We are testing a bunch of supports in the low 590s, but they are not essential for the bulls to hold as even if they break we will still be in a clear 4 hour equilibrium. This pattern is likely going to take until this weekend to break, and can be seen clearly on BTC on the daily chart. Still holding a smaller swing ETH position which I will exit if we break this pattern bearish. Looking for the bulls to form a higher low this morning and bounce as BTC 15 min RSI hit 20 and hourly RSI is oversold. Now we have a tight weekly chart, and an even tighter daily chart. Low views and comments in the video yesterday as the market fell asleep on low volume and trading range. BTC moved less than $100 in almost 13 hours.
In the event anyone wants to follow sentiment news.. FILTERED not BS.. I publish this in my idea rooms every day
Dynamic Forecaster (regression analysis for Bitc) is facing upward again
Bulls have stepped in to prop up price.. it's a small war going on out there.
and finally, two opposing symmetrical triangles are about to break, one long term, the other short term, each foreshadow opposing movements in price direction.
Lots of great market sentiment news...
And remember, I filter out the MICKEY MOUSE nonsense...
- Universities show an up tick in Bitcoin investment. They deal with billions and usually lead the trend for institutional investors, so do not shrug them off.
- Institutional investors are gearing up, though most are aiming for September. I know it's June, but trust by September you'll WANT to hear this.
- Lots of good articles today about Bitcoin adoption world wide.
- S Korea's biggest exchange was cleared of wrong doing.
- One of the newest and largest mining farm will be ready in 12 months in Upstate NY
- 5.6 Million in Andy Warhol art is being auctioned in ETHER.. a good sign of crypto adoption to come
MichaelHarrington
⋅
@TradeClass, why are you shilling your own stuff on someone else's page?
TradeClass
⋅
@MichaelHarrington, because Michael.. if you READ the Terms of Service, it states that as long as you are positive, constructive and have ideas to offer, that is the purpose of the discussion areas below the ideas that we all publish.
Crystalball0x
⋅
@TradeClass, He asked why do you shilling your own stuff on someone else's page? Not if you have the right to spam because you act along the terms of service.
TradeClass
⋅
@MarWar, I have noticed that some people in chat rooms have nothing positive to add to conversation, so they invest their energy into hating.
In the event anyone wants to follow sentiment news.. FILTERED not BS.. I publish this in my idea rooms every day
Dynamic Forecaster (regression analysis for Bitc) is facing upward again
Bulls have stepped in to prop up price.. it's a small war going on out there.
and finally, two opposing symmetrical triangles are about to break, one long term, the other short term, each foreshadow opposing movements in price direction.
Lots of great market sentiment news...
And remember, I filter out the MICKEY MOUSE nonsense...
- Universities show an up tick in Bitcoin investment. They deal with billions and usually lead the trend for institutional investors, so do not shrug them off.
- Institutional investors are gearing up, though most are aiming for September. I know it's June, but trust by September you'll WANT to hear this.
- Lots of good articles today about Bitcoin adoption world wide.
- S Korea's biggest exchange was cleared of wrong doing.
- One of the newest and largest mining farm will be ready in 12 months in Upstate NY
- 5.6 Million in Andy Warhol art is being auctioned in ETHER.. a good sign of crypto adoption to come