In this video, I talk about what's going on in the market, including Bitcoin Dominance. I also talk about investing in "substance" and why crypto (in its current state) does not fit this form. This is not meant to be financial advice. This is meant for speculation and entertainment only. -Victor Cobra
In this video, I explain why I've become more bearish on the cryptocurrency market. I also talk a little about stocks, Microstrategy, and about bubble-like behavior. Of course, there is always the possibility that my bearish view will get invalidated. It took a lot for me to get here, so perhaps the market has just broken me :) It wasn't easy for me to become...
NANO has undergone some transformations over the last year. NANO community and development continue to thrive, after overcoming a challenging spam attack earlier this year. The fast, feeless currency now has Kyle Sherman (the CEO from FlowHub - a payment processor for Weed dispensaries that handles $3 Billion in revenue each year) on their advisory board. The...
Polkadot is one of those cryptocurrencies that piqued my interest this past bull market. Unfortunately, the online community is already becoming a ghost town, after the project appeared suddenly in the top 10 by market cap. Many cryptocurrencies are breaking down from their bull market uptrends, but DOT is still above. Should the support fall, I think DOT can...
As I wrote in my last analysis, I have flipped medium-term bearish on crypto. It took a lot of confirmations for me to get here, so it would be hilarious if the market decided to reverse here and make a new high. But regardless, until I see signs of strength, I will generally be posting some speculative projections about where I think the market could be headed...
Newer crypto buyers are given a lot of criticism for not looking at token supply or market cap. A coin's market cap is calculated by multiplying its circulating supply by the price. As I just did with CRO, this can help make some comparative market analysis to try and figure out what the "fair value" of something is. This is a concept that exists in other markets,...
Above, you can see the ETH/USD chart on the left, and the TOTAL crypto market cap on the right. As I've talked about in my recent posts, from a fundamental standpoint I have been leaning bearish for some months, though I still considered the possibility of some new highs for the market. Unfortunately, Bitcoin failed to sustain a new high, and also failed to...
I can see it now: "Crypto Reaches The Market Cap of Gold - Becoming The Ultimate Store of Value." The very the next day, the market crashes 30%. I believe we need a collective narrative in order to reach peak market euphoria, and the media can help us get there. Big players seem to be preparing for an influx of new investors. Will they come? Meanwhile, the recent...
There's a lot to talk about, so this is just part 1 of my market update. In this video I talk a lot about my own personal sentiment and feelings about what's going on. I go into a little technical analysis about Bitcoin, the TOTAL crypto market cap, ETH, LRC, LTC, and XLM. This is not meant as financial advice - it is meant for speculation and entertainment only.
Just a quick Bitcoin update. Big daddy is still in the broadening structure I've been watching for weeks. This still means more volatility seems fairly likely to me, even during the holiday period where many might not be paying attention to what's going on - hence the shenanigans.The UO (Ultimate Oscillator - red) finally looks like it's breaking the downtrend...
Litecoin gets a fair amount of hate, yet I still consider it to be an interesting part of my portfolio. Sure, it hasn't provided nearly the returns some other cryptocurrencies have. Nevertheless, it remains in a long term uptrend. Even if it crashed down to $80, it would still be in the long term growth channel. Despite my general strategy shifting to selling, I...
Continuation from the first video, since there's more I wanted to talk about. I make some comparative analysis between crypto and AMZN, and talk about the trendline versus SPX, which I noted last summer as a possible buying opportunity. Again, this is not meant as financial advice - this is for speculation and entertainment only. -Victor Cobra
Here I talk about the current Bitcoin structure, and what it will need to start looking bullish again. I also talk more about why I think this is an important moment for the market, and why I'm preparing for more volatility. I compare long term Bitcoin price action with Amazon stock, and I comment a bit about current price action for AMZN, and how odd it is. I...
Markets are anxious and emotional. You can see it in the volatility. I think markets are likely to continue being volatile, and the emotion that comes with this means people can become quite irrational. This leads the market to extremes (both to the upside and downside). Honestly, if Bitcoin is to make a new all-time high without going into a full-blown downward...
It always boils down to this with crypto. It's a market of extremes, and this is reflected in today's volatility. Practically speaking I think any large whale preparing to take action on today's FED announcement has likely already sent their coins to an exchange and hedged accordingly. The market tends to price in future events, but cannot always foresee true...
Bitcoin is currently trying to establish support in the mid-$50k region after an all-time high of $69k. What's interesting about the structure is that it shows expanding volatility - there are two broadening patterns enmeshed within each other. Broadening patterns show increasing volatility as time goes on. I think if Bitcoin manages to break out to the upside, we...
In this video I talk about the increasing volatility, Bitcoin, the TOTAL crypto market cap, Ethereum, XLM, NANO, NEO, VET, CRO, and LRC. I also talk a bit about Bitcoin dominance. Overall, the market is finding support at some long term trends, but I don't want to see prices head any lower if we're to remain in a bull market. We'll see what happens! This is...
After breaking out of a shorter term downtrend at the beginning of November, Bitcoin has tested the trendline as support yet again, and has formed a broadening wedge structure. Of course, how we view these structures can always change, but I do find trendlines like these pretty helpful. I think if the correction is already over, we should see Bitcoin break above...