649bruno
Short

BTCUSD Update: Trendless Since Labor Day

BITSTAMP:BTCUSD   Bitcoin / Dollar
216 6 7
This is an update from a week ago. Not much has changed. No trend.
Negatives:
1. Last valid sell Sell Fractal was Sept 13th.
2. Your compass for direction, the alligator, is sleeping.
3. CHOP is ABOVE the shaded area. This predicts NO trend.
4. CHOP ZONE is green, white, green, indicating no trend.
5. Prices are trading at the Ichimoku Cloud .
6. Prices are at the red Ichimoku Cloud conversion line.
7. Prices are at the Ichimoku Cloud baseline.
8. The 5/34 MACD (top) has a bearish cross. Histogram within is falling.
9. The phase energy (top lower) is red-green-red. Trend-less.
10. The forward price projection (top middle) is neutral to slightly bearish .
11. Ichimoku Cloud has red border.
Positives:
1. NONE TO REPORT.
Support is last swing low at $592.10.
Want odds? 75% odds down (because of the sell Fractal), 25% odds up or sideways. There is no trend that I can detect.

Good luck to you in all your trades. Don.
Vaggitarian
3 months ago
Watching the paint peel.
Reply
649bruno Vaggitarian
3 months ago
This would be the only "appeal" of the chart. (My son would call this a bad dad joke). Thanks! Don.
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Well, I wanted to post right away but figured give u some time to play out - disagree though, bullish for a while
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Kantardziski PRO Kantardziski
3 months ago
Im wondering if your fractals have given you some tunnel vision, it literally had just brokeout of a little triangle, and possibly a larger range as well
Reply
Kantardziski PRO Kantardziski
3 months ago
Not sure what kinda timeframe u looking at so who knows! :]
Reply
janne0536
3 months ago
almost a picasso ;)
Reply
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