another way to draw this is as a big down channel (pink) and it currently test the midline. A breakout could get tested at the top line (around 70k) by 21 July. 5th attempt at breaking this line is likely to succeed.
Читать полностью…2M chart. A monthly close here would be more bullish than bearish. Failed to confirm the gravestone doji but also failed to make a new all time high. Although the current candle is green it's a bearish candle because of the long top wick. Bulls have managed to make it look less like a bearish gravestone doji.
Читать полностью…the 167 daily MA has been a consistently reliable indicator since 2010 with near perfect support/resistance bounces. 167 comes from Saturn (orbits around the Sun every 29 years and 167 days).
Читать полностью…trendline broken on the half moon. Needs to get above the 61.8k or 63.3k for confirmation of further upside. The pink moving average line where it bounced from is the 167 daily MA this one is very reliable.
Читать полностью…you get both the RSI and MFI bottoming at the bottom of a bullish divergence pattern
Читать полностью…Most likely IMO: 11-12 July, 21 July, possible but less likely 15 Aug, 25 Aug, 17 Sept. If these are not breakout dates they can be reversal dates from either support or resistance levels. 11-12 July is looking like a key date (breakout or reversal) because of extra confluence. All I do is estimate some key dates then wait for something to happen. If not I look to the next date.
Читать полностью…Drawing this as a Bull pennant (triangle thing) with some basic Elliot wave analysis. Possible breakout dates 21 July, 25 Aug, 17 Sept. Target move from 17 Sept matches 1.618 extension perfectly at 95k. 105-110k region more likely (1.618 x extension from '22 low).
Читать полностью…If this doesn't end up as another wick, there's a good chance the bullish breakout is happening I guess
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