TechniBlock

TechniBlock

I believe that bitcoin is headed lower. The monthly, weekly, 4 day and 3 day stoch RSI is headed down. Lower time frames are up but we to be in a dead cat bounce. I think 57k local top or we could push to 60k then back down I think we will see the macD have weak cross on the daily. I will follow up as this unfolds.

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This can happen fast landing us a bottom by September or it can happen slowly winding it's way down to a November bottom. If you can take a break from the idiot youtube influencers humping legs for likes for just a second you will see that one thing is for certain and it's that bitcoin is very bearish right now. In 2018 we rallied to roughly 14k and had to pull...

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Vechain is "doin thangs" ! The asset is forming a falling wedge, while stoch RSI is waiting on a cross up and we're eyeing $.05 Things are looking up but many of the other alt coins are creating a head and shoulders patterns. Matic, Algo, Hbar and many others look really bad. I expected some kind of recovery but has not happened yet.

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I like simple charts that relay the truth about an asset. This is Gold/ounce USD 12 month chart. This clearly reads headed t the 2.618 or we are topping.

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This is a cup and handle and projected breakout should be around 85k. Our recent correction hit the .5 fib and bounced back up to 70k then hit 71k earlier Monday. This price action completed the handle of the cup. Bitcoin looks to be close to be pushing against the shorts and this should power the next big breakout. It it fails I think we drop down the the golden...

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Bitcoin (BTCUSD Coinbase) just pulled back to the .618 on the last drop from the last low. This would be a great place to rebound and put in a local bottom if Bitcoin is going to continue this uptrend. Time will tell. Notice the Stoch RSI, we must get this RSI to bounce on this support.

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These are the three levels I'm concerned we could hit. Its healthy we started corrected back to top Keltner band just curious how low we can go. Notice the bottom Keltner band is around that 52k base we built on the way up. If this is a steep correction I see us tagging this bottom line Time will tell.

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Indicators are pointing down and we've just corrected past the .38 fib. We also have a gap to deal with if we drop lower then the .68 fib. Gap will be hit if we drop to the .78 fib. The buy wall at 16.72 was just broken so we're on our way to the .5 fib. If we are in a strong uptrend it should bounce at the .5 fib or above. I would think about adding to my...

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This shows bitcoin's breakout compared to gold. Very interesting chart seems to indicate a huge move up in the coming weeks or months.

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Bitcoin appears to be breaking out of a cup and handle pattern. We could hit 81500 as this unfolds. We are seeing money pour into bitcoin from everywhere.

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SRUUF has pulled into the gas station for snacks before lift off. It's formation of an ascending triangle is bullish. It's just hit the lower side of the buy wall formation. it clearly has a sell wall around 25.07 and an ascending buy wall causing price to coil up. Breakout coming soon.

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Tesla (TSLA) is coming into long term support and this drop finally hit the .618 fib eactly. Looks ripe enough to buy for a short term. It could run back up the 238.00 leaving room for a solid profit.

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Bitcoin appears to have put in a top on the monthly chart. Monthly Stochastic RSI is also about to turn down. We could have a serious pullback playing out.

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I have outlined some important levels in this asset. From the looks of it it may bottom around the .5 fib and tail down to 9.45. The night is young so we will see how this plays out. Some of these ETP's front run BTCUSD price and tell a different story.

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I marked the golden pocket retrace .618 to the .65 on this chart and it comes in at 28227 to 26912. I will caution that if we see a bounce at the .5 fib it could indicate we have further upside following that bounce. The .5 is a common fib retrace that happens in a bull market. All this shows we should be pulling back when the bitcoin mining halving is happening...

TechniBlock Updated 

If we retrace to fibs from bottom at 15540 then the .618 golden pocked retrace comes in at 26941 and if this is a larger uptrend the .5 fib retrace comes in at 30704. Now if we are doing a local retrace based on local bottom at 25059 the .618 fib is 33028 and the .5 comes in at 35574 assuming we are in an uptrend. There is always the chance that we break out and...

TechniBlock Updated 

This is one massive falling wedge. Not sure how high it can go but the .618 comes in at 48.1k.

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This asset demands a closer look. TSMC has had a positive MacD cross and looks to be headed back up. It's to early to tell but buying 75% off of highs could be a solid buy. Until Intel and Samsung get going in their new fabs you can bet TSMC will be in high demand. China is the wild card in this trade given the hostility going on over Taiwan.