sriphoenix

sriphoenix

Sellers showing signs of exhaustion as a noticeable bullish divergence continues to develop. 1. Momentum is on the rise. 2. 1.272 fib level held as support - same as 2013 pause before 2nd big leg up. 3. Downtrend line is being tested again. Temporarily broke through, though it will likely pullback. 4. Sitting above the 20 EMA for only the 2nd time in almost two...

sriphoenix

BTC showing signs of life as bulls make a quick climb from 31k to $38,500. This was an anticipated rebound into the symmetrical triangle before demand breakdown. Another lower high, but lower support zone has held so far. Evening star/DOJI formed near the apex of the triangle. Expecting short term pullback in the 32-34 range. Aggressive longs may reenter after a...