Gold is an insurance policy in time of crisis...but what happens when countries and hedge funds need to cash out in order to cover their losses?
fractal matches and fibs are being respected so far.
Double bull div on a descending wedge, weekly oversold I'm thinking ~265 is possible (also where the weekly cloud is)
PA and s/R looks absolutely terrible right now Only this bear div on the Bear USDT token is giving me hope of a bounce
Do you trust it? thx @ quantadelic and maboniy for the regression script
Plotted the daily 200/50 "golden cross" MA on the weekly chart (roughly divide daily input by 7 and rounded). We can observe that the short-term PA immediately following a cross is is always in the opposite direction of the bias. In other words; a bearish cross leads to a bounce and a bullish cross leads to a correction, before the strong price movement in the...
Buy the first re-test of HTF resistsance?
Loading up on some Tezos here for a potential bounce targetting 2.9 and will see the reaction there. A rejection at 2.9 and break below 2.5 again means we will probably re-test 1.8. Confluences: Trendline support, potential bullish RSI div, 0.618 fib level retracement target reached.
Let's get back to 230 first.
-virus closing businesses -boomers retiring & cashing out of their 401ks -fresh millennial generation over leveraged on stocks using cash app / robinhood, etc, yet to experience their first market recession -it's not looking so hot atm -will get worse if trump is not re-elected -TA checks out (Triple bear div monthly) Dead-cat + few days of consolidation for vix...
At-least, buying now is better than buying at 10.5k
BNB hit a full 0.786 retracement of the move, similar to many alt coins recently. Currently it meets my criteria for a long scalp to at least 19.5 level. Confluences: Trendline support. Fib retracement level 0.786. Potential bullish RSI divergence.