I'm liking that it made a higher low and a simple ABC target is my green arrow, if this level can hold we're good for a long. The daily candle is still bearish at the moment so no reason to get in, but if we get a bullish candle I'm going long.
We have a TD9 Sell on the weekly, it's looking over extended, bullish euphoria is through the roof. Everyone downvoted me in bitcoinmarkets when I longed $3100 and now they're downvoting me because I think we get a retrace, that's all good, another indicator. I think we possibly go to $5400 before the drop but it's looking over extended. It's Bitcoin so I...
I'm longing this to get some BTC, downside looks exhausted here, approaching resistance that if it gets through should pop. Bunch of TD9 and 13 Buys on different timeframes, bullish divergence. Long as Bitcoin stays high this should pop very soon, target on the long-term is 14k based on ABCD.
TD 8 Sell Setup, so maybe 1 more day. Important earnings are coming out Mon (2/25) and Tues, most other earnings have missed so I don't see these being different. We also have bearish divergence, a weekly resistance and supply level, making for a great short setup.
Factom has a TD 9 Weekly Buy, with a ton of bullish divs on smaller timeframes and at Weekly Support, this should fly. They also have partnerships with the Government, Mortgage Companies and more, more partnerships should trickle out.
At a major resistance, big test here, I'm leaning short because USDCHF and USDJPY area also looking toppy a long with the stock market and Bitcoin looks bottomed, finding more correlation between those two.
Tip of da hat FB, those bot impressions are amazing, glad you had a nice news pump but you hit your wall. The weekly Kejun-Sen is a powerful level you're not getting through. It might rise a little on Mondays open to re-test the level, but it's highly unlikely it gets through this level unless the whole market goes on a crazy bullish streak which I also don't...