blloyd

blloyd Nov 14, 2018

Bitcoin BTC was due for capitulation, if this pattern holds It will likely end the year above USD 8,000.

blloyd Nov 2, 2018

As described in my previous note on the S&P 500 there have been two major market corrections since the end of the Great Recession. They were periods of high volatility and a lot of repricing of stocks for 140 days or more. In both cases they started with: 1. A complete reset of the RSI ( Relative Strength Index below 20) 2. The S&P 500 holds below the 200 day...

blloyd Oct 23, 2018

No surprise here, easy $OSTK "bitcoin is dead" short profits have been made. Full reset of the RSI. Also probable double bottom in tech stocks happening today. $BTC not moving.

blloyd Oct 13, 2018

There have been two major market corrections since the end of the Great Recession. They were periods of high volatility and a lot of repricing of stocks for 140 days or more. In both cases they started with: 1. A complete reset of the RSI (Relative Strength Index below 20) 2. The S&P 500 holds below the 200 day MA 3. The 50bar EMA passes below the 100bar...

blloyd Oct 13, 2018

The resistance levels on each of the lower highs ($11500,$10000,$8400,$7400,$6800) as well as the support at $5800 and $6200 are rooted in nature. The sequence is first set up when Bitcoin first hits $7400 and subsequently bottoms at $5800. Those two levels remain critical. Daily candles above $7400 mean the bear market will likely end, and be followed by a new...