PREVIOUS CHART:
Well, ladies and gentlemen, although I am currently in Palestine and drafting charts from my tablet on some okayish internet, I have now got a oretty clear indication of where the market is going since it bottomed out at my buy zone.
It has already started to paint towards my blue line as I have drawn. The last 24 hours have shown me the...
PREVIOUS CHART:
Although it took some days. Here we are. My blue line followed slowly but perfectly and my buy zone completely wicked.
To patient swing traders, I salute you!
I have now removed previous resistances, fibonacci retracements and predicted price path as we are now at block 0.
So! Lets get to it:
<All RSI/MACD on all time frames looking great...
Previous chart:
Our sell target was reached perfectly. Although all this happened quickly on Sunday, I was correct!
Although, sadly, the 7777 horizontal resistance that coincidentally met with the .618fib from the retracement from April 12th AND the weakening 200EMA colliding as well it was VERY difficult to punch through. Instead, it wicked a couple of times! ...
Previous chart:
(UPDATE): I have had to reallocate the sell targets.
As stated in the previous chart we saw some volatile and unpredictable ups and downs in price movement. Although it seems to be nearing an end.
RSI on all time frames except 4hr (a little bit of room to go up) and 1d (currently holding this piece together temporarily) are looking...
<As stated previously on this chart:
Our bounce executed perfectly. All RSI / MACD up to 4-6 hours have been reset and have turned the wheel. Short term growth is now overbought but the longer term picture up to daily frame looking good. Indicates a choppy but slow growth in value up to potentially a 7900 to 8100 area. We are now flagging at the 74/76...
< Fib bounce
< RSI/MACD over sold and exhausted all the way to the daily frame.
< Resistance at 7800.
< Support at 7180. If it breaks 7180 a very big short entry and price will tumble way under 7k. We might use 6600 as support temporarily in that case.
