will an accumulation phase begin now and end with a late April/ early May reinvigorated impetus along BTCUSD's ''planned' parabolic store of value conflationary vortices, into which there are varieties, spanning reconcurrecy noise between crosscurrent, clockwise up/down, anti-clockwise up/down, and others, from the realm of light and bells equivalence... what does...
The market is making an attempt to rally, but we will need to violate this repeating pattern if we can expect any upside from here. Otherwise, it's just another good entry for short positions. Why buy an overpriced market if holding cash would yield positive with no risk of entry or exit?
Here are some sentiment metrics and things to keep in mind, some technical...
I have actually had this fib pulled for quite some time now but the damn this just won't tag the yellow line (88.29). Id be long on the dollar if it could get to, or under 89 but so far it looks to keep me waiting. My guess is over the long haul we will see a pull back to the green line and then another long period of time as it travels back down to the yellow...
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Happy Monday!
Little late start on the write up this morning. I'll be brief with what i'm seeing.
-Bears held down bulls on Friday
-Gap up this morning is bullish, but below the golden line makes it suspicious
- Plugged in a weekly channel thats noticable
-...
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Happy Friday!
Yesterday was pretty uneventful. But it shows the bears are in control today.
Think about it this way. The bulls had two days to break price level. They got stopped. Now we have a lower high on the hourly. The break out around 330 left a large gap,...
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Happy Thursday!
What to say about yesterday...Part bear trap, part bull trap, all antics. I got tricked on yesterday like many others. What's the takeaway? Market still wants to continue up.
Bulls are looking to target the 340 mark
Bears looking for...
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Happy Wednesday!
Bears worked down into the gap. Didn't get the complete fill, but it's coming. Market makers enjoy creating these gaps and floating around before dropping again. Starting to become a little too noticable.
Anyways, bulls broke out of a downtrend...
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Happy Tuesday!
Bulls worked to keep their gains from the gap up yesterday, but will it hold? Bulls are inbetween a rock and hard place. 335 is gonna pose a challenge upward, and 332 is where the bears like to show up. Still got a gap open and somebody somewhere...
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Happy Monday!
Bulls are working their way back up the breakdown candle starting last week. 330.85ish is what the bulls need to stay above to continue their climb. Expecting that the breakdown level of 333ish start getting tested again, since they didnt do it last...
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Happy Thursday!
Quite the meltdown yesterday. I wasn't anticipating it going to the 322 range. But this area is slightly contentious. What's some of the possibilities?
Bulls could play heavy defense around 320.5ish. They would need to hold this area.
Bears...
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Happy Wednesday!
Yesterday bulls worked a slow steady climb to the big 330. Looks like 332 is the target. This was the beginning area for the breakdown and should pose a nice resistance on the first test. Gap has been filled so the remaining gaps are few and far....
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Happy Tuesday!
Yesterday seemed to be a double shake out. Bull trap falling knife all day until the bear trap into the last hour. Everything is going to plan for a pullback to retest the breakdown area though. Looking for the big number test of 332.75. May or may...
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Happy Monday!
Bulls getting worked over by the bears at the moment. Made the comment on Friday that we should have expected a breakdown soon. Gaps were on the mind and that's where we have ended up going.
Next gap to fill is 327.73-326.66
If market opens below...
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Happy Friday!
Looks like yesterday was a fight for the bulls. Started with a buy the dip crowd. Went on a sell off to the golden line 332.8ish. Then finished with short covering/buy the dip.
How would the market paint the chart today?
Closing above 336.8 is the...
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Happy Thursday!
Fed always brings interesting developments. Bulls got the rejection trying to push 342.5 again. What stands out to me is the timing and intensity of yesterday. Everyone was prepared for the speech, market was priced in on the news, the expected...
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Happy Wednesday!
Met with another late save by the bulls yesterday, what could the market be planning? It's the notorious 'hump day', which is coming with a nice surprise, Fed talk. 1800GMT = 2:00pm EST
How convenient, 2 o' clock drop crew enjoys appearing...
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Happy Tuesday!
Yesterday was a bull rescue of a day. Today is a make it or break it for them now. What's the crystal ball saying?
Bulls Case:
Working back up to the breakdown candle 342.5
Saved a bull trap unfolding yesterday
CAHOLD (Close Above High Of the Low...
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Happy Monday!
Last week had a couple trap days and gap fills. But what's the path forward saying?
The daily shows the pattern of an attempted pullback, but it was promptly squashed. It's not an easy call for this week, but here's some things to consider.
Bulls...
