Larry7343629

Larry7343629

Chainlink is currently getting rejected at the 50 MA which is about to cross below the 100 MA and is also being squeezed between the two. Expecting a retest of the $5 range within the next couple months if it breaks down bearish in the short term. The US Dollar is looking like it could be making a bounce back to the upside.

Larry7343629

Is the Nasdaq possibly forming a double top pattern? RSI looking bearish and there ready to return to 30 in the daily chart.

Larry7343629

Is this it for the Nasdaq bull cycle? The fed has inflated a huge tech bubble and this looks to be the peak. Just take a look back to 2000. It could continue on but not without a retracement to the 200 week moving average at least. There has been way too much bullish sentiment in this market and it's time to zoom out and take a look at the bigger picture.

Larry7343629

Possible bitcoin movement for next 5 months.

Larry7343629 Updated 

Based off of the Fibonacci and RSI levels, looks like in the short to medium term we've topped out and are headed down. RSI broke below, retested and was rejected by lower trend-line indicating a deeper move to the downside. The question is now: will we see a move to the .382 ext. @ 3830 this week or will we get a move through the .382 to the .5 @ 2706. Feel free...