MrAndroid

MrAndroid

This parallel channel long term chart of Bitcoin has a mid line that has stood as resistance on multiple previous occasions and now I see after several recent retests and a false breakout we now finally see a confirmed breakout. This looks very bullish for Bitcoin in the short term.

MrAndroid

The last 3 weeks' candles see the price of Bitcoin pushing up against the middle line of this very long term chart of the Bitcoin price. This is a simple log scale parallel channel that connects the highs of 2013 and 2017 and their subsequent lows. If the price of Bitcoin can push above this middle line of resistance I think that could be the signal of the start...

MrAndroid

Nokia has had a fairly big correction recently but now looks like it might be bouncing back up off a long term trend line

MrAndroid

Very clear breakout. The cautious might wait for a re-test.

MrAndroid

There is going to be resistance at 30864. If a breakout above that and getting support at that happens we could be off to the races and resuming the bull market. Too early to tell yet.

MrAndroid

this thing loos like its about to release itself into the wild

MrAndroid

This chart shows the gold versus stocks. For me the price of gold versus stocks has a lot more work to do to definitely breakout of the downtrend versus the S&P500. I would rather hold stocks for now.

MrAndroid

Amazon has been in a sideways correction pattern for a long time. this chart shows it relative to Nasdaq. Historically this has been a very good point to go long.

MrAndroid

Price is bouncing off long term mid channel trendline and is also at resistance within a falling wedge pattern

MrAndroid

Just a simple triangle pattern breakout

MrAndroid

I am not making any predictions. These are my trendlines and key levels that I will be using to look at the bitcoin market over the next few weeks.