Bitcoin Now and Jan - Feb 2021 Forecast

1 Jan 2021

Just publishing the new chart to see how it looks - Analysis Forthcoming

1 Jan 2021

Catatan

Before we get started, let's talk about the biggest threat to crypto in years.
The rise and possible fall of Ripple Labs and it's shT coin... XRP.

I had high hopes for XRP.
But I always knew that Garlinghouse made a huge mistake allowing Ripple to custodian more than 50%
That's just manipulation in plain sight. I don't blame the SEC for what they are doing.

Garlinghouse should have settled.
He should have copied the play from the big banks.
Big banks are smart...
They scam, admit the scams and pay the fines.
and they THRIVE!

Because Garlinghouse wants war... (for his EGO)...
It means XRP coin holders already lost this fight.
The problems are not a surprise...
As the doom and gloom first started after the air drop.
Everyone bought and then abandoned the exchanges.
This is because most XRP holders know the bottom of the paper bad is 'wet.'

It all got worse after the SEC announcement
and terifying... when the big exchanges started purging XRP trading
This all led to XRP collapsing to .18 cents.

The irony is that the falling wedge set up technicals for short term bullishness.
Whales love good technicals
They often manipulate them into self-fulfulling prophesies
.. until they take deep profits..

And in the last two days.. surprise... XRP had a surprise rise.
Warning: THIS IS NOT AN XRP RECOVERY. It's manipulation.

XRP Forecast:
Due to all the bad news and no SEC hearing until Feb 22...
I foresee mostly bad news forthcoming
Probably more big exchanges kicking them out or locking it down
None of this will help the price.. I would stay away

DOT and Litecoin!
Been buying the dips and selling rises?
If you played with 5k each time, no multiplier, you took profits in the $$ hundreds.

-- Warning for DOT --
What a darling riser! But very oversold. Could super-deflate if BTC crashes.

BTC...
Been reading so many opinions.
Half the articles and TS writers on the main crypto news sites have it totally wrong about sellers.
Got me so angry, wrote a complaint to FXstreet to terminate one particular idiot.
(I expect a MORE from FXstreet)
Fact: The sellers are out there.. beware!
Fact: do this now! Google and bookmark (Twitter) Whale_Alert and see for yourself.
Fact: Whales are moving coins all over the place EVERY HOUR.
Fact: Ripple is moving millions of coins all over the place. (War plans)
Fact; USDT is moving all over the place. (War plans)
Fact: Just because the price rises to new ATHs.. does not mean the selling mood is over.

My call?
The Whales and Institutions might be itching to take big profits.
I think when they see volume down... and bulls relaxing, they will want profits.

Then we drop and bounce just below 24k...
with a major bounce.. a one day pause.. and then if there is some panic... down to 20k in a flash.

The question is when... what day?
What announcement in the news is the trigger?
Or will it be spontaneous?

Speaking of expectations.
What happed to the ETH rally? They were predicting $ 800.
And ETH does NOT want to budge right now.
Institutions plan to start buying, but right now, it seems retail is taking profits and not holding.

We are also overdue for an ALT COIN rally.
When this happens, will BTC hold steady? Which coins will shine? Stay tuned!

1 Jan 2021

Catatan

In spite of $2000 price variances in BTC since Christmas Day,.. just ook at the absurdity of the movement XRP makes.

It's all BOT driven. One whale comes along to cash out and its toast.

1 Jan 2021

Catatan

1 Jan 2021

Catatan

Surprise support at 28700 !!! (max drop price on Coinbase)
Didn't see that coming...
otherwise, we had surely bounced at 28500 (former All Time High price)

Price rampage may NOT be over yet..

1 Jan 2021

Catatan

Price did NOT fall steep enough to start a down-slide panic.

Over the last few hours, price is rising in a very steady, cookie-cutter manner.. that again seems to be guided and influenced by bots.

If the whales expect retail buyers to make a mew ATH.. the volume and velocity look very weak. Not enough to overcome the sell wall at the recent ATH.

Since it is the weekend.. price might wobble back down a bit then move sideways. It could also collapse to test lower support levels. I think both bears and bulls are tired.

Sunday night (USA time) is usually when the bear whales wake up and nuke the price.

1 Jan 2021

Catatan

Also note.. in this last price recovery from 18700, SNX made incredible gains... over 12%.. beating the pants off all the other coins. I had been thinking it would have been DOT, but SNX blew DOT away.. at least on THIS small recovery.

2 Jan 2021

Catatan

The danger of this technical is that we are seeing weaker volume and push..
And.. in TA... ascending wedges (defined by my lines) usually break downward...
Unless there is steep continuation up for an ATH

I says it's 50/50

2 Jan 2021

Catatan

I changed he color of my zigzag forecast arrow so you can see it better over the price path hours later...

I was floored that it was near perfect clone of what transpired..