorn416662

Dear Reader, It's been a frustrating time in the wacky world of (often incorrect) TA. Almost nothing works as it should right now. Many pro's are sitting on the bleachers, eating popcorn and watching the FOMO frenzy as the general public hurl their life savings into the crypto markets. It's a gamble which may or may not pay off. Many of us feel that a...

UnknownUnicorn416662 Updated 

Dear Reader, On the hourly, we have a symmetrical Elliot Wave triangle atop a flag pole. Will it break upwards? .. seems rather likely right now ! Am I still bearish? ... YES !!! I believe a trap is being set as indicators are still showing bearish momentum and lower time resolutions confirm. These are treacherous waters ... best stay out for the time being.

UnknownUnicorn416662

Dear Reader, If you've been following my posts with any interest, you may have noted that I presently side with the big ol fuzzy bears! However, I decided that a fresh point of view is much needed to find new perspective in the TA twilight zone where we presently find ourselves. Therefore, present this idea from a neutral vantage point. Other than a resistance...

UnknownUnicorn416662

An interesting fractal pattern has emerged - a three level deep, nested rising wedge! Although nobody really knows what the heck is going on right now as we seem to be in the TA twilight zone, my money is on a sharp and significant price drop.

UnknownUnicorn416662 Updated 

Dear Reader, I do not have a crystal ball and cannot predict the future with any certainty. However, I would like to present a possible outcome for your consideration! The chart shows that: 1. We appear to have a squeeze at the top of a rising wedge, from where the price will break downwards relatively soon. 2. Divergence is present on the MACD & RSI ...

UnknownUnicorn416662 Updated 

We've all heard the news. Panthera capital says its time to fill our crypto coffers, as a rare buy signal has come about with the price below the 200 day EMA (now crossed). However, myself (and apparently many other analysts) still believe that BTCUSD is still to fully emerge from the woods. Until we see gains above $11500, BTCUSD is under strong bear control....

UnknownUnicorn416662

Dear Reader, Bitcoin is the digital gold standard and all must follow its lead ! I often encounter TA & commentary which spreads misinformation about altcoins. It behooves me to reassure you that alts cannot be analyzed in isolation from bitcoin. Please take a moment to review my chart, where random top altcoins overlay bitcoin (kids .. you can try this at...

UnknownUnicorn416662

An interesting thought experiment ... I've created an overlay of BTCUSD LONG (GREEN), BTCUSD SHORT (RED) & BTCUSD (BLUE). It's apparent from the chart that long positions are closing, shorts are accumulating and set to (possibly) increase - all while the bitcoin price is on the rise. Are we taking about a classic divergence which is going to herald the next...