OptiPulse

OptiPulse

Green: Continuation of the false breakout. Price is rejected at the 0.618 fib level. Red: Price is unable to break above the 0.50 fib level and heads lower immediately. Note: Both the SPY and Bitcoin are currently around the 0.50 fib level. 0.50 fib level is a critical level psychologically for the SPY. Expect rejection and a wake-up call for many...

OptiPulse Updated 

Price is ranging right now within the green box. Support looks like it should hold. There may be larger powers at be that do not want crude to fall back below $25. Decent bounce off $2.50 support. I think it's safe to assume it'll hold for now. $2.78 resistance needs to break in order to continue trend upwards. Ultimately depends on the outcome of the OPEC...

OptiPulse

Rising Wedge, Bear Flag on the 15min.

OptiPulse

Found 2 key support levels. 0.1270 and 0.1120. If something were to go wrong in the short term, I expect these support levels to hold. Buy orders should be placed based on risk tolerance. You may not get the lowest prices. Not financial advice.

OptiPulse

The measured move of the head and shoulders pattern goes to $15. I expect the recent low of $20 to be retested. If that support breaks, then $15 is the next support. Oil is facing a demand issue more than anything. 100 million bpd global production and the demand has been cut by estimates around 30%. Which makes sense since about a third of the world is under...

OptiPulse Updated 

SCO is at a critical point right now. It seems that the large H&S has played out and quickly retreated after Trump tweeted about a potential deal between Saudi and Russia to cut oil production by 15 million barrels. No one knows exactly what the outcome of the OPEC talk occurring next Monday is going to be. If the plan falls through and political tensions...

OptiPulse

Bears have the chance to show their strength and push the bulls off the cliff to $4800 levels. If bears fail, then this is very bullish and will likely send prices past $7600 and start the bull run. Either could play out in the short term. My personal take is that the economy of which bitcoin is closely tied with is not doing so hot right now. The USA is the...

OptiPulse

I propose to you 2 cases... Case 1) The most bullish case. Bitcoin closes this monthly candle around 7500 and runs into the bitcoin halvening. Case 2) Less bullish, but still bullish from a long term view. Bitcoin drops to 4600 area and runs into the bitcoin halvening. Now I will state fundamentals that would support either cases. Both: (and the reasoning for...