We Are The Champions My Friends!
Updated
I've paid my dues
Time after time
I've done my sentence
But committed no crime
And bad mistakes
I've made a few
I've had my share of sand kicked in my face
But I've come through.
Queen
Well, this will be a short one. I never said I was perfect at this, just pretty damn good at it. Still I continue to HODL.
What we have here is a double bottom with a higher low. I still contend that we have seen the lows and completed wave down for this round and that came in February. Where I was wrong was a bit of timing on exactly when the next superpump up would be. We’ve been a little slow in getting there which in reality means we have just been consolidating in a channel for a while.
Some fantastic news is that the 50 day moving average is finally beginning to almost imperceptibly turn up from the higher low situation. Barely, just barely, you can see it.
Prices bumped off the lower end of the Bollinger Band , so this day candle has seen its low.
Stochastic is oversold and turning. MACD is close to showing some upward momentum returning.
The crossover over of the 50 and 200 seems to be less problematic. Still keeping an eye on it but the last time we got this close, even crossed, bears were faked out and we shot up on a really strong rally.
Last chart I said 9250 would put bulls in charge. I am now adjusting that to 8275 as that is a point of resistance and then we should continue forward.
It’s all good news for the most part. We are just slow in getting started. I still see all time highs by December 2018.
youtu.be/04854XqcfCY
Time after time
I've done my sentence
But committed no crime
And bad mistakes
I've made a few
I've had my share of sand kicked in my face
But I've come through.
Queen
Well, this will be a short one. I never said I was perfect at this, just pretty damn good at it. Still I continue to HODL.
What we have here is a double bottom with a higher low. I still contend that we have seen the lows and completed wave down for this round and that came in February. Where I was wrong was a bit of timing on exactly when the next superpump up would be. We’ve been a little slow in getting there which in reality means we have just been consolidating in a channel for a while.
Some fantastic news is that the 50 day moving average is finally beginning to almost imperceptibly turn up from the higher low situation. Barely, just barely, you can see it.
Prices bumped off the lower end of the Bollinger Band , so this day candle has seen its low.
Stochastic is oversold and turning. MACD is close to showing some upward momentum returning.
The crossover over of the 50 and 200 seems to be less problematic. Still keeping an eye on it but the last time we got this close, even crossed, bears were faked out and we shot up on a really strong rally.
Last chart I said 9250 would put bulls in charge. I am now adjusting that to 8275 as that is a point of resistance and then we should continue forward.
It’s all good news for the most part. We are just slow in getting started. I still see all time highs by December 2018.
youtu.be/04854XqcfCY
Note
We can also see here some Gann Fan lines. The 8/1 support (Red) is very strong. Let’s see where we go.
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