JoeyRosac4

JoeyRosac4 Updated 

We broke out nicely above the downtrend line overnight and are back at the $4,400 battle line. Let's see if it can break out of the flag to more upside. On the contrary, it could be forming a head and shoulders top...

JoeyRosac4

If the right shoulder does not form it could go straight down to test $4,000 again. I think we are over it with the $4,400 line in the sand. Let's get it on with a real correction already! Note that I am not actually short BTC, I am just sharing the trend. I love BTC!

JoeyRosac4

In the big picture we are still in an overall bear market. Watch the box range on the hourly chart as it approaches the red resistance line. It will need to confirm a break out or breakdown for me to make any moves. I am leaning more toward a breakdown but as it riding the lower half of the box range. No moves made before confirmation of a sizable breakout above...

JoeyRosac4 Updated 

We bounced way to fast. I think there is more downside to come. I feel like the patient will be rewarded. Good luck everyone!

JoeyRosac4

We have bounced off last weeks bottom and most of us have made a good profit. However, I do not think the downtrend is over at all. We are barely above the overall downtrend with reversal signals screaming sell. The 4 hour chart looks the same. Let me know what you all think!

JoeyRosac4

As you can see the past corrections have all touched the 100 day moving average and then made a healthy move to the upside establishing new highs. This is a great opportunity to go shopping for BTC and all of your favorite alts in my opinion. Happy trading everyone!