paskalien

paskalien

Sentiments seem to change from 'this is it' to 'this is the end' very quickly in crypto and bitcoin. I consider bitcoin just made an important breakout and is just retesting the previous levels. We *could* even get a sweet opportunity to buy spot or long around 9.2-9.3 or so. This is only the beginning!

paskalien

I've come to conclusion since bitcoin haven't plummeted yet but not rocketed upwards either, that the descending broadening wedge forming since February ($10K+) is in play here. As much we seem to need the touch of upper trendline, I don't see the break of it coming in just yet, without price tanking first. If this really is the scenario here, we can make...

paskalien

This marvelous last push to $7000s started on April Fools from $6200s and got sold heavily down (to $6700s) when the price reached ~$7200. On Wyckoffs distribution schematic this is stated as the last phase before the price start falling, eventually all the way beyond the distribution trading range, which is $5.7K-$5.9K in this scenario. This is called Upthrust...

paskalien

To not predict too much of where exactly the price is going to land, I'm prepared for the ride and to scale in on levels stated on the chart. Considering it was quite a struggle more near $7000 we got, I think this $6200 area is just not low enough for gathering enough fuel to get beyond that. Another interesting thing to pay attention to, probably, is this...

paskalien

It was the flip of 6400 s/r that was the key level for me, to turn back bullish on short-term - despite my very bearish vision I had. Now, since we are back inside of that same channel we lost earlier, the price might as well be aiming to sub 8K's. From there we shall see what happen, but my bold prediction is that we'll see pullback to near 7K. If this ascending...

paskalien

So, let me share this interesting speculation based on Monero chart. Now, it's clear that crypto tokens move altogether more or less, and paint the same kind of structures, channels, breakouts, -downs and such. While inspecting different charts of alt coins and bitcoin we have seen the same sort of descending channel - in case of bitcoin, starting since $10K+ and...

paskalien

Hold your horses and spaceships, do not FOMO in just yet, there might just be plenty of room for better than good buy-ins and for massive %%% gains in a very near future. Introducing coronavirus-infused falling wedge, scaring away the others, but for those being patient and ice-cold enough, giving an opportunity for 3K+ bitcoin!! Too good to be true? We shall see...

paskalien

Assuming the support will hold here, looking for around 80% of gains when the rocket ship is fueled once again

paskalien

Assuming and ready to catch $BAT to dip a bit more to seek for decent %gains

paskalien

Assuming to see the touch of ≈$3.6, $ATOM could deliver some fancy gains for those being patient. Or some decent %35's at least if wanted to play it more safe

paskalien

Assuming $ADA will touch and hold the support, good opportunity for some good %'s

paskalien

Assuming $ALGO won't lose the support it gained after the heavy grind, looking for %gains around 90 after the dip is over

paskalien

It has been some time now that bitcoin been keeping us waiting for the big move. It seem to be clear after couple of attempts that we may need to re-fuel this rocket ship on a bit lower levels from here before the proper upwards move. It also fits the scenario of these Elliott waves finding place. Drop from here to around 10.8K area would not violate the Eve and...

paskalien

So much promising situation there was and even the magical third time spirit in the air did not provide upside break this time but lead instead to this massive drop downwards and hit straight in to support that should be there for holding the price. Much climbing ahead but probably good longing opportunity as well.

paskalien

Crazy rally upwards has stopped going further up - for now. Personally I was a bit surprised of another leg from sub 12K but maybe the Adam and Eve made the trick happen. Drop from here below 10K looks unlikely to me and even correction too much below 11K is something I be watching out with care. This feels like a bull game going on here after a bit of re-fuel first.

paskalien

What a great chance it was to long the magic internet money from sub 10K. If my count is right or even somewhere there we could still go up a bit from here. One thing that is probably for sure anyway is that we will not go past the top of the huge falling channel that is around 11K+ without some sort of correction first. Let's see how this plays out.

paskalien

Wrote here earlier about the third time magic of Square stocks and how the price got denied once again. This time seem to be different and maybe there actually is some magic in the air - if this pennant actually breaks upside from here we could finally be seeing a whole new priced Square stocks. Last time momentum above the trend line lasted around two weeks...

paskalien

Bear inside of me is getting crushed by the bulls with this recent price action where bitcoin already broke two crucial trend lines that has been holding the price on a specific range - in my opinion - and is now facing the third one. First one of these is the very steep one connecting the three peaks together from where the price always saw more downside...