While the bullish fervor may have stirred me a bit, the bullishness is definitely gone with the failure of the Adam-Eve pattern. As you can see above, I made a failed trade at the beginning of the day, small position, and a successful trade right after, large position, which made my week on a Sunday; not a bad turnaround from being deeply red, and almost stopped...
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Looks like we will see some bullish action over the next one or two weeks based on our recent breakout and a bullish cross on the MACD. The first horizontal yellow line is the Adam-and-Eve confirmation. The second horizontal yellow line would be the first higher high in the past few months.
As you can tell by this 8 x 10 colored glossy picture, we will likely see some nice intraday movement. You can see this clearly by looking at the circles and arrows to help you out I will even add these paragraphs back describing what each one is. For the trendlines, we can see what is pretty close to an ascending triangle, but it isn't perfect by any means; I am...
As we can see from the Keltner channels, we are getting the strongest strong sell signal, a GTFO signal if you will, in almost three months. As I have said before, unless this is a true breakout bringing us above the $4,000 mark, I believe a strong reversal is incoming and we are entering into a no-trade zone, IMO, soon either way. (Successful trade marked)...
It seems that my initial prediction (brown line) seems to be the most accurate; this rise mimics the last move in size and percentage gained with the main difference being that it happened a bit faster. The more important thing to look at is whether or not that there will be a continuation of this move thus breakingout (which volume supports); by doing so, a...
I would say the chart here speaks for its self. The arrow size denotes the approximate likelihood of each move.
As with my previous post, I suspected incoming pumps with the potential of a bull trap. A few pumps have happened since then and I suspect a larger even short-lived pump is incoming. If these pumps don't break the $4000 levels, far past the 50 daily EMA, I believe we are heading to a break of the $3000 levels pretty soon after that failure. (Entertainment Only)
Basically, we see a somewhat similar repeat in both TD sequential and resistance to the middle band of the KC that lead to the recent surge in price. Could this lead to a breakage of the 50 daily EMA? (Entertainment only.)
Based on the current pattern emerging over the past ~80 days, we are approaching the likely breakout point in a continuation pattern for a short term fall. This decline could be this "last shakeout of weak hands" that the community has been touting every drop for so long.