mikehobart

mikehobart

It's a longshot. And I'm just thinking aloud, buuuuut it looks like a messy H&S may be coming with the next test off the 1200EMA to begin the right shoulder.

mikehobart

BTC continues it's stumble through seeming panic-selling. Interestingly, it danced around my initial target. I'm proud of being so close to being on point for a newb, it's like BTC new... or I was terribly lucky. Siding with the latter. Anywho, up ahead is a crossraods; previous support @~8741 & the very strong support @8500, with the 38.2% Retracement in...

mikehobart Updated 

After encountering both the 20Jan17-05Mar18 descending-peak trendline as well as the massive psychological 10k resistance level BTC printed a H&S formation quickly without my even noticing it at the time last night. After which of course we all noticed it cascaded. If the bears really wanted to drive BTC down to this fabled sub 6k range I'd have to say that now...

mikehobart

BTC breaking $10k may end up being harder than it was looking to some of us, I just noticed that the trendline from 20Jan2017 that crosses the last high peak on 05Mar2018 acted as PERFECT resistance to BTC when also collaborating with the last level of resistance at this level back on 12Mar. ALSO to be considered, those lines of resistance are just barely above...

mikehobart Updated 

I could be wrong, and there isn't any real science behind this... simply speculation and observation.... This chart is only moving forward from the drop of 05March. But to me, it seems that the Bears/Whales did not accomplish their goal of <$6k and may be picking up more ammo to drop concentrated fire during the next Take-Profit move? This is purely speculation....

mikehobart

As far as I can see the only next big resistance is the previous high above 9450. Which would be a very good spot for the Bears to drop a hammer again...

mikehobart Updated 

Now I'm not genius, and I've been spending a lot of time during this deployment learning from the best on TV in the art of technical analysis, BUT from my simple understanding of things BTC looks to be forming a descending triangle on the 30m chart with multiple violations below the support. As well as a little H&S pattern in the middle of the DT. I'm still in...