We are comparing price action in the charts of GOLD and SPY, just before the 08 global financial crisis. I see many similarities. I think the chart speaks for itself, if you have any questions let me know.
Will 'deflation' play a part in the next bear-cycle?
Are equities a bubble as Dr. Burry states?
What sector will get hit the hardest?
What sectors can we...
Historically, price between these green lower level consolidation is a low risk buy for long term hodlers. But as you can clearly see, bitcoin is heading for lower and lower volatility until one day the trend breaks.
If you scroll right you can see the bull band and bear band come to a point.... what will happen then God only knows. If lower band breaks and we...
As politicians use fragile child lives as a trojan horse for their orwellian gun laws- the answer to the problem still remains clear- metal detectors. How many more children will get fish in a barreled'd until some safety measures are put into place. Not LA, not Chicago, they already have proper safety measures- this needs to be a nationwide child safety movement...
If we look back at past PA, we can see how MMs break trend to increase shorting to spike in their face.. low volume this weekend could be a nice fakeout setup for monday. targets around 43
see my indicator pvsra volume suite for more definition
We either reverse the bear cycle and get into local highs or melt back into the 30s and possibly discover new relative lows. Next couple weeks will be huge for btc.. Im betting BULL.
The bullish targets on this chart are conservative, and for scalpers.
Just pattern watching and note taking. PVSRA volume is open source in my scripts.
Price actions looks to be flagging out a bit; mostly watching volume (market makers) and its patterns.
Trying to incorporate wyckoff into these charts soon, still learning.
They can do many things; but they cant hide. Ive been trying to find the best ways to see through their eyes and ride their waves. This is the best i can come up with so far. Still working intently on this. let me know what you guys think.
Money pouring out of facebook, into possibly... dwac
Daily cup & handle on dwac measures move to 1.618 fibonacci extension
Ijust wish the $spy was a bit stronger and not staring in the face of a retracement lower but nonetheless...
:inverted_rocket: looking at btc follow her every move, targets are below 35 stopping at 32
watch top of box as major resistance. invalidation above
DECREASING volume in down trend
as seen before
low volume, we float up to find more sellers
just a quick analysis nothing too deep
Market makers love thursday, its not really anything to boast about though
BTC been loving the 1.618 recently, as seen
One more wipe of shorts tomorrow morning? $spy bullish close but downtrend structure yet to be broken, perfect excuse to pump and get the liquidity they need.
If we lose that level we will have a slow burn in my opinion as we ride the bollinger band down to 7500-11k. -Bounces at 20
On a bullish note, this has been great support for btc in the past as you can see.
LOWER BOLLINGER BAND