TechniBlock

TechniBlock

AU is in a falling wedge pattern and has bullish divergence forming. It seems to have found a local bottom with a clear W pattern. Measured move would bring us up to around $32.32 near the .5 fib. The .618 fib is coming in around $35.93. This could take some time to play out but things are looking up for this mining stock. My best guess is that the stimulus will...

TechniBlock Updated 

The DXY is forming a classic falling wedge pattern on the weekly. This is bad news for stocks and Bitcoin.

TechniBlock

Looks like the .618 to .65 trend extension is coming in at 13500 to 13750. If it hits a more shallow .50 fib it could only retrace to 15000. I expect this distribution to continue until the spring where we eventually find a fair value and continue up. It will be interesting to see how fast this process takes place. It would not surprise me if we got a fast bottom...

TechniBlock

The black line is the 3 EMA, white line is the 5 EMA and the green line is the 50 EMA on the monthly chart. When black crosses to top of white we are a buy and when black creates a point and heads down this marks an early sell signal. When white crosses to top of black it's a late sell signal. The green 50 EMA monthly marks the common bottoms for Bitcoin. These...

TechniBlock Updated 

I think Bitcoin will continue to follow the stock market all the way down. The only reservation I have is how feds money injection will effect Bitcoin. Fact is we never bottomed out and we're in a huge descending triangle. Not saying we can't make some money on pumps here and there but the future looks grim. Watch your back!

TechniBlock

Hecla is in a classic descending triangle. This is as textbook as it gets. I extracted fibs and gave my personal opinion for where we are headed. If DXY (dollar) continues to pump we will certainly see lower prices soon. We look to be breaking down as of open on 9/23. When the dollar pumps everything gets wrecked, Happy trading!

TechniBlock

Is it clear yet? Notice how RSI got denied from the 200ma.

TechniBlock

This is the most bullish thing we've seen in some time. The chart speaks for it's self.

TechniBlock

Something has changed, a large player keeps pumping BTC back above the 377 SMA as we chop sideways. The longs are building up and speaks volumes about the change in market sentiment. If we drop lower than I expect a full bottom lower then the Nov 2018 3100 bottom. As for now I expect to chop sideways and for us to keep respecting the 377 SMA which will bring the...

TechniBlock Updated 

This is my personal opinion. Bottom fucking line!

TechniBlock

If we drop back below the 21 EMA there is a good chance that the April-June runup was a bear market rally. Bitcoin continues to look weak but must hold the 21 EMA to keep the bull market on track. Just look back to 2014-2015 and the 2018-2019 bottoms to see that we only dip under in a bear market. It's make or break for bitcoin but hopefully we transition into a...

TechniBlock

Bitcoin has been in this channel since June and looks like we're headed back up after a bounce. We bounced just below the .618 and bounced off the 377 SMA. All of this is very normal market movements and next stop could be 8100.00 and then short stop then off to 9200.00 area. If we stay in the channel we will head down to 6200.00 next down cycle around January 2nd...

TechniBlock

This chart speaks for it's self. Descending triangle break down meets bottom of channel / wedge.

TechniBlock Updated 

6800.00 could be next stop. If we drop below the 200 again we could be in serious trouble. If you examine the chart you will clearly see the downward channel and where we're headed. I'm just going to HODL through it because there could be upside breakout as well. We're in a very vulnerable position being that we are at the top of a channel.

TechniBlock

Many of the gold metal and gold mining stocks show incoming correction. Looks like we may return to $5.75 to $6.00 a share very soon. This is a great mining stock that looks really good long term but holding off for now may bring better buy your way in the short term.

TechniBlock

Almost looks like a descending triangle. If so then I would assume we head down to the .618 area over the next few months. RSI dipped into the bearish zone while we broke large ascending triangle to form a descending triangle and go through distribution from our 1557.00 high down to the .618 at 1378.00. Let's see how this plays out over the next few months as we...

TechniBlock Updated 

I brought attention to the .618 retrace from June highs and the .618 retrace from the monster pump a few days ago. It's clear we are entering a tight range.

TechniBlock

We should see some green out of the Macd by December. Hopefully it brings a much needed surge in price.