Above you can see that my six levels of support being broken. Here is the same levels I drew out yesterday before we saw the big dip. I was HOPING so hard for it to go back up, but a simple technique that has proven helpful time and again is just looking at the buy and sell walls on the exchange that I’m using (GDAX in my case). The sells walls weren’t...
As you can see, we failed to make an inverse held and shoulders as we were coming up and the top light green major trend resistance line held and we broke downwards through the blue support line. As of writing this, we were currently testing the middle light green trend line as a resistance ceiling but we failed and are now coming back down to $800 to test again....
For the past few days, I have been trying to analayze what the heck is going on in this slow moving market. None of the "major" trend lines have been making sense to me so I started making local trend lines and "near local" trendlines from more recent highs, and they've been hitting the marks or bouncing off of them. In this graph, this is what I predict would...
We're looking to see how this plays out. Just an idea of what may come into play for the rest of the day.
Wooo Target to 885~ then back down to 845-850 before we break the major trend line from January, Then it's up up and awayyyyyyyyyy! Until 13-16k, then we go back down boyz