Alltimehigh
BITCOIN: parabolic reversal to ATH in spring 2019?This one is really interesting. Not only did we cross again the 40 mark on the daily RSI (repeating wave pattern), but also we bounced off the 6k support line which not many people had expected. Market always finds a way around the opinions of the masses. This time I want to show you, how a parabolic reversal back to ATH could look like. Its matched with the news of Bakkt and some ETFs that will be approved or denied. A possible scenario is the alt reversal to previous median prices during september to november, then when Bakkt opens the door for many institutions as Starbucks and Microsoft for example (already signed a deal) I expect BTC to take the turn around and leaving alts behind for once again, like many times this year.
This is just some though play I had lately while observing other similar crashes of cryptomarkets. We have approx a 2x to 3x speed increase cause of more volume and media attention than any other market crash. This means, faster dumps.. but also faster recovery.
Let me know what you guys are thinking. Tomorrow is the first ETF decision.. (which is only a tracker ETF tho, nothing too important and should be approved in my opinion, cause there are many tracker products already in place).
For people who are not sure how to handle those difficult times, but are already in coins, why not tether up some % of your folio? Then either buy in again while its going up, or wait till bottom out and accumulate if you still believe in the project.
Cheers
$RUTH How to catch uptrends using the sma50$RUTH is an example to trend following using the sma50, this moving average offered several buying opportunities to go long. Today the company posted earnings and the stock hit all-time highs. First entry $21.80
JD Hitting The All-Time HighLast post: June 30th. See chart .
Review: Price was heading up towards the previous all-time high.
Update: Price has now started to challenge the all-time high resistance level.
Conclusion: We need price to clearly break through the resistance level and stay above it, then we can start to look for long opportunities.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
TYA Long: Potential 20% upsideWhat does the last 2 troughs in the TYA channel has in common with the current? Equity markets were at all-time-high. SPX CY'18 is expected to deliver +26% eps growth this year thanks to the tax cuts and budget deficits. Next year, it is expected to deliver something closer to norm, 10% growth. That is if the Trump's FART bill (google it, not kidding, there is a FART bill in circulation) does not kill growth growth. TLT is also trading at the bottom of a multi-decade range and has a +40% upside.
Tesla approaching all-time highTesla has been having the best month so far. Growth is spiking with barely any bearish days.
Today price action breaks and closes above the $360 resistance level (3.53% up!) that was tested multiple times since October, 2017, opening the doors for higher targets. All-time high at $390 is the next major level.
Investor sentiment is positive so far despite recent setbacks for Tesla, there is great faith in Musk’s vision, pushing the stocks higher. Analysts believe $400 level is in the cards.
Recently Musk bought a lot of Tesla stocks. Today’s break could be due to Musk’s tweet. Tesla being one of the most shorted stocks, when Musk was asked about people shorting Tesla, he replied: ‘They ‘shorts’ have about three weeks before their position explodes’. This comment today added further anticipation in the market. In three weeks the next quarterly results for Tesla are supposed to come out, not a coincidence. All this market anticipation is getting priced in now. Twitter is quite the power and it is not the first time Musk uses such announcements to boost investor faith in Tesla stocks.
Looking at trading volume, there is definitely a lot of interest in this stock. While RSI is also overbought now, chart shows Tesla can go even higher into overbought zone. If the next resistance is tested, could be a good opportunity for a long.
Happy Trading!
Burberry Pulling Back Briefly?Last post: June 1st. See chart .
Review: Price was starting to make new all-time highs and was looking strong.
Update: Price is still looking strong and is currently doing a pullback.
Conclusion: We need to see a breakout of the previous high before considering long trades.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Informa Making New All-Time HighsThis stock is featuring for the first time on our TradingView blogs.
Current setup: Price is above the previous all-time high and making new highs.
Conclusion: We will be waiting for a breakout on the daily timeframe to look for trading opportunities as this will confirm a continuation of the uptrend.
Any comments or questions, do not hesitate to leave them below. Give use the thumbs up if you share our sentiments!
Sublime Trading
NMC Health Breaks Out AgainLast post: April 24th. See chart .
Review: Price was holding at the support level highlighted.
Update: Price bounced off the support level and is making new all-time highs.
Conclusion: We are waiting for breakouts to compound on the trades we already have running and in profit.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
FTSE 100 Ready To Make New All-Time HighsLast post: March 27th. See chart .
Review: Price was bouncing off a strong support area.
Update: Price has advanced and moved up over 700 points and now close to making new all-time highs.
Conclusion: If price closes above the previous all-time high we should see bullish trends in most UK stocks.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
[CSCO] Strong Tech Name Looking to break Resistance at ATHCisco, it's got the story. It's got the upcoming earnings .
Besides the technical charts showing strength, it's attractive and I'm surprised I haven't heard a lot of news coverage given earnings coming up.
CSCO 0.72% has the cloud thing going on, it's got the telecoms aspect in a digital way that integrates with its cloud and enterprise solutions. Having that sort of niche-type aspect of cloud solutions seems solid since the competition isn't coming from broader Cloud players like AMZN 0.98% , GOOGL 2.87% , MSFT 1.18% , etc.
