DarkPenciI

DarkPenciI

Seeing as how BTC has broken out bullishly over the past 6 months while XLM/BTC is hitting new lows while XLM/USD is stuck in a range we can expect a blast off in prices once the BTC dominance cools down and a .60cent XLM isn't a far off prediction if we are targeting BTC to be mid 10k range or close to previous ATH by end of the year. This would coincide with...

DarkPenciI

We may still see one more down turn for this pair to test the .618 fib zone but we have front run on the .500 and putting in higher lows so I would not be surprised if we see a huge move up in the next 2 months to test the huge down trend line and be rejected before we challenge the .618 fib zone for the multi year down trend. This lines up with ETH/USD pair which...

DarkPenciI

BTC bounced where i expected while lining up with a lot of majors at their support line. It is not to say we can't go lower but it seems like we will be making higher lows and explode soon enough for new highs. Targeting above 10k and as high as 14k or even more depending on the level of FOMO, but I don't see us breaking 20k this within the next few months before...

DarkPenciI

LTC looks the most bullish from the majors and with halving coming up in less than 60 days we may see some parabolic moves before it. I believe we are currently in a 1-2 1-2 of an extended 5th wave of the entire move which lines up with the parabolic shape of the move as well as the price refusing to go beneath support levels while btc was correcting. Currently...

DarkPenciI

After a huge sell off we have bounced off and seems to be correcting on an impulsive move to the down side. We probably have a final leg down before a correction of this correction before we finish off this wave 4 of the sub wave 3 of the main wave. Targeting around 5800 for the correction and shooting for 9k+ before another correction. Seems like alts will...

DarkPenciI

Looking at the BTC dominance level, it seems like we are on our way to test the previous ATH around 66%. This coincides with my new count of ZRX/BTC pair showing that we are at an ending diagonal of the 5th wave of the long WXY correction from last year. Once the bounce is in, we should be targeting the .618 fib zone of the Y wave down which gives us a 100%...

DarkPenciI

ZRX/BTC is possibly ending the WXY correction and double bottoming. A lot of confluence in the current area with oversold RSI indicator in multiple time frames and low volume selling. The reaction off of this falling knife drop would show where we really are. The ZRX/USD pair seems to be correcting off of a impulse up from the possible bottom times with the BTC...

DarkPenciI

LTCBTC pair should hit its ATH to line up with the LTCUSD pair climbing back to 170~200 range before a correction.

DarkPenciI

If this is not a corrective structure and is a motive wave going into the next bull cycle we should have another 1~2 month of bullish move followed by a correction. There is a chance we get a hard rejection around here and go double bottom or test new bottoms around 2.5k to put in the bottom.

DarkPenciI

Stock market has been on fire for the past 10 years with the tech industries leading it. It is about time for some correction, but I believe we have another big leg up as soon as this correction ends. I don't see any huge fundamental issues to cause a recession and if that is the case we are probably just correcting to slow things down a bit. But ultimately, I...

DarkPenciI

I would like to think we hit bottom on ETH and long term chart shows indications of this. The weekly MACD is very close to crossing up and the RSI is showing bullish divergence. Even though this may be the bottom, I believe it will take about a year to get back to the last local high of around $800 which is still 4x the current price. ETH futures are most likely...

DarkPenciI

ETH has been getting pummeled recently and doing terrible in comparison to BTC which is also not doing too well. Best time to buy is when there is blood on the streets and blood is gushing in ETH Blvd. Seems like we are almost done with the correction and might be looking for one more push down to trap the bears but I believe that will be the greatest discount to...

DarkPenciI

Depending on BTC price movement ETH/USD may have another 20% swing down coming but seems like ETH/BTC is almost done and has maybe another 5~10% swing down left at most. I still think we are looking at about $2.5k price target within the next 12 month time and possible climb back to previous ETH/BTC ATH around 0.15BTC. As ETH/BTC goes up and take dominance, Alts...

DarkPenciI

Current outlook isn't great for the crypto asset overall due to ETFs being postponed and turned down. BTC ETFs is inevitable and this is only providing us with buying opportunities. Personally think 5300 area will hold for the next flush down and will be the true bottom and trap a lot of shorts in the process. I do not see a 3k btc happening ever again. With this...

DarkPenciI

Due to BTC's heavy correction and making a lower low, ETH ended up correcting heavily. It bounced almost perfectly at the .786 fib level to indicate that ETH is still within an impulse move up. By measuring the move from the wave 1 to wave 2, the target price for the wave 3 is around $1200 and expected to happen within about a one and a half months. I believe we...

DarkPenciI

I would like to think we hit bottom and ready for a 200% run in the next month or so. Why? Bullish divergences on MACD and RSI, as well as low volume. There still needs to be some positivity to start a frenzy of buying, but if my thoughts are right, a bullish news will be released within a week or so to start it. I believe, ETH will head the charge and reach my...

DarkPenciI

POE has been disappointing the past few months. During the bull run, it did not get much going for itself compared to others considering its low market cap. It also violated the previous low and it is safe to assume it is on a longer term correction. The indicators does show that we are at or near bottom with a reversal soon to follow. POE is a low cap coin with...

DarkPenciI

XEM is in a weird position. I assumed that we started a new impulse up but this correction violated the low from the last correction canceling out the impulse waves. At this point, we are looking for a new impulse up to start fresh so the next bull run needs to be volatile and in high volume to bring XEM back in to the game, or it may disappear from the leader...