DarkPenciI

DarkPenciI

We are inside a wedge inside a wedge inside a wedge. We escaped the last descending wedge by breaking out and now we are inside another wedge waiting to break out. Hopefully by breaking out of this wedge we can break out of the biggest wedge and finally end this damn correction. The way the Alts are acting and the volume flowing into the Alts, there is definitely...

DarkPenciI

So the last price prediction of us hitting a bottom at 7.25k ended up working out. It fell much more than expected but it was still within the bullish scenarios. Currently we are trading in a parallel trend up and Alts are going off as it does. In a perfectly bullish view, we should be able to hit something within the range of 9.3~9.8k range within the next day or...

DarkPenciI

What do you do when BTC keeps falling? You just make another scenario where it will go up. Blockchain is the next big thing and BTC dictates the whole market of crypto so I can't be anything but bullish. After another tremendous fall today we hit the .382fib support and holding around the area. If we go by the bearish count of the waves I had posted earlier we are...

DarkPenciI

Sigh the drop last night was not a good sign. It dipped below supports to hold up the bullish view. Its not like it is over yet but time to get ready for another big drop since it is becoming more likely as time progresses. We are still in this weird wedge inside a rectangle with long wicks on both directions, showing indecision. Surprisingly more shorts are...

DarkPenciI

As I have been posting BTC charts I have not made much major moves. This time around I feel pretty confident with my TA and will follow up on my calls with a pretty decent sized position. I believe we finished the correction from 11.75k with the bottom of 8.35k and currently trading in an ascending wedge. The swings of these wave patterns have been enormous and...

DarkPenciI

ADA fell through the last fib support and looked really bad for a long time. It just broke out of a pennant with high volume. Current out of the top 10 coins, it is the only one that has made any significant recovery. I decided to take a pretty big gamble and buy a decent sized bag. I'll be taking profits as it goes up with a relaxed stop loss. Wish me luck and...

DarkPenciI

This is ideally what I'm hoping would happen. Hitting that 9.5k range before day closes today in the next couple hours would be the biggest factor in the whole thing IMO. I'm looking to get in when it gets to that mini correcting phase at around 9k. Until then holding cash.

DarkPenciI

Lack of volume brought BTC another leg down from the last update. The bounce was around the zone as predicted above the .382 fib level. The volume this time around is not bad but not great. Current trending in an ascending broadening wedge that bounced off the over arching bear trend line. If this next push breaks that line and close the day around the .382fib...

DarkPenciI

The Inverse H&S failed and got rejected at the last top and failed to retrace back to the neckline to try to break it again which was the original scenario I had. I believe the recent 4 FUDs caused the pattern to fail but I don't think we are in a bear market yet. The FUDs were mostly weak and took advantage of a weak market to drive the price down significantly....

DarkPenciI

BTC price has been moving in my predictions pretty damn well. We have increasing volume as we rise up slowly and we have seemed to broke out of the big downtrend line. We are not in the clear until we have a good volume daily close above it but seems good so far. We have plenty of momentum left as well to push the price back to 12k area to test the Inverse Head...

DarkPenciI

ZRX or also known as 0x is a protocol that powers decentralized exchanges. Very good project that had its up and in consolidation mode. Unlike other alts, it has been on a very nice descending wedge pattern throughout the bleeding. It is getting very close to the end of the wedge while finding support on fib levels. Alot of coins with similar pattern did fail and...

DarkPenciI

I think what we are seeing is a healthy correction after a huge bull run. I see a big Inverse Head and Shoulders forming. To complete this Inverse H&S we would correct to around 9.5k~9.8k area and maybe stay at 10k since big round numbers has strong supports. The 9.5k and 9.8k area is where we have FIB support and Trend line support. Very good chance for a strong...

DarkPenciI Updated 

LTC went on a decent run last week and has been consolidating. It has formed a falling wedge pattern with decreasing volume. With Litepay releasing end of the month the chance of it breaking up of the wedge is very probable. Should be breaking within 24 hours. Been holding LTC since .0183btc targetting around .0265btc to take some profit. With BTC price...

DarkPenciI

ETC is doing an Airdrop for Callisto coins around March 17~18. It is a 1 for 1 trade off and the token will be used similar to how GAS is used for NEO's platform. There has been many instances where an airdrop would cause a HUGE run up for a lot coins like NXT. The key is to find a decent entry point and make sure to take profit when it does blow up because the...

DarkPenciI

Good buy point for ADA. Retraced from ATH to .382 Fib levels. May go down to .236 fib levels during the next big BTC swing but most likely it will recover to at least .500 Fib level and retrace back to .382 for a great bounce to .618 fib level.