Based on Bitcoin's performance, it looks like Bitcoin should head towards a correction price of $7,000-8,000 which will push ADA and the entire market down. Great time for accumulation (0.035-0.040) than wait as it heads back up.
If we take a look at the last two bull runs of June 26th and July 9th , the MACD and RSI have similarities to todays bull run. Sure, RSI is over bought but this was the same case as the June 26th bullrun. As you can see the MACD resembles the MACD as of now on the 4HR chart, which means it could push further upward. The RSI peaked at 92 on June 22nd, came down to...
Looks like Bitcoin is unable to break the $12,000 mark. Based only on Coinbase, there is a wall of at least 150-BTC at the $12,000 mark and the buyers are thinning out. If Bitcoin keeps playing between $11,700 and $11,850 buyer confidence will be disappear. Oscillators are neutral, and shorter time frames are showing sell. Watch out, once it goes, it goes fast. If...
While some are saying that these declines are corrections, others say its a bear market.. but, I say it has a lot to do with the recent threats of cryptocurrency regulations and the Facebook Libra hearings. Keep an eye out, because Libra was put on pause until Facebook can be grilled about Libra. Libra isn't the issue, but regulations are. Just like stock markets...
The similarities of the Dec 2017 spike and crash of Jan-Fed of 2018 seem eerily similar to what we see today. In fact I highlighted the parts that seemed very similar. Color for color, move for move, and even the time frame seems quite similar. Within a few months, we saw a huge spike in the price of Bitcoin, than a quick decent. As of this posting; Bitcoin...
Quick chart: Don't be fooled, by thinking some stability has come. The price stabilizes, creeps up than suddenly falls. I do not believe the correction is over for the entire crypto market. The entire market is a bit weird, because alt-coins keep dropping. They drop due to fear and instability, then they fall due to Bitcoin rising in price, than fall again when...
Bitcoin has gained even more dominance, currently standing at 65.23% of the total market cap. In the passed few days during the bull run towards $13,000, altcoins were tumbling badly, than took an additional tumble when Bitcoin corrected towards $11,150 (+/-). With no bad news, Bitcoin is surely to make another press upward. But during this calm, we may see a huge...
Are we going to see a repeat of this years false gains? Remember than back a few months ago when Bitcoin started gaining in price, there was the thought that the bear market was over and the bull run started. Eagerly, lots of novice investors started dumping money to catch the "wave" only to get slaughtered with a straight drop. These are called Bear Market...
Where to start? The loss of $900,000,000 a year? The loss per share of $9.02? A growing impatience and anger with Lyft drivers? I believe people must have thought that Lyft would pop at IPO but its been declining since going public. Except the same with Uber, as they lose almost double that of Lyft every year. Ride-sharing companies are not a sound investment and...
Watch out for Boeing short selling tomorrow. There are a few pieces of news that will surely sell a 5-10% sell off of Boeing this coming week. The headlines will certainly scare investors as investors wake up to the recent news and announcements from Boeing. This stock may not be a "Buy the Dip" stock, since confidence in current and future aircraft is shaken,...
Investors are always on the look out for the new and innovative. Although Carvana fell -6% on its IPO debut, it has seen growth up to $71 a share based on the advantages of Carvana. Today, we see a a drop of 60% from the ATH . As more and more dealerships get on board with a money-back guarantee, the advantages of Carvana start falling very fast. Traditional...
What can be said about gold and precious metals? Gold has always started out as sound money, followed by monetary expansion, devaluation, and eventual collapse. Take the Roman Empire for example, money started as solid gold coins which eventually expanded with a mixture of base metal, than became worthless. Remember when a quarter was silver, penny was copper,...
It's a volatile week. Our previous chart showed a continued collapse in the price of Bitcoin, yet, we're not close to being stable or safe. The entire cryptocurrency market must be restructured. The market needs a reset and these abandoned and dead coins need to vanish before cryptocurrency can even be considered to trade again. Get out, even if profits are...
Does this recent decline in the cryptocurrency market mean investors have finally come to their senses that the market is unstable? Have investors finally realized that there was a massive bubble that the cryptocurrency? The Dotcom Bubble, which is very similar in characteristics to the Cryptocurrency Bubble resulted in the closure, bankruptcies, or legal...
Stellar Lumens looks like its coming in for a correction. How deep, how low? Not sure. Taking a look across the board, almost everything is down from BTC to LTC. Stellar and Ripple seem to follow one another. This could be a great buying opportunity for the next breakouts in Stellar and Ripple. Buying now is not suggested because the correction does not seem over.