I'm just as astonished as the next guy, but the techincals are very bullish. SPX is perched comfortably above the .618 from its ATH - a level many expected to reject the price - barely even nudged it. We have a confirmed Head and Shoulders reversal with the neckline break here. A break back under the neckline, and particularly the right shoulder, would look like...
A lot going on in the chart, and could have illustrated a lot more smaller patterns, but gives a good look at our current market structure imo. I personally feel like we will grind up a bit more but we could still go considerably lower and maintain technically bullish overall market structure.
If you go back and look at Bitcoin's last breakout around March 19th, Dash led the breakout by a day or so. Could be happening again.
see title
Possible path further up for BTC here
Still holding this overall rising wedge/bear flag-type structure with a micro descending tri inside at the moment. 200 hourly MA holding as support.
General thoughts and TA on legacy and crypto markets. Would love to hear any comments or if you'd like me to chart a specific asset. Thanks
S&P looks like a bearish continuation (desc. tri) that's been barely hanging on to this high timeframe .618 (anchored from 2014, 2015, and 2016 bottom to the all time high). I'm of the opinion legacy markets are going considerably lower and think BTC is going to follow in what looks to be a bearish pennant type structure. ...will be putting out a video for...
Daily commentary on Bitcoin and other markets' action. Leave a comment if you're seeing something different or if you'd like me to take a look at anything in particular. Thanks!
Commentary on current Bitcoin action and why I think it's the time to buy. Like and comment if you would like me to make a video analysis on any particular coin or stock/index. Thanks
Bears with a strong showing today. Will it continue or is it short-lived?
part 2 of Link analysis along with some other looks
Video commentary on Link's recent price action
Looking like an ascending tri breaking out after much choppy deliberation. There's still a level right above that's kind of a grey area I'd like to see get broken to feel more confident about it but it has broken the recent highs
Follow up to previous days' video commentary on Link. I'd be happy to chart any other coin if anyone's interested just leave a comment with your coin
Current LinkUSD and Link/btc commentary
Tezos is just an absolute beast, no denying. It has broken up its corrective wedge pattern on the daily and is making a run for the highs again. It's definitely in a possible area of resistance/consolidation based on the fibs but could just blast through it. It is right at the log .618 from the high but has surpassed the .618 on the arithmetic/linear scale. I...