Frankly I'm not a believer in TA for BTC right now. I do believe the tale of the Bull Whale, who was so sully that he missed the buy in last year, so accumulated big time during the previous months of this year stability, around $6K. I believe the Bull Whale dumped, to buy back in later at a better price.
So, with that said, here are some TA points. I'm going to ...
Gold forming Ascending Triangle formation.
green square shows where pattern and bounce off .5 Fib might be mutually supportive.
I'm already long, but that is a point I'd consider buying if I had more fiat to allocate.
I brushed up this chart for a good Nevada-based commodities trader and procurer this am. Good as in good guy - hard tacks old skol.
then had a Warsteiner and decided to share it tonite.
all metrics on the chart
The whole, and really only point of this post is about footprints. Tracks. -- what I call Money Makers Marks (M3?) Price action on a timeline (can be daily or 4 hours - only ones I monitor).
Money Maker Marks - set the pattern (see dialogue box on chart), especially as we get into close action. Here - it looks like we have a Bullish symmetrical triangle. ...looks ...
Some notes on S&P in mid term (defined here as appx one year), which has been the darling recently in the huge markup since the US Presidential election.
Very classic Head and Shoulders pattern could emerge.
I'm also placing a Dead Cat Bounce just above where the US Election two years ago started a jet fuel buyback regime.
The white lines, running thru the ...
Please see the comments on the chart:
In sum, I'm watching these indicators:
385 MA (greater than 2% above, breaking a multi year precedent)
Bullish movement this week
Calendar year performance (not negative?)
OBVOSC Higher Low
RSI Bullish Divergence
****Not covered here -- tariffs: 1st and 2nd order effects
I really like this company. I go in their stores all the time.
But, at least in short to mid term - seems like a H&S pattern forming (?)
see also on chart:
RSI, supportive of above
In the whole macro, mature 7th to 9th inning equity market....I'm bearish for sure.
Long term, I'm bullish on TSCO. They sell stuff people need.
I really like to cross reference my primary charts with the BTC/WON pair.
Note the multimonth resistence line being -- probed?...
Yes, I colored this chart with South Korean flag/ Korean Air colors....love Korean Air menu! :)
As we arrive at the junction, just sharing some observations and opinions. Some mid term comments to myself are also captioned on the chart.
Overall, I'm very Bullish - that's my opinion, my feeling. Long.
I'm wary of a whale pod deep dive. I don't plan on selling. I'm going down with this ship (if need be, hope not to)
10/20 cross and bounce ...
Publishing helps me focus on my own analysis and notes, and provides my own layer of critical thinking and second review.
Line Color Legend:
Aqua Blue is a support line that has been very respected recently. There are actually two aqua lines that converge, each line based on macro trends. Bear push downs, which have been fast and also quite expected and ...
On the 4 hour, I currently see a Symmetrical Triangle - a Bullish sign. (white lines).
I'm a cup and handle fan, and...FYI... there's a little bit of inverted cup and handle action forming ( Bearish ).
In sum, I've not seen more camouflaged action then ever before, including when futures were introduced. This is a bitter fight indeed.