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- Last Update: 18 April 2019, 12:28
Also changed my channel lines on the Gold Weekly Chart, chart 8 or 9 or so...
4/18- Bitcoin still below that 52xx line on the weekly. Looks like the 50ma on the weekly might set up to align with the gap resistance. If it breaks over it, hallelujah, maybe you should buy crypto. Looks suspect to me.
Gold at support at the 250 ema on the daily chart, chart 10. If it breaks below that 1275ish level, I don't think that the rally will sustain and we go down to the 1260 and then 1230 area. If it holds gold will probably retest the 1350 highs.
LABU looking pooey and LABD breaking over the 50ma and 43ema on the daily. I often consider the 43 ema support and resistance line for an intermediate trend. LABU couldn't have had a more obvious breakdown but there's heavy support around 45. Is it a bear trap?
45 is also the middle trendline on my bear flags.
Thanks for coming to my page always.
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