The_Blockchains_Own_Boy

The_Blockchains_Own_Boy

This self-explanatory chart is here to get a grasp on the psychology of the crypto-market. The FUD-fuel "Crypto-Winter" was nothing more than a long-awaited boom-and-bust cycle, something that old investors are quite familiar with. What they aren't familiar with, is the quick pace of this market: what used to take decades to settle down, is done in a mere 14...

The_Blockchains_Own_Boy

The more this price action unravels, the more this scenario looks somewhat coherent with what we're used to in the crypto-sphere. Of course there's nothing technical in this, just a nice-looking drawing. Enjoy, 'guys My only advice would be to stop using leverages altogether for a while. We never know. One thing's sure, next move will be... unsettling

The_Blockchains_Own_Boy

I always like to use different technical analysis to come up with new ways to analyze this market. Here, I used an EMA ribbon onto a ratio that links the amount of open longs to open shorts on Bitfinex. Basically, BITFINEX:BTCUSDLONGS/BITFINEX:BTCUSDSHORTS outlines the instantaneous sentiment of the market: basically, it tells us what the market thinks about the...

The_Blockchains_Own_Boy

While it's near-to-impossible to predict price actions in the near-future, there are ways to detect the current market state on a macro level with a well-known theory : Elliot Waves. The main idea is that price follows a predictable pattern, a pattern that is dictated by market sentiment. Furthermore, there are only two types of waves: "Impulse" waves, which...