Price attempting to climb and stabilize above the $8.7k zone of resistance at the moment.

PRICE ACTION LEVELS
Resistances
Price has breached $8.7k currently, although we need to see some significant trading above in both time and distance above before saying we have broken above this resistance. A daily candle close would be comforting.
Above $8.7k our sights are set on the .5 fib around $9.1k.
Following $9.1k we move our attention back to the intermediate zone of resistance at $9.4k.

Supports
Price looks to be finding strong support from the $8.2k-8.1k zone as price made a higher low on the 4H time frame, showing supply is diminishing.
Should we fall below $8.1k the next level of importance is $7.7k.

INDICATORS
Moving Averages (same situation as yesterday)
The 50 MA held as support for now. The next test is to see if we can turn around and break back above the 200 EMA after breaking below it so recently. Above that we still have the prevalent 200 simple moving average to breach.

Ichimoku Cloud
The 1D cloud remains intact with the tenkan above around $9.1k. Zooming into the 4H this level is also important as the kijun hovers around there as well. As stated before, based on cloud metrics, as long as we stay in the cloud the opposite edge of the cloud ($11.7k) remains in play.

Oscillators
We see the daily oscillators crossing out of the oversold zones and upwards, supporting any bullish movement. There is still quite some room for them to expand upwards so should bulls make a move throughout the week the oscillators are on their side.

Conclusion
At the end of the day, there seems to be a new trading range between $8.1 to around $8.7k, so a move directly upwards from here ($8750) will resolve this and set up a bullish move back higher. Should $8.1k fall the level of $7.7k remains very important with a lot of open air beneath it.

Twitter: @BoomerCapital
Web: boomerangcapital.org

Price trying to break above $9.4k at the moment after finding support on the cloud.

PRICE ACTION LEVELS
Resistances
At the moment the intermediate level of previous support/resistance is holding price back. A break above this gives us room to test $10k again.
Our primary resistance we have ahead of us is the $9.75-10k region created by previous resistance.

Supports
We have a bit of support around $9.2-9.1k created by previous price action and the .5 fib.
Below this level we see stronger support from $8.7-8.6k


Chart Pattern (Symmetrical Triangle)
The symmetrical triangle pattern seems to have broken out, the volume could be a bit better but it still qualifies. The measured move target is the range of the triangle ($9.7k-$8.7k=$1k) added on to the point of the breakout ($9.3k), which equals $10.3k. [Target still in play]

INDICATORS
Moving Averages (same situation as yesterday)
We saw the 200 EMA act as support for price on the daily chart. We are still wedged between the 200 EMA and 200 MA on the daily chart. A break above the 200 MA would be a boost of confidence in buyers and potentially create some FOMO to the upside.

Ichimoku Cloud
Price broke below the kijun and the tenkan on the 4H but was unable to break below the 4H cloud (as of now). This lines up with support around the .5 fib and could provide a good base for reversal back to the upside.

Oscillators
The sell off yesterday dropped the RSI below the previous valley in the daily RSI, creating a hidden bullish divergence on a higher time frame. This gives us hope that we see the rally continue higher off of the current support.

Bolliger Bands
We see price currently finding support at another indicator, the daily bollinger bands, right on the midline. Looking into the bollinger band width, which acts as a volatility index, we see that the volatility on the daily has not been this low since November of 2017 (7 months ago). It is not likely this low volatility continues, due to it being way below the average, so the days of slow and low movements should be over soon.

Conclusion
Price has found some support around $9.1k created by a confluence of indicators and a fib level.
The hidden bull div on the 1D leads us to believe there is potential for continuation of this up move. This sell off happened sharply yesterday, probably due to the fear of the SEC meeting that was rumored to occur today. A break above $9.4k should send price back up to test the $9.75-10k level of resistance once again.

Twitter: @BoomerCapital
Web: boomerangcapital.org

APPLE (AAPL) rising may make equity indexes move higher.

AAPL is such a huge stock it can drag indexes higher even if many other stocks are falling, even on good earnings news.

Point: If AAPL – or any other big tech stock - is acting as a safe haven, then crypto is free to start an unrelenting up trend.

Eventually, people are going to figure out that investing in crypto may make more sense than investing in big tech stocks.

Don’t be surprised if Nvidia’s earnings on May 10 bring the equities tech bubble to an end, and the transition to crypto as the future of tech can begin in earnest.

