micmuc

micmuc Updated 

Many believe that low volume is a bad sign, however the fact that we've been moving up last few weeks on low, decreasing volume is in fact a very strong sign. It's a sign that very few holders are willing to sell. The investors that recognise that from a long-term perspective the current prices are quite great and hence want to increase their long positions...

micmuc

- Bullish divergence on 2-hour timeframe signs we might very well be breaking bear market resistance on next try - The descending orange line is the overall bearish downtrend since 2017's all-time-high; it's only logical that we are having difficulties passing this line as obviously some opportunistic day-traders think this is a good point to take short positions....

micmuc

Squeeze up incoming

micmuc

Uptrend continuation incoming

micmuc

See chart comments

micmuc Updated 

- Similar low-volume sideways patterns as last two times "everyone thought" we'd about to tumble down further - We're about to break the 124 daily EMA upwards (124 daily = 744 on above 4-hourly chart), which would be a very bullish sign

micmuc

- Similar low-volume sideways patterns as last two times "everyone thought" we'd about to tumble down further - We're about to break the 124 daily MA upwards (124 daily = 744 in above 4-hourly chart), which would be a very bullish sign

micmuc Updated 

Analysis  There are signs all over that a temporary trend reversal is in the make: Loss of overall bearish momentum last few weeks Bullish RSI divergence Morning star in the make for today's close Never before so many open short positions (especially notice the similarity in fractal pattern and shorts when comparing the periods 12Feb18-12Apr18 and...