Johndoughca

Johndoughca

Just a little FUD or Day-Dreaming depending on your position... Clear double top on the monthly BTC/USD chart, clear signs of overall weakening of long term momentum, also historical trend line dating back to 2011 is Not HODL'ing . I hear the crowd/ herd is well aware of the 200 week SMA historical support. I wonder is that how it's going to go down, we all buy...

Johndoughca

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Johndoughca

I like to use correlation for clues for overall market sentiment, and to help gauge these particular Alt's. I use BTC as a marker of sorts and I've noticed for the most part these Alt's have been following BTC well, and at much faster percentage rate up and down!!.. For example I've noticed ADA moves upward much faster percentage wise then BTC, but then runs out...

Johndoughca

What I'm seeing is the 5 period RSI (yellow) is getting into over bought conditions, plus it's showing divergence, plus it moved to far above the 14 period RSI (blue) , plus Neo has now pulled back to it's breach point after making an inverse oblong V formation... I'm holding off on Neo for now even though it's on sale at a deep discount from previous prices,...

Johndoughca

This is the one week view of Neo, I'm doing a chart on the one day view now to show my outlook more precisely... Hopefully for all the Neo fan's it doesn't play out like this and it goes straight to the top for the 4th of July!!... we may have to take a rain check on that... how about Christmas?

Johndoughca

I'm not sure exactly how this is going to play out...so I'm being cautious and carefully watching momentum, V formations, S&R's, and divergence... I don't want to get caught in any bull trap!... News just came out stating "Btc/Usd in clear uptrend" thats a caution sign for me. Maybe I'm being overly cautious but this upward move seems a bit suspicious to me?

Johndoughca Updated 

What do you people think? Are we now reversing trend, or is this a pullback on the current trend?... I'm sweating this one! lol

Johndoughca

In my opinion these are the targets and depending on market sentiment / buying pressure... we shall reach, surpass, or bounce off the targets one breach at a time.

Johndoughca

Btc/Usd 1st floor 2018

Johndoughca

Btc/Usd 1st floor 2018...