BITCOIN - Crypto Round Up 1

27 cze

Is another big crypto smackdown in the pipeline 💭?

All considered in this first long video for TradingView.

I will probably make a video like this every few months.

Hit the BOOST if you like this.

Enjoy!

Not advice

30 cze

Uwaga

Bitcoin is bouncing and so; another possibility is that Bitcoin will print a contracting triangle top as it did in 2019.

As I said in the video; there is a reverse 2.272 fib extension above, but considering TOTAL has already hit that ratio then perhaps the top is in.

Who knows the exact path within the possible triangle but could be something like this:

3 lip

Uwaga

Looking dangerous again.

The change up this market cycle has been many altcoins that were winners in the previous market cycle underperforming and having some large slumps since TOTAL hit the 2.272 reverse extension (see video for details).

But there's been no real panic at any point since the lows. Non technical buyers have been having a jolly time with plenty of cake and ice-cream.

4 lip

Uwaga

When you realise that I called this one before all the way up at 66K before it became impulsive to the downside, don't be shy; hit the BOOST / leave a comment and more TV'ers will see my output.

As I showed in the video I have been mostly bearish on crypto since April.

Locked in profits and went short on crypto stocks and a few altcoins.

Meanwhile blind hodlers of altcoins that follow the cycles gurus are getting smashed.

Wasn't this next wave up and Altseason a sure thing 😸?

5 lip

Uwaga

Bitcoin collapsed to the lower Bollinger Band faster than you can say "Rekt altcoin hodler" 💀.

Having hit the lower BB we may see a pause here and perhaps a weak bounce but overall looking bearish.

Crypto looking dangerous; many altcoins getting smashed. Miners and exchange stocks holding on for now but looking weak.

8 lip

Uwaga

We now have a potential shift in thesis for this area.