whoisthelorax

whoisthelorax

Unfortunately, it is like many alts. stuck between a btc crash and btc surge. if btc crashes, GNT likely crashes with it. If btc surges, GNT/BTC price will fall out of this triangle. remote possibility BTC does a minor pullback for a couple days here and GNT can break bullish. Just doesn't seem like it will get the volume to have any legs. i expect this to...

whoisthelorax Updated 

Never been a fan of LTC. One of the only btc clone coins, ahem, "1st generation" cryptos that succeeded past the mt box crash. LTC could've been in the same box as Quark in my eyes. Charlie still talks about script mining like that matters anymore. Oh, the code was tweaked to be mined 4x as fast? Hold on to your genius slippers, guys, lest your socks get knocked...

whoisthelorax Updated 

still due for a pullback, even if it is not a LL.

whoisthelorax Updated 

We have invalidated one downtrend wave count by closing a 4 hour candle above the would be wave 3 of 5 around 9300. I am certainly considering a more "bullish" short term, possibly visiting the upper part of the downtrend channel. Yes we are still in a downtrend. All of this is overshadowed by the 50/100 bear cross on the daily that occurred today, practically...

whoisthelorax

Does it carry the same significance? it created some divergence with the price action. I haven't noticed this ever before.

whoisthelorax

I don't want it to happen, but you have to know what seals the deal.

whoisthelorax Updated 

HOW TO PROFIT FROM THE NEXT BTC CRASH Many of us lost lots of moola during this downturn. Others of us did okay because we knew everything was overinflated but we could've done so much better. Very, very few of us here made nice returns in the last 30 days. If you were disappointed by your returns this downturn, now is the time to learn.The following provides a...

whoisthelorax

...not without time. we are consolidating two years of gains. find the alts that prove ability to perform. 95% will not go up much during a btc bear market. could be months. currently eyeing zec, bat and xlm.

whoisthelorax Updated 

#beyondTA If you look back recently at coins that had solid pumps, like NULS, ADA, NEO(see first pump back in may/june), MANA, what do they have in common? A cup and handle formation right out the get go with no resistance above the current price line. traders crush these patterns and overinflate their values. The longer term the formation the better. Now,...

whoisthelorax

Don't get it twisted, XLM is my coin. but i see a longer period of consolidation, at least in btc price. Very clear bear divergence on MACD. No volume to justify price increase. some TA here shows a channel for xlm up to 5500 area. I'd watch that level and sell at the first sign of LL and LHs. At minimum, you can wait for it to reach bottom of the channel and...

whoisthelorax

short term bounce off 200 ma... if this doesn't get REAL legs soon, death cross will ensue. hard to say when bc its a moving average, but 7-14 days seems likely. play the bounce carefully. look at the direction of the 50 ma in each of the corrections this year. notice the difference we see now? 3000 to 1800 5000 to 3000 7800 tp 5600

whoisthelorax Updated 

multiple large bear divergences on big time frames. once these are taken into account in price action, then we can consider longs.

whoisthelorax Updated 

chart says it all. obviously it will take more than a day to get there if this is legit.

whoisthelorax

See the chart

whoisthelorax

If we calculate the total move as a macro wave 3, starting from the bottom of the Mt gox collapse, $140ish on Coinbase, to 20K, we can find the fib retracement levels of this entire Wave 3. because we are now assuming wave 3 is done and wave 4 is in place AND this is a macro wave 4, we have many more weeks of bear activity. Considering a macro wave 4, it would...

whoisthelorax Updated 

Note: I am an amateur. Feel free to pick apart the wave count. My daughter is puking every twenty minutes...it's 3 am...i'm on puke bucket patrol...soooo i thought, let's count some elliott waves in between! 5 waves identified to get us to 2017 is it safe to assume we have already done a market cycle? i don't have any chart data for this... historically i...

whoisthelorax

XLM is perceived by many to be a top 10 coin and perhaps a true replacement to what bitcoin was supposed to be, money that is actually used. There are very clear macro waves in play and we are in a macro wave 4. we could be here for months, although the excitement around xlm could make this weeks. If you are a trader, you should've already sold if you held xlm...

whoisthelorax

Current structure witnessed a brutal selloff of over 50% of BNB's top value in less than 24 hours. It seems safe to say wave 4 is in progress...although that could be construed as mere panic selling. nevertheless, technical damage has been done. Wave 3 almost made it to the 2.618 fib extension but failed to reach it. The chart above has fib extension levels from...