wurucututu

wurucututu Updated 

We've been — for quite some time now — inside this (log scale) channel where bull runs or re-accumulations are decided. You may look at it like the price action has requested for a time-out. But, like in Basketball, the time-out is short not lasting forever. The way I see this, the channel can be divided in two sub channels: one red on the bottom, and one green...

wurucututu

We've been — for quite some time now — inside this (log scale) channel where bull runs or re-accumulations are decided. You may look at it like the price action has requested for a time-out. But, like in Basketball, the time-out is short not lasting forever. The way I see this, the channel can be divided in two sub channels: one red on the bottom, and one green...

wurucututu Updated 

If that's the case, 0.3 might be in the cards and a good place to look for adding. Damn... this can't be unseen now. This is my own research and is not intended as financial advice.

wurucututu Updated 

The Good There are short and midterm indications that we're probably in the beginning of a bull market for BTC. Above the triangle which took years to form (black line) Tested the top of the triangle with several daily bars with wicks confirming this as support (black box) Support again on the fib. 0.618 and border between the green and red channels (nb....

wurucututu Updated 

50-day MA breakout just happened. Good support and possible good target for long represented by the green circle area. Technicals for support theory The 200-day MA and fib. retracement levels: 0.5 - 0.618 Area with high volume (VP) Still way to go to RSI 30 (like in March) This is a follow-up of the following idea (published on Sept 7th) This is...

wurucututu Updated 

This my conservative view of a "sh*t hitting the fan" scenario for gold. Let me know what you think.

wurucututu Updated 

Will 1729 USD act as resistance and RSI (hourly) go further on oversold territory? I believe conditions are met to get there on the short-term. Let's see how this goes. More information on the longer term, can be found on this idea:

wurucututu Updated 

The 2020 BTC halving helped pushed the price higher again but it didn't pierced the major downward trend line that begins since the all time high in 2017. I still believe there is a good chance it won't in the short term, which could present all with a good opportunity to buy at lower levels. Major trend line resistance that goes back to 2017 all time high ...

wurucututu Updated 

"60 minutes" interview with the FED chairman Jerome Powell on the short term might have had a stronger positive impact on stocks than on the growing certainty of a snowballing effect on inflation which would be a good case for piercing the greater resistances ahead for Gold on the mid/long-term (ie. 1800 and 1900). Confirmation of resistance @ 1740 USD and 40...

wurucututu Updated 

It looks like this could break support at around 1729 USD. This is the continuation of a previous idea

wurucututu Updated 

It may look like the "60 minutes" interview with the FED chairman Jerome Powell helped pushed the price higher, and to some extent it may have had an positive impact on price. But the question remains: will the 1800 wall be pierced in the next few days? I still believe there is a good chance it won't (at least for the short term) which could present all with a...

wurucututu Updated 

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wurucututu Updated 

Could this be a lower high?

wurucututu Updated 

This is the extension of another idea that was born by spotting a gravestone doji on the weekly chart. There is a bearish divergence on the RSI (dashed line). Also a possible bearish MACD crossover seems to be on the way. The targets I'm looking for are: fib .382, .5, and .618. What do you think? Let me know if you disagree.

wurucututu Updated 

Weekly a gravestone doji on the weekly with considerable volume target : BB middle band which lines up with the fib. retracement levels of .5 and .618 Daily a 3 day resistance around ~1730 bearish divergence on the RSI possible bearish MACD crossover coming 4h A breakout downwards of the ascending wedge

wurucututu Updated 

ascending wedge in red 4h 200 SMA as resistance 4h RSI and MACD divergence forming possible descending wedge in green (bullish) possibly revisiting the 2018 Q4 ~ 2019 Q1 channel

wurucututu Updated 

Black channel: - main uptrend channel - in play since 2013 - currently testing the top as resistance (weekly) or (probably) as support (daily) Green channel: - stronger uptrend channel - in play since 2018 - still in play but it looks like a smaller downtrend channel is forming inside (red channel) Red channel: - downtrend channel - possible LH on .786 fib....

wurucututu Updated 

ascending wedge in red 4h 200 SMA as resistance 4h RSI and MACD divergence forming possible descending wedge in green ( bullish ) possibly revisiting the 2018 Q4 ~ 2019 Q1 channel