Looking at stand-alone crypto technicals, the potentially colossal up move is starting from “the ground up” in the big caps.

Twitter: @BoomerCapital
Web: boomerangcapital.org

ETH has just broken out of a similar triangle formation that we see Bitcoin in at the moment, with strength and volume to boot.

With the breakout above $700 and the .382 fib, the next really strong zone of resistance shows at $800 and the .5 fib.

Ethereum has always been a good indication of the overall health of the rest of the altcoins, and now that we see a bullish breakout occurring this could be a sign that there is more upside on the way soon for the rest of the crypto market.

Twitter: @BoomerCapital
Web: boomerangcapital.org

Because Bitcoin will disrupt money and our entire socio-economic framework. Everything from real estate transactions and insurance markets to remittances that workers overseas send their families at home to corner store purchases all over the globe will be disintermediated and
reframed outside of third party financial institutions.

Rather, they’ll be made through a peer to peer network that has all the promise of Satoshi’s vision.
Bitcoin payments are instantaneous, permissionless, and censorship resistant, and the record of them is immutable on the Bitcoin blockchain.
Bitcoin ownership could ultimately complete the holy quartet of civil rights, joining the right to vote, the right to own firearms and the right to free speech, rights that have been steadily eroded over the last century by governments and corporations.

It is a powerful weapon that not only slows the erosion, but may even shift some of that power from those entities back to the individual.

Twitter: @BoomerCapital
Web: boomerangcapital.org

Price consolidation below resistance continues. GET READY! Big move incoming.

PRICE ACTION LEVELS
Resistances (same levels as yesterday) - Price is back to test the level of the intermediate resistance at $9.4k. Should price break above $9.4k the REAL test awaits at from $9.75-10k, which aligns with the .382 fib.

Supports (same levels as yesterday) - The previous support zone from the last updates has been washed out and made irrelevant, meaning price has entered and exited the zone without and real reaction, leading us to believe the next zone of support that could provide a real reaction is around $8.7-8.6k. Below $8.7-8.6k we see more support around $8k

Chart Pattern (Symmetrical Triangle)
Price is currently consolidating in a symmetrical triangle, ranging between support and resistance while the range narrows. A break above or below with an uptick in volume of either the trending resistance or support, noted by the red lines, will likely be the first sign of the larger future directional move

INDICATORS
Moving Averages (same situation as yesterday) - We saw the 200 EMA act as support for price on the daily chart. We are still wedged between the 200 EMA and 200 MA on the daily chart. A break above the 200 MA would be a boost of confidence in buyers and potentially create some FOMO to the upside.

Ichimoku Cloud - Interesting move today for the tenkan line on the daily cloud! We saw the blue tenkan line move up over $500, inching closer towards the red kijun line. A cross of the blue tenkan above the red kijun will initiate a bullish TK cross and be a very positive sign for price.

Oscillators - On the daily we now see a hidden bullish divergence, where price is making higher lows and the RSI is making lower lows, allowing the RSI to reset while the price continues to hold strong. Being that this signal is on the daily chart, it gives the potential for upside that much more conviction.

Conclusion

The last time we saw consolidation in a range like this for this long was around the bottom at $6k at the beginning of April. That was then followed by a magnificent 4H green candle that spanned over $1k.

Point being: a large move is in the making. A break above $10k allows price to run up to much higher levels with little resistance

Twitter: @BoomerCapital
Web: boomerangcapital.org

Boomerang Capital Inc.

April 2018 results - 2103% profit. (Posted on website)

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Twitter: @BoomerCapital
Web: boomerangcapital.org

<<<We are already there

Twitter: @BoomerCapital
Web: boomerangcapital.org

Within five years, only a select, very rare breed of person will own an entire Bitcoin, and NoCoiners everywhere will be kicking themselves over their lack of vision.

Twitter: @BoomerCapital
Web: boomerangcapital.org

when you hear Bitcoin is a bubble criticism or NoCoiners proclaiming it’s like MySpace, that something “better” will eclipse it and win, it’s an easy bet that they don’t understand the network effects or likely anything else about cryptography and the underpinnings of Bitcoin. They’re a lot like the “Blockchain, not Bitcoin” crowd that also typically understands neither.

Reports of BTC death have been greatly exaggerated. In fact, Bitcoin has been pronounced dead so many times over the years, that an entire website aptly
named BitcoinObituaries.com is dedicated to these announcements.

BTC will be 40K by November. Oh and watch out for the 2nd boom........

