CryptoPummel

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.

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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,...

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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.

CryptoPummel

EGLD could very well be doing a parabolic curve in the 4h range. This is another way of seeing it, within an ascending channel, with the corresponding FIB extensions drawed from the lows of October. This could be a FOMO, or could be not. We could also have some bumps in the way, but Santa is around the corner, I can feel it! Target: 119$ (+90%)

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It would be very weird to have an untested monthly CPR for BTC. It rarely happens. Therefore, this is one proposal I think it could happen until Nov 30th.

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This might seem very easy, but I don´t see why not. I expect a 40% for ETH after long time sideways

CryptoPummel Updated 

BTC is showing what could be a bump and run reversal scenario, where it could be moving laterally for 4-6 days, while the altcoins pump. After that, it would have a massive pump to the area of 40K, to retrace then down to 33K (the CPR level) before the month ends. ¿crazy? let me know what do you think in the comments below.

CryptoPummel Updated 

I am sharing here this idea where the usual steps of Wyckoff redistribution hare happening, after the highs of the top before starting the consecutive declines.