I like this graph and it fits my very general view of 2018 of sideways sideways and some more of that range tracking.   Alot of drama as always, if this was a rollercoaster someone would lose their lunch despite that velocity comes back to zero as long term trumps short term but mostly we are consolidating and waiting for that breakout most likely.  Its a tug of war



I guess we wait until people give up waiting then we can all decide at that point on consensus what happens.    Its a game of musical chairs and everyone is looking at someone else to see what they do.  In the past thats taken a fair while and probably we roll over the top of some significant changes like the halvening event a couple years back but I think also theres other events to bump us out of the rut in the road and Dollar can alter the landscape in its direction, theres alot of inertia.


I guess we are out of the downward channel but also this could be judged on a daily bar and requires close to confirm.   ie. its a bit slow
I see range 7400 - 8 day momentum to 6900, previous channel confirmation top  or as said simply we stick at 7k till it develops

Politicians dont determine a countries fate they merely represent elements.  Biggest mistake is to believe they can alter the tides, like the tale of King canute.