Bitcoin did not break $9336 on monthly. Will reassess situation around $7300.
Made accounts to start publishing ideas. Would appreciate likes/follows:)
Long story short. New highs incoming.
I went long today before VIX loses its mind from the good ole "EVERYTHINGS GANA CRASH" people and premiums on calls/puts go wild.
---Indicators:
RSI is trending up. not over bought yet.
Gold sold off hard today. Still down trending off a massive weekly resistance
TLT had money go into it and its rise got smacked back down...
Rejected off resistance at $10400, will be interesting to see where this candle closes..
I assume we will be back in the 99xx range in a few bars if we dont close above the resistance
$9800 area looks like a good target if closes below $10400
rsi also above 80
Weekly chart looks terrible for the bulls. I've seen this chart to many times. First push back after a crash. Gets rejected back to the floor and accumulated for an extended period of time.
December 2020 will be the new bull market.
I don't see any scenario this goes above that pink line until ATLEAST December 2020.
Could be pushed off longer by those wicks in...
Pitchfork. If the futures do not gap the resistance Tuesday morning I will be shorting near market open.
My other charts I posted recently don't agree with this one.
My assumption is it will be gapped over resistance.
Unless it is going to sell off with market this week.
Which the way the global economy looks I doubt.
But every time every indicator says...
