Interplay between long bear channel and intermediate bull channel suggests strong bounce from 88 to 110 then continue longterm bearishness. Bounce to 110 would likely create severe bear market in equities.
BTC remains in the bullish channel but hits the .786 fib at $16200. If it breaks down here for a final C wave, $1500 is low target. If it goes up from here 200k is in play.
Even my favourite bear on twitter turned bullish today.. only confirms my bear idea. Could see 156 tops.. but next lower target is 120.
If IWM doesn't drop here then it means that criminal have pulled off the biggest heist in the world.. stealing the printing press itself. This will end in the destruction of the usa. oh well.
dxy to retake median line of channel with adam and eve reversal pattern. PM's, equities and crypto might reverse too probably.
Looks like top of channel is 150 which is where I'll try a short from. Target is 85..
On the weekly the price broke under the bull channel and has now just failed the retest of the resistance. Will be interesting to see what direction it will take this week. Upwards towards 150k or lower to 3k. With a pending pan market sell off and an bounce in dxy.. down looks more probable to me.
XRP has chance to break out at 0.266 for a massive bull run or disappoint and start heading down to 0.066 at bottom of channel. I personally think there will be another imminent pan market sell off, giving us an opportunity to buy more much much cheaper.
Chance to create inverse head and shoulders at $91.88. If fails then next support at $88 but lower more likely then. A bounce would have profound effects on precious metals and the markets.
DXY hit median of channel and is a possible reversal point for a return to top of bull or bear channel at approx. 110. If not reversal then will go to bottom of channel.
If btc doesn't very soon break up from here, we're looking at bear market chart with next buy at approx. $1500. Considering that all the markets look like they're going to mega crash worse than 1930's this outlook is very plausible. Everyone is selling their bitcoin to make rent and eat right now.
Looks like a good shorting position at 325.
I fully expect a pan sell off of equities, commodities and crypto on the 13th or soon after. I'm selling 1/4 of my crypto holdings at the top of the channel and plan to buy for last time at bottom of the channel. After this final sell off I think we will be officially off to the races.
Top of channel and at major resistance. Bullish retrace to bottom of channel.
Top of channel and double top. Short to .618 fib. Stoploss at top of channel.