VictorCobra

19:57

VictorCobra

Self-explanatory. If you want to see me completely go nuts, watch this. You might learn something, you also might not. I do talk a little about the importance of trust for moving forward in society. This is meant for entertainment only. Here's Part 1: -Victor Cobra

VictorCobra Updated 

It's been a while. I'm enjoying my time not quite paying attention to markets as much. I have finally finished my graduate program, and have been devoting my time to the creative things I enjoy: reading and writing sci-fi, playing music, and making visual art. As I've mentioned, I've considered shifting over to Youtube for my videos, but that has the potential to...

VictorCobra

Ah, Tronix. Yes, it's actually called "Tronix", not "Tron." The coin with the disappearing wallet. No joke, I made a wallet back in early 2019 for TRX and stored the private key. I like to do things the old fashioned way, so I wrote it down and double-checked it by logging in. The second time Iogged in, I got the notification, "this wallet doesn't exist." Since...

VictorCobra Updated 

Ethereum's ratio to Bitcoin has been consolidating for nearly 13 months (left). In 2018, Stellar Lumens (right) consolidated against Bitcoin for roughly 11 months before dropping off a cliff. Will the same happen to ETH here? It will need to maintain the uptrend, held since 2016. Any larger decline from here will result in a breakdown from this channel, which I...

VictorCobra Updated 

Funding has been so negative for LUNA recently. It's probably because leveraged traders see most alts going down and figure shorting is free money in this environment. They've learned a harsh lesson. squeezing shorts into oblivion. I entered a scalp short yesterday above $86 and closed near $84. Perhaps it's dangerous to hold a short here (especially with a tight...

VictorCobra Updated 

This is a short post. Over the last few months, I've written and spoken about why Michael Saylor's entrance into Bitcoin has contributed to my skepticism about the valuation of the market, since the MSTR chart eerily echoes the bubbly behavior from the dotcom boom. As leverage and profit come out of the market, I think MSTR will be severely impacted. Saylor...

20:00

VictorCobra

This may be my last video update for a little while. I mostly talk about Bitcoin here, doing my best to provide some objective analysis on current structure and price action. Just thought I'd post this while I have the time! Most of my recent thoughts and outlooks can be seen on my written posts, but I do sometimes like making these videos. Here's the post where...

VictorCobra Updated 

The reason I still track Litecoin is because I think it can be useful as a bellwether for Bitcoin's price movements. Since it also operates on a 4 year halving cycle and uses proof-of-work (with a different algorithm), I think it offers useful clues as to how the market really feels. Sure, it might be going out of fashion, but volume for LTC shows otherwise. In...

VictorCobra Updated 

The total supply of CRO is around 30 Billion. The top 10 crypto with the closest supply would be ADA, with 45 Billion coins. Since BNB has already achieved the #3 slot, we can sort of get an idea of the price potential for an exchange token like CRO before it truly "takes off." At the moment, it seems to be beginning to take off. Structurally, it's breaking out of...

VictorCobra Updated 

Victor, enough with the bearish posts already!!! Honestly, with such a gloomy outlook, the market might as well just reverse here and punish all the people who sell out of fear, and punish you for selling early, you paper hand you!!! But I'm just writing about what I see and expressing my current opinion. Here goes the analysis. I apologize if I seem a little...

VictorCobra Updated 

Just a quick update to my ETH chart. Although ETH was able to break the local downtrend and retest the important $3500 level, it has since rolled over and broken below the ascending support. Unless ETH can recover back above $2900ish in the short-term, I think the selling will escalate. Here's another warning sign. ChainLink, which everyone seems to believe is...

VictorCobra Updated 

Back at the end of 2018, I made an attempt to call a longer term bear market for big tech. Linked below are some of those posts. I was new to markets, and all I did was look at the chart. Even back then, the charts for Apple and Amazon looked ridiculous, but now it's undeniable that they've seen parabolic growth. This is the AMZN chart zoomed further in, where you...

VictorCobra

Well, well, well, this is precisely what I was talking about in my post about big tech. This is just a short post, showing some levels. These overheated stocks are finally getting a taste of profit-taking. Netflix managed to actually break below its 200 week moving average. If Google does the same, another 50%+ drop is possible. On the conservative side, Google...

VictorCobra Updated 

Cosmos (ATOM) seems to be one of the only cryptocurrencies STILL in an uptrend. Does this mean it's "special"? While I think it's fair to expect some sort of relief rally for the market eventually, I think it's fairly likely ATOM will break down from its uptrend as well, and end up at least back at $20. If it follows what many other coins are doing, it should...

VictorCobra Updated 

Over the last eight months or so I have been writing about the asset bubble, and why I speculated about one final rally for the stock market and crypto before widespread deleveraging and massive shifts in financial markets. Unfortunately, Bitcoin was unable to sustain much of a new high before the pressures of the established system began to take hold on financial...

VictorCobra Updated 

In my most recent short-term outlook for Bitcoin, I suggested that we could see a rally towards the top of the uptrend channel and the $46-50k liquidity zone. Form there, I thought price could simply turn back down towards $40k and below, eventually breaking down from the flag. There was also the possibility of a brief move towards $51-52k but too many greedy...

VictorCobra

The last time stocks and oil prices started performing like this for months on end was prior to the 2008 financial crisis. If Oil prices have already topped, does this mean a precipitous decline is soon to come? Or, will markets simply shake this off? Not so sure. Inflation encourages people to return to the workforce, and even work multiple jobs to stay afloat....

20:00

VictorCobra

Part 2! Here, I continue to talk about my opinions on the market, and give a little more of a narrative surrounding my first foray into crypto, and how my feelings have evolved. Thanks for watching, and for your support! -Victor Cobra