W.D._Goon

W.D._Goon

The Dollar/Commodity relationship has resulted in a long downtrend for some commodities since 2014. What's interesting though is that Gold seems to have been trading in the same range since June 2013. If this consolidation breaks up, we could be facing some interesting times. Although I wouldn't be betting on commodities with a DXY continuation still possible,...

W.D._Goon

Parabolic dump might need some correction

W.D._Goon

The bull seems strong at the moment, to me it looks like we're gonna at least test 1546 again and maybe a bit higher. If we hold above there this could rally. Below 1483 I think will be the end of it.

W.D._Goon

Higher timeframe compression is still in effect. Pump got denied right at macro resistence. Above $240 could see a swing up. I think 220-230 is bottom for now.

W.D._Goon

LONG - We're at a strong support level and at the bottom of the consolidation. There's a good possibility we bounce here, which could make for a nice short term long. Levels of resistence are shown. A break above 218 would be more confirmation for long. SHORT - A break below 215 could get ugly seeing how volume has been high throughout this cycle.

W.D._Goon

Consistent supression level is still in effect. Currently testing uptrend line. 1370-1500 levels to watch

W.D._Goon

Range narrows as market consolidates and volume dries up. A break from this pennant could be the start of the next move

W.D._Goon

Seems BTC elephants are building a position between 215-275. This could resume downtrend hard or attempt to break the downtrend. Range will continue to narrow for now as the funds prepare their move.

W.D._Goon

Be careful longs, possible top

W.D._Goon

It's in a narrow range but it seems to be bouncing off 1935 support level again. Chaikin showing some divergence, meaning it could push for the 0-line. A possible long target could be 2000, judging by the drawn resistence points. Breaking below 1935 could resume downtrend.

W.D._Goon

We're in a pretty big consolidation and taking either position at this point comes with risk. It's currently bouncing off the bottom of the triangle. If it bounces up off the current level there might be a good long option there, be mindful of the levels and the downtrend line. Whenever we leave this range the movement is gonna be big.

W.D._Goon

It bounced off the uptrend line and got to 337, the current retracement seems to be pulling back onto the uptrend line. It could re-test 337 or break it to test around 400.

W.D._Goon

337 is an important level to break at the moment, from the beginning of this channel it has been a strong swing level. If it breaks it could test the downtrend line around 400.

W.D._Goon

The longer term outlook for bitcoin has yet to be determined. The jump to 470 quickly turned into nothing but a cute attempt at a rally. One thing is promised though, when we leave here, whether up or down, it will be big.