Twitter: @BoomerCapital
Web: boomerangcapital.org

Price heading down to support with signs of strength developing on the lower time frame oscillators.

PRICE ACTION LEVELS
Resistances (same levels as yesterday) - Price is back to test the level of the intermediate resistance at $9.4k. Should price break above $9.4k the REAL test awaits at from $9.75-10k, which aligns with the .382 fib.

Supports (same levels as yesterday) - The previous support zone from the last updates has been washed out and made irrelevant, meaning price has entered and exited the zone without and real reaction, leading us to believe the next zone of support that could provide a real reaction is around $8.7-8.6k. Below $8.7-8.6k we see more support around $8k

INDICATORS
Moving Averages (same situation as yesterday) - We saw the 200 EMA act as support for price on the daily chart. We are still wedged between the 200 EMA and 200 MA on the daily chart. A break above the 200 MA would be a boost of confidence in buyers and potentially create some FOMO to the upside.

Ichimoku Cloud - At the moment, we see price breaking below the daily kijun support at $9k. Should we continue past our price action level listed above at $8.7k, we see the cloud edge at $8.4k, which happens to also line up with a price action level, giving that price range even more conviction

Oscillators - At the moment we see a 1H bullish divergence on the RSI as price makes a lower low and the Relative Strength Index posts higher lows. This is a sign that the underlying strength of the buyers are increasing

Conclusion
The volatility we expected to occur yesterday did indeed happen, this time though to the downside.

Price is slowing its move down and showing signs of a reversal back upwards. Overall this looks like a larger consolidation move, potentially before continuation upwards to attempt to try to break through the resistance levels around $10k

Twitter: @BoomerCapital
Web: boomerangcapital.org

Thank you and apologies for forgetting to put the link.

In our opinion, Monero is the clear choice amongst the privacy coins if you are looking for something that is fully private, fungible, and decentralized.
All of the other coins have some aspect that falls short of what Monero offers and can potentially put your privacy and security at risk.

One thing to note is that, due to Monero’s comprehensive privacy protocol, there is a real possibility of governments looking to find a way to crack down
on the coin. Its potential for use within illegal activity has attracted significant attention from the likes of the U.S. Government, so hedging your bet
in this space with a pseudo-private alternative such as ZCash, Zcoin, or PIVX could be a good long-term strategy within the privacy sub-asset class.

Twitter: @BoomerCapital
Web: boomerangcapital.org

Bitcoin will disrupt money and our entire socio-economic framework. Everything from real estate transactions and insurance markets to remittances that
workers overseas send their families at home to corner store purchases all over the globe will be disinter-mediated and
reframed outside of third party financial institutions. Rather, they’ll be made through a peer to peer network that has all the promise of Satoshi’s vision.

Bitcoin payments are instantaneous, permission-less, and censorship resistant, and the record of them is immutable on the Bitcoin blockchain.
Bitcoin ownership could ultimately complete the holy quartet of civil rights, joining the right to vote, the right to own firearms and the right to free speech, rights that have been steadily eroded over the last century by governments and corporations.

It is a powerful weapon that not only slows the erosion, but may even shift some of that power from those entities back to the individual.

Twitter: @BoomerCapital
Web: boomerangcapital.org

Price remains range bound.

PRICE ACTION LEVELS
Resistances (same situation as yesterday) - Price is back to test the level of the intermediate resistance at $9.4k. Should price break above $9.4k the REAL test awaits at from $9.75-10k, which aligns with the .382 fib.

Supports (same situation as yesterday) - The previous support zone from the last updates has been washed out and made irrelevant, meaning price has entered and exited the zone without any real reaction, leading us to believe the next zone of support that could provide a real reaction is around $8.7-8.6k. Below $8.7-8.6k we see more support around $8k.

INDICATORS
Moving Averages (same situation as yesterday) - We saw the 200 EMA act as support for price on the daily chart. We are still wedged between the 200 EMA and 200 MA on the daily chart. A break above the 200 MA would be a boost of confidence in buyers and potentially create some FOMO to the upside.

Ichimoku Cloud (same situation as yesterday) - Price managed to break BACK above the kijun and the cloud on the daily chart yesterday. It is key for cloud metric based trades to the upside that we stay above these indicators. A bullish TK cross (blue line over the red line) would be the next step towards a sign of bullishness on the cloud, followed by a flip on the future cloud itself from red to green.

