VictorCobra

VictorCobra Updated 

After some time, Bitcoin has finally tested the $20k level. All the cryptos I held throughout the bull market are now below the levels where I first de-risked in January, 2021. This means that prices are now below every single one of my sell points. A move like this seemed likely to me, considering the breakdown of the 3-day 200 MA back in April. Prior to that, I...

VictorCobra Updated 

BNB has been consistently the best performing crypto asset since its inception in 2017. Since then, it has gone from mere pennies to nearly $700, outperforming both Ethereum and Bitcoin. How is this possible, given that the TOTAL crypto market cap lingers close to its 2017 all-time high, 5 years later?? How is this possible, given that the crypto market itself...

VictorCobra Updated 

The saying is usually "a wolf in sheep's clothing," but you'll see why I reworded it a little further down. The above charts show TRX (Tron) and BNB (Binance Coin) side by side, in what I believe to be distribution ranges after breaking uptrends. Distribution is how these players achieve profit (selling to prospective buyers). I think they will eventually break...

VictorCobra Updated 

This is just a quick update on Bitcoin. I will also include the Bitcoin/SPX chart in this post, simply because it continues to appear much weaker than BTC/USD, which I think is fundamentally significant - particularly with waning liquidity in crypto markets and the loss of broader appeal. In the above chart, you can see that Bitcoin is treading water above the...

VictorCobra

Just making a short projection. I don't want to spend the time making any long posts at the moment, but I do want to provide some quick updates. My guess is the long term uptrend for ETH will break in the upcoming months, resulting in new bear market lows for Ethereum. I think there's a decent chance it'll enter that green zone on my chart. All my fundamental...

VictorCobra Updated 

Zoomed in, you can see price is butting right up against that broken long term trendline, while the weekly oscillator is reaching the overbought zone. Price has also yet to reach the bottom of the curved channel (pink) The BLX chart is also mostly dominated by sell volume. Another odd thing to note is the enormous spike in volume on stablecoin traded pairs...

VictorCobra Updated 

Alrighty, now that Bitcoin is flirting with thirty-one thousand, it's time for a real TA / FA update. (Tradingview's got some weird glitches recently so I have to write out some of the prices). I did suggest back in November that Bitcoin seemed due for a rally towards $30k. I even suggested that a quick test of the $19.8k level was necessary for a break of the...

VictorCobra Updated 

Back in April, when Bitcoin was still well above $30k, I wrote about why I thought it could fall straight to $20k. The analysis ended up proving correct. I was looking at the 3-day 200 MA and the 3-day 50 MA. This is my first "long" idea for Bitcoin in a little while. Although my feelings about Bitcoin and crypto have soured since roughly one year ago, I don't...

20:00

VictorCobra

Hey everyone, here's a quick video update. It looks like there's something wrong with Tradingview's screen record function, so it's possible the video will not show up. In that case, this will be audio only and there's not much I can do about it. Finally had some time today due to a light workload this week (gotta love religious holidays). In this video, I talk...

VictorCobra

I'ts been a while! My posts will likely to continue to be sporadic, but I thought I'd share some thoughts on the current situation. I have a lot more to say, but my time is limited these days. So here it goes. I think it's become pretty clear that *if* crypto is the future of finance, Ethereum is not it. I feel like I've exhausted all my arguments as to why I...

VictorCobra Updated 

In July of last year, I wrote about what I thought we could see as a "best case scenario" for the crypto market. So far, even the current bounce has been fairly weak by historical standards. I've been pessimistic about this market, but even I expected more. Here's the original post: The market really needed to make a strong move a bit sooner. Since last July, we...

19:57

VictorCobra

Hey everyone, here's my first update in 2 months. It's possible I'll have enough time to make a written update today as well. Although I mentioned in my last post that it would be my last update for a long time, it seems a "long time" merely means "just a couple of months." Kidding. I just couldn't resist sharing what my thoughts are about the current market...

VictorCobra

This is going to be a long post, not only because it's a bit of a review of the writing I've done over my 4 years of participating on this site, but also because it will likely be my last post for a long time. So there will be a combination of numerous links to posts from the past as well as some reflective banter. Over the coming years, I think we will see some...

VictorCobra

In May, 2022, I wrote about how I thought the TOTAL crypto market cap could head down towards the $760 Billion level (all-time high from 2017) when it was still well above $1 Trillion. Here is the original post: Here is another post I wrote back in April 2022, when Bitcoin was still flirting with $40k. In this post, I wrote about the "death" of Bitcoin, which I...

20:00

VictorCobra

It's been some time since I last posted a video. You may notice a slight difference in my appearance. In this video I cover the ETH/BTC ratio and its "surprising" stability. I also talk about target levels for a breakdown, should it occur for ETH. I also briefly mention Litecoin, along with an even more brief mention of TRX and BNB - a couple other coins I've been...

VictorCobra Updated 

Solana is one of the best performers from the bull market, and was one of the few to actually achieve a 1000x increase. Multiple coins did this in 2017, but very few did this time around, most likely because leverage can now be used in the crypto market. Pumping altcoins by this much doesn't seem worth the risk anymore, considering they often just retrace most of...

VictorCobra Updated 

On May 27th, 2022, I wrote about why I thought it was possible Bitcoin would never outperform the stock market again on bigger timeframes. Here is the original post: Since my last analysis, Bitcoin has so far failed to reclaim the local uptrend and develop any support above the previous all-time high, around $19800. You can see the current daily chart zoomed in...

VictorCobra

Well, here we are. After months of frustrating action for traders, Bitcoin has finally given a sizable move. Not too long ago, I had just begun to see the possibility of a bigger relief rally for the largest cryptocurrency. This was due to some technical developments, coupled with the lack of bad news in the crypto market. Granted, I had no intention of purchasing...