this lines are showing different resistances and supports, also keeping an eye in the lines from the descendent pitchfork (idea previously published) As we can see, the previous dump didnt break the EMA Ribbons on the daily graphic. The blue arrow is showing the day of the halvening so we can have a clear view of how is BTC developing after this.
Similar setup for the GU, as you can see it is forming a "Head and shoulders pattern" (I don't trade chart patterns) . Price is moving in a very organized way and that's curious to see. Hope you like me analysis even though it is hard to understand xD. Feel free to ask me anything about my analysis :D.
Majority of the market is being sold, including gold and silver. It seems people want cash and cash only. Fundamentals will cause another dump in the coming weeks or months.
Detail @ The Chart P/S XXXJPY pairs have found based as well..
Short Gold for completing leading diagonal. SL @ 8 May '19 hi, TP @ around 1255 Charts consist in 3 Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed/How "fast" price travel according to time )
P/S There was ONLY 3 subwave ( abc ) inside any Impulsive 1,3,5 wave instead of 5....... Use your preferred mechanical system for your entry confirmation ...enter from lower Time Frame than the chart setup .. E.g ADX . . DM crossover etc... STOP LOST will be previous swing point after the entry signal generated by the mechanical system.
P/S There was ONLY 3 subwave ( abc ) inside any Impulsive 1,3,5 wave instead of 5....... Use your preferred mechanical system for your entry confirmation ...enter from lower Time Frame than the chart setup .. E.g ADX . . DM crossover etc... STOP LOST will be previous swing point after the entry signal generated by the mechanical system.
It has been written, No changes are necessary.. BTCUSD is Back on Track and targeting more upside.
all technicals line up