cmercier

cmercier

Once we break $14k, we're pumping straight to $20k. TO THE MOON!!!!!!!!!

cmercier

Next target: $11,700. BULLISH!

cmercier

There are many warning signs on the $SPY chart for March, and possibly beyond. We've just his the critical 280 level once again. $SPY has already failed to breach this key resistance level 3 times. $280 is fibonacci 236, which adds weight to this already strong resistance level. The RSI is overbought. We've been going up for 2 months straight. Time for a...

cmercier

DJ:DJI We'll soon break under the 200 EMA and break previous support. From there, I believe we're going down for a very long time.

cmercier

It finally looks like $BTC will break out of the bear trend. Crossing fingers. Moon incoming.

cmercier Updated 

The crypto market is taking a severe beating these days. Ouch! While we had hoped for a good bounce for BITFINEX:BTCUSD at $8800, the bulls didn't show up strong enough. We had some resistance and a a short rally to around $9500, but the buy volume was just not sufficient to sustain the upward trend. The next support level for BITFINEX:BTCUSD is at $6000 and...

cmercier

I believe the bottom of the correction will be at $8800 for a few reasons. If we look at the natural price progression of BTC , had it naturally progressed instead of going completely parabolic at the end of last year, the price would be at exactly $8800, which also happens to be the 200 EMA and a very strong support. Moreover, we are just about to be...

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Ascending triangle. Breakout imminent.