DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
BANK OF AMERICA CORPORATION COMMON STOCK, SPDR S&P 500, SPDR SELECT SECTOR FUND - FINANCIAL, AURIS MEDICAL HOLDING AG - COMMON SHARES, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, INVESCO QQQ TRUST, SERIES 1
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Developing a theory...
Update. 6h chart. Looks like the complex correction may be complete. Assuming we can get back above the red line, and eventually break the channel i'm looking for (at a minimum) a 50-61.8 retracement of this whole move down, and possibly even a move to new ATHs. But one step at a time.
Capitulation by year end? 3d chart.
Downtrend appears to be losing steam. A break above the orange horizontal resistance line should solidify a decent move up.
Could we be at the "bitfinex hack" part of the cycle? Food for thought.
...no bears were hurt in the making of this chart.
and potential for a wider market reversal.
4h chart...50 MA has crossed the 100 MA which has in the past been a very strong buy signal. Note the sell volume on the head is less than on the left shoulder. Than it's even less on the right shoulder (assuming the lows hold). Confirmation on a break of the neckline as always (with some volume ).
While ADA looks the least bad out of the smart contract coins...they all look pretty doomed IMO. Nonetheless, if bitcoin shows strength here over the next week or two it looks like a good bounce play here in the short term. Good luck.
Updating this chart from December, cleaned it up a bit and added the pitchfork.
3d chart...price at critical support, if it holds (I think it will) then I'm still looking for a huge move up for wave 5. If we start to close candles above 0.02 that will be the first confirmation...0.026xx will be the second. Beyond that and it means we are going much much higher ...
C will usually end slightly above or slightly below A.
Looks like we could move up to test 8k, possibly even go higher to 8800 or so. But then we could get a big move down for wave C. Gluck : )
Looks like it could test the highs or even go higher for wave 5. And yes 1 and 4 can overlap a tad in illiquid markets.
As long as the price does not start closing candles below the "bitconnect" level then it seems like we are in a wave 4 that is nearing completion if not already complete.
If you have been following my other bigger picture chart "the lite at the end of the tunnel" u know this is my stance, just figured I would publish. Seem like we are in for a decent correction if this breaks down. By my count this is wave 2 of wave 3...and just looking at the move up time wise could see this turning into a W-X-Y. Also, there is head and shoulders ...
Perhaps balance must be restored in the universe before the masses can embrace the greatest financial opportunity every presented to them. We'll see, you definitely don't want to see bitcoin below 8k again...