A very obvious trade, or devious trap?
This idea is 100% backed by a hunch (a.k.a hunch-backed) . Also a famous beer brand. Or two.
I had a very interesting dream about magnets in the sky this morning. This is what it looked like. And... I'm ok with that. Cheers!
As per graph, I'm inclined to think we'll go lower to the target green target box. With the declining RSI and Volume, and 400HMA and Fib.5 as top resistance, i reckon we'll see a breakdown through the cloud rather than a bounce. An upward move with 600/800HMA and Fib.618 as resistance, only to test the cloud at a later date acts a second scenario. Cheers!
So I asked a friend who is really into internet and stuff to have a look at the BTC/USD chart, and he instantly pointed out something that cannot be unseen. 404 Anyone using internet should know this one 666 Dark and dangerous 4160 'algo' algorithm 1337 'leet' = elite 31337 'eleet' = more elite 5475 'sats' 6338 'geek', seen 'k' been spelled...
Showing the world my total ignorance on any and all Gann-principles. I like drawing Gann-fans though - looks like a lazer show.
Bouncing off MA350 soon (maybe) - but not to the moon. How far?, you wonder - historically to the MA two hundred.
A quick look at Chainlink. With a declining volume since oct'20 I'd say a test of the channel floor is minimum before placing any bets here.
Covid-19 traveled back in time and made some adjustments so we´ll have a december top, a dip, and a bright 2022. There is a slim chance that time travel might not be possible though, and this is another beer-induced (untrustworthy) vision.
Pick a line!, any line! - Look at it, keep it to yourself and don´t show it to anyone! --- 4 years later --- Was this your line? No...
Trying out a fractal for a few days. Do you think it´ll play nice?
We have reached the "Leet" (1337) level in ETH/USD. Also the BTC/USD "AI Go!" (41 601) level. Are you concerned?
Hopefully, the report on may 14 will give a jolt back into the long trend channel, perhaps a good report will take it even higher.