djmorsey37

djmorsey37

Up or down from here would put BTC at the .236 or the .786, if we bounce from here it will go straight up to 16k, a loss of support would put us back to 7k, Happy trading everyone.

djmorsey37

almost identical, makes me really uncomfortable

djmorsey37

if this were to play out like our last top 19k, this may be what it could look like. By fib levels. looks accumulative

djmorsey37

NVT and RSI prime for a drop in price and I've been short since tho top at 8400$ lets get it on!

djmorsey37 Updated 

I see a lot of cockiness in the market right now, but here is an idea no one is expecting in these overly euphoric times, not even bears, Good luck everyone, no matter what side your on, remember this Whales can turn Bearish as well simply to profit, Greed runs he Market and what better way for whales to REKT everyone. especially those who are experiencing massive...

djmorsey37

I was expecting a break of the green support line, NVT looks like there could be some continuation slightly upward still, I'm expecting this'll eventually break as well once the H&S completely forms, it should plummet.

djmorsey37

Looking for a break to the Downside in the next Yellow Box outlined in red here this is a clear uptrend, if this support line breaks, we should see a change in trend, to me the entire RSI trend line looks non organic.

djmorsey37

cross confirmed

djmorsey37

the NVT looking like a Bearish to very Bearish cross and RSI looks to me to have broken a key support level when these break RSI Green Support line last 3 months, I will add to shorts.

djmorsey37

I'm now interested to see if box b turns out and opposite of box A if Stochastic stays above the red line I will remain in BTC, if it should drop through the red line, I will most likely be short again to find D , this would most likely be a fast move and a large wick.

djmorsey37

the Blue sloping downward line is the 128 moving average, 1 green candle here would put us above it, I've closed my shorts for now and targeting the purple boxes, in anticipation for a larger move down or up

djmorsey37

interesting

djmorsey37

Is there another alternative?

djmorsey37

I expect the ema 12 and 24 to do a dance to the bottom of leg D nice and slow like

djmorsey37

volatile

djmorsey37

confirmation

djmorsey37

historical volatility line broke hard, time for some downward action

djmorsey37

though RSI is rising, I expect a similar fractal to play out here on the last two colored boxes, then for it to break at the leg E for more downward action.