paskalien

paskalien

Price got denied heavily from going further for now from around 260 USD and it seems like a logical point for a pullback as well. Hard to believe that we would drop from here but it will be a struggle for sure more near we get to sub 290 USD. Wouldn't be such a surprise to see same kind of nukes next time also.

paskalien

Oh well, were definitely expecting more energy from around here but now it seems to be that the support that has been holding the price on right course since December '17, is lost. This channel where the price bounced a tiny bit right now has also been tested few times earlier. Not looking that impressive here, for me at least. If this channel is lost, we may see...

paskalien

After fomoing on to long position earlier and didn't have enough patience to wait for a proper close and observe further, I'm sticking to my original idea of price continue going downwards and we are on a bear trend. It could be that from here we won't even see the price overlapping the body of the candle in wave #1, which is sub 9700. So far after the nuke, there...

paskalien Updated 

After the run to 14K, bitcoin chart printed huge inverted head & shoulders pattern which led to similar but way smaller sized inverted head & shoulders. In both times price peaked upside after forming a right shoulder. In first time however, it also lead the price dump step by step lower than the head itself. This time we saw similar peak up after the right...

paskalien Updated 

Well there was the bounce I was excepting here earlier and it hit straight in to trendline acting as a resistance and got denied once again. If the move higher won't start to happen now, next stop for building up more energy probably lies somewhere there under 9000.

paskalien

This chart is so funny with all this hopping upwards and touching the 82 area. Again, it seem to be that the price got denied of going more up from there - for now - but slowly it will also run out of space to bounce as reckless it has from beginning of this year. Interesting to see the outcome when this major resistance turns finally into supportive trend line.

paskalien

After the support broke around 10300, there has been couple of attempts to break back above the line. Yesterday, we got a small bounce from 9850 on to top of the channel to 10200 where the movement further up got denied right away. That lead to a drop even more down which is where we are now - not that far away from the bottom of the channel anyway. From the...

paskalien

Well, there was the bounce. Filled with hopium I was imagining couple of lines higher move from here. We'll see if there's energy for that as we get closer to this crucial trend line, elseway we could see much cheaper stocks to buy soon.

paskalien

Everything is going according the plan what it comes to decrease in price. Maybe too early to say but it seems to be that earlier support turned in to resistance and the hopes about bitcoin jumping all in the sudden back to 11K levels fades further away. If the downtrend is what it looks like to be, we could be seeing beautifully attractive priced bitcoin...

paskalien

So here we are. This is the moment for bitcoin to show the strength, it got turned down quite immediately already but maybe there still is a chance. If it can climb and stay above the trend line where the C letter is, it would probably mean something big. I'm prepared for the opposite but will change the point of view if the magic actually happens.

paskalien

Not waiting a drop further down from here before a leg up first, bitcoin clearly found support here. From there we will see does the magic internet money actually have balls to continue upwards. Now, sticking to my plan of this being just a correction. If it actually does go up, it is kind of reversal-reversal scenario I dreamed about here earlier. Let's see!

paskalien

Tesla stocks are on the move and they probably will be all the way til 280 area where there is this very obvious resistance ahead. Pullback in price is expected but if the resistance will turn in to support sooner or later, the way towards the top of the channel is quite clear. Interesting to see how this will play out..

paskalien

If the trend really has reversed and the move that is happening upwards at the moment is just a correction, we could finally be able to get our hands on some discounted bitcoin step by step not far away from here. Meanwhile that would also mean that some of the alternative coins a.k.a. shitcoins would definitely see some gains, probably the most obvious ones.

paskalien

Was sure about bitcoin dropping to 8000 area for fueling up again but it seems to be that 9000 area was enough energy this time. This bounce probably takes us to 11K area which will define the true power behind this move. Pattern forming here is similar to inverted head and shoulders we saw 2 weeks ago, big chance this will play out the same way and there will be...

paskalien

Adjusted the support line from earlier for it to make more sense and somewhere there we're sitting right now. Would be quite a surprise if we manage to maintain 10K+ and stay there before touching down at ≈8K.

paskalien

Support did what the support were suppose to. Many levels to break ahead. Things probably start to get interesting around 51-55 CAD where this bounce hopefully takes us.

paskalien Updated 

And there it is, we are back at the earlier support. Interesting to see how much support there actually is. After this there is a chance for a bounce at ≈9200 level but for some reason in this case I put my trust in to this bottom line at around ≈8200. From there I'm looking to long again.

paskalien

Assuming that bitcoin will be denied here at neckline it just dive through, makes it drop more down somewhere around 8200 according to trend line from where the last inverted head used to bounce up. After gaining enough strength, bitcoin comes back up and try to break through the craziest resistance ahead - combination of the current support and that infamous...