So the TA works... You just can't use stop losses with it now. Stop losses would've been the only thing to save you from the previous pretend bottoming patterns, so only the traders using them would be able to profit now. So, as a good market maker, you have to take that away...
Looks "too perfect", which is why I think it will play out. Everyone bearish.
Monero... When you listen to every major player in the space, from Andreas Antonopoulos to Roger Ver, all the way to Richard Heart, they all mention Monero. Everyone important knows it's worth note and it's here to stay. The shakeout in XMR has been great, as the pump and dump on all of crypto has been executed arguably flawlessly. If you believe cryptocurrency...
The most resilient coin to the pump and dump, probably because it is actually being used. Signs of reversal are beginning to show. I'm long vs BTC. Altcoin markets will begin to form their sucker's rallies and bull traps. The ones that have proven their worth to the trading algorithms should rally to 50-70% of their respective ATHs over the next 6-12 months. The...
Sucker's Rally in BTC most likely over. We should experience sideways/downward price action for several months, to shake off anyone who gained belief. It is possible that the altcoins that will survive will begin to pop here, vaulting towards their "Sucker's Rally" peaks. My list of these alts is ever-evolving, based on their resilience to the falling...
I believe you are about to witness what I have experienced firsthand and I've referenced several times in the past on here. The shakeout that changes everybody's mind... All long positions in alt/BTC pairs MUST get liquidated. All stop-losses MUST be triggered. All holders that are looking at this MUST experience PAIN and FEAR. That feeling in your stomach that...
Alts that are going to survive are still expected to experience a MAJOR sucker's rally. Whether ETC will be one of them, we'll find out. 99% of alts should descend into oblivion from here. MAYBE they'll get a bull trap. My list of alts most likely to survive has been changing, based on how much the algorithms are able to dump them... Alts with no buy support and...
Final shakeout still expected. More time than expected. Please note: this does NOT mean BTC is a long. It also doesn't mean alts are a long, yet. It means we should see that "buy when there's blood in the streets" opportunity very soon. Wait patiently for opportunity. If this ain't it, we'll continue to wait. Always forward. "Rule #1: Never lose money."
The sucker's rally on BTC is over, from here we descend into disbelief. At what point will all who regained faith be broken? 8k? 7k? 6k? 5k? That's not for me to decide... The algorithms will find that out. Remain zoomed out. It should be easy to tell.
Just like December 7th, 2017, we should experience a SOLID shakeout, before the alt markets rebound. And by the alt markets, I mean only the ones that will survive the "bubble". Be ready to buy your favorite alts, but DO NOT CATCH THE FALLING KNIFE. Wait until it's over. This is the opportunity of a lifetime. The opportunity great traders wait for. We should see...
Follow the wall street cheat sheet. Luckily for us, the manipulation is limited by human psychology. What I mean by this is that the market can only be stretched in either direction until it runs out of sellers or buyers and further pushes turn it into loss instead of profit. Example: There were less people left to sell to the algorithms when Bitcoin made it to...
My favorite coin to survive the shakeout. By far the safest bet in crypto, but probably the least rewarding. Twice I've called alt season and twice I've failed. Third time's the charm? Alt charts should be making their way to the disbelief stage vs USD very soon, now that BTC has had its steep "sucker's rally". I've seen the alt market act like this before, in...
Twice I've called alt season and twice I've failed. Third time's the charm? Alt charts should be making their way to the disbelief stage vs USD very soon, now that BTC has had its steep "sucker's rally". I've seen the alt market act like this before, in December of 2017. It appears the algorithms are using the same technique to hunt. Push down until there's no...