OlayaR

OlayaR

Possibilities for tops and bottoms from here or from 100k.... 85% retrace regions would give us these sorts of options which would deal with some levels that have not been retested since this cycle's bottom... are we in bull territory still or are we already heading for the popping of the bubble? Not sure, but interesting to consider the possibilities...

OlayaR

This is a bit of a long (term) shot, but when I did the analysis I was rather freaked out by the coincidence so thought worth leaving it here and if it does happen I get bragging rights... ;)

OlayaR

I am expecting lower, some confluences there... Either the orange (target #1) or red box (target #2)... The red box would create a much better launching pad as it would retest the completely ignored $6k area. We'll see....

OlayaR

Was giving the long term picture some consideration in view of RSI dropping to a level that has held well since Sept 2015. Question is, if you compare with 2014 (which seems to be what everyone else is doing) we can be at either of those points on the purple lines. If we are indeed heading to $4000 this would represent a much more accelerated pattern within this...

OlayaR Updated 

I have now been thinking since the 12th that a retest of that Marabozu was needed before we could move higher. I did not expect to go as high, and I am highly suspicious of the neck-breaking pace of sentiment change in the space. Too many loudly bullish peeps out there for my liking, and this is an indicator as good as any other so I keep thinking this could turn...

OlayaR

Am I the only one unconfortable with the fact that the €1000 candle from 12/04/18 has not been tested to the 0.5? I think a test is overdue and so is a correction judging by the indicators - however RSI is at 59 on the daily, which it has not done since the 20/12/17, this would help towards the trend reversal case. I would however not be happy if we crossed this...