Sonny

PENGU EW Count - HTF and LTF analysis

Doesn't get much more bullish than a nested 1-2, 1-2 on HTF... and that's what we have here. Move off the recent lows is clearly impulsive and it barely gave anything back in the subwave 2 retracement. I think it was the only coin not to go lower than it did on Friday over the weekend.

So this is where wave 3 of 3 kicks in which is the parabolic part. This is why I'm 100% focused on PENGU due to the relative strength, and not everything will run hard at this juncture. So my plan is to make as much money as possible on PENGU this week and then use those profits to rotate into the laggards (XVG + CFX) into the September 7th bottom.

So profit taking levels for PENGU...

We will have big psychological resistance at $0.5 & $1 - they also line up nicely with relevant macro Fib levels too. So they will be the levels to de-risk. I don't see this momentum continuing past 30th August based on the astrology, so I will be using a mixture of levels and timing to tak

I think MARA is setting up for a head and shoulders, we should see a bounce next week but because bond yields haven't topped yet, the miners will continue to come under pressure until yields roll over

I will explain bonds in my following post

That was the pullback for BTC into the golden pocket and it looks complete

You can see how most alts are holding up better than BTC now, a clear indication of what part of the cycle we are in