RSI had a technical double bottom and price action set a higher low
MACD moving upward upward
Triangle due to break out
RSI very likely to swing to oversold based on history
Fundamental Analysis
Yield curve inversion
Greenspan says NO BARRIER to treasury yields going negative
SPX only up 5.3% in two years
SPX in a broadening channel, see linked post
Foreign indexes set lower highs already
Trade war
Brexit
Hong Kong
US Farmers at highest rate of default in 20 years
Baltic Dry index setting highs after over 5 years
you can put silver in a sock and beat some to death with it, but can't do that with bitcoin
Imma go big back into crypto when I see the inverse of this chart. But right now precious metals are back on the menu.
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If you follow me but not my silver/bitcoin post I highly recommend you follow this post, just so you can hit the play button with me once a week or month.
@coinlife, Hitting that play button in the top chart is real interesting. This is about to break and I think it may be because both silver and bitcoin take a dip when the everything bubble pops, and bitcoin will do down twice as much. As far as TA, this is hard to chart, but I think the ratio will go to the flat on the standard ichi cloud, consolidate and then decide which way to go (around 12.60)
This_Guhy
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@coinlife, Even more ideal we will see the price action turn resistance into support then blast off.