DealingNinja

DealingNinja Updated 

Bitcoin is still a definite buy, but for how much longer?

DealingNinja

Green line is my (in profit) stop loss - if it closes at that point I'm already nicely in profit.

DealingNinja

Just my lines on the graph. My current position is short the nasdaq

DealingNinja

We have a short term asending trend and a long term downtrend in the NASDAQ. These two trends (indicated by the green lines) are set to cross over in the coming days - with this week's earnings reports, news from the Fed, and GDP figures, we're very likely to see a crunch point in the next few days. I'm bearish, shorting the QQQ.

DealingNinja

We're in a clear downtrend, and I think we're at the top of the channel now.

DealingNinja

My guess at the absolute floor sits at around $12.5k BTC

DealingNinja

I feel in the current macro environment, we're more likely to break to the down side, and see a return to the 200 week moving average.

DealingNinja

We are in the buy zone, no question about it. Whenever we enter the lowest band on the rainbow, there's only one way we're going from here.

DealingNinja

Red line represents my estimated ceiling for the dollar index - I'm not predicting that it will reach this point, just that it will not exceed it.

DealingNinja

My guess is that bad things will happen if we break this support line.

DealingNinja

Everyone is watching this ascending support line very closely. If we see it break that lower support, we could return to the previous longer term support level indicated by the red line.

DealingNinja

Noticed a pattern on the chart - the last two big runs up have been preceded by three short runs in the prior months

DealingNinja

I've just flagged every time the RSI crosses the oversold threshold - historically this has been a bullish indicator.

DealingNinja

Following the fibonacci fan, I find a conservative price prediction of £300k by Jan 1st 2023