MichaelHenke

MichaelHenke

I'm looking for BTCLINK to bounce of the 60d MA and continue to ranging pattern upwards.

MichaelHenke

THETA is currently resting around the 30 day as support. If BTC rockets another leg higher, we might be coming down fast and hard in the direction of the 60 day or lower.

MichaelHenke

UNIBTC will probably move sideways for the next few days. The danger zone is going to be below the red trend line. If we break below red and stay for longer than 48 hours, the bull cycle for UNI might be over.

MichaelHenke

BATBTC is currently in a few days accumulation phase. If we can bounce off the orange trend line, we are heading for another leg up for BATBTC at least until we hit the green trend line above. However, if we confirm below orange, the immediate bull cycle for BAT might be over. If it drops below red, this years bull run might be in the bag for BAT and relies...

MichaelHenke

LINK/BTC peaked and is heading for the next trough.

MichaelHenke

Bitcoin is setting up for a leap in to the new week.

MichaelHenke Updated 

Will bitcoin follow the pattern? And what will it be called? #ButtCheecks

MichaelHenke

For a couple of times now bitcoin shot straight up when it hit the blue trend line. Will we see this trend continue?

MichaelHenke Updated 

Since we broke out of the wedge and just snapped back to former resistance levels without breaking through, maybe in the short term we are moving in a narrow downward channel? I'm trying to estimate the date at which we will have to fill the gap... Thoughts?

MichaelHenke

Will the recently formed bear flag signal the next gap fill? If so, we are testing between $7200 - $7500 if you ask me.

MichaelHenke

I'm not trying to predict which way it is going... (To be honest, I would be fine either way but I'm open for an extended consolidation period to quite down all the hype) but in my opinion it looks highly likely that we will have a breakout from the zig-zag pattern of the last couple of days ahead of us.

MichaelHenke

JNJ seems to have weathered the immediate storm resulting from the news around the asbestos. The MACD looks promising and the trend currently holds at the bottom of a very long term upwards channel. However, JNJ shall not break down below the lower channel boundary for too long to stay the course.

MichaelHenke

I see many people asking about acquiring F because it is sub $10 now and it might be a good time to buy. Baring any significant news event, I don't think Ford will turn around long term.

MichaelHenke

Will BTCUSD find support at this key level or get rejected once more? The current rate is closing in on the 30 day TEMA while it tries to break out of the upward trend channel. In mid-February we found support at this level but have been rejected just yesterday. The chart is also about to bump up against the big downward trend channel that has been a key...

MichaelHenke Updated 

We broke into and below both downward channels and fell through a key resistance level. If we don't see some green 4h candles next, the way down to 8500 and even further below to 8000 seems wide open.

MichaelHenke

I think the most of the price action has happened for today and I expect some sideways action for the next 4-6 hours before we will see our next decision. Which way it goes, nobody knows. 2 small green candles on the 3h chart will fit the current pattern perfectly and might form a bear flag. Overall still bearish on BTCUSD short. Good night!

MichaelHenke

Bitcoin is at a key level in an area that crosses 3 channels and the heavy resistance. If it breaks down below the resistance the way seems wide open downwards inside the blue channel.

MichaelHenke

I'm looking to get into POWR given its recent rally. I'm trying to find a reasonable spot how far it might correct after the most recent run. Thought? The current short term plan is to wait for tomorrows NEO related announcements and take some partial profit. The profit would go straight into investing in POWR.