Current Price: 7460

Weekly

Shorts vs. Longs
- More longs than shorts
- almost identical level since last week
- longs increased by a small portion, hardly noticable
- shorts decreased by a small portion, really difficult to notice
https://www.tradingview.com/x/2TLSondy/

RSI & STOCH
- Rsi hovering right below the 50 mark
- stoch has crossed bullish recently
- still midway through its arc
- slow ema for Stoch still has a wide gap
- nearing peak of last stoch cross
- slight bullish div on the stoch
https://www.tradingview.com/x/veF4FfUq/

OBV Osscilator
- bullish div (accumulation sign) seems to be playing out/continuing
- oscillator is above the 0 mark, indicating we are seeing more people buying than selling
https://www.tradingview.com/x/UoOhAQre/

EMA (13,48, 200)
- price closed above fast ema
- got rejected by medium ema
- Fast and medium emas are bunched, sign of a large move
- still technically short term bearish due to bearish cross of fast and medium ema
- price opened above fast ema which is acting as support
- 200 ema is sloping upwards
https://www.tradingview.com/x/TLK74AFn/

Cloud Double Setting
- lagging span (yellow) broke through price downward a while ago which is bearish
- fast ema (blue) is steeply sloped downward, bearish
- as of last week however, there was a c clamp in play (both slow/red and fast/blue ema were flat and price was far from the emas), usually indicates a large move towards the EMAs was to be expected
- cloud is thin indicating low volatility (however keep in mind this is a weekly chart so vollatility is relative)
- cloud flipped red which is bearish
https://www.tradingview.com/x/11QG0p7q/

Bollinger Band & width
- band is becoming tighter
- price touched mean and got rejected
- top band is steeped pointed down, at a greater angle than bottom
- bottom band is steeped upwards at a smaller angle than top
- if we manage to close above the mean that'd be the start of a bull trend in my opinion, however we'd need to retest to be sure
https://www.tradingview.com/x/xLEsn58V/

Price Action
- I redid my lines, I'm trying something new, stacking fibs on multiple time frames, marking off the important ones and making zones out of them. I think price will tend to move to or away from these zones.
- price has moved away from fib zone around 5.3-5.8
- moving towards zone at 8.2- 8.6
- currently resting above important price at 7.3. This price was either an open and close multiple times or a wicked through area
- there's another level of resistance at 7.8 tested a few times I think if we break that then we stand a better shot at touching 8.2
- the yellow line at 6.9 is the next level of support, it also is a universal fib in my chart (meaning it's an exact fib on every time fram Weekly-4h)
https://www.tradingview.com/x/aUy9EQ9O/


Daily, Current price: 7483

Longs vs Shorts
- more longs than shorts
- uge upswing in longs after the 7.3 retest
- shorts haven't moved much since then
- traditionally price has moved in the opposite direction of the dominante call (short/long) so we would expect price to drop based only on this indicator
https://www.tradingview.com/x/bOqiXYD5/

RSI & Stoch
- both rsi and stoch are above 50 mark
- both are in the overbought territory
- div in june still playing out
- rsi has started to move with price, could signal the end of the distribution phase
- stoch is hovering in the overbought section crossing between slow and fast ema
https://www.tradingview.com/x/jjLAypqu/

OBV oscilator
- hidden bullish div, i think this means more accumulation
- highs are consistent with price, lows are divergent
- if we count the current candle, which hasn't closed yet, then there is a higher high on price and lower high on volume, though volume precedes price meaning this could just be a set up for more bullishness, even though a bearish div on obv indicates distribution
https://www.tradingview.com/x/iVlMJd2F/

EMA (13,48, 200)
- bullish cross on fast and medium ema
- price broke through fast and medium ema
- slow ema is predominantly flat thoguh it is pointing slowly downward
- fast ema is sharply p
-medium ema is slightly pointed up
- feels like emas are starting to move closer together indicating a big move. Though the bunching has yet to occur
https://www.tradingview.com/x/QkckIsL6/

Cloud Double Settings
- laggin span (yellow) broke from below to above, which is bullish
- bullish cross on slow and fast ema
- dge to edge is play (when top of cloud is flat and price has entered cloud, there's a good chance it reaches the top of the cloud)
- cloud is still red
- since the top of the cloud is flat in two sections price could either hit 7.8k as the breakout zone or 8.7, both would be bullish. But 7.8k is more realistic
- bottom of cloud is starting to widen out which indicates more volatility
- both slow and fast emas are flat after crossing indicating stable trend, though price likes to move toward emas which is actually bearish since price is above, we want to see the slow ema start trending up sot hat price can retest it as support (or just continue breaking through cloud)
https://www.tradingview.com/x/vhT9vzw6/

Bollinger Band & Width
- price bounced off mean after retesting it, while bands were tight. Resulting in a violent upwards break
- rice is riding the top band, usually this means it will retest the mean
- width is at similar levels of the last big moves in previous months, this is bullish because it shows consolidation
, especially relative to Q4 2017 and Q1 2018
https://www.tradingview.com/x/HvOaUdO4/

Price Action, Current Price 7640
- as mentioned before I redid my lines and mapped overlapping fib zones
- there are a few levels of importance, but I feel as if the more granular you look the more levels youll find, and as a result they are more arbitrary since in the end larger time frames mean more
- yellow dotted lines (7.8 and 7.5) are the daily lines I drew based on reoccuring levels and order blocks
- the dotted blue lines are levels for the weekly time frame, 7.36 and 7.76
https://www.tradingview.com/x/LHRXcY3X/


Opinion: this shit is bullish as fuck, but I do think we're going to see a retest this week and a strong weekly close. But let's see what the market decides. My guess is next week will be calm and end in red, so indicators can reset. Basically I don't think we're going to see another green dildo this week, just a small one. Then a retest/consolidation. I'm speaking mostly about the macro trend here (weekly).