CryptoPummel

CryptoPummel

The dead cat bounce scenario might be repeating for the EURUSD. This will be simplified by tariffs to Canada and Mexico, if they occur, as it will strengthen the dollar.

CryptoPummel

The idea is to check 2 other times that a similar situation was brewing. If you look at the chart, in around 7-8 weeks of consolidation, after that it will pump like crazy. I put my target in the range of 30-44$

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EGLD is following a very similar wyckoffian path to Bitcoin. It is the time to jump in. Everything is explained in my tweet: x.com Different to BTC, Money comes and go in and off the altcoins like crazy. I think the pump can be much faster now, after a very slow consolidation. And volatility will be much bigger. The time for strong hands has come.

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Taking the Wyckoffian approach of counting in PnF charts I figured out these 3 stepped targets, depending on the Y-axis point size (1000 or 2000$), and the start-end for counting the bars. I counted from ST to SPRING and from BCLX to SPRING. Therefore in this chart there are 41 bars between BCLX and SPRING, a "reversal amount" setting of 3 and a size of 1000 $...

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Heikin Ashi weekly S/R levels are determined by red bars with no wick after an uptrend. Those levels coincide EXACTLY with all the retracement Fibonnaci levels from current swing from the latest high. To me this is a signal that don't go lower. Note as well the bullish divergence that already started a bullish rally previously. Close to the recovery!

CryptoPummel Updated 

As other alts, JASMY has passed the resistance and now should be directing to the 1.618. The 1.618 religion is back!

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We can continue seeing consolidation of Bitcoin for a while. The overbought condition has been extended for a while, with a significant bearish divergence in RSI. We need to see how the following 2 weeks develop.

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I went down to the crossroads Fell down on my knees I went down to the crossroads Fell down on my knees Asked the Lord above for mercy, woo-ooh Save me, if you please I went down to the crossroads Tried to flag a ride Went down to the crossroads Tried to flag a ride Nobody seemed to know me, woo-ooh Everybody passed me by.... * Beniamin Mincu is doing a...

CryptoPummel Updated 

I already added the comment to my other idea (linked below). A more conservative target would be 140-170$ if we are believers of the 1.618. This is when we don´t consider big wicks, we also look at the volume profile resistance levels and we look at the historical 0.618 retracement from previous all-time-high. This could be a possible channel to go there, also...

CryptoPummel Updated 

I love the idea of fractals, specially when it is to see a revival of a huge parabolic run. Are you a believer of the 1.618 religion?

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The gains for MATIC can be huge. After overcoming the weekly ichimoku baseline and taking it as support, MATIC should now go to higher levels. The 1.618 level is already a 170% gain. Unless the pattern would become a distribution one, which right now does not seems to be, MATIC can really exploit. The X.618 religion is back!

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Like many other alts, FTM is going up to the 1.618 levels. I put two fibonacci extensions setups to find out possible target. The 1.618 religion is back!

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We did not believe it in the previous rally. And still will be a huge diminishing returns from 1300% to 800%. By May 2024. Why not? eh? Why.

CryptoPummel

This is what BTC could be doing, if we look at my idea for EGLD and the fractal with BTC in the period of March 1st to March 10th this year. Besides, I draw the head and shoulders pattern that will help confirming this move. As for timing, this would be perfect for a Christmas rally, starting around the 23-24th. Smart Money want to fill their bags, don't forget!

CryptoPummel Updated 

Bitcoin did have a huge dump around March 23rd 2023 before the bull run it is experiencing. If we would thing that EGLD is doing something very similar, I would not be surprised of having some time of dump as last point of support for the big actors to fill their bag one last time and only then go up. That also would coincide with the retracement that BTC is...

CryptoPummel Updated 

Using Heikin-ashi candles we can find the weekly Support and Resistance Levels that should be the main targets for the current downtrend for SP500 in the next few weeks.

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Some people thought that we could have a fractal similar to the past dead cat bounce scenario and go down to the 0.382 or even lower, but this does not look like in the past, as we don´t have the huge weekly bearish divergence in RSI that we had. Therefore, I think we still need to retest the area of 0.618, that we passed like butter, or even close to the 0.5,...

CryptoPummel

To complement my previous idea, we can see the possible parabolic curve that EGLD would be forming. Again, be ready for surprises, the last point of supply (LPS) can happen violently, I would not leverage.