crimsonronin

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EOS has had an absolutely incredible run over the last year. Whether or not it will supplant Ethereum as the preferred smart contract platform for developers remains to be seen, but the market is certainly excited. Over the last month EOS had a 300% return: So now it's time to cool the jets a bit before then next round of buying. As you can see from the...

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It's no good being a bull in a bear market, it just causes a lot of pain, but that time is coming to an end, and it's no good being a bear in a bull market. We have for the first time this year advanced above the bearish log trend line. And we are about to flip green on the CCI! These are definitely positive signs, and I will be looking for pullbacks to buy...

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As it has done so many times in the past, BTC decided it was time to explode out of a bear shape. I covered this in my previous idea: We abandoned that trade as it hit our invalidation targets of a daily close above $8k. Since then it has shown some relative weakness; a failed breakout above 8.4k and now it's stuck between the 20EMA and 50MA. A few things to...

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The last week or so has given hope to many that the bottom is in and we are in the accumulation phase. We heard similar rhetoric in January when BTC was hovering around the ~11k mark. Unfortunately for the bulls, this was a costly mistake. And like then, I believe we will see more downside. In fact I see a similar fractal pattern as played out in January where: ...

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Hi *fam*, I see a bunch of analysis on TV has been concentrating on a potential falling wedge, with many suggesting it is a bullish set up. I'm hesitant for a few reasons: 1. We are still in a bear market. If this wedge formed from a nice bull run I would be super bullish. We did form one from 20k to 6.9k, but it failed to break out at the bear TL. 2. We had...

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I've been tracking the bear market for some time now. In fact back in Jan 19th, I called for BTC to head to the $8k area and below . I have since presented other ideas about BTC heading to $6k and onto ~$3k . I believe we are now well positioned to see BTC make a move downwards, especially if we close below the major trendline at ~$8k. Over the past week I've...

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After a mega run up over the new year, ETH has fallen on some hard times. Right now, ETH is below the daily 20EMA and 50MA; typically this means a move to the 200MA is the next likely target. There are other bearish patterns in the mix as well including a large bear pennant and small bear flag. The first target for ETH will be ~$600. We should see a large...

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I've been a bit of a bear over the past couple of months. I was a little premature 3 weeks back when I said which is why I haven't posted again until now, but I am pretty confident we are going to see the lows once more. The setup on the daily, when viewed in log, is in a broadening descending wedge and a descending wedge in linear. These are still both bullish...

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Over the past few weeks and months I have been bearish BTC. It was foolish to think that the parabolic rise could and would continue unabated forever. Just before BTC tipped 20k there was absolute hysteria! I had all kinds of people come out of the woodwork calling me to ask how they could buy Bitcoin. My answer to them was simple; DON'T! (At least not at that...

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I don't often look at stocks, but last week I saw the news that Apple had missed sales targets for its smartphone and delivered disappointing revenue projections. So I checked the chart, and it doesn't look good for the next year if you are long APPL. Here's the chart I quickly drew up last week: Once we break the daily 200MA, I believe it will drop very...

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After calling the recent drop from 12k to 7.9k , I got the sense that BTC hasn't bottomed yet despite many calling the bottom. So I started looking for other indicators and pieces of data that may corroborate this hunch. Initially I started looking at the long (BITFINEX:BTCUSDLONGS) and short (BITFINEX:BTCUSDSHORTS) positions on Bitfinex as a way to gauge when...

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It's been a very difficult time to be trading BTC over the past few weeks. It's shown signs of weakness with rising wedges, but also signs of strength with a few pops above the 4HR 20 and 50 moving averages. I have been updating my macro view with some of the micro movements and patterns here: However, I thought it was time to take another look at it with a...

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I have posted a couple of times about BTC heading downward. Sure my H&S was incorrect , and my fractal comparison with ethereum's last correction was a tad early. But yet here we are; bear country! I've been following a massive bear flag for the past week, but didn't want to jump the gun, as I had in my previous short BTC calls. Also a few days back there...

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NMR a target of 0.04 BTC ?!?! That sounds insane! And believe me I have my doubts. But these giant cup and handle patterns for alts vs BTC are so prevalent, and so many have worked out historically, that it is hard to ignore. This will make the 3rd giant C&H pattern that I have posted. The previous two, which are still in progress are: BTS GNT But...

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There is something very big afoot in the cryptosphere. A number of alt-coins are starting to make very bullish shapes; from BTS to NAV to NMR ! Golem is no exception and has started to form cup and handle fractals. We explored a similar concept in BTS : But the first time I spotted this kind of pattern was in EOS : And what happened next was...

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Bitshares has been a juggernaut ever since it hit rock bottom in October due to being delisted from Bittrex. In two short months Bitshares has gone from a low of roughly $0.045 to a whopping $0.80 as of writing! That's a gain of ~1700%!! So where will Bitshares go from here? Well, it's already completed a cup and handle on BTSUSD and broken out of an ABCDE...

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Happy New Year all! I've posted a few times in the past week highlighting just how bearish BTC is looking. And now, Bitcoin is in the process of producing yet another head and shoulders that may result in some fireworks for the New Year. Things to note There is a rising wedge into the left shoulder RSI is moving into oversold territory The volume is...

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BTC has had a unbelievable year, but it is now starting to come to a head in the final weeks and days of 2017. Right now, it appears that BTC is making a large bear flag which should see it hit around $17k before potentially dropping to ~$9k. Now, this is BTC, so there's always a caveat. I've seen BTC break up out of rising wedges, head and shoulders' and bear...