While I love Tone Vays, I do not always agree with his predictions. Tone uses the Tom DeMark indicator and has modified it.
Today’s Daily Chart has us at a Red 8 so far. Using the traditional indicator states that after a Red 9, you should look for a reversal in direction. However, lately in bitcoin, the reversal has begun when a Red 8 has appeared. We seem to be...
On May 14th-16th, the annual Bitcoin Consensus meets. Prices normally rise from this time to end of year.
We have strong support on the daily chart, bouncing off the cloud. Stochastic is clearly oversold.
The TD coundown is at a red 4, with a turn up coming at red 8 or 9
Gann Matrix is calling for a turn on Tuesday (give or take 24 hours) which lines up...
This chart is a culmination of my last few. We have broken the triangle earlier than expected, and pushed higher, faster. There is resistance at the top of the range indicated by the horizontal blue line. This is the first hurdle and we made an attempt, and fell back. We usually make several charges to this top and either penetrate or fail, so it’s crucial we pass...
All it's got to take is some warmth to make it
Blow away, blow away, blow away
George Harrison 1978-79
Yup, just a little more warmth to make it.
The best thing about this chart is the 50 MA is FINALLY beginning to turn up. It’s not a clear trend yet, but it is a beginning.
If we close above this triangle, we should have a sizeable breakout that will take us...
OK, I’m noticing a lot of things right now.
1) We hit the support range I predicted 8400-8600;
2) We are in a tight trading range since last close and this could create a doji at today’s close;
3) Parabolic SAR is still positive;
4) TD Green 1 created on today’s candle;
5) Stochastic is edging towards an oversold vector;
6) MACD Histogram is still...
Yesterday I posted a chart saying we were at a Triple Resistance right around 9600. I expected a bit slower of a rise into Saturday when the Gann Matrix Indicator I am developing said we would start to see a possible one day pullback. While the indicator has been very good at picking times down to the day and even hour, it is not perfected and can mean a general...
But You Can Keep ‘Em For The Birds And Bees
Now give me money (that's what I want)
That's what I want (that's what I want)
That's what I want (that's what I want) yeah
That's what I want!!
OK Kids, another analysis for you. BTC has been on a tear since I predicted this in previous charts.
But, Surprise, Surprise, we are going into a triple...
Not a lot to say here. My previous charts have been proving that another Gann move to the upside has just about started with a pause coming on Saturday the 27th. I just thought it would be interesting to create a chart so we could push the little arrow button thingy and watch the rise as it unfolds.
No other TA as that is in previous charts. This one is just to...
Saturday will be a down day for Bitcoin, or sideways, before moving up again starting Sunday.
I am only saying this for the record as I have been keeping track of Gann Planetaries for timing and Saturday the 21st and the next Saturday, the 27th, have no alignments whatsoever, the only two days with absolutely nothing this month.
This Gann thing is an experiment...
9, 12, and 15 MA’s are in their proper position, 9 on top, 15 on bottom, 12 in the middle signaling more upside.
Bollinger Bands and 50 MA are linked together at 8440 or thereabouts forming double resistance, which “will” be temporary but still a warning sign.
Looking to form new green TD count starting at 1 within the next day or so if trend continues up, but...
As noted in prior charts, we were due for a turn up. MACD is turning. So is stochastic. TD indicator is now at a solid Green 1 and should close today intact. We are breaking through the lowest fib resistance as this chart indicates.
1 hour chart (not shown) shows an RSI divergence for more upside.
AND, we just passed a major Gann indicator of quite a few...
I Got A Feelin’ I’m Not The Only One
It’s this simple. 50 Day Moving Average is aching to angle up.
TD Count (The numbers below and above the candles) are at a Red 5, so in about 4 days or less they turn green and start to climb.
Stochastic oversold. MACD about to momentum up.
We hit our low in February.
People are itching for some fun. We either...
I've paid my dues
Time after time
I've done my sentence
But committed no crime
And bad mistakes
I've made a few
I've had my share of sand kicked in my face
But I've come through.
Well, this will be a short one. I never said I was perfect at this, just pretty damn good at it. Still I continue to HODL.
What we have here is a double bottom with a...
Gann Analysis is probably one of the most accurate forcasting tools out there. I am placing this tool on a seasonal date of right around the Vernal Equinox which Gann stated was one of the most significant dates of any trading year. Equinox is just two days away. See previous chart just posted today called “Good Day Sunshine” for additional indicators of MACD,...
I need to laugh
And when the sun is out
I've got something I can laugh about
I feel good
In a special way
I'm in love and it's a sunny day
Good day sunshine
OK, well it’s snowing here in Colorado, but Bitcoin has some very, VERY good indicators this morning.
Tom DeMark count is at a Green 2 and finally moved past that darn 9 red and...
Pink Floyd Dark Side Of The Moon. 1973
WE ARE REVERSING TO THE UPSIDE!!!!!!!
As stated in past charts, we finished the 9 count down and are waiting for the 1 to the upside to start. But in the meantime, we now have the MACD turning up which confirmed the stochastic which had already turned.
We clearly need to see a close above 9400 in the next few days for the...
Big Brother US Government Speaks Today and Kills Bitcoin??? NOPE!
David Bowie wrote an amazing song called Big Brother which I will place a link to in this commmetary. In it he cynically sings about how in the book 1984 by Orwell the people actually WANTED Big Brother to save them. The album which the song is on is called Diamond Dogs and is one of my favorites....
You’re gonna fly high
You're never gonna die
You're gonna make it if you try
They're gonna love you!
Pink Floyd - Have A Cigar 1975
Bitcoin hit its bottom in the 8000’s in February and is trying to find its path forward. Admittedly, it has been a rough path for 2018 so far, IF you look at the short term. Long Term we are in a sweet spot. You aren’t going to see...