What I'm seeing: 1. low volume 2. Horribly constructed, early boundaries of possible triangle or pendant formation(s) - bullish patterns (I have white lines showing a triangle and pendant - both are awfully drawn) 3. Chop My action: Holding (as usual). Not buying anymore. Long term Bullish, currently Neutral, as in no action except monitoring. What I...
The (20/20 hindsight?) Bull run case: Green comment boxes: 1. .618 was never really established (impossible to see in real time and top, but more visible now) but price action floated above what is was to be. (think in Terminator terms - yes, I know, weird, which is why this is also categorized as "beyond technical analysis".) 2. .318 was marked, early on. At...
Last time the 50 MA crossed the 200MA, on the BTC/KRW pair, was Jan2016.
BULL Pendant formed and held overnight (overnight defined as mountain time). Might be time to play with some EW 5 counts....
2 of 2: The macro view: Once again .382 is critical, and note the orange line (what I'm calling a macro trans-sectional TA line...a median trend line). Also note the diabolical price action of past 24 hours lined us up more with the Facebook Libra presser, which I feel was very much timed due to input from dozens of top TA experts - i.e. setting up that point as...
Chart 1 of 2: Discussion of a very insightful (beautifully cruel) juncture in BTC price action.
O1, Option 1 - in play (for now, but much stronger with 4 days holding the line).
We are at the threshold --- Option1 (O1) reaffirm the bull channel (white line up). Option2 (O2) breakdown, begin movement in cone of death (for awhile), maybe even to November?
Tuesday is ending (mountain time zone). Channel intact. Notice we are still in line with the same scene when Zuck made his announcement....I'm discounting ALL market movement from the past 5 weeks. Bullish! (always) - will be making more decisions ~Aug4th
Status as I currently analyze it - focused at this exact BTC/USD price point: --we are right back to the point when Mark Zuck'ed up my dear crypto markets - I've noted multiple times nothing made sense - in my TA sense - after the FB announcement. --Doji as I type. --Note Orange line - solid TA a line holding very, very tenuously (remember - the further we go...
I'm still long, won't sell, was confused by recent tactical developments (weird patterns, FOMO and FUD sources I was not used to - which suggested to me new entrants to the war), but I still am adhering to this chart of Golden Cross, Death Cross and Golden Cross as my strategic analysis - till disproven. My mainstream investments and the study of also support...
at EMA 50 Day support - note the quick breach earlier (blue circled).
Publishing for a friend: note how BTC broke down, after only 2 points (2 days of) connection (line along daily low) -- i.e. Parabolic conditions met. Besides the Gann Tool, in all seriousness, I have zeroed the horizontal baseline (calendar) to my laptops normal view width (188 bars for me), and used a land navigation protractor to feel this out. I'd love to use...
Publishing for a friend - note how this recent drop broke on Gann, back to 1:1 ratio