Macro View - Bear Testing - Waiting on confirmation.
Updated
So, bulls have not yet capitulated and for a good reason.
We are still in the bull market.
However, if logic dictates from previous price action of 2016, we are about to test 230 AGAIN!
Cause, probably bad or horrible ER. Or political nonsense from Brexit, or whatever it maybe.
After we do HIT that 230 again, things will get extremely interesting.
At this point in time, the world is going to have to either come together >> NOT happening thanks to poor leadership on every political spectrum. This is if the problem is political.
Bears need to look for a STRONG bear candle on Heikin Ashi on a 3m chart, as we see, there should be NO high tail. So far we are only playing with the idea of a bear market. However, Bulls will need to admit defeat quickly, or suffer some serious consequences.
It is very possible, we may have a some kind of repeat of 2016, where we had a double bottom effect that launched us into crazy bull rally.
Therefore, BEARS also need to be cautions, and have their brains about.
Now, i have created as many FIBs that i think are reasonable.
Moving Averages is 20,30,50, 100 anything above 50 is unreliable on this chart.
I see a lot more similarities with 2016 due to volumes as well.
I know, everybody loves, my HELL and machine predictions, but really guys, Trend line is about to be broken in a very volatile way!
When trend lines are hugged like this, after such a long rally, never a good sign for anybody. However, it is possible like in 2016, that we will bounce back, but yet again, the difference between 2016 and 2019 are insane!
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you,
Ajion
We are still in the bull market.
However, if logic dictates from previous price action of 2016, we are about to test 230 AGAIN!
Cause, probably bad or horrible ER. Or political nonsense from Brexit, or whatever it maybe.
After we do HIT that 230 again, things will get extremely interesting.
At this point in time, the world is going to have to either come together >> NOT happening thanks to poor leadership on every political spectrum. This is if the problem is political.
Bears need to look for a STRONG bear candle on Heikin Ashi on a 3m chart, as we see, there should be NO high tail. So far we are only playing with the idea of a bear market. However, Bulls will need to admit defeat quickly, or suffer some serious consequences.
It is very possible, we may have a some kind of repeat of 2016, where we had a double bottom effect that launched us into crazy bull rally.
Therefore, BEARS also need to be cautions, and have their brains about.
Now, i have created as many FIBs that i think are reasonable.
Moving Averages is 20,30,50, 100 anything above 50 is unreliable on this chart.
I see a lot more similarities with 2016 due to volumes as well.
I know, everybody loves, my HELL and machine predictions, but really guys, Trend line is about to be broken in a very volatile way!
When trend lines are hugged like this, after such a long rally, never a good sign for anybody. However, it is possible like in 2016, that we will bounce back, but yet again, the difference between 2016 and 2019 are insane!
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you,
Ajion
Note
If you complain about lines, let me show you what i had beforeNote
I am going to speculate here and say that market might not react all that favorably, because the MARKET already knew there was not Fing collusion.Note
AH, printing lowerNote
Daily is still bearish. Close is still lower, bar is undecided further weakness is very possible. Check 220 puts for June some body already either protecting or betting big there. As long as spy is below 280 I am accumulating puts.Note
zerohedge.com/news/2019-03-25/foreigners-dump-most-chinese-stocks-record-rally-fizzlesSo this should escalate quickly enough
Note
280 is so psychologicalNote
Top just form here, I have serious doubts that we b going to see 290 in this QuarterNote
281.425 = 111.11 odd number to print. Did machines just confirmed the absolute top? Let's see
Thank you for your support in my efforts to better understand: financial chart behavior and Fractal Universe.
twitter.com/Puniks_
twitter.com/NexusWars_
ajion.org
twitter.com/Puniks_
twitter.com/NexusWars_
ajion.org
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.