pennygene

pennygene

In our recent article about Bitcoin, we wrote about three scenarios for further trends of the Bitcoin chart. Now it is not yet clear which one of them will actually happen. We think that the further growth of the price will happen through the correction. We don't know yet how deep a correction we will see. I mportant: We are not supporters of drawing lots of...

pennygene

Hello everyone, We often experience situations when we have to hold spot positions for a long time or just hold cryptocurrency in Stable Coins. At the moment, the cryptocurrency market infrastructure has grown, and traders now have a huge choice of tools for passive income. We have tried different services, exchanges for trading accounts, and staking during the...

pennygene

Pennygene took a small break and did not publish new trading ideas for some time. Another divergence appeared on the chart after the ATH update. As a consequence, there was no point in waiting for the growth. Therefore our margin positions have been closed since April 11. Since then, the only right decision was to wait. We expected a correction, but much earlier...

pennygene Updated 

The situation of the last few days gives us to understand that BTC gathers liquidity from both sides and moves in a range, such uncertainty is called consolidation. The best thing you can do now is to buy BTC to increase your long positions. A strong resistance zone at 59,200 - 59,600.  Since the ATH, this range has remained resistant for more than 3 weeks, it...

pennygene

We recently wrote a post about when we plan to open a position on ETH. Everything went according to our scenario. You could buy in the green zone as well as on the breakout Now you need to hold the position. Stop loss: We would recommend closing the position if the day closes below the green zone. TP: Otherwise, you need to keep the position until the goals are...

pennygene

What we see today is called consolidation. We have a clear understanding of the resistance and support A lot of people think that alt season is a start, but from perspective, it's about to finish. This is a good time to open new positions. Unfortunately, we still have few volumes on the chart, but they should appear soon. This is the only thing that stops us...

pennygene Updated 

We bought this type of junk, like many other altcoins, around the New Year. It was the best time to buy Altcoins. But now the right time to close the Altcoin positions, they have already given a possible profit. A lot of people want to buy Altcoins now since altcoins are growing. But the problem is they have already grown up. And maybe they will grow up a little...

pennygene

This article is for those who have seen the "end of the bull cycle" on the bitcoin chart in the last two days. Why don't we think this is the end of the bull market? I will not hide, most likely bitcoin is close to the end of this cycle, but now is not the end and here's why: 1. The global uptrend is not broken. Even though in 2 days we saw a 13.7% drawdown, we...

pennygene

Accidentally earned/lost money. We need to collect food for new players We recently received a message. "You said not to buy TFUEL. And it grew by 300%. Why? You are a bad advisor." All altcoins, especially coins with small market capitalization are very chaotic. It could grow up to 300% as much as could and fell by 90%. You will never know it. Therefore, if...

pennygene

We do not encourage you to buy or sell. Just walk past this asset that will probably grow by 10,000% or not. Or you will lose your money. Nobody wants to buy at the start. But everyone wants to buy at the end. As usual, it happens that people start buying what has already grown. And yes, perhaps this asset will grow by 100%. But the risk is bad. If you want to...

pennygene

At this time, we don't recommend HOLO as an asset for your new long orders. And there are many reasons for that, here are some of them. If you're a risk-taker on Altcoins, you're too late. This coin made 480% last month, and in the three and a half months since the beginning of the year, it has made a whopping 1500% profit. That's fine if you caught that profit,...

pennygene

To summarize our prediction, it sounds like the bullish trend is still in force. We will likely see $90k per bitcoin in the next two months. We came close to the level of the current ATH, at the crossing of this level we will see a very rapid jump in price upwards, as the fact of updating ATH always affects traders. (Especially for emotional traders) Now we like...

pennygene Updated 

If you didn't buy bitcoin when we wrote about it yesterday, the riskiest remaining option is to buy it now. But you should understand that a small drawdown is still possible. We bought it at the opening of the week. The most correct option would be buying on the breaking ATH ($57,500). In case of a good volume, you can open a safe Long position on the breach of...

pennygene Updated 

Nothing has changed since our last BTC review. We are waiting. The only thing we see is that we have 2 scenarios left. Nobody knows which of them will choose bitcoin. But we know what we'll do when he decides where to go. Probably one of the most difficult tasks for a trader is to wait. Imagine what it is like for people in conventional financial markets where...

pennygene Updated 

We had a successful retest of level 47433. The day closed above which means that Bitcoin doesn't have a plan to go down. All our position including yesterday is safety. We didn't have the retest of 42K, but we find the best entry point higher. The next good entry will be around 57500, when BTC will be updating the new ATH. I think it will be the last our...

pennygene

Hey guys, it was a great week for Bitcoin. We don't have a lot of updates for the BTC now. We hold our long positions and waiting that this or the next week update the current ATH. When BTC will update the ATH we will open an extra position. This would be one of the last opportunities for you to buy Bitcoin during the current bullish market. Yes, we are not sure...

pennygene Updated 

It's been a long time since we at Pennygene saw a chart change so dramatically every day. But don't worry, we're here to explain it to you. Let me answer your question right away, no it is not time yet to sell your bitcoins. (We saw exactly the same asset price less than 13 days ago and thought it was a rising market. So I see no reason to think otherwise at the...

pennygene Updated 

A new day and a new Bitcoin review from Pennygene. As you might have already read in our post two days ago, we don't think there is a trend reversal going on right now. We still think it's better to buy BTC than to get rid of it. We will increase our long BTC positions at any retest of the lower levels, if the price goes down to $41k-$42k that would be great for...