Possible a periodic short term change in direction

26 thg 10, 2020Haven't posted in a while. Quick observation on the 1D chart cycle, we have observed a cyclic 50D cycle and I believe this pump is nearing the 50D mark. Furthermore, the 13200 - 13800USD resistance evelope has been challenged various time wihtout a proper breakthrough.

Shorted since 13160USD. Those on long positions, be slightly more conervative.

Happy Trading.

26 thg 10, 2020

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Also, if you observe the 4hr chart, you can start to see the formation of a conventional head-and-shoulder formation with decreasing volume at the top. This further solidifies the bullish prediction.