BITCOIN - ONE MORE LOW TO 23kPatterns repeating over and over.
In this look at COINBASE:BTCUSD we are having another rally which should stop around the 34k level which in itself is a major Fibonacci number (34). This should start the last leg lower into 23k where we have the 1.618% extension from the last low.
If it manages to get through the 34k level and hold above there then 34k becomes the support then there could be a higher level to watch but for now this is how its playing out.
I hope this helps, updates coming with AI as we follow this move.
34
The 34 Period SMA & It's Relationship to the 500 DoubleHullYou'll note the 34 pulls thru, the pricing data runs back to 500 Double Hull and that's the shove off for most direction changes as shown in this graph of IMGN... Expecting significant upside based on my daily momentum model.
brschultz
The Question: Will S&P 500 4HR 34 SMA reject @ 500 Double HullI think we are in a bear market until March 2020
You can see from history the 34 has bounced off the Double Hull 500. We are approaching... will see if this ties out to my short term momentum model that i am testing ( maybe a Feb 5th peak for short term markets? ).
brschultz : markettimer777