chillcrypto

chillcrypto Updated 

FWIW We have a well defined area of support at 35.5k that we have bounced just above several times over the past few days. So far we are holding a small upward price channel. Next resistance up we’ve hit a few times is in the 38.9k to 39.5k range. Then a larger hurdle at 40.6k. Risk to the downside is a corrective wick to 32.6k, which touches a line I...

chillcrypto Updated 

Totally within possibility that we could repeat last January. We are close however to breaking down lower, which would not bode well at this level. I would expect the entire market at that point to reconsider what is achievable in the near term. FWIW and not financial advice. All the best.

chillcrypto Updated 

I've been studying Long/Short for guidance on where (or if) Bitcoin will rebound. The following is my opinion based on what I perceive. I welcome contrary, corrective and constructive points of view. None of this is financial advice. At this time there is an obvious bias towards the shorts. We should have confirmation as soon as Jan 11. In summer 2021 when we...

chillcrypto Updated 

Where will retail traders say, 'Bitcoin sucks, I'm going to make millions shorting it.' And by the way, no we are not hitting 10-12k by Christmas - so whoever trolled me this summer with that, you get a lump of coal. Not financial advice. I'm only complaining. :-)

chillcrypto Updated 

I am hopeful we will turn this around soon, but I'm just not sure we have enough powder to push upward out of the downward trend. We seem to have confirmed the lower support twice and if we are able to post a higher low, who knows, maybe we can turn this around sooner rather than later. IMHO of course. Not financial advice. btw the way - thank you TV team for...

chillcrypto Updated 

Our recent breakout was a fakeout and we again have tested the support level indicated. We will soon be at a convergence of upward trendline and tested support. This poses an important point, up or down. At risk if we break down, we could revisit and test our August low. However the more likely scenario will be a push back up to 57-58 range. The question remains...

chillcrypto Updated 

Thank you Chainlink for making my holiday a little more cheerful. Looking back at prior similar price action, current momentum appears to be slowing as we near an area of resistance that we have met previously. In that prior activity, we pulled back to confirm support and then moved higher. Of course this time could be different, but it would be completely...

chillcrypto Updated 

In this current trajectory, assuming the market is maturing and no significant parabolic run, our next target is about 20% above our current position in the late Feb-March timeframe. A parabolic run obviously would break out of the current rising wedge. Looking back, our last major push from Ethereum began in the Feb-March timeframe. Seems reasonable to expect...

chillcrypto

As Ben would say, dubious speculation. Not financial advice. We have been confirming the current upward channel for some time. A pullback to the 3700 territory, followed by a push back up to the top of the channel would put us at the ATH mid-to-late January. I would like to wish all my fellow investors, speculators and traders a happy, healthy and hopefully much...

chillcrypto

ADA has bled 57% against ETH since 29-August. With so much luster lost, a push through would need to be strongly proven here. Not financial advice. I do admit to holding some ADA (that I have not sold in favor of ETH). Please #DYOR.

chillcrypto Updated 

Quite a bit of profit taking here as the distribution similarities to earlier this year continue to play out. (See my prior idea.) I am still in this trade unless we see a hard pull back but the lower trendline at around 63k seems to be (just like the prior pattern) the home base we return to prior to pushing up higher. Obviously not financial advice. You should...

chillcrypto Updated 

No real surprises. Zig zag up we go. Down today, up, down, up. We'll keep an eye out for dropping out of this channel to signal any real significant pullback. My charts are for educational purposes only. #NFA #DYOR bla bla bla

chillcrypto Updated 

This is not a prediction, just a what-if scenario echoing Jan-May 2021. Yes we are seeing continued large institutional / whale adoption. No we are not yet seeing retail FOMO yet. Much of the retail money is speculating on alts, and frustratingly getting wiped out on leveraged trades. Shiba is the new Doge. Everyone is looking now for the next Shiba. I'm just...

chillcrypto Updated 

FWIW, I'm simply trying to put some boundaries around my Solana bag so I can work on a 'what if' Solana has seen its 10x and is simply going to 3x from here. Maybe an upward channel doesn't even make sense but at least we should know this week whether we pull back and consolidate.

chillcrypto Updated 

Some of you who are much more technical than I can point out that a rising wedge is formed along with a diverging volumetric trend. However it seems the recent alt breakout led by Solana and others have invalidated the rising wedge? I'm watching this one to see whether we continue this pattern.

chillcrypto Updated 

Just briefly my perspective is following yesterday's euphoria, reality that people do take profit. I am optimistically seeking a bounce from this level. However it is also possible we re-test lower. Not financial advice. DYOR for fun and profit.

chillcrypto

On the news that GBTC was discounted up to 20%, many buyers came in yesterday. But is usually the case with FOMO, the next day BTC took a breather and buyers quickly turned to sellers. Clearing this area of resistance will be difficult as the next one up will be the fund's ATH. You can clearly see the hours-long retracements on our current up-trend. We should be...

chillcrypto

Complete dubious speculation. Obviously Bitcoin is on a roll. I am a perma-bull so take this for what it's worth. The way that we have walked into our ATH is very similar to last February. Whether or not we continue to the moon from here without stopping, that is the question. Last February I had high hopium only to see Bitcoin fade in March. As we are all now...