Still struggling to break to a into a positive Gann fan channel using the lows from current rally. It's in the 2/1 channel from the pinnacle downtrend fan, but that's pretty weak sauce really.
Enjoy.. this chart is created on a UWQLED screen and doesn't translate well to normal 4k proportions but I'll try to drop an image that size below.
Enjoy.. this chart is created on a UWQLED screen and doesn't translate well to normal 4k proportions but I'll try to drop an image that size below.
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Bad time for a downward cross near the top of the 4H MACD.
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However. This 100 day CCI seems to have double bottomed on the 0 line, hit it again after the peak. Then crashed through it and it is trying to correct itself again as we speak.
If crypto is a viable vehicle.. and imo, it is... then it should return to zero and with all the MA convergences it may hang around in the yellow for a good while. Or it could go moon, setting up for another big correction next year.
I think it all comes down to tonight.. do day traders wake up to a major crash and everyone gives up? Or does it manage to hang in between the 50 & 200 MAs for long enough to survive and let us all set up for another fall media blitz inspired moonshot?
Flip a coin, I did!
If crypto is a viable vehicle.. and imo, it is... then it should return to zero and with all the MA convergences it may hang around in the yellow for a good while. Or it could go moon, setting up for another big correction next year.
I think it all comes down to tonight.. do day traders wake up to a major crash and everyone gives up? Or does it manage to hang in between the 50 & 200 MAs for long enough to survive and let us all set up for another fall media blitz inspired moonshot?
Flip a coin, I did!
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Prediction: 03:15 EST.
Effect: Cascade failure
Effect: Cascade failure
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BTC Moon has entered the hammer zone! Rember .. 03:15 EST.
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Next support is 8640.. but it's a weak one.
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I call this one "Blood Moon Rising"
Fell below the rally fan and back to riding the 1/1 line of the sub-rally.