Oscillators - Looking at the daily time frame, we see the RSI heading back down below the historically bullish levels. This is showing underlying weakness in buyers on a larger time frame.

Conclusion
Price has still yet to break through any important levels, support OR resistance in the past week. If anything, it seems buyers are losing strength, based on oscillators and price action.

We have to be ready for any situation as traders. By using proper money management, we can benefit from the occurrence of any potential lower prices.
Just as a reminder––long term––we see Bitcoin reaching astronomical prices. In the event we see lower prices do not fear–-see it as an opportunity.
A break in the range, above resistance at $9.7k or below support at $8.7k, will be indicative of the next chapter in Bitcoin's price.

Twitter: @BoomerCapital
Web: boomerangcapital.org

Consolidation occurring during the down move. Stronger support below at $8.4k.

PRICE ACTION LEVELS
Resistances - Price has fallen below the $8.9-$9.2k zone of support, making this the first zone of resistance as we rise back towards previous high.  Above that the $9.75k zone, in line with the .382 fib, will likely give price a fight as it rises towards $10k.

Supports - Price is above a stronger zone of support from $8.6-8.4k which is in confluence with the .618 fib.

INDICATORS
Moving Averages (same situation as yesterday) - The ever important 200 MA on the daily chart is now lined up with a zone of resistance we have from $9.8-10k. A break above this would be huge for bullish confidence. We also now see the 200 EMA acting as support as prince pinballs between these two indicators.

Ichimoku Cloud (same situation as yesterday) - The 4H cloud has provided perfect bounce support off the kijun. We will see if this holds.

Oscillators - A bit of a concern, we see the daily RSI has fallen back below to the historic level of bearish movement. That said, the RSI is not a fool-proof, all-revealing indicator.

Conclusion. Price is losing momentum in the move downwards, consolidating for the moment.
An uptrend is defined by higher highs and higher lows, the higher high above $9.2k is the start, now it is nothing but necessary that we post a higher low. Until we break below $7.8k there is nothing to worry about

Twitter: @BoomerCapital
Website: boomerangcapital.org

Bounce coming in at our first zone of support from $8.9-$9.2k

PRICE ACTION LEVELS
Resistances - Price was promptly rejected at the .382 fib level at $9.75k we had outlined, sending price back below the $9.4k level of support, making this our immediate resistance. Above that we will keep our target on breaking above $9.75-10k and the .382 fib level.

Supports - At the moment we are bouncing from $8.9-9.2k zone of support, in confluence with the .5 fib. Below this level we support at $8.6-8.4k that also lines up with the .618 fib level.

Moving Averages - The ever important 200 MA on the daily chart is now lined up with a zone of resistance we have from $9.8-10k. A break above this would be huge for bullish confidence. We also now see the 200 EMA acting as support as prince pinballs between these two indicators.

Ichimoku Cloud - The 4H cloud has provided perfect bounce support off the kijun. We will see if this holds...

Oscillators - The daily RSI remains above the zone we have highlighted in the past confirming bullish movement. More interesting though is the 4H hidden bullish divergence right at support. Price is making higher lows while the RSI is making lower lows.

Conclusion

Price was rejected with force at $9.75k and the .382 fib. After such an incredible run in the past few days, this is not a big deal. We are surprised we did not see a pullback even sooner than today.
On the higher time frame we have needed to post a higher low after making a higher high above $9.2k. Continued upside still remains probable

Twitter: @BoomerCapital
Website: boomerangcapital.org

Price continues to wade beneath the $9k zone of resistance.

Resistances - The $9k level of resistance remains intact, although price has reached it multiple times at this point.

Supports (same situation as yesterday) - Below current price we have a zone of confluent support at $8.6k created by previous price action and the .786 fib level. Should we fall below $8.6k there is a stronger zone of support around $8.4-8.3k

Moving Averages - Speaking of support, the 50 MA on the 4H is also in confluence with our zone at $8.4-8.3k. This gives us added confidence that if price were to make it back down to this level, it would likely provide enough strength for a bounce, at the very least. Also of note, is the 200 EMA which is now lined up with our horizontal level at $8.6k, adding confidence to this zone of support.

