TechniBlock

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.

TechniBlock Updated 

I expect to see 1800 very soon and we are reaching the .618 retrace from August 2011 highs. The chart speaks for it's self. We seem to be forming a very large sell wall right now so downward movements are normal and we should be bouncing back and forth from1457 to 1582ish as lows get higher. Traders need to zoom out and look at the weekly to see the whole story.

TechniBlock

RSI remains bearish and we are still in the downward channel. We should bottom around $6600.00. If this keeps up and we find a bottom December should mark the start of the next bull run.

TechniBlock Updated 

We have come to a point where Monday trading will determine the future after a dead weekend. We are coming upon the 1.618 fib circle and could start the climb up the ring or drop down further. We are showing 3 consecutive higher lows so hopefully we get one more bounce up. No matter what we do we are still below the 200 SMA and currently have the purple 200 SMA...

TechniBlock

This is just a thought on the 2017 highs and how we can learn from it. It's very easy to get gains in a bull market by simply Hodl-ing but keeping those gains is another story. I have been studying closely what signs were available in 2017 and it's much harder to get out than people would care to admit. No one wants to leave money on the poker table. This is just...

TechniBlock

Looks as if we could have another drop incoming then a bounce up and breakout of this wedge pattern. Everything is dependent on this pattern formation and this looks like the June breakout all over again.

TechniBlock

We are bouncing between this downward channel from 7660 to 10259. Seems we may have a double bottom and hopefully it time to head north to resistance around 10250. www.tradingview.com

TechniBlock Updated 

To hell with patterns from what I see all we did was test the bottom of this channel. Let's see how this plays out but from the looks of it we bounced. Since everyone is in panic mode maybe we'll see a double bottom.

TechniBlock

For some reason we just can't break out above the 377 SMA. It's denial after denial but selloff's are being bought up causing us to be pinned between 10k and 10.4k. Time will tell all because we are coiled up tight.

TechniBlock

On January 22nd 2018 the bull market peaked and we can expect that highs were put in. We have been sideways since as retail isn't sure what's going on yet. We are in a bear market we just don't know it yet.

TechniBlock

This chart demonstrates that when the 9 SMA (red) crosses the 21 EMA (yellow) and red is on top we are bullish and it presents a buy. When the 21 EMA crosses the 9 SMA and yellow is on top it presents a sell opportunity. This works as long as we are in a bull market and can get some decent return. I will note that it flashed a buy this morning. This could be a...

TechniBlock

Welcome to the horror show. This is the weekly and could be the failure of the EU banking system playing out. :(

TechniBlock

On the Gold monthly if your long play the crosses of the 9 SMA and the 50 EMA. They seem to call the Bull and bear markets and from the looks of it we are about to go on another rip.

TechniBlock

If you follow these two moving averages it shows you the bull and bear markets. When the 50 EMA crosses the 9 SMA and whites on top we are in a confirmed bear market. When the 9 SMA crosses the 50 EMA and reds on top we are in a confirmed bull market. From the looks of it we are in a bull market so long bitcoin short the banks.