This is literally the same chart I posted last week. Price is following the Gaussian Channel midline.
Gaussian Channel has held for 2 weeks, so I consider the TREND INTACT.
Fractal is not exact.
Orange arrow line is 200SMA predication line. Watch for price to cross above this line.
Yesterday, the spike in price was stopped by the 4HR - 50SMA before crossing the other MA's.
For this reason we are very close, and making the turn in the channel, I feel by New Years will be climbing higher toward halving.
New Years will also be closer to recession, which I feel is immenant. The 2YR/10YR yield inversion has 100% SUCCESS RECORD IN PREDICTING THE LAST 7 RECESSIONS, where recession happens within 12 months.
"The ‘mother of all bubbles’ could blow up the economy if profits don’t improve"
www.marketwatch...gist-2019-11-04?siteid=yho...
Gaussian Channel has held for 2 weeks, so I consider the TREND INTACT.
Fractal is not exact.
Orange arrow line is 200SMA predication line. Watch for price to cross above this line.
Yesterday, the spike in price was stopped by the 4HR - 50SMA before crossing the other MA's.
For this reason we are very close, and making the turn in the channel, I feel by New Years will be climbing higher toward halving.
New Years will also be closer to recession, which I feel is immenant. The 2YR/10YR yield inversion has 100% SUCCESS RECORD IN PREDICTING THE LAST 7 RECESSIONS, where recession happens within 12 months.
"The ‘mother of all bubbles’ could blow up the economy if profits don’t improve"
www.marketwatch...gist-2019-11-04?siteid=yho...