Getting ready to buy inverse natural gas, $DGAZ.
Natural gas is nearing the long term channel which it hasn't broken several times.
Natural gas has touched the top of this channel every - 6.90 - 7.00% as you can see in the D1 graph.
First touch - -6.99%, 994 bars (62 d 15 h)
Second touch -6.90%, 860 bars (54 d 00 h)
Wait for strong breakout confirmation...
The perfect storm, at exactly the wrong time.
- Trade war that keeps getting worse, no talks until September
- Fed rate cuts did nothing to help the problem
- China weakens their currency + adds to tariffs
- Gold reaches all time highs, moves higher as sign of recession looms
- Weak reportings from companies affected by trade war just now starting to come...
I will preface this that this all of this can and will be invalidated if BTC activity changes drastically and brings down the market with it (or breaks the trend I show above). Several analysts predict it'll go down, question is - will it bring down other altcoins with it?
I looked at previous patterns, and the current = $LINKUSDT / $BTCUSDT pattern. I'm leaving...
TLDR: Be in control. Do not blindly believe what others tell you. Take the amazing analysts on here and run with ideas that help you grow. Do not reject ANYTHING from anyone. RESPECT everyone's ideas, especially ones like MagicPoopCannon that go against popular belief, because the more self-awareness you have, the more prepared you will be. If you do not...
Update to my previous analysis where we missed target - I was off as I believe FUD and skepticism is slowly taking over and people are uncertain of either a large drop to 9800 and below or shot to 11150 and then 11500. This plus a combination of day traders who are buying and selling these regular oscillations between 10500 - 10800 are suppressing bulls.
Looking at similar trends, will we be at the 11,500 (11,400 est) by 12 tonight, midnight on 6/22/19?
It looks inevitable. Unless we hit a wall at the 11150 resistance, it seems to be a matter of 5-6 hours. I will be watching pullback at 11150 and 11500 levels, possibly to the 10800 and 11150 respectively.
If we have a new low that introduces itself along our...