Cryptogold14

Cryptogold14

I've been unable to convince myself of either the bullish or bearish cases for the medium term. There are valid arguments for both sides. I could very well see us zig zagging sideways for several months in a symmetrical triangle before setting a new ath or breaking the December low. The outer diagonal green lines are part of the long term channel formed after...

Cryptogold14

Markets are now at resistance. I'd like to see an exhaustion gap up in the morning followed by a shooting star candlestick on the daily to confirm that the top is in. Another green bar and we could see the $djia extend to 24800-25000 where there will be even heavier resistance. My average short entry is currently around 24200. I have about 1/5 of my trading...

Cryptogold14

Ascending wedge is bearish. Short when it breaks. Hopefully, there will be a pump to the long term trendline resistance

Cryptogold14

Markets approaching strong resistance. Laddering short from 24,000.

Cryptogold14

Google Trends will tell you all you need to know. Crypto is getting as much attention as it did pre-2017. It hasn't been adopted. The space is dead compared to early this year. Descending Triangles break down 64% of the time. Target is $3000. More pain is a coming.

Cryptogold14

The last bounce off support was a major deadcat bounce after the long selloff. A bounce off the support here would be a major bullish signal. SONM is still the most underrated alt in my opinion. I really believe it will be a top 25 coin someday. Where do you think $SNM goes from here? Let me know in the comments.

Cryptogold14

It is now clear $BTC is in a descending triangle with at least two points of touch along each trendline. Descending triangles break down 64% of the time, but in cases where the price rises into the pattern (less common) as occurs here, a break up occurs 73% of the time. If $BTC breaks out, it will have a target of 18000-20000 depending on the breakout price. ...

Cryptogold14

The Dow has continued its path within the symmetrical triangle, turning back from 25,400 as predicted in my last chart. It has now traveled 85% of the distance to the apex, significantly more than the average 75% to breakout. Also, there are now at least three points touching each of the upper and lower bounds of the triangle, filling the pattern out perfectly. ...

Cryptogold14

The price has climbed to the top of the symmetrical triangle/descending channel. I think it will turn back at 25400. Low volume on a steep rise just isn't sustainable. What do you all think?

Cryptogold14

3 day bull run trendline support broken. Critical support around 10600-10800

Cryptogold14 Updated 

A few scenarios. Tomorrow morning should tell us a lot on where the stock market is headed.