RektBTC

RektBTC Updated 

Thesis: Covid brought tons of money printing and greatly reduced purchasing power of consumers. Many retail consumers became infatuated with high stock prices and started investing their Biden bucks and are now going to be left holding the bag. Consumer Price Index (CPI) has gone rampant this year much like right before the 2000 recession. Crypto markets turbo...

RektBTC

With crypto printing what I see as a "complacency" bounce, there are many good opportunities to short altcoins as they will definitely bleed harder than bitcoin. In the crypto space, many die hard Solana supporters have been "promising" a huge uprise in price during the summer of 2021 known as the meme "Solana Summer." Usually the markets tend to do the exact...

RektBTC Updated 

Fundamentals of Bitcoin: Bitcoin aims to be a vehicle for payments and a store of value, similar to gold. The payment aspect of bitcoin has struggled due to its lack of transaction throughput, but continues to succeed as a store of value due to its deflationary nature. Every 10-15 minutes, a new block is added to the bitcoin blockchain; a blockchain is simply a...

RektBTC Updated 

Im currently biased towards BTC testing $2k to mid 2k's so ZCash seems likely to double bottom around $30-40 (also the ATH for BTC in 2011). ZCash will then have target prices of $900 (neckline) and $3k if double bottom forms. if $1k is breached quickly, we could see $5k-10k Zcash during next bull run.

RektBTC Updated 

With bitcoin looking close to the bottom and many alts showing further downside targets that are not too far off, this seems like a likely bottom scenario for XLM/USD.

RektBTC Updated 

BTC is tearing up as expected. now that we are in price discovery, finding resistance levels is tough. thankfully, there's some confluence between the size of the waves from bear market, bitcoin log growth curves, and prices where we have found some resistance on the way up. Generally, in the long term, we are only going up from here.

RektBTC Updated 

This just seems exactly how its supposed to play out going into alt season. since these peak/trough fractals look so much alike i took the ratio of the days (dt/dp2 divided by dt/dp1) and extrapolated it for the next potential peak. lots of alts topped on alt/btc chart before bitcoin topped in december 2017 so this could actually make alot of sense. ONLY UP

RektBTC

This is analysis is a combination of my unbiased opinion on the current psychology of the market and how market makers play around overcrowded trades. 1. Longing stocks is overcrowded at the moment but its currently unwinding 2. Shorting the DXY is overcrowded so it obviously goes up instead and big players hedge their bets from Stocks/VC stuff into DXY and...

RektBTC

Markets are illusions. Price is emotion. Patterns are real. Here it is. The most GIGA-UBER-Reversal Pattern of the century. a 3000% ROI bottom to neckline adam and eve pattern. In the shorter term we see an inverse head and shoulders playing out to give ZEC/USD the gas to complete the long-term Adam and Eve pattern. 5k+ in the next few years for this asset. This...

RektBTC

with the help of many of the people ive met on twitter recently, I finally got my indicator to start running very profitably with default values. Feel free to change position size and % risked per trade to mess with experimental profit values etc. Have fun and thank you for check this out!

RektBTC

Currently there is an ascending triangle in play. It seems likely that price action will continue to go through accumulation in this pattern for about a couple more weeks. Two long term scenarios are drawn out and breaking long-term bear market diagonal is going to be key to stimulating some positive momentum for Bitcoin. Getting back to 6k is a likely target to...

RektBTC

Since the descending triangle pattern was confirmed, we've had 3 price targets that have hit with wicks. 1st target was $4500 level, 2nd was $3300 level and 3rd target is $2k level where we have a lot of support. There's no guarantee for $2k to hit but I will definitely be doing the bulk of my bear market buying down in the mid to low $2k region. I see no reason...