korsgaard

korsgaard

keep these in mind as the price moves up/down.

korsgaard Updated 

On the daily chart, we can clearly see that bitcoin has been using the MA50 as a dynamic support and resistance. A few years of data tells us that when bitcoin breaks to the upside decisively, we should go long. When it breaks down, we must go short. Bitcoin always retests the MA50. Considering the numerous bearish signs as outlined in my previous analyses and by...

korsgaard

Successful traders are cognizant of the three phases of a market cycle, namely accumulation, public participation, and distribution. The first stage of a bull run is the accumulation phase – this is where the smart money is buying. After a large, long-term sell off, the market bottoms out and it starts moving sideways. This is when the successful investors buy....

korsgaard Updated 

RSI going down but price going up = bearish divergence. Declining volume. ATH reached = big resistance. Double top. Time to sell not to buy.

korsgaard

Sellers are in control after gold made an ATH, but gold has reached a support which dates back to 2011 and 2012 - I expect it to make a significant move to the upside by bouncing off on the support - if it breaks down convincingly, gold will eventually be trading at much lower prices. RSI is oversold - previously this resulted in a move to the upside. Gold...

korsgaard

Double top - low volume. RSI is declining. Investing now is extremely risky - especially now that BTC has reached an ATH.

korsgaard

According to Elliott Wave Theory, bitcoin has made five waves resulting in an extended 5th. elliottwave-forecast.com writes, "In Elliott Wave Theory, wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the...

korsgaard

In the chart, I have outlined the key resistances for Cardano. The first one is at roughly 620 satoshi - we have seen several attempts at breaking it, so far without success. If a major reversal sign appears then it is time to go short, but for now the trend is clearly bullish and the 50-day moving average has crossed the 200-day moving average which is a major...