birdperson7

birdperson7

This is a very common pattern. First after establishing range, price tries for a fake breakout and dumps below the low of the range and then continues the trend. BTC is currently trying to enter in the range. It should see expansion for next 2-3 weeks. Target is 17k.

birdperson7 Updated 

Breakdown of 6k to 3k looks like a spring for this big range now. These are the three biggest resistances (6-7.5k block will act as support now). I am expecting a lot of chop ahead.

birdperson7

Gold has been consolidating in 1050 to 1370. Before making a move up it needs to test 1k support. Also, i think equity markets are gonna rip up, so it will be risk on.

birdperson7

BItcoin seems to have find bottom here. This is a distribution going on. 3320 was the lower high. Clean break of 4400-4600 will lead to a sharp mark up of price.

birdperson7

This could be a big distribution taking place in SPX. After breaking its Feb '18 lows the bounce has been really violent. Though its approaching really big level of 2800-2820. I would be really cautious at these levels if it gets there.

birdperson7

DXY rally seems like its over. 97 is a huge resistance and DYX has rejected this level. It looks like a rising wedge and I think it will be broke to downside. Target 1 is 95 and Target 2 is 90.5.