@benjamincowen Check historical chart.. btc start moving as soon as ISM cross below 50 as you expect easing conditions. This time it stayed below for extended time so now it pop up with expected easing condition so you need to care about it. It is not pattern but context matters
@TheRealPlanC Ben is too bogged down to looking at fractals. It is simple, ISM measure industry sentiments around economic expansion, it happens with improving demand and usually due to easing financial conditions. Risk assets thrive in such environment. You can’t assess it by chart swings.
@johnnyutah@benjamincowen He does not show key level because it is traders job and tough job. He just make vague calls based on MAs. If you are right then great call otherwise you always have room for flexibility. Trader would stop out / miss out 10 time using this type of analysis
@benjamincowen It turned two times before in current cycle. MAs converge and in range bound / consolidating markets and diverge when it market has impulse move. There is no magic to it, it just follow Price Action. In Price action market structure in weekly / monthly is still intact
@Nebraskangooner It is because candle open lower and closed lower so in reality if you remove gap, candle is red. Therefore OBV deducted the volume and it shows dropping.
@cz_binance But money is not flowing into crypto market currently. Gold and Silver need to calm down before investors see opportunity in crypto. Positive regulations mean nothing if the market is dry of liquidity.
@bravosresearch Rising employment also bring easy money and improve liquidity bring big final move to the upside in short period of time. This time will not be different. Fed has number of plays left before we start calling for economy roll over.
@BernieSanders Good idea to go to congress and get approval of attack and tell the whole world before it happens. I thought you are smarter than this. In past wars how many times US debated in congress before attacking another country.