This is a simple chart that shows where we are, what our major resistance and support levels are, and what could or could not happen next. I'm rooting for the bulls, but in case they don't get their act together... well you can see where we're headed and where our temporary stops should be.
Piggybacking on @FatihSK87's observation about TK 0.33% lines on the daily. Overlaid some fractals onto a chart and called out the TK 0.33% crosses, including the one that is pending that we could see soon. Once we get the cross, it could kickstart a hard drive up to 5K, a new ATH 1.29% , and 6k. Maybe even beyond. – @BrightGoldCrab
We're rapidly re-approaching the point from the end of the last bull run when you could just toss TA out the window. But for now, here's yet another Bear Div in the making. We're been overbought for a while so a correction should be in the cards but it's Bitcoin, so... who knows. - @BrightGoldCrab
Switching up from #crypto, this is the S&P 500 since 1980. Would you buy this?
Here's another look at those Adam & Eve fractals on $ETH. In addition to the 12HR candle patterns being nearly identical, the MA Exp Ribbon's (lots of EMA lines) behavior appears to be basically exactly the same too. We could be looking at a hard drive to 500 and beyond. – @BrightGoldCrab
Bitcoin is super bullish right now so this might not play out but it's relatively textbook looking. Will prices plummet? Tune in next time on #CrabCalls, the show that answers the question: can a crab trade? (instead of chowing down on sea animals that have already been dead for months or more.) - BrightGoldCrab
Think this one more or less speaks for itself. The two fractals are eerily similar. The first was a giant Adam & Eve that carried the price almost to 400. The second fractal is a smaller, wonkier Adam & Eve with the potential to kick off a new drive to ATH and possibly 500 or higher. Thoughts?
Not much to say here. Almost perfect head and shoulders on the 4HR candles over on GDAX. For what it's worth, Stoch RSI has also just topped out and begun reversal. Check your bullishness for at least another day.