All I got to do is to love you. All I got to be is, be happy.
All it's got to take is some warmth to make it
Blow away, blow away, blow away
George Harrison 1978-79
Yup, just a little more warmth to make it.
The best thing about this chart is the 50 MA is FINALLY beginning to turn up. It’s not a clear trend yet, but it is a beginning.
If we close above this triangle, we should have a sizeable breakout that will take us to some resistance points, but a close above 9730 (the SAR) should see us break past them. The Parabolic SAR turns positive at 9730 and that usually means we are going higher, sometimes much higher.
Major resistance point is 10,000 (the 200 day moving average is 9994, 10,000 roughly) with the top of the Bollinger Band below it at 9871. As stated, since the SAR turns at 9730, it has a strong chance of pushing us higher and probably past these resistances... the reason being many use the SAR as a stop loss on shorts. Just expect the possibility of some bumpiness near these numbers before the move further up.
MACD is looking to angle up and the histogram is still above zero, thus momentum is in our favor.
Stochastic indicates a bounce is coming.
Gann Matrix Indicator (not shown) has us in a neutral period which ends on the 7th, which is a Monday, with the next break coming Wed, Thurs and resuming Friday. This could indicate a choppy week, so set stops accordingly if you are a trader. If you are a Hodler, you know what to do.
There are other chartists that are reporting that since BTC trades all weekend and the futures markets are closed, that any gap created between Friday’s close and Monday’s open is brought back to the cash price of bitcoin from Friday. It should be noted that this can work both ways affecting Mondays price.......just something to keep a few attention units on, on the back burner. This seems to align with Gann this week, but not all weeks.
I am also going to attach a separate chart below showing an additional indicator based on the imochi cloud which shows we are green for a go higher. I am working on this in conjuction with the Gann Matrix as they seem to line up well giving signals close to each other, fine tuning when a turn is occurring. As you will see, it is a strong positive so far.
An article I’m attaching below is about Bitcoin Millionaires and Billionaires moving to Puerto Rico and getting ready for the next major bull market boom in crypto. They expect the next move to be huge. Puerto Rico has no capital gains tax, ZERO! You know these guys know something if they are all moving there.
www.nytimes.com/2018...ncy-puerto-rico.html
And of course, the George Harrison song from above
youtu.be/ddnRtFd7Hps
Blow away, blow away, blow away
George Harrison 1978-79
Yup, just a little more warmth to make it.
The best thing about this chart is the 50 MA is FINALLY beginning to turn up. It’s not a clear trend yet, but it is a beginning.
If we close above this triangle, we should have a sizeable breakout that will take us to some resistance points, but a close above 9730 (the SAR) should see us break past them. The Parabolic SAR turns positive at 9730 and that usually means we are going higher, sometimes much higher.
Major resistance point is 10,000 (the 200 day moving average is 9994, 10,000 roughly) with the top of the Bollinger Band below it at 9871. As stated, since the SAR turns at 9730, it has a strong chance of pushing us higher and probably past these resistances... the reason being many use the SAR as a stop loss on shorts. Just expect the possibility of some bumpiness near these numbers before the move further up.
MACD is looking to angle up and the histogram is still above zero, thus momentum is in our favor.
Stochastic indicates a bounce is coming.
Gann Matrix Indicator (not shown) has us in a neutral period which ends on the 7th, which is a Monday, with the next break coming Wed, Thurs and resuming Friday. This could indicate a choppy week, so set stops accordingly if you are a trader. If you are a Hodler, you know what to do.
There are other chartists that are reporting that since BTC trades all weekend and the futures markets are closed, that any gap created between Friday’s close and Monday’s open is brought back to the cash price of bitcoin from Friday. It should be noted that this can work both ways affecting Mondays price.......just something to keep a few attention units on, on the back burner. This seems to align with Gann this week, but not all weeks.
I am also going to attach a separate chart below showing an additional indicator based on the imochi cloud which shows we are green for a go higher. I am working on this in conjuction with the Gann Matrix as they seem to line up well giving signals close to each other, fine tuning when a turn is occurring. As you will see, it is a strong positive so far.
An article I’m attaching below is about Bitcoin Millionaires and Billionaires moving to Puerto Rico and getting ready for the next major bull market boom in crypto. They expect the next move to be huge. Puerto Rico has no capital gains tax, ZERO! You know these guys know something if they are all moving there.
www.nytimes.com/2018...ncy-puerto-rico.html
And of course, the George Harrison song from above
youtu.be/ddnRtFd7Hps
Comment:
Comment:
We did tap the top of the Bollinger, so a small retreat was expected. However, we usually make several attempts to penetrate resistance and this ain’t over yet.