Patterns repeating over and over. In this look at COINBASE:BTCUSD we are having another rally which should stop around the 34k level which in itself is a major Fibonacci number (34). This should start the last leg lower into 23k where we have the 1.618% extension from the last low. If it manages to get through the 34k level and hold above there then 34k becomes...
Pullback in equities isn't hurting the odds of this play at all either.
S&P 500 Levels / 34 Mo 2500 / 500 Double Hull 2050 / 340 Mo 1250
You'll note the 34 pulls thru, the pricing data runs back to 500 Double Hull and that's the shove off for most direction changes as shown in this graph of IMGN... Expecting significant upside based on my daily momentum model. brschultz
Favorite MA's: 34 SMA 340 SMA 500 DOUBLEHULL
Like 2000, Like 2008, Like late 2015, and now...
Best Crashes have been the fruit of the 34 Day SMA compressing against the 500 DoubleHull MA in 2008. I believe we are currently in a bear market which will bottom in March 2020 - June 2020 brschultz
Guessing the 500 Double Hull MA is about to provide Powerful Support for the 34 day SMA here.. brschultz : markettimer777
I think we are in a bear market until March 2020 You can see from history the 34 has bounced off the Double Hull 500. We are approaching... will see if this ties out to my short term momentum model that i am testing ( maybe a Feb 5th peak for short term markets? ). brschultz : markettimer777
2015 S&P 500 Death Cross (34 wk SMA cross 340 wk Double Hull )
2015 S&P 500 Death Cross (34 wk SMA cross 340 wk Double Hull )
strong support weekly fibs 61% weekly bullish variation pattern MONTHLY EMA 34 PULLBACK GOOD ENOUGH FOR ME LETS GO