sloth456

sloth456

For those of you panicking about bitcoin, invert your chart and let your worries fade.

sloth456

Although subtle, recent lows on bitcoin are getting exponentially higher in this consolidation. Last time I called this, the next leg up started. Are we going to do the same again this time? Is it too early to say? Let's see!

sloth456

Although subtle the lows of this range are ascending at a steeper angle than the lower highs are descending. This indicates, for the moment that there are slightly more buyers than sellers. However it could still go either way. If we break the lower green trend the price must drop further to find more buyers before we can expect to recover.

sloth456

Connecting the recent lows on the daily, we see that buyers are not allowing price to dip to lower trend lines, forming the beginnings of a parabola, let's see if it holds. To the mooooon!

sloth456

Could DOW/GOLD ratio chart be forming a right shoulder in a head and shoulders pattern? Potentially gold will outperform stocks greatly within the year.