If we break the Arc line, I am worried. If we break the bold Green Line, I am retiring my Horns
Course we take zoomed out. Next chart will show it zoomed in with levels that cant break or this chart is invalid and I turn bearish
I have left my drawings from yesterday and today we are nearing the "X". Unless $BTC breaks down further, this is the buy zone.
While it does not have to, I am watching the gray box as a possible retest before a more constructive impulse higher. Note we have already broken out of the 3 rail fan, but a back test to support can always be viewed as healthy.
The attached chart is the way I see the structure playing out. Based on the havening cycle THE top should come in later this year or early next. While I know there are a lot of Bears, the charts found support EXACTLY where they should have. I personally never thought we would have sank to $30K, but when seen in hindsight, it makes all the sense in the world. The...
Good golly this is a thing of Beauty
If you wanted to add or even own some $BCH, your opportunity is now.
Area to Stay above if your a Bull. Fed statement in an hour.
The chart attached shows an incredible 2200% increase in Short interest. It is by far the largest increase in the History of Bitcoin. Either a lot of Bears are going to make a lot of money or they will give birth to one of the largest short squeezes in Bitcoins history. I am of the opinion that when too many people get on one side of a trade, its usually best to...
Why I remain constructive even UNDER primary resistance is that we have NOT lost our MA flip. This LTF MA ribbon is even starting to make some bullish cross overs. At the end of the day, much will hinge on the FED tomorrow, but from a technical perspective, the Bulls and Bears have a war to wage. Bulls have the MA's, Bears have resistance. For now...
In my opinion this battle zone is the most important. Whoever wins to the victor goes the spoils. FED meeting tomorrow will be VERY IMPORTANT!!!
Lots of work still left to do, but these are the PRIMARY levels to get through to get $LTC back on a firm Bullish footing. Time will Tell!
While we know reclaiming will not be easy, this chart details key levels of resistance levels based on the Fibs and MA's. NOTE, the Weekly 50EMA has held true for support and it is my opinion that $30K was THE LOW. New Highs are all but certain if we can break the .618 Fib. Time will tell. My bet is on the Bulls!
Do we bounce above $91/$91, or do we snap below $88??? Whatever its next move, will matter most of all to markets