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pennygene

Disclaimer I have to warn you that we highly recommend not taking a new long trade on ZRX. Before you place a new order, make sure your trading decision is in line with your strategy and risk management. The order described in this post was placed over a month ago and is already closed with profit. Reason to Buy Late December and early January were a really hot...

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The other day, we wrote that we were buying BTC for market price. And we want to open additional positions in case of correction or retest. But that retest might happen or might not. We have added the past candlesticks to the current chart. We used the same bars that broke 19200 in December 2020, and you know what? The situation could happen again. We didn't make...

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Let's explore the topic of our previous post a little more and see what other mistakes you could have avoided. As we identified in the last article, the first mistake was trading on the news. Second on the list, but not the second most important, is your trading style. Your profit depends on the trading style you follow, it's a fact. At Pennygene we are...

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Hi guys! In the recent update, we wrote that we are waiting for the 42K retest. We are still waiting for it, but base on the current dynamics, it might not happen. We do not have a clear answer whether it will or will not happen. No one knows that. But you need to have a trading plan. Our plan was to buy on the breakdown of the previous ATH 42K. Which we did. On...

pennygene Updated 

Hi guys, As you know, starting from the All-Time High breakdown, we hold long BTC positions starting from 43K. If you don't' have a position now, we have few options for you: 1) You can Buy now on the spot (just from the long-term perspective) and wait for the retest. You should open an additional long position on the retest of 42K level. It can be a spot or...

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Now the cryptocurrency market is entering its strongest phase. There are a lot of emotional traders on the market at the moment, a lot of 'buy' trades at price tops, and the market value of bitcoin is highly inflated. All we see in the market now is the emotion; fear and greed of people who did not have time to buy when the price was fair. They are now forced to...

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I think you often hear: “Bitcoin doesn’t have any fundamental parameters”. I can only partially agree with this statement. Bitcoin doesn’t have normal fundamental parameters. It’s why bitcoin doesn’t make sense to compare with stocks. It’s two different things! We could compare It with gold. It’s growing because people buy it and we have limited resources. That’s...

pennygene Updated 

It looks like this company has risen from the dead. We've seen gorgeous last two years of crazy growth. Check out their Balance Sheet. That's great! But the past of this company is a little troubling. So we'll also be waiting for the next report. Very strong points about the number of insider traders and the normal level of dividend payout. P/E 6.58 Although the...

pennygene Updated 

This article should help you understand what is going on in the BTC market, and what should you do in this situation. Nowadays, we have seen that BTC price broke a $40K level that was a strong resistance level before the previous ATH. After that, we've seen that the ATH level was beaten with the 10% pump, in this case, all we can do is making long trades, which we...

pennygene Updated 

I hope you didn’t buy BTC yesterday. It was a great retest 40K level. Please wait. We continue waiting for the correction. Even if you think that ATH is behind and all traders who wanted to make a big profit on this movement already did it, we don’t agree with this statement. If you believe you lost this possibility, and you won’t take any more chances, we don’t...