Ichimoku Cloud (same situation as yesterday) - As stated throughout the week, the 1D kijun at $9k was our target using cloud metrics, which was hit and is now acting as a strong level of resistance. Should we break above that we would then look for an entry into the 1D cloud and up towards the opposite edge. The kijun mission comes first, though

Oscillators - On a larger time frame the weekly Stoch and Stoch RSI oscillators are crossing out of their oversold territories and upwards with a lot of room to grow. This supports the move upwards and provides an argument for the potential of continued growth

Conclusion
The $9k zone remains a pivotal level for Bitcoin. Larger time frame oscillators (Daily and Weekly) show bullish signs whilst price ranges right below resistance.  Support is building below price giving us no reason to fear a dip in price should we see it fall back to the lower $8000's before we break above $9k

Twitter & Telegram: @BoomerCapital
Web: boomerangcapital.org

Second attempt at breaking $9k currently being rejected.

Resistances - Price has once again been rejected at $9k, the zone of resistance we spoke about all week. A break above this level remains the upmost important for a continuation of bullish movement.

Supports - Below current price we have a zone of confluent support at $8.6k created by previous price action and the .786 fib level.
Should we fall below $8.6k there is a stronger zone of support around $8.4-8.3k

Moving Averages - Speaking of support, the 50 MA on the 4H is also in confluence with our zone at $8.4-8.3k. This gives us added confidence that if price were to make it back down to this level, it would likely provide enough strength for a bounce, at the very least.

Ichimoku Cloud (same situation as yesterday) - As stated throughout the week, the 1D kijun at $9k was our target using cloud metrics, which was hit and is now acting as a strong level of resistance. Should we break above that we would then look for an entry into the 1D cloud and up towards the opposite edge. The kijun mission comes first, though.

Oscillators - Short term time frame (4H), we see the RSI falling and making lower highs while price is making higher highs. Due to price also being at a confluence of resistance this bearish divergence is one to take note of. A slight pullback on the 1D RSI to retest the zone of previous resistance at 60.0 from above would not be out of the picture either, and completely healthy behavior.

Conclusion

Price gave a weak attempt to pierce $9k again, which was rejected and has price currently hovering right below this zone.
We see a few reasons why price may pullback here to reset at highlighted support zones, the RSI bearish divergence at resistance being the main one. After such a strong run upwards a pullback would be healthy and nothing to say the recovery is over, unless it broke important levels of support.
All in all: still bullish, but a small pullback away from the heavy resistance at $9k would be of no surprise.

Twitter & Telegram: @BoomerCapital
Website: boomerangcapital.org

Price bouncing from our higher time frame zone of support and bullish order block at $7.8k, heading towards the $8.2-8.3k zone of resistance. Eyes peeled to see if it has the strength to break above this time around.

Price Action Levels
Resistances (same situation as yesterday) - The next horizontal level of resistance we are keeping our eye on remains around $8.3k. This is a big level on the weekly and will be a very bullish sign if we manage to begin trading above this area. Above $8.3k we can start setting our sights on intermediate zones of resistance like $8.6k.

Supports (same situation as yesterday) - The level of support directly below price at the moment is $7.8k. Below $7.8k we are eyeing $7.5k for at least a bounce before moving back down to the previous trading range we were in last week.

Indicators
Moving Averages - After mapping out horizontal support and resistance based on simple price action, one can use moving averages and other indicators to give them extra confidence on these levels. Doing so today for BTC, we see that the 4H MAs are clustered at our level of support around $7.8k, signaling to use the importance of this level. ALSO, our resistance levels line up with the 50 MA on the daily chart ($8.2-8.3k) and the 200 EMA on the daily chart ($8.9-9k)

Ichimoku Cloud - Price has managed to drop below the 4H cloud Tenkan line. At the moment this line will act as resistance, with the cloud support at $7.8k right below.

Oscillators - As we have stated before, the daily chart's RSI has been unable to break above 60 during the entirety of this bear move. At the moment, though, we see it pivoting back upwards right below this zone of "resistance" on the RSI. A break above would be a sign of strength in the bulls and a really great argument for a new bull run.

Conclusion
At the end of the day, what matters currently with Bitcoin is the two zones of support and resistance it has been ranging between over the past few days.
A break above $8.3k with continued trading above this level will likely signal a move to $9k. On the flip side, a break below $7.8k will send us back towards the zone we were last week. Further along into the future, if we break above $9k, there is a very strong case that the bulls will be fully in control (at least for the time being/until proven otherwise). So, for now we're waiting for the score to be settled in this trading range

Sorry Im unable to post my charts.

Twitter and Telegram: @BoomerCapital
Website: boomerangcapital.org