Massive rally since May +50% YTD Seems to be running out of momentum. Considering to close longs on oil
Real long term economic effects will creep up, now that momentum is stalling on the leg up after the corona dip. -Inflation from the money printing -Supply chain disruptions -Iran, Israel annexation of west bank tensions I will start opening shorts now and add every few days, each top in 4H trend. TARGETS TP1 3000 TP2 2200 TP3 ??? (holding)
Since 2008 we have had no real recession. 21 December 2019 we just hit the top resistance of ascending wedge on the monthly chart. Coincidence? I think not. Add the repo crisis like we had in september, trade war risk, and election uncertainty, brexit uncertainty, housing market bubble and dept buildup and we have are at more then enough to make this technical...
Since 2008 we have had no real recession. 21 December 2019 we just hit the top resistance of ascending wedge on the monthly chart. Coincidence? I think not. Add the repo crisis like we had in september, trade war risk, and election uncertainty, brexit uncertainty, housing market bubble and dept buildup and we have are at more then enough to make this technical...
From here btc can either: -continue to range in the triangle -move to the next fibonacci level If we look at the parabolic growth in 2013-2014 we see alot of similarities: (tradeview chart): - crazy bullrun untill end of the year - then a simmilar bear market with bounces on the fib levels - death cross on daily After last parabolic run we bounced hard of...
Look carefully how the fibonacci levels are respected. Nice bounces at each of them. And how a huge pump comes after reaching the 0.236 fib level. (Look here for possible outcomes: )
BITFINEX:BTCUSD We dropped straight through the local supports over the last few days. But now we are approaching a very long important long term support of the parabollic long term triangle. This support is likely to bounce, we have a big chance of ranging in the triangle. Since the end of triangle is near a big move is more likely, so there is potential for...
We have found support on the trendline. With CME futures cash settlement in combination with this support this may go to the MOON! Are you guys ready to see the king fly again? Lets open long and ride the green candles! :D
We have the big longterm triangle that we are ranging in since the fall in december. We can also see 2 support trendlines that have held strongly before. Last days we observed that the first supportline at 8400 broke and it triggered a big dump. Then we went to form an ascending triangle which broke out and had quite a pump, but it was a fakeout and got...
Trend is bullish so buying at bottom of channel is good. If it breaks then short. Use SL
watch the trianle boys
Time to open up longs