I expect to see 1800 very soon and we are reaching the .618 retrace from August 2011 highs. The chart speaks for it's self. We seem to be forming a very large sell wall right now so downward movements are normal and we should be bouncing back and forth from1457 to 1582ish as lows get higher. Traders need to zoom out and look at the weekly to see the whole story.
RSI remains bearish and we are still in the downward channel. We should bottom around $6600.00. If this keeps up and we find a bottom December should mark the start of the next bull run.
We have come to a point where Monday trading will determine the future after a dead weekend. We are coming upon the 1.618 fib circle and could start the climb up the ring or drop down further. We are showing 3 consecutive higher lows so hopefully we get one more bounce up. No matter what we do we are still below the 200 SMA and currently have the purple 200 SMA...
This is just a thought on the 2017 highs and how we can learn from it. It's very easy to get gains in a bull market by simply Hodl-ing but keeping those gains is another story. I have been studying closely what signs were available in 2017 and it's much harder to get out than people would care to admit. No one wants to leave money on the poker table. This is just...
Looks as if we could have another drop incoming then a bounce up and breakout of this wedge pattern. Everything is dependent on this pattern formation and this looks like the June breakout all over again.
We are bouncing between this downward channel from 7660 to 10259. Seems we may have a double bottom and hopefully it time to head north to resistance around 10250. www.tradingview.com
To hell with patterns from what I see all we did was test the bottom of this channel. Let's see how this plays out but from the looks of it we bounced. Since everyone is in panic mode maybe we'll see a double bottom.
For some reason we just can't break out above the 377 SMA. It's denial after denial but selloff's are being bought up causing us to be pinned between 10k and 10.4k. Time will tell all because we are coiled up tight.
On January 22nd 2018 the bull market peaked and we can expect that highs were put in. We have been sideways since as retail isn't sure what's going on yet. We are in a bear market we just don't know it yet.
This chart demonstrates that when the 9 SMA (red) crosses the 21 EMA (yellow) and red is on top we are bullish and it presents a buy. When the 21 EMA crosses the 9 SMA and yellow is on top it presents a sell opportunity. This works as long as we are in a bull market and can get some decent return. I will note that it flashed a buy this morning. This could be a...
Welcome to the horror show. This is the weekly and could be the failure of the EU banking system playing out. :(
On the Gold monthly if your long play the crosses of the 9 SMA and the 50 EMA. They seem to call the Bull and bear markets and from the looks of it we are about to go on another rip.
If you follow these two moving averages it shows you the bull and bear markets. When the 50 EMA crosses the 9 SMA and whites on top we are in a confirmed bear market. When the 9 SMA crosses the 50 EMA and reds on top we are in a confirmed bull market. From the looks of it we are in a bull market so long bitcoin short the banks.
Looks like we will keep selling off and then hit the capitulation ring and enter free fall. The real question is whether or not we will rally in the immediate future. This fib circle caught the Nov 2018 capitulation perfectly will we enter free fall a second time?
Bitcoin is currently moving up a fib circle inching closer to the larger red capitulation ring. The capitulation ring is the same fib circle taken fro 2017 high to 2018 low and is the same ring we capitulated from in November of last year. I couldn't see us going through 11.3 k on this run up before hitting the ring and ending the B-Rally with a capitulation. If...
Looks like we could see a breakout in about 15 to 20 days. The ones coming out on top will buy as close to 10k as possible and ride it up. My best estimation is breakout from 7/17 to 7/20. Time will tell!
Looks like we landed on a fib circle for support. We are headed back up to the bull pennant sell wall and should hit it around 12700 to 12900 depending on how long it takes to hit the top again.
I think the golden cross of the 200 SMA and 377 SMA will save us in the short but when we hit the red capitulation ring we will correct if not make new lows. This is the same fib circle line that bitcoin followed in the November capitulation.