Intensive focus on a niche-(ish?) areas in the future of tech is always a buy for me. AAPL 0.70% has been doing the same thing since the 80's without giving a damn about all the people saying that the company is dead if they don't branch out.
“People think focus means saying yes to the thing you've got to focus on. But that's not what it means at all. It means saying no to the hundred other good ideas that there are... Innovation is saying no to 1,000 things." - Steve Jobs
A finished product - new highs (++400%) could happen in 16 days!We are in a repeat of patterns, touching 0.75 USD levels. This has been a crucial price point for SUB. Once this point is crossed there is only weak resistance ahead. The previous run went towards a 400% increase in 16 days. This was with no working product. The game is different now, net neutrality is here, telegram is being banned, and their product is in the pipelines as a solid answer, with stacking proof that it is a working product. This builds the story that when SUB breaks out of 0.75 - it could quickly make its way to explore new all-time highs. Therefore, SUB has the potential to be a crypto heavyweight in the weeks to come. But moreover, over longer horizons, because of the unique position of SUB, it has the potential to place itself among the top 20 (600+++% increase) of the pack this time. Good luck!
Feel free to hit the like button and leave a comment.
BTC is DEAD..Wait...What?This is just some simple analysis for BTC through mid-April. Take a look at the respect bears played to the major trend line in white. If I were a betting man...(I am)...I would say we have found our bottom(6k) from recent all-time high(20k) and now were are either looking to retest the major trend from July 2017 (around 7k) or preparing to start a new market cycle.
If you are bullish on BTC like I am look for one of the options above.
If you are bearish on BTC look for a breakdown of the major trend. If this happens I expect there to be a double bottom at 6k at which point bulls will regain control.
Hope you all enjoy this analysis and happy trading!
BITB - 400% Since 06/02Looking at BITB, it looks like there have been 5 waves completely since it began trading. After the completion of the 5th wave, it retraced back to near the end of wave 4 which is an indication that my count is correct. From here we have completed the first and, what looks like, the second wave of this new impulse wave. This is in synchronised with most other coins in the market, so I am bullish on this coin which seen over 400% increase since 06/02. Wave 2 retraced 50% of wave 1, also close to the end of wave 4 of lesser degree, which is a healthy correction following Elliott’s principle. The potential here is too good to miss so I will be trading this carefully. I initiated 2/3 of my total trade here @ $0.018 and will add the remainder of my position when we break $0.02. My first target is $0.0234 (46%) but I will be looking to carry this position to the next target of $0.028 (104.38%)
My main concern for this coin, as the BTC price continues to climb, when it is time for BTC’s retracement, it will most likely cause a pull back in this market. I’m hoping these pull backs coincide with my target for this trade. In the next couple days we will be testing the middle channel which will be the first hurdle. If we cannot break this we could be headed lower so I have place my stop at $0.0155 (14.9%)
Confidence Rating: 6/10
Correction Is Over! ... For the most part. Read OnHey guys,
If any of you have seen, I was calling a 500 point (conservative) dip in the Nasdaq a couple weeks ago and we seem to have got around that (A 900 point dip, even better).
Correction seems to be over for the most part. We have a positive slopping 5 Day Moving Average, the Ichimoku cloud seems to have some good readings here indicating a strong uptrend. Only thing I'd be worried about is that 0.236 retraction. I expect it to show some resistance due to the heavy uptrend over the past couple days, only question is whether or not it will act as resistance for the uptrend or support for the downtrend...
So let's say the correction is over and we're back up. I expect Nasdaq to move up to .236, then back down to .382 (Which is the yearly vwap on the QQQ if you use that) and then continue on upward to the ATH. If the .236 level acts as a very minor resistance point, uptrend is 100% confirmed, get in immediately if that's the case until we hit the ATH.
Let's say correction is not over, which it could not be due to the negative CPI report released on Wednesday. If that's the case, we expect some support on the way downward such as the top of the cloud, the 5 Day MA, or the .382 retractment. However, due to the high VIX level, odds are a move downward would be very strong, lots of volume, and would blow right through all those points. Final target for that would be around 6400.
Either way, money is to be made. Be smart and Optimize profits guys. Don't tell the market what to think, listen to it.
Good Luck and if you have questions, ask away in the comments.
LITECOIN TO $1000 THIS YEAR?!Litecoin's ATH on coinbase reached around $420 in accordance with Bitcoin hitting it's ATH of course. It's mega bull run boosted it by 700% in 35 days. Charlie Lee and the Litecoin Foundation are prioritising the adoption of the coin and the number of platforms and merchant processors supporting LTC is increasing. As a result, I feel that once the cryptocurrency market regains bullish momentum, Litecoin will increase in price as extortionately as it did before. If the price can recover and stabilise from here, another 700% increase would take the Price up to the $1000 region which fits nicely within the parallel channel.
However, LTC is reliant on BTC and succeeds by being cheaper and more efficient so if this were to change or bitcoin was to be regulated in the upcoming months then LTC may experience the bears once more. In the short term I feel there may be some more downward movement to come perhaps to retest the support of the parallel channel before upward movement. But, if LTC fails to breakout then there will be more bears to come!