CinnabarDragoon

CinnabarDragoon

Hide yo kids. Hide yo wife. Hide yo wife’s boyfriend. For the past few months I’ve been looking at the state of economies. Especially in China, damn u satan ugly. First it was a housing crisis and now its a banking crisis. Basically China stole the idea behind the 2008 crisis (Made In Gina). So uh, I'm thinking this little bull rally "hypothetically" is just...

CinnabarDragoon

Short term long, then longer term short. Like zoink scoooobs. Ruuuuh rohhh raggggy.

CinnabarDragoon

So I charted a diamond formation that broke down on the 30min. The price bounced off of a previous low (2nd lowest from first pennant low) of around 31k. It then went up to form a rising wedge, which weirdly I found out crosses almost perfectly with the front of the diamond…..bullish or bearish? Idk but I might lean more bearish as its a rising wedge trying to...

CinnabarDragoon

RAGGGGYYYY

CinnabarDragoon

Row row raggy

CinnabarDragoon

Another falling wedge. Bullish reversal?

CinnabarDragoon

Yeet Yeet Skrrrt Skrrrt

CinnabarDragoon

Looks like GRT has almost completed a cup & handle reversal pattern. Only thing it has left (fingers crossed) is the reversal part. To do this it would have to break and stay above the 0.45 level.

CinnabarDragoon

Looks like GRT has entered into what appears to be a falling wedge. Any breakout would have to overcome 0.42 - 0.45 level.

CinnabarDragoon

Possible bottom diamond formation, leading to large move upward? The diamond has 2 possible shapes of a larger or smaller rear triangle. This is the larger one.

CinnabarDragoon

Looks like it broke down below ~0.53 support and “bounced” off the lower trend line. If it falls through, next levels are much lower, potential of turning into downtrend again.

CinnabarDragoon

A couple hours ago, GRT broke up from a downward trend line. I’m very new to market analysis, but I marked 2 possible upward trend lines. The steeper one was recently broken, which I’m thinking leaves the lower trend line as a possible fallback position. I haven’t looked much for horizontal supports or resistance, but what do you think? Please Comment Below