Akamer-the-Werewolf

Akamer-the-Werewolf

If we continue to move down inside the pennant I will be looking for a bounce around $33,500. I think we have a potential 30% break to the upside and I think a break up is more likely than a break down. Are you bullish or bearish? Owhoooo!

Akamer-the-Werewolf

If we break up and it holds true to the trend it should be a 30% move. Owhoooo!

Akamer-the-Werewolf

Since I think we are in a bull trend still, I am leaning towards a move up and out of this bullish pennant. If we break downward then I am running for the hills! But we might go back and test the support before breaking up so it wouldn't be unexpected to move back down to $33,500 or so before finding support again. The 4hr chart might show a couple more...

Akamer-the-Werewolf

Let's run... On the 4hr chart I am seeing a steady move up to test the resistance of the larger bullish pennant. After realigning a bit, I think a $49,500 target from the break of the symmetrical triangle would make sense. I will be watching to see if we can get another breakout or if we will move down to retest the support again. If we break up I will be...

Akamer-the-Werewolf

Let's run... To me it seems we have broken out of a potential symmetrical triangle and are moving up to test the resistance of the larger bullish pennant. I think a small trade could be taken here as we move up, but I am waiting to see if we can break out of this larger structure. A measured move out of the symmetrical triangle would take us to nearly $44,000. ...

Akamer-the-Werewolf

What's up wolves?? We could go up and test resistance or go down and test support and either would be healthy in my opinion. I see a few formations, not sure yet what is going to play out. There is a smaller head and shoulders and we are testing it's neckline now. A break down could see us test the neckline of the larger head and shoulders pattern that I see...

Akamer-the-Werewolf

Just felt like howling. Are we going to break this structure?

Akamer-the-Werewolf

This is continuing to form nicely on the 4hr chart. As expected we have come down. Let's see how this candle closes and then I am watching for a move back up to test the resistance and possibly break up out of the pennant. On the daily chart we nearly touched the 21 EMA. I think we will see a move up over the next day or two. These bulls have me...

Akamer-the-Werewolf

I see a bull flag forming nicely on the 4hr chart. I think we will go down in the short term as it continues to develop. I am also watching the potential head and shoulders formation. For me, the neckline is down at the 1.618 line so I'm not overly concerned at the moment. On the daily chart I see the price falling to touch the 21 EMA in the short term. ...

Akamer-the-Werewolf

A move up! I'm feeling bullish and think this is the start of a push to $62,000.

Akamer-the-Werewolf

I see this forming on the 4 hr. A break up, for me, takes us close to $62,000. A break down could end up around $9800, which reminded me that there is a CME gap at around $9800. Maybe extreme, but I think a big move is coming either way. What do you think?