BTC Update Sunday EditionIt is what it is. More boring Price action, they sell to target and we go up. There is nothing hard to understand about this.
If that is difficult for you to understand, then good. Watch the video and listen. I make 18-20 minute videos regularly not to say what I think is going to happen, but to EXPLAIN why I think it will happen and how I analyze.
I may have looked at DXY wrong in assuming that there is control over where it can actually start the new week. It seems that there is no influence to where it starts from past history. (I need to triple check though.
So assuming that I still think the DXY will be bullish on open, but most likely reject at 103.188.
I suspect we open at 102.6, drop to 102.25 and then go to 103.188 and reject. Starting the next week under 102.25 and sending the dollar towards 100 buckerinos. I pray for no overselling that turns the dollar into the reversal it started in late July.
Doublehull
BTC: The Not-Peter-Schiff-PitchforkIts a good video to skim through and see if you like this Schiff Pitchfork's placement and values and take the values and use it for yourself. That is what would make me the happiest.
I think on the 4hr and 1hr BTC looks ok-good, but on the other timelines it looks horrible. We are near the main trend line. It historically has come back to this line to touch when it comes down.
I would think it normal to see the neckline of the head to form its base around a dip between 34-37k and forming a new base for upwards movement there.
Moving up from here whiteout a dip only worries me at the green line (around 47k-47.5k at the moment).
It has upwards movement as I post this, but I remain skeptical on its strength.
The 34 Period SMA & It's Relationship to the 500 DoubleHullYou'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
The Question: Will S&P 500 4HR 34 SMA reject @ 500 Double HullI 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