revorevo

revorevo

There will be a coordinated efford by politicians all around the world if bitcoin really gains traction while we slide in a prolonged global recession and money flows into BTC. they will most likley start in china by attacking the mining backbone if this happens i see a bitcoin price spike at first because people dont realize what that actually means.

revorevo

If you compare Hash ribbon signals to price action and want to find a similar scenario, you can look at the Previous Signal that confimed miner capitulation after a massive drop that resulted in a ascending wedge that broke to the downside just like we experienced now. We also have more bearish patterns from the Wolfpack indicator. From the pattern you can see...

revorevo

Two rising wedges with dropping hashrate for comparison. Retest of the prior closing low very likely.

revorevo

Imho bitcoin must retest the lower fibonacci ribbon like it always does after a relief rally. If this is a real uptrend the hash ribbon signal will flash buy soon

revorevo

Retesting support at the lower levels of the blue channel once more is likely

revorevo

This is a no trade zone for me because BTC is likely waiting for a move in the stock market tomorrow. How will financial markets react to more stimulus? Inflation should be good for bitcoin. Volume is dropping because many people are either rekt or waiting on the sidelines. I still think there is too much optimism and i dont think miners have capitulated from...

revorevo Updated 

Nothing special we might see a fakeout on both sides do to high leverage traders getting rekt

revorevo

everyone hated jamie dimon for talking trash on crypto, now the pump eth and everyone is happy? i dont trust it

revorevo

If you go on google Trends and look at the countries with the highest interest in Bitcoin its: Nigeria, Southafrika and Ghana! If you look at what their search for bitcoin included youll be surprised! Top search last year was a song by Mr Benson called bitcoins. Trends overall look like total disinterst, its probably the same people getting rekt over and over...

revorevo

Im not bullish on ETH but this doesnt look good at all, if you hold eth and anitcipate a dump it might be an option to take some profits and go into iota for the long term because i am long term bullish iota. No financial advice.

revorevo

5k btc is sustainable at least short term. And i think this is valid unless china shuts down minig operations due to corona or some other event. Market might be overleveraged and this whole tether situation in addition to the plus token funds make me think this isnt orgamic growth but manipulated upside to dump on small investors at the top. No financial advice.

revorevo

Chart look bearish as hell, with Bitcoin retracing Altcoins will retrace alot harder because most of them are up 100percent this year already. No with these problems out of the way, the recent Drama with 1 founding memember (come from beyond) leaving the project and wanting to sue David whos another founder over 7 million of IOTAs that they kept because the were...

revorevo

This seems to be a 3x leveraged Short Token that moves exactly opposed to the Eth uptrend. As someone that took eth profits already i see this as a good way to Dollar cost average in when you think ETH might reverse soon. Because this token is pretty new on binance it has alot of sell pressure as you can see from the orderbook and the people that fear ETH might be...

revorevo

This seems to be a token to short ethereum without taking the risk of liquidation. It could also be a long term hold since its clear as day that eth will come down in price someday. Some of those 3x tokens especially on ftx have obscene valuations and price swings so i makes for a nice gamble for sure. No financial advice, do your own research and be careful...

revorevo

Just did some research on these 3x Tokens and it seems interesting, since eth is moving into really bullish overbought territory, DCA at oversold conditions where a divergence occurs might be interesting. Small upside in the short term, some more bearish days overall No trading advice.

revorevo

Striking similarities in the RSI and Wolfpack indicatior from before the bullish uptrend! I think we will a retrace and the previous High will act as support again which would be a really healthy setup for bullish trend continuation. If we break the green RSI support line we might go lower, but a fall under the support by -100 dollar is possible due to...

revorevo

Look at the divergences, im not a big fan of the RSI since i discovered the wolfpack id indicator and just look at the differences. I have some photos of the flashing Wall and at this point the market is just becoming a joke. Unless the Bitfinex/Tether shitshow is resolved i exited this market for now. NO TRADING ADVICE.

revorevo

So iota has been respecting the divergences really well and almost always pumped after a RSI divergence, the yellow lines in my chart. If we break through the current RSI support we might see another selloff in terms of BTC to IOTA value. Still highly BULLISH on funamentals so i personally dollar cost average in at RSI lows and try to take profits on larger...