Identical move in the making as the one we saw during the original capitulation to $6k. We will see if it continues.
Bounce here at daily support, rejection at previous support/consolidation zone, begin taking the steps down to ~$5k zone of capitulation. (Not final bottom)
DJI playing out classic boom/bust cycle. Targets listed in green.
Toying around with the previous market cycle, noticed some similarities in the occurrences of these past 2 M-top formations and decided to see what it would look like if we fell the same percentage that followed on the last smaller one as we did in 2014. Coincidentally (or not) -75% from ATH puts us right around a very strong support and bounce level at $5k. We'll...
$SPX and $DJI exhibiting textbook boom/bust cycle behavior while the $DXY ($USD) suffers among the churning of political turmoil in the background. Hope for the sake of many this doesn't occur but from a pure charts perspective it looks possible .
Stoch RSI bull div + falling wedge + support at weekly reversal will bounce us up. Trending resistance log line + previous resistance + fib level shoots us down further.
Potential bear flag developing on $BTC/USD. Descending volume profile checks out. Measure move = new lows.
FOLLOW THE PATH OF FIBONACCI ON THE WAY TO CHART ENLIGHTENMENT.
$BTC / $USD following a very similar pattern as last correction (no surprise). Time for step 8? #Fractals #Fibonacci #Bitcoin #Crypto #BTC. Tight stop below local low and a long here could be profitable. Risk/reward checks out.
OMG cup and handle pattern forming with resistance at 262 and 269 (safest entry)
What we saw previous to the bull run in April-May could be a potential scenario to what we are seeing play out now. Sideways action right below previous ATH to mimic step 6 until August 1st would not surprise me.