CryptoPummel

CryptoPummel Updated 

I don't believe EGLD is going to go higher. Not just yet. I drawed the two options, one slightly better than the other, for the next 6 months. Right now, it is clearly rejected from previous S/R levels and from the 9 weekly moving average.

CryptoPummel Updated 

Well, I wish that I could tell you it was easy, Just take the paved road right to paradise But the truth is my friend, the pain and suffering never ends Make amends with medicine, amnesia, and lies The grains sift coarsely through the hour glass And they pound like boulders on the brain All those things you did for fun, Never hurting anyone, Careless shadows in...

CryptoPummel

The strong pullbacks after a big rally are common in BTC. I would not be surprised of a 10-12% pullback. This one would be reasonable because: 1. That level of 30.8K coincides with the Monthly CPR levels for November, and usually BTC touches these levels historically, every month. 2. come back to one the weekly supports (established by using Heikin Ashi) 3. The...

CryptoPummel

The worst scenario is a repetition of the last dead cat bounce for SP500. Look at the big red volume bar, and what happened next. Get back to the 0.618 and all the way down. This could happen just again. The different targets are shown. We don´t need to go that far low, but it could well be.

CryptoPummel

Using Heikin-Ashi weekly candles, we set targets for Bitcoin based on Support and Resistance levels, and also looking at the early head and shoulders patterns.

CryptoPummel

ETHBTC is showing signs of distribution. Volatility has recently increased, against the notion of absorption that would happen in a re-acummulation scenario. Besides, it has closed below the 200 MA.

CryptoPummel Updated 

So we need to overcome 30 weekly average to be bullish. If not, I would say we can repeat the rejection of the past and go as far down as 23$ as a final step by end of March to recover from there, as last point of the Wyckoff distribution schematic. I estimated target bottom by looking at previous S/R levels and using a pitchfork to get the diagonal lines that...

CryptoPummel Updated 

This is an idea showing the possible downtrend until year end for the Dollar index DXY.

CryptoPummel

A bit of speculation here looking at dead cat bounce scenarios for the EURO as we have in the beginning of the XXI century... can we go that further down? That would mean (probably) up for the DXY and down for crypto.

CryptoPummel Updated 

We just broke Resistance 1, but there is another Resistance 2. Even for Resistance 1, it could be a Fakeout. As per the Wedge that has formed, I would be inclined to see three touches on the lower side (only two for the moment), so I would not be surprise to go under previous low, also as a spring of the accumulation. This is still a bearish evaluation, less...

CryptoPummel

In shadows deep, where darkness hides, A flicker stirs, where hope abides. Through weary hearts and troubled souls, It whispers softly, making us whole. In dreams we seek, a distant shore, Where troubled waters rage no more. With eyes alight, we dare to dream, And find in hope, a steady beam. Though storms may rage, and winds may blow, Hope blooms within, a...

CryptoPummel

Cardano could be going slowly down another 12% until end of June. I would not be surprised that is the case, but at the same time it seems too obvious path. To me, TOTAL3 (#altcoins) has another leg down that can occur faster than that, and then I foresee a rebound during next month. Maybe not for ADA though....

CryptoPummel Updated 

The bump and run scenario is working perfectly. It also matches very well with a Wyckoff redistribution schematic. The road could be bumpy, but the target will be reached I think.

CryptoPummel

Every single halving event was preceded by a rally that started already between 1 to 1.5 years before. This means my friends that the bull market has started, if we were to repeat the same behaviour as last three times. Is the bottom in?

CryptoPummel

I have been looking at patterns for re-accumulation for a while for $EGLDUSDT, but it is actually when looking at EGLDBTC when it could really fit with the traditional patterns. As we know, both wyckoff patterns are exactly similar at the beginning, and it is difficult to find out which one could be playing out, if any. It is difficult to imagine that EGLD goes...

CryptoPummel Updated 

My previous idea got rejected, we have now a clear situation of accumulation schematics and the SPRING has already passed! We are in Sign of Strengh (SOS) in Phase D now. Thinking of opening long position at around 25K, with targets at 29K, 34.8K and 37.5K (40%-50% up!)

CryptoPummel Updated 

I still think we can see this spring situation until May 2023, which coincides to some comments about when interest rates could be stopped seeing some nice reaction for the FED to do it. The accumulation would take BTC to something around 15k, to finally go up.

CryptoPummel

This is an idea about SUSHI, like other coins I have shown in my profile, would be in an accumulation phase. Here I show the schematics 1 and 2, depending on having a spring or not. The extension in time can be variable, as seen by the far away down trend in blue, so the drawn possibilities are just that, with regard to time.