LoreZyra

LoreZyra

It's the return of the GOX nightmare that everyone had all but forgotten about. The BTC Yakuza (Mt.Gox trustee) definitely sliced the beef steaks of every "perfect" buy entry on the market as they dumped over 60000 BTC! Interesting that they seem to stop after collecting a bit over $400 Million USD. This would satisfy their creditors. But the question remains: ...

LoreZyra

Welcome back to the slaughter house as a chain of bad news pours cold water on our Club Moon rocket fuel. Let's jump directly into the 4H chart. (Last publication failed to notice the chart wasn't on log-scale. Sorry.) From March 1st, the bulls were slowly marching the price towards our downtrend channel top, the volume remained low and mostly sideways trading....

LoreZyra

Welcome back to Club Moon! Looking at the 4H chart, we have finally broken out of the downtrend channel and slowly moving up towards the 618 fib. Noting that the EMA200 has finally made the golden cross with the EMA50 and we are above the bearish ichimoku clouds. I suspect we will see some sideways trading before some BTC Yakuza primes the pump. I'm guessing the...

LoreZyra Updated 

Looks like the bulls managed to skate by the bouncers at the 2017Q2 lower support trendline. Then the market rallied at the news of Goldman-backed startup Circle buying Poloniex . To my horror, I watched my shorts die a terrible death as the stampede of bulls rushed the market north $500USD in less than 30 minutes! The BTC Yazuka didn't just open the doors,...

LoreZyra

As we have inched closer to testing the 2017Q2 rising support trendline from the 4H CEXIO:BTCUSD chart, we need to see if the bulls have what it takes to open the doors to Club Moon. The BTC Yakuza (aka "btc dolphins") may have other ideas. If the Asian (Japan, South Korea, China) bulls can't rally north to the top of the major downtrend channel, then we may see...

LoreZyra

From the 4H chart of CEXIO:BTCUSD one would cheer for the action to head north towards $12.7K... Just when you thought the bulls were going to guide the price action back towards the upper barrier of the major downtrend channel (dashed cyan), the bears throw a party and swat it towards the lower support line extending from 2017Q2 (dashed yellow). If this support...