eddicus_rex

eddicus_rex

It certainly appears so. Keep in mind that February's and so far March's pivot have been missed on this move up. A macd cross down, which does not appear to be happening anytime soon, and divergence along the rsi and stoch at around this level, ~.039, could signal a possible move back down. But, it could also go all LTC on us and shoot on up to $40, and beyond?...

eddicus_rex

With the apparent bounce off of 2760 earlier today BTC appears that it might be forming a descending wedge that would have begun with the high on 2/21. To strengthen this possible bullish view, the wedge could possibly serve as the handle to the cup which formed at the beginning of the year. Price might continue to grind for the next few hours however, as while...

eddicus_rex Updated 

At the trend line from the all time highs and November highs. It's going to break it. The question is, will it do it now or pull back a bit first.

eddicus_rex Updated 

Price is looking a bit heavy up here at the moment. There could be one more drop down to test S/R at 0.007 and a tap of the 400 MA. From there, the flag should be complete and the advance should resume. The daily chart (not shown) shows that the RSI and Stochastic still have some room to fall. Good luck all.

eddicus_rex Updated 

Stochastic and RSI are beginning to diverge as seen below on the one hour chart. While the the indicators are also moving into over bought on the higher time frames, divergence has yet to set in. Be careful if looking to get short, BTC might have one more power move up before divs set in on daily and four hour and the resulting move down.

eddicus_rex Updated 

Before gold continues down with its retracement. Im looking to get long while it seemingly forms a bear flag. Entered at just over 1202 with stops beneath the recent lows. Targeting 1220.

eddicus_rex

Strong bullish divergence both on the short term RSI and long term stochastic ahead of the OPEC meeting. All price needs to do is break out of the descending wedge. This could go aways if it is indeed ready. The 100 EMA is at 37 and the 200 is at 43.

eddicus_rex

BTC is approaching decision point.

eddicus_rex

Compound bull div even up here...

eddicus_rex

DXY appears to have fallen into a second bigger structure after falling out of the bear flag on 2/3. Might be time to long some USD pairs on it's way up to the top of the structure. Once there, doom will resume. Additionally, bullish div has appeared coming off the low from 10/15/15.

eddicus_rex

Classic H&S forming on oil coupled with a bounce off the pivot, stochastic cross over, and bearish divergence. Took a market entry short. Will follow the reaction at the neckline at ~ 29.5 hold for possible break lower or exit.

eddicus_rex

This may be a bit premature as we don't yet know where the current 4 hr candle will close and the stochastic has not yet rolled over. However, it appears that divergence is setting in along with a possible double bottom indicating a potential reversal. Bulls are currently putting up a bit of a fight around 360. This, coupled with uncertainty in stock markets could...

eddicus_rex

Price has just hit the 61.8% retracement on the wave down from 9/5 to 9/22. Additionally, price has passed the weekly pivot without touching the weekly pivot. It has been ages since price has passed the weekly pivot without touching. Look for it in the short term to head back towards the pivot at approximate ~ 231. Entry - Market short SL - 241.5 Short term...