Haymaker

Haymaker

"We can evade reality, but we cannot evade the consequences of evading reality" --Ayn Rand

Haymaker

I think there are spots on charts with more "gravity" than others, I've named them

Haymaker

...

Haymaker

Just having some fun, lets call it "Fictional Analysis".

Haymaker Updated 

I wanted to add more lines but got tired. I think things are looking pretty bullish but there is a lot of resistance ahead. A fake-out and stop run fiesta is coming up, but we'll go up once things settle and the weak hands are out.

Haymaker

We're doomed, the dead are upon us, we're looking at a retest of $3000 basically, winter is here!

Haymaker Updated 

Converging lines of resistance, fib extensions, the top to a large channel ... there's lots going on to be bearish about. Not to mention the need to test 4K psychologically is strong. I'm staying out for now and just observing. With month end coming up - that will wrap up the largest bull run in the history of monthly candles - I'm going to just observe what happens.

Haymaker

We have three possible scenarios the way I see it.

Haymaker

A fast drop, an expected drop -- its over (I think). It looks like this is part of a large channel and I expect to see a return to former all time high, soon.

Haymaker

I'm staying out of position for the moment, to see how this develops.

Haymaker

1 - 50% of the fall from the recent top of 1166 2 - 0.618 Fib extension of drop from 840 - 910 3 - Fib channel from the bounce at 735 4 - Strong local trendline

Haymaker

I think we more likely have some down to play, to the 400's. Then, kind off a coin toss after that. But I think there is much more up potential and less room south.

Haymaker

I don't know if this makes sense but it sure is pretty

Haymaker

Consolidate and then up.

Haymaker

Very short term (inter-day) buy and sell zones.