Parabolic channel still in play until July? or more?
As mentioned in previous analysis the support never broken. Where others saw a rising wedge a bear trap was forming indicating trend reversal, but just as i thought the support held and rising wedge turned into a falling wedge. Target might be 9600-10000.
Fun fact, other markets were plummeting due to trade wars then the self made war got self resolved after threatening mexico with tariffs unnecessarily, then saying oh we've reached an agreement where there was an agreement already in place. Just giving fake media boosts to markets. although
SPX
and
NDAQ
made nice gains last week when BTC was consolidating. But now look at the boards everything even oil is down except Gold and Bitcoin the digital gold.
Cheers.
Fun fact, other markets were plummeting due to trade wars then the self made war got self resolved after threatening mexico with tariffs unnecessarily, then saying oh we've reached an agreement where there was an agreement already in place. Just giving fake media boosts to markets. although
SPX
and
NDAQ
made nice gains last week when BTC was consolidating. But now look at the boards everything even oil is down except Gold and Bitcoin the digital gold. Cheers.
Comment:
Exactly as I assumed.
Comment:
