Dont trust the rally China took 21 days into major lockdowns for infections to peak. US is only 8 days into major quarantines and we were very behind on the initial measures thanks to the Big man with little hands in charge. Lets see what happens
Crypto looking to break out? breaking the previous two fractals would confirm this. Otherwise, its back down again to bottom of the daily wedge
BTC looking bullish again as it's breaking out of the daily cloud. The CS is looking to break above the cloud and could prove for less resistance to the next previous local high of 9.9k. 10k is also a nice round number people like to sell at. Will FOMO kick in and everyone buys bitcoin? Will I daytrade my entire stack away into nothing? Stay tuned.
I really like ETH but it's not looking good. ETH is looking to fail the weekly cloud here. Next line of major support is back to the levels of last fall. ETH used to oscillate around 280-330 for a while, seems to be pointing back to these levels. ICO's shitcoins spending their massive initial investments of BTC and (mostly) ETH will probably continue until late...
With US Tradewar with China starting next week, GBP/USD should see some increase. Cloud showing support, looking to go to shadow of cloud at least but should see some ride to the KS
Breaking above the cloud for the first time in a long time. Tested the shadow of the cloud yesterday. Breaking above the 200ema as well Lets see if we can get to the second major cloud level
Looks like a no brainer to me. It's current value is higher than when BTC was at an ATH so it may be inversely proportional to BTC's preformance Large Cup and handle forming and it's already in an uptrend. Set your stop-loss and some high sell points incase of spikes similar to previous ones
I could see this returning to the KS / 200ema. Momentum is up on the 2hr and the 4hr. Momentum could turn in our favor in a day or so. If it moves back up to here then it could possibly start a bullish c&h or BO of the 2hr cloud.