Weeks out from our first break out. The global market now has a bearish outlook, watch where the money flows.
Expecting another slight dip/small accumulation period during the next halving. ATH's will be tested and FOMO will kick in at that point. Fundamental news with regulation, adoption etc. should also become positive during this run.
Fibs were placed on swing highs and just the golden pocket fibs are used. Long history of strong retracement/support zone.
Long term trending used to form the bottom of the parallel channel.
Ascending triangles showing a history of a continuation to the upside.
Blue bars copied from 2015-2017 in the parallel channel, before the breakout and parabolic...
Breakout and going parabolic or dropping to the bottom of the channel? Something to keep an eye on
Industrials & Utilities
The markets currently in the euphoria stage, posting ATH's everyday. Its only a matter of time before it pops.
Heres something to keep an eye on. Using the pitchfork to find areas of support and resistance, pivots were placed using the last major recessions.
There was a double top (1500 region) in both bull runs before 2000 and 2008, this should now serve as a...
Something to look out for in the following weeks. Expect the gap down Monday morning. Or you can wait for the media to tell you that the Chinese yo-yo of trade talks are now "stalling the market". Because thats what drives the US Market? SMH
More on the evening star pattern.
Bitmex, Kraken, Bitfinex, etc. are following the CME futures moves.
When margin trading btc, use low leverage and never bother looking below the Daily chart. This entry strategy has been working all year, i'll continue to use it until it becomes unsuccessful.