TechniBlock

TechniBlock

All beware of this breakout.

TechniBlock Updated 

The .618 retrace is coming in around 18.5k the 200sma is coming in around 18.5k and the descending triangle's measured move is the covid19 bottom to 42k top's .618 retrace. Many things starting to add up while BTC is showing higher highs. Interesting however I think bitcoin is headed for an epic crash to complete the wave 4 move. Cheers.

TechniBlock Updated 

The chart tries to guesstimate a time frame for bottom. I took a fib retrace from Covid19 bottom to Recent Top and .618 is coming in around 18.4k. I took the slant of the descending triangle and added a fib channel down to the fib retrace and it gives us a time frame. Using the fib channel's .618 line it shows that meeting the .618 retrace on Feb 22nd at 18.4k....

TechniBlock Updated 

I believe that Bitcoin is in a descending triangle that will break down soon. We have very low volume at this time and we seem to be starting to break down.

TechniBlock Updated 

We seem to be painting either a descending triangle or a symmetrical triangle. The descending triangle would suggest we are in a distribution formation while the symmetrical triangle hints at a continuation pattern. One ends up at 50k and the other shows us hitting 18k. We are going to have to monitor this closely for the next week. I am interested in which...

TechniBlock

We have bearish divergence all over the place and it would seem we are nearing a local top. Maybe this thing has more gas in the tank but despite slowing it still looks bullish to an extent. Keep in mind we are approaching the 2.618. Where will this trend end up?

TechniBlock

AU is in a falling wedge pattern and has bullish divergence forming. It seems to have found a local bottom with a clear W pattern. Measured move would bring us up to around $32.32 near the .5 fib. The .618 fib is coming in around $35.93. This could take some time to play out but things are looking up for this mining stock. My best guess is that the stimulus will...

TechniBlock Updated 

The DXY is forming a classic falling wedge pattern on the weekly. This is bad news for stocks and Bitcoin.

TechniBlock

Looks like the .618 to .65 trend extension is coming in at 13500 to 13750. If it hits a more shallow .50 fib it could only retrace to 15000. I expect this distribution to continue until the spring where we eventually find a fair value and continue up. It will be interesting to see how fast this process takes place. It would not surprise me if we got a fast bottom...

TechniBlock

The black line is the 3 EMA, white line is the 5 EMA and the green line is the 50 EMA on the monthly chart. When black crosses to top of white we are a buy and when black creates a point and heads down this marks an early sell signal. When white crosses to top of black it's a late sell signal. The green 50 EMA monthly marks the common bottoms for Bitcoin. These...

TechniBlock Updated 

I think Bitcoin will continue to follow the stock market all the way down. The only reservation I have is how feds money injection will effect Bitcoin. Fact is we never bottomed out and we're in a huge descending triangle. Not saying we can't make some money on pumps here and there but the future looks grim. Watch your back!

TechniBlock

Hecla is in a classic descending triangle. This is as textbook as it gets. I extracted fibs and gave my personal opinion for where we are headed. If DXY (dollar) continues to pump we will certainly see lower prices soon. We look to be breaking down as of open on 9/23. When the dollar pumps everything gets wrecked, Happy trading!

TechniBlock

Is it clear yet? Notice how RSI got denied from the 200ma.

TechniBlock

This is the most bullish thing we've seen in some time. The chart speaks for it's self.

TechniBlock

Something has changed, a large player keeps pumping BTC back above the 377 SMA as we chop sideways. The longs are building up and speaks volumes about the change in market sentiment. If we drop lower than I expect a full bottom lower then the Nov 2018 3100 bottom. As for now I expect to chop sideways and for us to keep respecting the 377 SMA which will bring the...

TechniBlock Updated 

This is my personal opinion. Bottom fucking line!

TechniBlock

If we drop back below the 21 EMA there is a good chance that the April-June runup was a bear market rally. Bitcoin continues to look weak but must hold the 21 EMA to keep the bull market on track. Just look back to 2014-2015 and the 2018-2019 bottoms to see that we only dip under in a bear market. It's make or break for bitcoin but hopefully we transition into a...

TechniBlock

Bitcoin has been in this channel since June and looks like we're headed back up after a bounce. We bounced just below the .618 and bounced off the 377 SMA. All of this is very normal market movements and next stop could be 8100.00 and then short stop then off to 9200.00 area. If we stay in the channel we will head down to 6200.00 next down cycle around January 2nd...