Hello everyone. I know I have been out for two weeks, but here is an update for everyone.
Indicators are still showing signs of weakness. we have more bearish signs than bullish, but i cover both to show the overall picture.
Charts are neutral, but there are short term bull signals, but we still see large bearish signals.
Let's see what the charts have to say about today mini rally and why so many bulls are exited..... again.... sigh...
Three Major events are taking place this week. The Charts are signaling that tomorrow is a dangerous day.... Watch and see what the charts are saying today.
New projections are more are now visible in the charts and the kitchen knives are now projecting a new date of interest.
CONGRATS to those who follow my work were warned about today and hopefully prepared.
CAUTION AHEAD FOR ALL TRADERS.... Volatility seems that it will come out of nowhere....
To me, things continue to look boring and bearish, but tomorrow might have an effect because of the CPI and inflation results.
I wonder if the bulls are going to get a miracle rally here because the charts are showing more bearish signs than not...
New month, new projections... enjoy BTC seems bearish, but the bulls have two things in their favor.
Tomorrow is the big day that Jerome Powell will move the markets, gold, silver, and of course, crypto. Enjoy the projections everyone.
Bitcoin is either patiently waiting for Wednesday Jerome Powell or having a nervous breakdown and will take a dump this Wednesday. HOWEVER... so many people are bullish and I try to find out how and where the bullish signs are in the chart, but I see more bearish signs instead.
The MACD 3Day has finally crossed down... Now we wait and see if the price will follow suit and resume going down or if Gary Gensler might make a surprise announcement pushing BTC higher... but i doubt it.
the 3 Day MACd siganls is about to cross down and indicators on the 3 day also point down... but there is a dragonfly doji forming as well... so we have bears vs bulls here... From what I can tell tomorrow might be a small upside push before we begin to see downside into the weekend.
The weekly closed with a Gravestone Doji....Let's see what the charts, cycles, and indicators are now saying.
Back at it again... we basically went back to where we started.. EXCEPT... now we have a very BEARISH signal in the charts... not confirmed though... but the fact that it's there is now worrisome..
What a boring state of affairs... no news = no movement.... sigh