it s really scary how powerfull a 4 year old trendline is. btc rejected at the trendline as expected and all indicators are toppy. sorry for not sharing this set-up earlier. i sold everything at 9k$. volume now declining BTC dominance going down, could ignite an alts season party... this upmove from the low 3k's was the first impulsive move after the long bear...
look how squeezed the moving averages are. volume nearly at ZERO, all indicators are slowly creeping up. that means, if the stockmarket will dump further, gold should fly. decreasing volume near to zero means there s a big move coming, up or down. but the parameters are currently favouring an up move. see my gold analysis from last year, SPOT ON. THIS IS NOT...
all EMA´s 50 100 200 are super tight and curving up slowly. MFI gave buy signal on 18th august. MFI resistance broken. so the money is flowing into gold currently. AO awesome oscillator looking very promising. if stock markets crash (most likely will, as all indicators are heavily maxed out and all known supports already broken) and real volume kicks in,...
chart and indicators are saying everything... we will have a lift off once volume kicks in. this could also be the start of a real alt-season. looking at the market cycles it looks like we re due for a pump!?!? currently trading over ema 10 20 and 50... my entry was at 7050sats last week. too bad i didn t shared it immediately. will do so next time once i...
we are within an ascending triangle. volume declining, price increasing. catalyst also the current stock market sell offs. we had a nice consolidation at support. i bought some gold @ 1190 last month. watch for the strong resistance. if volume picks up, a strong move will occur. Awesome oscillator (AO) looking very promising. NOT AN INVESTMENT ADVICE