YellowRaincoat

YellowRaincoat Updated 

You will probably never get a more certain buy in range when buying below or on, the 200 week moving average. Since it started tracking in June 2015 its been a great indicator of a correction or bearmarket bottom. I will wait and see if the current draw down reaches the 200 week MA this year before building positions.

YellowRaincoat

I'm confidant in luxury fashion, it will bounce back soon.

YellowRaincoat

Markets have one out, the Beveridge curve, if US employment remains strong then markets can recover quickly. If we see a sharp drop in job vacencies, higher unemployment, and continued rate hikes, a further contraction in US equities will follow. This will drag down Cryptocurrencys given they too are traded as risk-on assets. Not risk-off assets as people...

YellowRaincoat

1D Higher lows was very bullish. However its broken now, our first official lower low on the daily. Color me bearish.

YellowRaincoat

Not advice!

YellowRaincoat Updated 

After having successfully completed a Monthly close above the requied $13,100 I expect BTC to play one of two scenarios. Scenario 1: Given the strength of the 'expanding cycles theory' Btc will spend approximately 16 Months before reaching the top of the next market cycle and concluding the bull market. This would be around April 2022 . Scenario 2: A...

YellowRaincoat

Got to close above 13.1k USD. Otherwise we could see a very long and drawn out bear market extending up to 4 years. Watch the next 1-4 monthly cloese for a good signal. Thanks BITSTAMP:BTCUSD

YellowRaincoat

Not even close to the 21 week movning average.

YellowRaincoat

Seems increasingly clear Bitcoin corrects over 14-18 week periods.