MrConnard

MrConnard

Bonjour everyone, As you can see on the chart, Bitcoin made a decent bounce and is testing the top of what looks like a bear flag right now. A break below the bottom of the flag, around 8.3/4k would be a very bad sign and could lead us to further downside. Think about it, it takes a few minutes to draw these lines and everyone and their mother put a stop loss...

MrConnard

Bonjour everyone! A quick analysis on NEO which made a really nice 100% rally in the last two weeks. I believe this rally was carried with the excellent news NEO had in April, coupled with the insane Bitcoin rally. As you can see on the chart, it's coming close to the long term log downtrend line. This is in my opinion the worst spot to enter a position until...

MrConnard

Bonjour everyone! So far Bitcoin has been a monster, but as I mentioned in my previous chart, we still haven't broken the downtrend conservative trend line (in red). We have been following a channel (in yellow) for two weeks now, and I wouldn't be worried until we break below it with force at around 9100. If it goes below with conviction, I expect some panic...

MrConnard

Hello everyone! I've been looking at that market for a while, and figured it would be a nice time to share my point of view on the current Bitcoin market sentiment. I'll start by saying I have a conservative approach on drawing the Bitcoin downtrend line on log scale, so I am biased thinking we are not already in a healthy bull market but most likely a media...