This pattern will play out depending on the virus and other stuff and stuff.
Link to picture is below www.peterlbrandt.com
Price action broke support on the 200 EMA and the old downward bear channel is acting as support along with the upward bull channel and horizontal support. If the Bulls are going to make a move to reclaim control of the market now would be a good time Bulls. Any time now. My next chart will be showing how I think we are in a Jesse Livermore Accumulation cylinder.
Bitcoin Bouncy Bounce Incoming
Bitcoin and RSI divergence on the 4 hour.
Getting Biblical on you people today with the skin of the teeth reference. Because this fall could be of Biblical proportions. God riddle Job with so many boils that the only skin he had left was the skin of his teeth, or his gums.
S&P 500 Ascending triangle on the monthly time frame.
Not financial advice.
Look for this over priced joy ride of a speculative stock to either come back to 27$ and bounce or 27$ and fall completely contingent upon speculative earnings. I am on the edge of my seat.
Looks like we are heading for 8900 to 9100 with a wick down to 8700
Sure is shaping up that way.
Other than those 2 things I am long term Bullish on the magic internet beans from the angels above. If you measure out this move its telling me that we go down to 9170 region but that is bullshit. I see this incoming drop if there is one at 9850 region into those blue lines of peace and prosperity. Then we consolidate a few days and then upward we fucking...