MarketAnalyzer98

MarketAnalyzer98

Hard rejection from resistance area of downtrend channel, and overbought RSI using period length of 2, and a spinning top candlestick indicating trend indecision. Mid term target is 2.6-3.3k in 1-2 weeks. Market is still not yet totally capitulated and we can definitely bleed more.Institutions want to accumulate bitcoin at 1-3k before a hyper bull run begins

MarketAnalyzer98

We made a hard rejection from the strong resistance line from november 13th where we had our first capitulation wave when we broke 5.8k support and hit 3.4k in less then 2 weeks. This strong bearish move demonstrates lack of investor confidence and also leads me to believe that more bearish downside is possible.Also using a period of RSI length 2, we were...

MarketAnalyzer98 Updated 

We had a massive rising wedge breakdown, and are now looking to form another bearish rising wedge that will very likely breakdown again. Perma Bulls are still in denial and called a " bull market" at precisely the top and we dumped hard. Until a bitcoin -0.87% ETF is approved by the SEC or the Bakkt crypto exchange is operational, we will NOT be in ANY Bull market...

MarketAnalyzer98

Looking at the Tom Demark sequential, we can see a perfect buy setup. Also I am using a modified script developed for RSI and Stochastics which I have found to be much more effective, and we can see that daily Stochastics is curving up , along with the RSI being very oversold. The SEC Fud today took the market by storm, causing the intense sell-off, but keep in...