I believe last sunday high June 3rd was significant and I believe Friday low June 8th significant. If we break out Friday low I believe market could take us down at least to blue trend line.
Look at the stochastic pattern for beginning of month since January. That is what is bothering me. If we do go lower hopefully we get a quick bounce back because I'm 100% a Bitcoin bull. Also if market breaks Sunday high nobody would be happier than me. Keep watch guys. Hopefully the stochastic is telling me crap.
NOT ADVICE ALL DISCLAIMERS APPLY DO YOUR OWN RESEARCH
Look at the stochastic pattern for beginning of month since January. That is what is bothering me. If we do go lower hopefully we get a quick bounce back because I'm 100% a Bitcoin bull. Also if market breaks Sunday high nobody would be happier than me. Keep watch guys. Hopefully the stochastic is telling me crap.
NOT ADVICE ALL DISCLAIMERS APPLY DO YOUR OWN RESEARCH
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Chart above is to log scale.
Comment:
I should add that yellow arrows on chart are just for illustrative purposes as there are so many ways of calculating targets. I created yellow boxed areas based on fractal distances. So last Sundays high was important because it was double the fractal distance between 24th May and 29th May. Friday was important because it was double the distance between 29th May to 3rd June, and because market failed Friday to break higher out the yellow box 3rd June to 7th June but broke lower not shown on chart. I then applied same to April.
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If of interest. In order to create the arrows in the chart more accurately, my idea was to take the volatility from the beginning of the yellow box to the end and just add it to the high for top arrow, and add it to the low to create the lower arrow.
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More accurately Top arrow $8,186 lower arrow $6,964.8, and for April top $,7,776.2 and lower $5,960.1.
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COPY OF MY MOST RECENT POST
#bitcoin downside risk limited Y/N
The position on the Stoch is not the same as the other times this year. The reason being that the MACD lines are already in minus/negative territory, and so is the Awesome Oscillator .
Could they indicate we get a quick bounce back from any new lows ? JUST AN IDEA.
NOT ADVICE. ALL DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Global markets impact...........
#bitcoin downside risk limited Y/N
The position on the Stoch is not the same as the other times this year. The reason being that the MACD lines are already in minus/negative territory, and so is the Awesome Oscillator .
Could they indicate we get a quick bounce back from any new lows ? JUST AN IDEA.
NOT ADVICE. ALL DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Global markets impact...........
Comment:
Copy of my new post going live next few minutes
#bitcoin critical here's maybe one stat reason to buy Y/N
Stoch RSI and Stoch start at overbought beginning of November 2017 like now. Can it repeat? Y/N News impact is so different.
More importantly with this stat maybe is that I was studying gaps between my coloured boxes.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
#bitcoin critical here's maybe one stat reason to buy Y/N
Stoch RSI and Stoch start at overbought beginning of November 2017 like now. Can it repeat? Y/N News impact is so different.
More importantly with this stat maybe is that I was studying gaps between my coloured boxes.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Comment:
Note: Stoch RSI has to hit zero then watch for volume coming in etc.....
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Just realised Stoch RSI will only update on my chart end of day. It's what happens when trying to analyse and work fast to get some ideas.
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The current low reached of $6,618.9 is approx. 2.618 the volatility between June 1st Low and June 3rd High.
Comment:
Copy of new post showing up next few minutes
#bitcoin one positive stat updated where next?
As previously posted:
Stoch RSI and Stoch start at overbought beginning of November 2017 like now. Can it repeat? Y/N Big news now so different.
Stoch RSI has now hit zero
The current low reached of $6,618.9 is approx. 2.618 the volatility between June 1st Low and June 3rd High.
Can it go lower?
Trump, trade, North Korea, Interest Rates, global markets impact?
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH
#bitcoin one positive stat updated where next?
As previously posted:
Stoch RSI and Stoch start at overbought beginning of November 2017 like now. Can it repeat? Y/N Big news now so different.
Stoch RSI has now hit zero
The current low reached of $6,618.9 is approx. 2.618 the volatility between June 1st Low and June 3rd High.
Can it go lower?
Trump, trade, North Korea, Interest Rates, global markets impact?
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH
Comment:
My latest posting showing up next few minutes
Copy
#bitcoin what's left to save?
Bitcoin -0.43% on its last legs? Time is running out Y/N ?
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
WARNING THIS STUDY CONTAINS A LOT OF BIAS.
Copy
#bitcoin what's left to save?
Bitcoin -0.43% on its last legs? Time is running out Y/N ?
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
WARNING THIS STUDY CONTAINS A LOT OF BIAS.