If Price manages to hold in the purple zone through the down resistance, we'll probably see a bullish continuation next. However, I think the DTs will win out here taking Price down to 18.5 at least, maybe 17k. RSI getting wedged hard between the uptrend (white) and downtrends (purple and yellow), expecting this to break down for a little bit here before...
Our lines from Friday worked out great here! Price about to hit some serious Resistance though at 19.2. Right now it's being squeezed between the bottom of the upchannel and top of the downchannel... sure enough right when RSI broke through the purple line and incidentally the white line on the chart as well, Price popped/reacted noticeably as expected: Let's...
Notice that every time in the last 5Y we broke below this line, stocks plummeted. Only options left are... 1. BULLGASM to stay above this line for a bit longer before crashing 2. Start crashing soon 3300 is a good place to pull back to before charging for new ATHs, that is most likely bounce for next downturn right now but 3180 and 3k aren't too far behind,...
Just broke under major S/R, it's probably lookin to retest and likelier to fail than break back through. OG Idea:
May have to stay tuned until Monday to get our answer here. Let's see! B)
Price very likely to be reactive at all these points. If we break above 20k, the BULL RUN can begin. If we hold under we got some supports in place laying the path for a bigger run at a later date. Should be a fun ride! Lets work this thing for everything it's worth haha.
5Y peak channel top wasn't havin it these last few day's rejecting Price four times. White is the current peak Price Trend pushing up into this Resistance from the 1M RW structure we see the tip of here. Now we're trapped in a 3D box, if we break this thing and cross over the top of the 5Y Peak Channel I'll long this nonsense to the top of this 1Y Peak Trend...
Top of 5Y Peak Channel now in 3680-3690 range and holding strong! Still climbing this 1M RW, that overhead resistance is trying to push Price out though. Let's see who wins B).
I thought I pinned this down before but it expanded into another perfect fit, slightly bigger extension! Pretty unreal here how closely it aligns, every single turning point is in a similar proportional relationship all that's left is 3680 ATH and crash to continue to fulfill this fractal. It's about 2x the March fractal so I've extrapolated based on that...
We're exactly on a major S/R right now and RSI could be heading back down to touch yellow downchannel.
That DXY rebound gonna spring markets back from their local bottom around then. Rising Gold is what's gonna crash them between now and then Just tracking rate of decay and likely bottom. DXY lookin like UVXY right now B).
This should drop after being forced to break through runup trend by heavy overhead resistance. Should land around 12-13k range, lotta other crypto traders here thinkin the same. I exited all of my position over a week around 19k average and just waiting for the next trend confirm to jump back in. Will long if we do end up getting a clear break over 20k but seems...
As this 1M RW runs Price right into the top of the 5Y Peak Channel we should finally see a significant breakout or breakdown. Top of this Peak Channel should be quite reactive with Price. I'm still expecting a breakdown here but we may get an exhaustion overthrow first. This has high likelihood of being max Price but magenta 1Y Peak Channel lines are the...
Here's where it's goin guys, just broke under the 1M RW.
I just discovered this. Seems quite meaningful. Failed H&S breakout? Enjoy! B)
We got a nice RW extension, it's now 1M big... about the size of the other two when Price collapsed. I still am looking for a clear 3680 break and hold before expecting any real Bull move. Right now it's just algos pocketing money from both Retail Bears and Bulls on overnight gapups lol. They get 80% of the move in one fell swoop and sell off at the top of the...
Price broke under the main RW decisively as well as both smaller FW's. Price stuck right on bottom of 5Y Peak Channel! If it closes under that's more bearish but we'll see. I've added a new larger main FW that we can track for breakouts or breakdowns the next couple days.