rehash of previous chart...
Hope we all see the repetitive pattern scaling at the golden ratio.
Will be hard to break the 6,7XX support.
Just wanted to point out the MACD . I seen a few hot calls saying a time to sell as the MACD breaks the signal down. DO NOT LET THIS FOOL YOU. History repeats itself. Look at the volume at the first 5th wave. Now look at the second 5th: there’s two schools of thought happening here as the volume rises but the price stabilises; the bears are getting greedy! My advice is go long and don’t risk breaking support.
Still looking like a solid down channel from December, but it is not. I see this as a down channel marching along an up trend. As pressure builds in this almighty wedge we’re going to pop out on top and start a new cycle about mid to April.
Fingers crossed X though, a wise man once warned "if you go looking for something, you’ll find it.”
Peace and Love,
happy swinging.
Hope we all see the repetitive pattern scaling at the golden ratio.
Will be hard to break the 6,7XX support.
Just wanted to point out the MACD . I seen a few hot calls saying a time to sell as the MACD breaks the signal down. DO NOT LET THIS FOOL YOU. History repeats itself. Look at the volume at the first 5th wave. Now look at the second 5th: there’s two schools of thought happening here as the volume rises but the price stabilises; the bears are getting greedy! My advice is go long and don’t risk breaking support.
Still looking like a solid down channel from December, but it is not. I see this as a down channel marching along an up trend. As pressure builds in this almighty wedge we’re going to pop out on top and start a new cycle about mid to April.
Fingers crossed X though, a wise man once warned "if you go looking for something, you’ll find it.”
Peace and Love,
happy swinging.
Comment:
Well just wanted to highlight we broke 6,7 to 6,657
Might break it again but its risky business.
Checking out the RSI and MFI I think there's some big money here trying to break the trend.
Definitely the next few hours are to keep a close look on for long term predictions.