louloubob

louloubob

For investors, the weekly timeframe seems to provide the best signals for entry. We can see that hidden bullish divergence appeared on the weekly timeframe with a leg up over the past 10 days or so. Weekly Stoch RSI has cooled off boucing off the overlayed 21EMA. On the charted exchange we are also seeing a cross to the upside, but other exchanges havent developed...

louloubob

Broadening (Top?) Patterns are formed in times of widely varying market outlooks, and the DJI has formed two megaphones recently. One on the weekly(maroon) and one on the monthly(blue). In both cases a strong parabolic rise preceded the pattern (in green), followed by a 5 wave broadening wedge. The megaphone starting in 1998(blue) eventually broke out to the top,...

louloubob Updated 

The ASX has historically moved in the large cyan ascending channel since the 1980's, which even held during the GFC in 2008. This was broken to the downside in June 2015, and its final rejection of this line has led to the latest declines. During that time price has been propped up by a trendline formed from the reaction low from the GFC bottom. Possibly a...

louloubob Updated 

Here, i have set the RSI to a 10 week period. Why? Because the 50 line has offered strong support all the way back to 2016 with these settings (otherwise its 53/54 on 14 week). When we broke the 50 RSI level in 2017, we went into a long bear market, and a break of 50 saw us go on the 2019 parabolic run up. So where are we now? We broke down the 50 level,...

louloubob

If bitcoin fails to close its daily above 6700, we should be heading for a target of 3500.

louloubob Updated 

The diamond top in my previous idea followed the green channel down perfectly. Interestingly, the final target of 9160 was only reached after a break out and retest of the channel as support. The bounce off the channel support took price straight up to the channel breakout target of 9470 after confirmed bullish divergence on the edge of oversold. This...

louloubob Updated 

A Diamond Top is forming on the 15minute Bitcoin chart. Bearish divergence on the RSI and MACD. Likely target around the 9200 area depending on breakout.

louloubob

Buy when Weekly RSI retraces to around 58-55.

louloubob

The Olive circle may be the likely point in the market cycle we are at.

louloubob

If history repeats 2015, we should see a target of 9200 (the .618 target), followed by a dump to around 6500-6000 (the wave support line before the start of the bull run.

louloubob

The SHORTS MACD on the weekly is about to cross bullishly. Expect shorts to sky rocket over the next week, as short levels break back into the long term channel thats been forming. I expect consolidation of BTC price for the next week as it tests the 50WMA. Shorts will grow rapidly as the 50WMA rejects BTC price. As shorts peak, we may see a fake out break...

louloubob Updated 

Regardless of whether BTC does a fake golden cross on the 50/200... Either buy early entry on the pullback to the 200. Or wait for confirmation with the cross of the 365

louloubob

The december bubble top didn't even manage to test the previous long term trendline. The trendline from 2014-2019 is being tested right now. Wait for break of 5500 +