BTC moving in a smaller time frame down trend and hitting upper blue trend line of the channel for inflection against the uptrend channel, We could break above blue line here to confirm uptrend bias, but I suspect we will move down from here to test red 50% median downtrend line before a major uptrend could resume. Of course at that point it could also break...
BTC moving in a smaller time frame down trend and hitting inflection on longet ter uptrend, We could break above blue line here, but I suspect we will move down from here to test red50 median downtrend line before a major uptrend could resume. Of course at that point it could also break below the red 50% trand line and dip under 32000. Thats when people will start...
Gold market on 12 hour scale / 30 day harmonic sequence showing trend on Fib fan tracking toward a Dec 13th bull target of 1476 to .75 fan channel.
Bull continuation would target at 1487 at .618 and 1498 at .5, indicating monthly bull trend.
Dec 15 Bear pivot would trend to monthly low support of 1445 at Fib 1.0.
Trendline support below at 1434 would signal...
Yearly rising trendline (Red) from August 2018 converging with monthly falling top trendline (green).
Bounced off of red yearly and now riding green monthly. I expect this to provide resistance heading back toward 1450s.
Yellow trend lines show volitility in rhythm that would indicate heavy price action coming Friday morning. So far bias has been to fall from channel high to low.
Looks like an ascending wedge forming along the trend lines.
Bad news out of China is positive gold. Impeachment dragging down trade talk leverage, while Hong Kong burns.
Let's see if technicsl patterns Trump news cycles.
