Pungvift

Pungvift Updated 

After the failed breakout of BTC a couple of days back, it was natural it would go back down (mostly due to the high RSI). I anticipated a bounce somewhere in the $9.5-10k zone, which was confirmed (dotted arrows), altough it didn't make it as far up as I had guessed. Instead it kept a low profile in the bottom or right below my support zone. And now, in the...

Pungvift Updated 

The title is a bit clickbaity, I know, but I just wanted to write some thoughts down. BTC broke out of the bear channel's top, which is a great sign to support the correction being over. I'd say it's worth to be cautious though, because the RSI is around 70, and the volumes are quite low, which could indicate this breakout being a false breakout. I don't believe...

Pungvift

In my previous post I predicted it was likely BTC would bounce around $8k to about $9.2k, and fortunately (if you traded) that prediction was spot-on! But like Han Solo says: "Don't get cocky, kid!". I'd say it was an educated guess that luckily turned out to be true, and today I'd like to make another. As you can see right now we're touching the bottom of the...

Pungvift Updated 

So this is my first time posting an idea - and it's kind of a mess really, because I've been sketching around since late december. But two clear ideas I made quite early on is the bottom of the downtrend channel and the triangle wedge. The bottom channel suggested the start of a bear market, and the top at $17k confirmed the channel, while the triangle...