Pintrex

Pintrex

We've rejected 10k quite a lot recently so everyone calling for 11k can settle. Too much sell pressure at the top here. My previous trend projection (yellow) has held true. I think we will see a retest of 8.5 and a small bump then we return to retest 8k and 7.5k. We are now out of the upward channel and need to adjust.

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Once again BTC taps 10k and gets rejected... Looks awfully familiar

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clear

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Around May 20th (right near halving) all these lines converge... Very excited to see the reaction to 10k before the post halving affects can be seen

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Target: 5800 USD Reasons: Bear flag, rising wedge, still have a global pandemic lel. Be safe amigos and amigas ;)

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As stated 2 posts back a break of 9.6 would mean a long to 10k. Dont use high lev and set your stop losses You are welcome

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Good chance that we retest 9.3-9.4 wick. If we settle above that range expect a retest of 9.6k. As of right now, now open position, just monitoring ranges, as you can see we have broken through a key resistance and it is now support but no clear indication that we will not retest lower. None the less we are still in an uptrend and that needs to be accounted for....

Pintrex Updated 

Currently closing a trade at 9.5 retest, a break of this wait for confirmation of a break through 9.6 and if confirmed on a close long to 10k. only use 10% of your wallet if you take a trade at 9.6k and have take profit set at 9.8 to close 50% in profit and allow the rest to run while reassessing markets. This is a clear uptrend but given it is rumored miners...

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Targets: 8k, wick to 7.8 possible Before next drop the highest wicks possible are around 8.8 - 8.9

Pintrex Updated 

Self explanatory, same trend line used in other analysis in the past as our absolute max for any bullish momentum. Before we turn absolute bull again we will bottom out conservatively around 4.5. 2019 low was just around 3.4, 3-4% higher than the previous year's low. Comparing yearly lows we can see a rise in yearly lows overall which should not be news to...

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I outlined 2 different ways of drawing your support wicks, one from the very tip and the other from the close. Regardless of how it is drawn the support has been broken momentarily. What does this mean? When a support is broken it becomes a new resistance. Currently expect 2 scenarios (similar movements as what we saw before and after Christmas), one move to 7.3...

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Normal Price action, we will top out at 7.150-7.2 and then we will have a correction over the next day to 7k retest. The last times we saw 3 white soldiers like this we had a correction that led to around a day and a half of red (November 26th and November 24th).

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7.8k? Says who?

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Still holding, expect some movement up if we cannot break 7k. I received so much criticism over this too and everyone was saying we are going to hit and test 7.8 this week yet here we are.

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Expect wicks to 7.450-7.550 at most before we continue our decent to 7k and then 6.6 thereafter. The projected lines in this TA have not changed and you can see we are following the exact pattern laid out and predicted before. As stated the blue line was the most likely scenario and then the green was the least likely. Bitmex will have to clear out some of the...

Pintrex Updated 

Pretty basic to follow, 3 scenarios. Green I think is less likely due to the fact that we have record number longs and mex will want to wipe those out with a long squeeze. Last night we saw a scam wick right on the 1hr change to knock out some shorts and mess up charts but everything is fine on the 4hr. More than likely I am expecting 6800 within the next week and...

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Seen rejections from 7.6 a few times now. At most we may have a small pump but we will not exceed 8k by any means. I am expecting a retracement back to 7k and there after medium term still 6.6k. Use lower lev and dont be dumb.

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Again, I know it looks like a lot of lines but you can see we are in this squeeze here, If it is anything like the last drop we can definitely expect 7k slight resistance and then another drop to 6.6-6.7k. The 1H charts keep showing time and time again that there is not enough bullish strength to pull the market back so get ready this week as we will return to the...