Since the market is closed tomorrow, the first tiny bubble finishes at 1 pm eastern time. The markets looked relatively weak after seeing such a stellar job number, good job, Trump! I am looking for next week to roll over a little bit. I just tested out a Fibonacci fan, which we see around the 3111ish area looks like support. It also played the expected move on...
Just a gut feeling here, but I think we're about to get a drop in the coming week or so. From a technical standpoint, I can't see anywhere over $3,800 between now and May. What are your thoughts? Love to hear another perspective.
OK using the wavy trend indicator from the Feb lows it took Bitcoin 27 days until this indicator turned. We are on day 22 on this next cycle you can see I drew different colored vertical lines to show you. Right now Bitcoin remains in a neutral zone in the yellow. We haven't seen much selling pressure, but the volume also hasn't been super strong all around. We've...
4 hour candles the 6500$ level is huge. Could see some big moves really soon.
Just a possible path bitcoin could be taking. We will see what happens!
Ok what I have here are two pitchforks. The first I drew in blue and on a logarithmic scale you can see it respected the forks all the way up to the high in December. So I used data from April 2017 to July 2017 and Bitcoin respected each level respectively. Okay So fast forward to today. I drew a descending pitchfork using data points from mid December 2017 to...
Chart speaks for itself. I want to see 4800$ before scaling in. I think its going to happen fast and remain in a negative trend until late may/ early june