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Well, Bitcoin's price action did not stay in the pennant that I showed last week. The big sell off a few days ago broke the resistance of the rising floor and damaged that setup.



However, the sell off stabilized in time to setup a new descending channel that looks like a bull flag on the 1-day chart (every candlestick is 24 hours of trading).



I added the MACD and RSI as additional indicators at the ...

Stocks opened higher to start the week last Tuesday but sold off intra-day falling into negative territory. The uncharacteristic day alarmed investors who fear the day the relentless bull market we've become so use to ends. However, it was not that day. Stocks rallied Wednesday to erase Tuesday's losses resuming the usual momentum of this market. The action was mixed for the rest of the week but with the potential for a government shutdown and a couple of bad earnings reports on Friday it seemed ...