Hey party people,
Snake is back.
It's been a while since I've done a review.
Looking at the Bitfinex chart today, with one eye ofcourse, I did notice something interesting. On the Ichimoku the Tenkan crossed below the Kenjun on the 8th May. Bearish sign. But it has been chopping the last few weeks.
But, in saying that, the price dropped below the 21 week MA on the 11th May. It has now crossed above the Tenkan, but the 21 week MA is holding as resistance at the moment.
But, notice since the bottom in December 22 / January 23, it has not stayed below this MA for long. And the last bounce took about 34 days to produce ~56% gain.
But, if we are in a bearish downtrend, then more downside is to come, and the Snake will not be happy.
Keep fighting the good fight people.
Peace and love and spicey rum.
Happy Sailing Privacy Pirates.
F.Society, F.Banksters, F.Politicians
Best regards,
Snake Plissken
Snake is back.
It's been a while since I've done a review.
Looking at the Bitfinex chart today, with one eye ofcourse, I did notice something interesting. On the Ichimoku the Tenkan crossed below the Kenjun on the 8th May. Bearish sign. But it has been chopping the last few weeks.
But, in saying that, the price dropped below the 21 week MA on the 11th May. It has now crossed above the Tenkan, but the 21 week MA is holding as resistance at the moment.
But, notice since the bottom in December 22 / January 23, it has not stayed below this MA for long. And the last bounce took about 34 days to produce ~56% gain.
But, if we are in a bearish downtrend, then more downside is to come, and the Snake will not be happy.
Keep fighting the good fight people.
Peace and love and spicey rum.
Happy Sailing Privacy Pirates.
F.Society, F.Banksters, F.Politicians
Best regards,
Snake Plissken
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