ADA/BTC is looking awful, to be honest.

What to say about a coin that is at an all-time low?

Well, ultimately, sooner or later, it will go up?

No, stop thinking like that.

We are in a bubble similar to the DotCom bubble.

Even though some companies survived and are today leading companies in the world, most of them failed.

The same will happen with crypto so stop filling your bags with worthless coins.

If it’s 450 sats now, it can be 100 sats in 6 months which will be 80% down if you buy now.

buy only when there is confirmation in the market and ADA didn’t give us a bullish confirmation for ages.

If it goes back in the red area, YES, it can go up but without that, it will keep going lower.

The red area had to hold but as you can see, it failed to do it!

Why will 99% of Altcoins die?

This is a hard truth to swallow, but you have to if you want to make some money in crypto.

This is a natural law as well.

There will be only one king of the jungle - Lion.

Even though there are hundreds of lions in that jungle, the king is one.

The same happened in the DotCom bubble.

There were thousands of companies with great ideas. Having a great idea is not hard and all you need is an opened mind.

But when it comes to making that idea true, problems arise.

Some of them struggle to raise money, hire a good-working team, make a great product, deliver to the market audience.

There are hundreds of obstacles but those who overcome all of them will ultimately be market leaders.

The best examples are the companies such as Amazin, Apple that were also struggling throughout the DotCom bubble, bbut they were strong enough to survive and achieve what they are today.

At one point, Amazon stocks were 90% down but those who were holding are enjoying fortune today.

To hold through tough times, you need to know the reason you bought stocks or coins in our example.

Back in 2017, to launch an ICO, you needed basic HTML page, copied white paper with small changes and an egoistic nature claiming you are building new Bitcoin.

A few weeks later, you raised millions out of nowhere.

No right business plan, team behind, nothing!

And you are asking now why those coins keep falling down?

But why are ETH or XRP as major cryptocurrencies going down?

In the case of ETH and XRP, they are on the edge of the cliff to prove they are strong enough to survive through a tough period.

I don’t know if they are Amazon or Apple of the crypto world, neither you know.

but what I know is that even though they are 90% down from the ATH, they are 15-20X up from the same time in 2016.

Even though comparison with 2017 looks terrible, comparison with 2016 is still outstanding.

So, maybe we should change the perspective and look at the bigger picture.

I do hold ETH and XRP in small chunks but my main focus is Bitcoin and it should be yours too!

I am not an altcoin hater but just a technical trader that didn't get a bullish sign on the majority of altcoins for ages.

XLMBTC is one in the line of the bearish coins.

On top of all these bearish setups, XLM printed this big wick exactly in the resistance area.

Somebody pushed positive news so he can sell his bags.

I try to avoid drawing unnecessary lines on the chart, but here is a great example of wave structure:

As you can see, we’ve been through 2 major sell waves and we’re currently in anticipation of the third wave that could send this coin literally to zero.

I have nothing bullish to say about this coin and even though it’s low, I think it can go lower to 200-250 sats area.

MCOBTC is one currently around long term resistance area.

Currently, it is above that area, but let’s wait for the weekly candlestick to close.

This reminds me of Bitcoin reclaiming 6k support.

This is what you want to see if you are bullish on some coin.

You want to see price breaking above resistance areas and turning them into support.

This is one of the better-looking coins, especially because its above EMA 9 so it is in the mini bull market and it can continue if it maintains close above green area.

The main target, in that case, is 0.001 (+45%).

Great Bitcoin’s performance caused a phenomenal weekly close above resistance ($7300).

While this looks great, just to remind you we have still one big resistance to break in order to say the bottom is reached and that is the area around $7700.

The higher above that area we go, the better and the pullback will be for buying.

So the forecast for this week is very simple.

The test of resistance ($7700-7800) is most likely to happen and also the test of $7300 is for buying if it happens.

December 17th, 2017 - Bitcoin reached an all-time high at $20k.

December 15th, 2018 - Bitcoin bottoms out at $3.1k

December 18th, 2019 - Bitcoin creates the lowest low after topping out at $13.9k in June.

Is this just a coincidence or there is something special in December that is important for Bitcoin’s cycles?

Coincidence?
anonymous poll

No! – 95
👍👍👍👍👍👍👍 56%

Yes! – 75
👍👍👍👍👍👍 44%

👥 170 people voted so far.

Bitcoin hit $7700

In my opinion, the bottom has been reached but it doesn’t mean we’ll go up straight from this point.

Looking at the current price action, I expect to see a ranging market for the next two weeks between $6900 and $7700 that would be bullish in my opinion and after which, we can see some nice moves up.

Weekly is showing the same scenario.

It printed an amazing weekly candle after taking the previous low but it is still below the main resistance.

The real bullish momentum, in my opinion, will happen after we have a weekly closure above $8.5k.

Then we can expect the beginning towards a new high.

Don’t get me wrong, the situation is pretty good.

Bulls are there but don’t be disappointed if you don’t see price mooning.

The more we accumulate in this area, the higher we will go!

Mark my words!

May the spirit of the Christmas fill your home with peace, joy and love.
I wish you all dear friends merry Christmas😊🎆🎄

Bitcoin got rejected from $7700 and it’s currently at $7300 (mentioned support in one of the previous updates).

In my opinion, the green area is for buying targeting a breakout of $7700 that would lead $8500.

Great setup and target with the opportunity to put tight stop loss make this potentially very profitable setup.

CME gap filled!

A trade opportunity on Bitcoin with a phenomenal risk reward of 1:5

Liftoff 🚀🚀🚀

It’s going in our direction. 😁

If you get in that trade, don’t try to manage it by moving to break even or something like that.

We are still in the manipulative area where we can still see a wick our entry and then move up.

So just wait and let it go, do not attach yourself emotionally to the trade or the current profit you’re in.

We are waiting to see which formation is about to form so maybe we can get an opportunity to add even more to the trade.

Shame on YouTube 🤮🤮🤮

Look for alternatives.

LBRY project could be one of them.

Look for that coin guys, the current price is $0.21 it may explode if this shit continues!

Price in BTC is only 300 sats and its all-time high was 30 000 sats.

#Just Saying