Gann Matrix Alignment Shows Upward Trend Resumes By Monday
OK, I’m noticing a lot of things right now.
1) We hit the support range I predicted 8400-8600;
2) We are in a tight trading range since last close and this could create a doji at today’s close;
3) Parabolic SAR is still positive;
4) TD Green 1 created on today’s candle;
5) Stochastic is edging towards an oversold vector;
6) MACD Histogram is still positive;
7) We’ve move away from the top band of the Bollinger Channel.
Conclusion: We are still on target for the Gann timing turn around point (Sat) and will start to head upwards by Monday.
In addition, I am coming to the conclusion that we are following the stock market, particularly the Nasdaq. While most people are calling for a fall of the market, I see it currently in a minor setback and higher by year end, meaning BTC is higher as well.
As for Bitcoin, we will see a return to 9700 (resistance) and eventually 12k (also resistance). This may set us up for another wave down at 12k before going higher. 14k brings FOMO, taking to a new All Time High. Look for this to be the bottom at this range of 8400-8600 and then to 9700 first, then we reevaluate the next directional move.
Twitter: @CaptainScio
(Not Investment Advice)
1) We hit the support range I predicted 8400-8600;
2) We are in a tight trading range since last close and this could create a doji at today’s close;
3) Parabolic SAR is still positive;
4) TD Green 1 created on today’s candle;
5) Stochastic is edging towards an oversold vector;
6) MACD Histogram is still positive;
7) We’ve move away from the top band of the Bollinger Channel.
Conclusion: We are still on target for the Gann timing turn around point (Sat) and will start to head upwards by Monday.
In addition, I am coming to the conclusion that we are following the stock market, particularly the Nasdaq. While most people are calling for a fall of the market, I see it currently in a minor setback and higher by year end, meaning BTC is higher as well.
As for Bitcoin, we will see a return to 9700 (resistance) and eventually 12k (also resistance). This may set us up for another wave down at 12k before going higher. 14k brings FOMO, taking to a new All Time High. Look for this to be the bottom at this range of 8400-8600 and then to 9700 first, then we reevaluate the next directional move.
Twitter: @CaptainScio
(Not Investment Advice)