McCown

McCown

I was a bear watching the top of the "megaphone" trend line until SPY broke above that trend line. If you zoom out, the longer term channel reveals itself. I'm still a sleeping bear, but the bulls are charging on and have room to run. Bears beware, don't fight the Fed, until the top of this channel.

McCown

All technical patterns point to a Bitcoin breakout going on a mega run. The breakout above the bullish pennant pattern seen in purple. The Cup and Handle pattern seen in sky blue. The upside down head and shoulders pattern seen with hand drawing. The Bollinger band squeeze and breakout looks very nice.

McCown Updated 

Charif Souki says there is going to be a shortage of Liquified Natural Gas in the next month. The chart agrees with him. This chart bounced off the 50 day moving average and the support line of it's bullish trading channel.

McCown

I have no idea why Gold Miners are being destroyed right now. They should not be highly impacted by Corona Virus. Oil prices are low( low costs for extraction ). Gold prices are high( high profits and dividends ) and on an upward trajectory with central banks printing money. I fully expect gold miners to pop violently once the dust settles in this broad market...

McCown

It's either going to hold support here and begin a major run or it will break below wedge and fall precipitously. BTC is oversold, and central banks are printing money hand over fist which should drive up the value of BTC. I'm expecting a major breakout for BTC here.

McCown Updated 

Bounced strongly off of prior resistance wedge.