CryptoGalleon

CryptoGalleon

.95 Pearson R on the Linear regression fit since February. This train seems to know where it's headed.

CryptoGalleon Updated 

I'm very bearish at the moment.

CryptoGalleon Updated 

See that compression occuring? Like a coiled spring we will soon break out. Up? Down? The magic 8 ball says "Ask again later" I've boxed the likely next zones. note: I must have accidentally nudged the resistance line at the top; It's suppose to be on the psychological 4000.

CryptoGalleon Updated 

That dump hurt, but we bounced at the orange 26 EMA, which also happens to be nearly inline with the red 50 EMA! If the desire is to have already locked in our bottom then we need to stay on this side of those averages. Drink up me hearties yoho!

CryptoGalleon

Unlike the last flag, we're not going to bang our heads against the psychological 4000 for long. Either we bust through and sail on to the next resistance, or people are going to start selling into the weakness and we'll head back to the prior pivot where we last accumulated. The bullish scenario sets us up with a higher high, and a potential for more legs...

CryptoGalleon Updated 

Looks like a channel to me. Will need to watch this downturn for a bounce.

CryptoGalleon

Don't lose sight of the bigger picture.

CryptoGalleon Updated 

Are the bulls losing steam? Probably.

CryptoGalleon

It seems some big players are helping keep bitcoin riding the current channel. I can't help be think we've been here before... So the question is, when do we hit the shoreline and then have to paddle back out to sea? That 9700ish mark seems to be a spot to watch.

CryptoGalleon

Bounce or break on through to the other side?

CryptoGalleon

BOING!

CryptoGalleon

Grab your favorite oscillators and come surf these waves while you can!

CryptoGalleon Updated 

The best predictor is historical trends. I'd WATCH for an small upturn here shortly, followed by a bigger drop back into the mid 6000's.

CryptoGalleon

Did we bounce off the bottom twice in the past couple days?

CryptoGalleon Updated 

I was attempting to share how well RMI sniping is currently working on the 1 min charts, but trading view wont allow me to share ideas for anything under 15min... So here it is in 15 min... trust me it's much nicer on the 1 min.