Bearborn

Bearborn Updated 

Wedge getting tight, fib levels looking about complete, and reaching previous triple top resistance.

Bearborn

This is where bulls need to come to the rescue. A H&S pattern has been painting over the last days, and we are now reaching the neckline. Breaking the neckline could result in a drop below some important support levels. Bulls either bounce this here, or we will make lower lows with very high probability. Use stops if you are trading this, this could get shaky.

Bearborn

BTC volume has completely drained throughout the year, with prices consistently staying above 6000USD, but the highs being pushed down. A classic falling triangle, which obviously is no good sign. Volume being drained from ATH, indicates a lot of "HODLers" are still left in the market, not adjusting their positions. This is most likely about to change, with a move...

Bearborn

A chart says more than a thousand words...

Bearborn

BTC shorts are pretty much at an ATH. Regardless, recent price action has been bearish, with a weak "relief" rally after the ETF announcement, as bulls hope this is the end of bad news. The previously describes H&S pattern is still in play, in addition to an equilibrium pattern close to its end. A breakout to the upsidse is likely to only close some shorts, but...

Bearborn

Gold having a decent bounce off 1160, looking like a decent buying opportunity. Stop loss slightly below 1160 could be a decent RR.

Bearborn

Raytheon just recently broke out of its falling wedge from the ATH. The breakout seems a little insecure at this point, especially looking at the volume, but we are likely to see a retest of the resistance area. If it has the juice to move any further is hard to tell for now.

Bearborn

Looks like BTC might be painting a big H&S to finally exit its falling trading range, and test some key levels. Jugding by the pattern size, if it is confirmed, $4500-$5000 could be a solid area of support.

Bearborn

The super rare megaphone pattern seems to be playing out on the S&P. Usually, this pattern signals reversal, often to the bearish side, with the 5th wave usually breaking out of the trend. If we break down, this could also cofirm a double top on the longer term, amplifying bearish momentum. A breakout above the upper, rising trendline signals new ATH on the S&P.