stanosky

stanosky

Forget IHS. Bitcoin has just formed a bearish pennant. The extension of the bar is pointing towards the $10k - $11k area. This is not financial advice.

stanosky

The NANO (XNO) chart has formed an interesting structure. The exit from a bearish flag has turned into another bearish flag (pennant). This is not a good sign for the bulls and we can expect more downward move. However, as I have already mentioned in my previous two analyses, in my opinion this will be the last drastic decline. After this, I think we can expect...

stanosky

As you can see, NANO (XNO) is in the process of forming a bearish flag on the 4-hour chart and in my opinion is looking for the final bottom of this multi-month correction. If you saw my earlier analysis (link below), you can see that I slightly revised the white wedge and the likely price path (yellow dashed line). Currently, I expect the bottom to be around the...

stanosky

As you can see on the chart, the XNO price has broken through the lower edge of the blue wedge and is unsuccessfully trying to get back above it. I think we're in for another sizable drop to around ~$0.7 but that's no reason to panic. I also drew a white falling wedge on the chart. If I'm not mistaken, these will be the last dips after which the price should go...

stanosky

Nothing fancy this time, just a boring falling wedge waiting for a long. Nahhh… wanna buy? I hope not. Cause it's not financial advice!

stanosky

I think we have two scenarios right now. The first most obvious would mean further declines over the next few days. However, it seems to me that this will not happen, and soon there will be a sharp upward rebound to the point of intersection of the two channels visible on the chart above. Such a move, in my opinion, would result in the formation of a symmetrical...

stanosky

As you can see the bitcoin price is following the lines that have been drawn nicely. The target of this pattern will probably be the level around 32500. This is not financial advice.

stanosky

As you can see on the chart bitcoin has bounced again from the temporary support line and is about to retest the Cup and Handle formation resistance line. In my opinion, a rising wedge is just forming and will touch this line. The price movement should also form a bearish Head and Shoulders formation on the chart. Also, the target of the upward wedge is below the...

stanosky

An inverted head and shoulders formation is just finishing forming on the hourly chart. As a result, I think bitcoin will soon start to climb all the way up to around the 36K level. Most likely, this upward movement will form a rising wedge with a target below the 28.5K level. This will trigger further drastic declines. The above analysis is just my subjective...

stanosky

As you can see in the chart above after the initial price drops, bitcoin is trying to climb slowly to the green resistance line and touch it. To me this looks like a classic retest of this pattern. After that, expect further drastic declines. The above analysis is just my opinion, do not take this as financial advice.

stanosky

As you can see on the chart, currently Bitcoin has broken down through the green trendline and found temporary support at the top of the grey channel. In my opinion, a retest of the inverted Cup & Handle pattern will occur within a few days. In turn, this will trigger a sharp bounce downwards and reach the second correction target, which appears to be at around...

stanosky

The target is around 28500, then I expect a rebound to around 36000. You can check out my previous analysis below. This is not financial advice.

stanosky

Take a look at this beautiful M logo. Doesn't it shine bright enough? Think for a moment about all those fat years when bitcoin only grew. Now it's time to stop watching for easy money. Crypto winter is coming. And the bears want to eat.... This is not financial advice.

stanosky

What’s the difference between Bitcoin and a tea bag? The tea bag stays in the cup longer. This is not financial advice.

stanosky

...the suspense is unbearable. This is not financial advice.

stanosky

It looks like bitcoin is trying its last effort to test the rising wedge for the third and final time. RSI is also indicating a bullish divergence. However, I think this is the last uptick before the final capitulation. Anyway, such a retest will create quite a sizable H&S formation on the daily chart. This is not financial advice.

stanosky

Too bad it's so short. This is not financial advice.

stanosky

The Rising Wedge or the Head and Shoulders? Relax, you no longer have to choose. This is not financial advice.