Are we about to hold support on the 61.8% level of the logarithmic growth curves? Time will tell
Bitcoin is having a correction after interacting with the stock the flow level around the 60 K region. I'm looking at potential support around the 21 EMA (yellow). The price could potentially dip down to the middle of the logarithmic growth channel as well. Let's see how this plays out.
Seems to me that btc is struggling with 60k due to the stock to flow indicator currently being at this level as well.
I am Publishing this for my own personal record. I see a potential bullish reversal zone for the S&P at around the $315 range. This is due to the possibility of the 21 weekly EMA and the 61.8% fib level acting as support. Lets see if it plays out.
Bitcoin seems to be bottomed out at the bottom of this logarithmic growth curve. Meanwhile the stock the flow indicator (orange) seems to be spiking ahead of the having. I don’t anticipate reaching all time highs In The year 2020. However I expect the price to follow the Upward sloping bottom of the log growth curve until early in the year 2021. This would be...
Could this be a bullish reversal hammer candle? Im biased toward more downside but perhaps i could be wrong. what do you think? #notanexpert
It looks to me like we may test the 200 weekly ma before or slightly after the halving. Perhaps we shall see a significant bounce from there following the halving. Keep calm and HODL on.
Huge gap up on Tesla stock fallowing earnings report released after hours. possible medium term short opportunity. What do you think? Leave a comment.