Disclaimer: I am not associated with Armstrong Economics in any shape or form. BTCUSD closed March under $7026 thus electing a very bearish Monthly reversal level. The likelihood of going down to the 4th reversal at $2972 is very real and it can also go extreme further down to test the lower $1910 and $775 area. Also, Socrates is indicating CAUTION WATERFALL...
Disclaimer: I am not associated with Armstrong Economics in any shape or form. On the week of January 27th, BTCUSD broke out in an attempt to achieve a new ATH but it failed miserably. On the week of February 10th, 2020, it stopped exactly at the previous lower high set the week of October 21st, 2019. Now that the month of February has closed, Socrates confirmed...
Disclaimer: I am not associated with Armstrong Economics in any shape or form. BTCUSD market appears to be entering a Phase Transition that COULD potentially take it to new ATH very quickly and the importance of the timing cannot be underestimated. It reversed the analysis from last week so I was forced to post an update now because Socrates picked up the...
Disclaimer: I am not associated with Armstrong Economics in any shape or form. *** Most of my previous ideas were hidden because I violated house rules of promoting an external link. I had no idea it was a violation and it was unintentional *** Perhaps this will be my last post for a little while. The major Economic Confidence Model target, the start of the...
Disclaimer: I am not associated with Armstrong Economics in any shape or form. *** All my previous ideas were hidden because I violated house rules of promoting an external link. I had no idea it was a violation and it was unintentional *** Excellent entry point for a SHORT position at $8800. BTCUSD must close today above $9045 to continue going higher. Because...
Disclaimer: I am not associated with Armstrong Economics in any shape or form. *** All my previous ideas were hidden because I violated house rules of promoting an external link. I had no idea it was a violation and it was unintentional *** Socrates computer has identified that the Daily TEMP HIGH is in place at $9000 and we also have TEMP HIGH at the Monthly...
Disclaimer: I am not associated with Armstrong Economics in any shape or form. *** All my previous ideas were hidden because I violated house rules of promoting an external link. I had no idea it was a violation and it was unintentional *** Socrates computer has confirmed that on the Daily level BTCUSD is approaching a TEMP HIGH, meaning this current breakout...
This was the biggest bull trap in BTC's history which is quite remarkable considering the insane volatility. As soon as BTC closes a month below $7000 either on November or December, the next stop is $3700. I have a SHORT open with a probability to go keep it open through June 2020 to a possible $1000 area, perhaps, we'll see. Be safe!
Fireworks coming in 12hrs to 48hrs... Use protection :-)
We officially elected the key Socrates monthly bullish level at 18625 for November. Now watching for a pullback to this level to jump in and add to my mini position. Major resistance bank awaits at 20764-21252
$GC1! has pretty much proven the 2016 rally was just a reaction high. We'll have confirmation if we close year end below 1307. A close below the 1179 quarterly bearish for year end would raise the probability of new lows DRAMATICALLY. Would be great value if we could get a pullback to the previously elected monthly bearish level (1242.1) and 50/60 ema. That move...
We closed above the all time high at the end of July signaling MAJOR bullish sentiment. We came back to retest that key area over the past week and then closed out this week with a nice low test in that area. Key Lines are based on Marty Armstrong's Socrates model.
We should have a fantastic opportunity to buy gold down at 1315 next week. It appears very likely that we'll be retesting key resistance that is now support (2015 high @ 1307) with our last quarterly closing above that. Watch for deceleration and a rejection of the 50/60 ema, bottom of bullish penant, and 1307-1315.10 area. This should coincide with an oversold...