stanosky

stanosky Updated 

Today on the chart an unusual formation. A inverted cup within a cup. The first one (blue) has already reached its target. While the second (yellow) is slowly finishing forming. Additional confirmation seems to be the rising wedge. This is not financial advice.

stanosky Updated 

I'm back with the flag! Join me and wave it hard! This is not financial advice.

stanosky

Unfortunately, my darkest scenario seems to be coming true. Nano, is just beginning to close the handle in an inverted cup formation. If there is no upward bounce, we are in for a downward rally. In a nutshell: first, the price will fall to the level of about $0.5 (blue line on the fibo), then there will be a re-test of the Cup and Handle formation, ...

stanosky Updated 

I don't know about you, but outlining various scenarios for the demise of Bitcoin gives me some strange joy. There is something appealing about predicting negative scenarios. It's firmly rooted in human nature. Good news is boring, anyone who has watched TV even once will tell you that. We want drama, adrenaline and blood... even if we know it's stupid. But who am...

stanosky Updated 

See those blue lines? They are like walls on a track. When bitcoin hits them it abruptly changes its direction and glides along them, just like a speeding car. Interestingly, all these lines are perfectly parallel. But that's not all. The chart also shows a green and a red channel. As for me, they are the equivalent of a bull and bear market. Moreover, bitcoin...

stanosky Updated 

A lovely bearish pennant has just finished forming on the hourly chart. This means that we are in for another leap into the abyss. It looks like the target is around $20700. This is not financial advice.

stanosky

As you can see, a bearish flag has formed on the 4-hour chart. In addition, a hidden bearish divergence can be seen on the RSI. This is not financial advice.

stanosky

Oh no, wait, it's just a big rising wedge.... okay, never mind. This is not financial advice.

stanosky Updated 

My previous prediction turned out to be wrong. But hey, here you have another cup and handle. This time it looks more likely. This is not financial advice.

stanosky

On my previous forecast, I noticed the forming pattern of Cup and Handle. If I am right, Bitcoin will then form an Eve & Adam double top formation, which is very bearish. This is not financial advice.

stanosky Updated 

As you can see on the chart, Bitcoin is just forming a nice inverted Cup and Handle formation. The likely target of this formation is the Fibo level of 3.618 ($19352). This is not financial advice.

stanosky

A diamond pattern is likely forming on the four-hour chart, heralding an imminent trend reversal. This is not financial advice.

stanosky

Bitcoin just printed a cat... he doesn't know yet that this is his last life.

stanosky

This latest rally looks like a "dead cat bounce" to me. It's happening too fast and too soon. Yes, I know I thought we were dealing with this before. However, this time everything fits together like clockwork. Let me explain: MA 50 200 death cross intersection (which never happened on the weekly chart), RSI despite the bullish divergence (at the bottom)...

stanosky Updated 

I believe that bitcoin is just finishing forming a double top pattern (yellow line). If I am right, we will see a nice H&S next. This is not financial advice.

stanosky Updated 

Humpty DUMPty sat on a chart. Humpty DUMPty had a great fall. All the bitcoin bulls and all the bitcoin lovers Couldn’t put Humpty together again. This is not financial advice.... nor a poem just a sad reality.

stanosky

That smell of money wafting through the air? Bears are said to have a good sense of smell... ahh... you have been warned. This is not financial advice.

stanosky Updated 

The bearish pennant on the weekly chart has not yet been retested. Hence, I conclude that we are in for a sharp upward movement up to the point marked with a red dot. From that point we are in for a trip to hell. Straight to the area of the devil's price of $6660. This is not investment advice.