panconpalta

panconpalta Updated 

OK first things first. This is definitely not a bear market. USD fundamentals, BTC fundamentals and onchain analysis has proven we are in the middle of the trend not the end of it. The local mid-year top was made with a wyckoff distribution which wasn't common thing for BTC in previous bull market cycles post-halving making me believe what happened in June-July...

panconpalta Updated 

This picture is as clear as it gets. Daily resistance/support flip above 47k, consolidation and continuation of a trend. Most likely will be breaking 55k and then ATH in the couple of months on huge volume.

panconpalta

This is pretty simple: FED will keep printing USD they have no other choice. The macro BTC chart with respect to inflation and constantly growing M2 money stock supply has just retested all time high breakout so the trend has only just started. This money will end up in every scarse asset, including crypto and BTC. The second half of the year 2021 will blow up your mind.

panconpalta

First touch of weekly 21 ema. First touch of weekly Ichimoku Tenkan trend. Fear and greed index is at lows. Dollar index is only in the beginning of it's downtrend. BTC trend is still very strong. Only up from here, sellers will regret.

panconpalta Updated 

If you want to miss a new multi-year bull cycle for altcoin market, sell or take profits here. To the rest of holders and traders, congratulations! The odds are very slim to close this in red.

panconpalta

Imagine not owning or buying any cryptocurrency Or even worse: shorting it That's like going long on that nasty UD Dollar chart Cryptocurrency market will hit trillions of dollars. Are you ready yet?

panconpalta Updated 

Technicals say to short with a tight stop somewhere around here. It's ok for a short term trade. But, this bear trap will be remembered by generations. I expect a V-shape recovery. My opinion. Reason: the speed of how fiat currencies are getting devaluated by insane printer. 6 trillion of unlimited cash and they aren't going to stop. Buy a deflationary currency...

panconpalta Updated 

Best coin to hedge open long positions at other altcoins that are ready to pop soon. 4h Lagging span confirms end of the uptrend for now. Huge bearish div at volume and price. Seems like the party is over here. 3.17-3.30 is the best entry

panconpalta Updated 

Bitmex funding going to be around -0.20% in 16 hours for ETHUSD pair if you don't let it go up. Close your shorts bears.

panconpalta Updated 

After a record high volume spike for the last 3 month, standing on yearly support.

panconpalta

Do you know why the whale doesn't cover his insane short so you to keep piling in your money in overcrowded trade? Because they buy spot ETH at other exchanges. The whale bough up 20k ETH at 200$ with his whale wall at Bitstamp when everyone panic sold. He is at least 1/3 hedged by spot ETH already. But keep selling ETH it's obviously going to zero.

panconpalta

Bitcoin shorts are showing possible local reversal with this falling wedge pointing right into green Ichimnoku cloud which is a possible rebound zone. Market is very bullish, but don't be greedy people and don't forget to take partial profits. Anything can happen. For this idea to be invalidated I want shorts to dump and bleed below 20k. Dump, not slowly falling....

panconpalta

Just an updated zoomed in chart from this idea

panconpalta Updated 

Crypto trades 365/24/7. Why in the world people from traditional markets keep using 200 EMA? I have no idea. The death cross everybody talked about didn't even happen in March. The fate of Bitcoin for the next year is going to be decided in the next 1 to 4 weeks. If you take a look at Ichimoku cloud and EMA 365/60/30 you can see there are 3 different scenarios...