Resistance breaks but top of Trend Channel? Some ALTs are pushing up so looks promising. Best, HF
I've been watching this recent rally to see if the body of the weekly candle breaks and holds above the 0.5 Fib. Based of the preceding high to low, the rally runs out of steam and breaks down at the 0.5 Fib. - 2018 Jan High and December Low led to the retrace in July 2019 to the 0.5 Fib - 2019 July High to December Low led to the retrace in Feb to the 0.5...
Quick look at BTC through a Bullish lens. - 200 EMA and the Bitcoin Logarithmic Growth Curve are now in target. - End of (rising) wedge - Fear leaving the markets as more data is available on C19 - RSI has room to reach target of $8,200 - a few calls for $10k in one day would be dramatic - If held it would mean a breakout of this localised downtrend There are a...
Expecting a push up to fail later today. If it does we will likely break the lower level trend on run to a double bottom. Maybe i just need to shake this Bear fever and get back on the bull? Let's see what the S&P does. Best, Hard Forky
I've now got a bearish outlook at this area. - We've run into the 50 daily EMA and the 50% retracement area from the recent high. I don't think BTC has broken 50% in the last 3 years. - We are also hitting two down-trends - the most significant from the recent high and the second from the 2018/2019 based on log. - RSI tops out on 4 hour again. - Expecting some...
Top of Regression Trend channel - possible break up and out. Wider market influences are in place - I'm expecting markets to fall which might limit WRX's chances from here? Fib to be considered. Best, Hard Forky
Scenario planning some upside targets. - Uptrend Fib adjusted for final target - Possible rejection at the Downtrend fib at 0.5 Best, HF
Generally bullish but need to consider bearish scenarios. Wider financial markets set to have a tough week i'm expecting BTC to slip form here. My initial target for the Dow Jones Industrial Average was $18k, then down to $15k. $18k was hit so I'm watching the next day or so with a lot of interest. Let's see how BTC reacts, my high was $8k but with the wider...
Quick look at BTC Not feeling the bullishness, might break up but expecting it to sell off. Best, HF
Daily looks good. If it fails to breakout above this longterm (purple) trend line the $1k callers will be out in force. I might be one of them. Otherwise, this could run. Best, Hard Forky
Yep, I can draw trend lines.. as badly as my brush work. Entry options in Purple Best, Hard Forky
The pattern is pretty much exactly the same as in December 19, just a little more bullish. Let's see if we move up. Expecting a weekend of chop. Best, Hforky
Revisiting the Regression Trend and Hyperwave posts I made for myself and these are looking pretty accurate. All my posts are to help me learn how the market moves and these have been my best macro TA tools to date. If any humans (vs. the bots) read this I suggest to do some research on these. Takeaway: - Although I got a little REKT trying to trade the drop...