THE BITCOIN MIRACLE PRAYER
The Bitcoin Miracle Prayer
Lord Bitcoin Jesus, I come before Thee, just as I am, I am sorry for my sins, I repent of my sins, please forgive me. In Thy Name, I forgive all others for what they have done against me. I renounce the dollar, the evil Illuminati and all their fiat currency. I give Thee my entire self, Lord Bitcoin Jesus, I accept Thee as my Lord Bitcoin God and Bitcoin Savior. Heal me, change me, strengthen me in body, soul, spirit and bitcoin.
Come Lord Bitcoin Jesus, cover me with Thy digital currency, and fill me with Thy Holy Spirit of Bitcoin, I love Thee Lord Bitcoin Jesus, I praise Thee Lord Bitcoin Jesus, I thank Thee Bitcoin Jesus, I shall follow Thee every day of my Bitcoin life. Bitcoin Amen.
TG- Are you watching TLT and TNX?
TNX looks like it´s consolidating at lows, in what could be a possible descending triangle. Many view this as a bearish pattern, however, it can breakout in any direction, down 64%, up 36% of the time. Big squeezes happen when price initially breaks to the downside, traps, then revese to the upside.
Using T theory by Terry Landry, the last bond bear market was from 1946-1981 or 35 years. I find it interesting TNX made a possible DB 35 years later in yr 2016, with the current bond bull market which started in 1981.
I don´t know bonds like I should. But looking at a chart alone, bonds do not look good going into the future. The big question is when. Timing is everything. TNX https://www.tradingview.com/x/bDZoVlKo/
Here is an article from yr 2012 with a 200 year chart. http://www.businessinsider.com/10-year-us-treasury-note-yield-since-1790-2012-6
Thanks, TG. Great analysis.
Here is an apple chart showing a classic descending triangle with the trap and break to the upside. Apple could be nesting using an ew vantage point. https://www.tradingview.com/x/kd5D54de/
I look at TLT some, but really only study the current instrument I am actively trading. At the moment it´s the NQ . Also study the other indices too, ES and YM. I am not one of these guys who will try to trade a screen full of instruments. My thought is if I am going to trade. Why not just trade one or two symbols and get to know them really well.
Looking at the TLT, it´s in a rising wedge where there was clear support at the bottom TL and like you have pointed out, an ivhs with nice looking volume. Vol was declining until the possible breakout. The ivhs has a mm to 134 https://www.tradingview.com/x/DYpOCjIE/ For the last three days its been in a symmetrical triangle, it could break either way. If I was trading this intra day, I would trade the daily ranges until the break and then trade that direction. https://www.tradingview.com/x/PfOIsgRU/ TLT Monthly chart https://www.tradingview.com/x/qmkfF3fY/
As you probably already know, trading is not easy, This is probably all speculation where I am wrong.