I decided to try out some GANN analysis and from what I see we are still in bear territory on the Monthly and Weekly charts, so don't go all moon crazy yet. We are griding this one out and as I said on my other charts I want sideways and up as long as we do not drop below 100 which is still very possible I think until May. May we reassess.
The two trend lines have to hold or I think we will test the lows that some of the more popular TA's have been predicting. We will not be mooning until we break through 2/1 with volume. I have noted that people keep saying new money has to be pumped in.... The new money has been in for months; at least since October 2017. Just more of them are coming out publicly, because of the regulations (just speaking for us Americans) and the government finally taking an interest.
I will be posting a couple more Gann charts on different time frames today for my future self.
Not advice, Just my opinion
The two trend lines have to hold or I think we will test the lows that some of the more popular TA's have been predicting. We will not be mooning until we break through 2/1 with volume. I have noted that people keep saying new money has to be pumped in.... The new money has been in for months; at least since October 2017. Just more of them are coming out publicly, because of the regulations (just speaking for us Americans) and the government finally taking an interest.
I will be posting a couple more Gann charts on different time frames today for my future self.
Not advice, Just my opinion
