nopenny

nopenny

The halving is done and we have seen a bit of volatility the last hours before. Now to the moon??? I wish for it but i don´t expect it. What is the initial situation: - We see lower highs along the falling purple line - At the Moment we see a lot of resistance in the area of 10.000 - 10.500 - Seven positive weeks in a row - The halving - A lot of hype on...

nopenny

Bitcoin didn´t make a new high above the last top of the china pump. In previous months the area of 10.300 -10.600 was a strong resistance/support zone. Even the power we had from our last sixty percent upward move from the mid of december couldn´t take us to the moon. That makes me suspect that we need more power to break through this area. It currently looks...

nopenny

Since the top of June we saw a clear correction to the previous bitcoin level. With the break of the 61,8 fib-level in the area of 7.200$ we confirmed a further downmove. Some people say it currently looks like a doublebottom but i don´t think so. It was definitely a new low and we jumped back into a boring sideways zone. If we want to confirm a bullrun we have...

nopenny Updated 

Correction over? Maybe but i do not believe it. Here are my thoughts: In the daily consideration we can see a double bottom at 7.7k. That means the dump is temporarily over and we have to accept a consolidation for the next few days. My target area is 8.9k with a touch of the falling ema-ribbon. Even if it can continue to rise at the moment i don´t so see a...

nopenny

I just have to say - nothing new - Here is the text of my last analysis. I couldn´t belief to see this. Everybody is asking where the correction of bitcoin will end. Here are my thoughts: Requirement: We will not break the high from June 26th. Bitcoin likes the 61,8% level to retrace movements. Additionally bitcoin closed past future gaps every time. In my...

nopenny

I couldn´t belief to see this. Everybody is asking where the correction of bitcoin will end. Here are my thoughts: Requirement: We will not break the high from June 26th. Bitcoin likes the 61,8% level to retrace movements. Additionally bitcoin closed past future gaps every time. In my opinion it is possible that we see a consolidation with low points in the...

nopenny Updated 

In my opinion bitcoin is in an overall BULLMODE. But we need to get a healthy correction back into the buyzone. At the moment we create a classic bear pattern with a bear flag. A bear flag is a correction in a downtrend. For me there a no bullish signs at the moment. But in cryptospace everything is possible. I will wait for lower prices and buy with cost...

nopenny

Regarding my last update from Feb 24 an upmove was not surpising for me. But i didn´t expect this 1.000 $ moonshot. Is the bear market over now? The bulls took an advantage and "killed" a lot of bears, we broke the strong resistance with a mega candle, but we didn´t neutralize the dump days from nov 18. I think we have to be careful now and should not buy in...

nopenny

Just a short quick update 1. Breaking the falling resistance at 3.850$ is a bullish sign 2. The higher low at 3.350$ is a bullish sign 3. First higher high at 4.150$ is bullish sign Please pay attention and consider it in context. Since November the price lost over 3.000$. Every little reaction rally created a lower high. We didn´t test the low of december to...

nopenny

As i said in my last analysis - bitcoin is still bearish. But i am a believer in bitcoin and i think we are in the last part of the bear market before we see the return of the bulls. I think it is not possible to catch the bottom exactly. So i try to find an area for my longterm investment. I used a fibonacci-projection for the first target zone. In my opinion we...

nopenny

Almost three weeks since my last chartupdate and what should i say - NOTHING NEW. Bitcoin is still bearish and there are no arguments for moon analysis. I left the old arrows and lines from my last btc chart. The volume dies and the bulls can´t get advantage. Every few days spikes but over all falling prices. The bulls have to break the falling resistance for...

nopenny

Last time i expected "...an additional move to the area of 4.260/4.330$" but we stopped at 4.230$ and broke down to the current level of 3.620$. Are still sure that we are goin to the moon??? I don´t want so sit in this rocket. We didn´t create a higher high and the only conclusion is that we are still in a bearish trend. I see a high probability bitcoin will...

nopenny Updated 

We´ve seen a nice bullish move on the weekend. Over 300$ upward and everybody is looking to the moon. Breaking the little ascending triangle ist definitely a small bullish signal. The upper line of the triangle is the new little resistance which was tested today and i expect an additional move to the area of 4.260/4.330$. I have to review my bearish attitude when...

nopenny

Happy New Year!!! Has something changed? No! In my opinion the BTC ist still bearish. At first we see lower high after lower high and falling volume. I´am suspiciously, everybody is talking about the bullrun. Don´t get me wrong, a bullish move is possible but we have to break the resistances in the chart. At the the moment there is just hope for a bullish move,...

nopenny

At first i will clarify that i am a believer in bitcoin. I don´t think bitcoin will die or anything people outside say about it. In my opinion bitcoin is still in a bearish trend and we see a bullish reaction of the last days/weeks. All the way down we saw this and i think it is just the same. This bullish reaction is limited to the price area of 4.5/4.6k. I...

nopenny

For the overall scenario i am still short. At the moment i don´t see prices unter 2.000$ but nobody knows what the future will bring, NOBODY WILL. Looking to the chart i actually see a falling wedge with a potential target at the area of 3.000 $ (blue lines).

nopenny

It is just a short term view. For the overall view i am still bearish.