jacques_michaud

jacques_michaud

This has less revenue than a busy Chick-fil-a franchise AND given Trump will bail ship before this hits 0 to unlock his shares allowing him to sell, given his son and a few prior admin staff are on the board, it's a fait de complete. Most if not all shareholders are in it not as a valid investment, they believe Trump will save them and make them rich.... the ONLY...

jacques_michaud

Trump issuing 21.5 million additional shares based on nothing. Down 5.5$ in pre-market

jacques_michaud

Everyone under water from hype.

jacques_michaud

ETH on a weekly trend is playing out the classic double bottom scenario, giving a possible top around 830 which is close to the .382 FIB extension from the 1400 top in 2018. This combined with the historic low of the BTC/ETH ratio which will trend back up to it's historical average.

jacques_michaud

The weekly close on Sunday above 11.5K currently is confirming that this is a strong support (4 Weekly closes above old resistance), there's a strongly possibility that BTC can reach the .382 FIB retracement from 20K in 2017.

jacques_michaud

BTC hit the target of approx. 11.6K and also confirmed the resistance on the 2nd uptrend support, this also confirmed a double top short term . Current target is 11.4K, if this fails BTC will re-visit 10.5K support.

jacques_michaud

Possible re-test of 11.6K or drop to 10.5K ?

jacques_michaud

BTC has been in a descending channel since hitting 12.4K , the bears have confirmed their dominance in the trend over the last couple of days by the price getting rejected at 11.8K by the (1st uptrend support line) then yesterday at 11.5K (2nd uptrend support line). Over the last few days the price has been supported by the 200 (HLC candle) Fibonacci Bollinger...

jacques_michaud

Currently on the 4hr BTC is facing short term resistance @ 11.4 K, if it fails to break this level the the long term trend toward 7.4 K may play out. However there are a few stops along the way. If BTC doesn't bounce of the purple line (trend line from 20K) then the next support is 10.5K which was the peak for the last few rally attempts. if 10.5K fails then there...

jacques_michaud

On the logarithmic weekly chart for BTC in in the process of confirming a bullish reversal trend, if it can close the weekly candle above the purple line ,which is the support line dating back to 2014, BTC is just entering a new bull phase. This has also been confirmed by breaking the green resistance line established from the 20K top since 2017, if we can stay...

jacques_michaud

Yesterday daily TD Seq 9 Sell signal recorded a perfect condition to short which has played out in text book fashion. BTC is currently sitting on the mid term support line going back to the re-test of 3.8K , once this is broken the next support lies at 4H MA of approx. 6.7 K, if this doesn't hold the next clear level is 5.8 K. A lot of longs are hanging there hat...

jacques_michaud

The week of Jan 06/20 BTC made a concentrated effort to break out of the descending channel since entering it on Jun 19/19. The trend reversal started on the week of Nov 19/19 and as of this week the MCAD looked like it was going to cross over positively for the 1st time since Feb 4/19 when it last crossed over starting the uptrend from 3,500 range. In order for...

jacques_michaud

BTC followed the trend of GLD during the Iran crisis, it tested the upper channel of 8,400 during the peak of the crises and promptly followed golds' decline by dropping $400 at approx 11:30 when Trump downplayed the threat. I looks poised to re-test the long term support line from the 3,500 lows as it did when it BTC tested at $6,500, $6,400 and $6,800. It looks...

jacques_michaud

BTC broke the short term descending channel that lasted for approx. 2 weeks, however it has encountered major resistance on the midpoint of the longterm descending channel that it's been trading in since the peak of 14 K, given the weak support it will continue down until it reaches the .768 FIB ( 5.3 K) support level established from the 3.5 K upwards trend....