TechniBlock

TechniBlock

If you follow these two moving averages it shows you the bull and bear markets. When the 50 EMA crosses the 9 SMA and whites on top we are in a confirmed bear market. When the 9 SMA crosses the 50 EMA and reds on top we are in a confirmed bull market. From the looks of it we are in a bull market so long bitcoin short the banks.

TechniBlock Updated 

Looks like we will keep selling off and then hit the capitulation ring and enter free fall. The real question is whether or not we will rally in the immediate future. This fib circle caught the Nov 2018 capitulation perfectly will we enter free fall a second time?

TechniBlock

Bitcoin is currently moving up a fib circle inching closer to the larger red capitulation ring. The capitulation ring is the same fib circle taken fro 2017 high to 2018 low and is the same ring we capitulated from in November of last year. I couldn't see us going through 11.3 k on this run up before hitting the ring and ending the B-Rally with a capitulation. If...

TechniBlock Updated 

Looks like we could see a breakout in about 15 to 20 days. The ones coming out on top will buy as close to 10k as possible and ride it up. My best estimation is breakout from 7/17 to 7/20. Time will tell!

TechniBlock

Looks like we landed on a fib circle for support. We are headed back up to the bull pennant sell wall and should hit it around 12700 to 12900 depending on how long it takes to hit the top again.

TechniBlock Updated 

I think the golden cross of the 200 SMA and 377 SMA will save us in the short but when we hit the red capitulation ring we will correct if not make new lows. This is the same fib circle line that bitcoin followed in the November capitulation.

TechniBlock

Breakout of the ascending triangle could be 6/22 to 7/1 !@#$%^&*(

TechniBlock

BTC is sitting in an interesting position respecting the 200 SMA stabilizing after the 18.31% dump. Will it head back up or have large players left crypto for the stock market in search of safe easy QE money? Time will tell ...

TechniBlock

Bitcoin is in another bull flag and we're awaiting pattern development. Will we keep to the trend?

TechniBlock

We broke out and headed to high 8k area and seem to to have hit another sell wall as bitcoin continues to bull flag. Measured move from the first ascending triangle was never hit so we could finish the move up without issue. I will note that we are currently well above the 9 ema on the 4 hour and looking bullish as hell! RSI is coming down a bit and from...

TechniBlock

The next two days are make or break time. Is this the top or are we boarding a rocketship?

TechniBlock

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