Beautiful
$matici was cruising through charts and came to matics weekly..
remember this chart when someone tells you how risky Crypto is
looks just like any blue chip big board
BULLISH momentumAs we saw bulls completely took over the market so we will sit back and watch price action unfold as we had a falling wedge into a key level then it broke out so we wait for retest to see if bullish momentum continues. Will update as time goes on, stay tuned!
Good Luck.
God Bless!
BEAUTIFUL BUY NZDCHF touched the support level of the D1 falling wedge pattern and is beginning to show much sellers exhaustion on the lower timeframes. Also, it left a long wick to the downside to bounce off the H1 major support and failed to open and close consecutively below the H1 minor support. All of these indications signify buyers pressure in the market. A bullish move is expected to take us to the resistance of that D1 falling wedge .
Please like and follow for future analysis'.
XLM daily update (Very Nice!)Not touching it.
It looks great.
Performing as expected.
XLM is on course, still looking to take profit and enter a short once we break above $.40 on a daily candle.
Continuing to DCA, and pack my bags.
If XLM continues to climb, we will re-enter at $.44 (5% stop loss) and continue our climb... I wouldn't be against throwing a few more thousand $ once we break above $.44.
Very pleased on this call.
The short will probably occur tomorrow and beat our current vertical line for Feb 14.
BABA to $300Although this is a Chinese company that has many conflicts with the US right now, BABA has an absolute phenomenal balance sheet. This stock should be valued more than AMZN (in my opinion). Trend wise, BABA has consolidated and once breaking the $270 mark should make its run towards $300 quite swiftly. Long term i see this at $320 and then $400 next year.
The Dragon is SOARINGA quick update on GJ from my last post. My 1HR analysis wasn't 100% spot on but.....it was pretty close. The market closed below the 1HR demand zone I had drawn just to come down and reject off another demand zone at 131.800. (Check last post to see what I'm referring to). On the 4HR time frame however, the market came down retested that 4HR (orange) ascending trend line, followed by printing an inverted hammer on the 4HR time frame all while closing above the EMA which is now acting as support. It also rejected off the 4HR demand zone I had drawn at 132.000 while printing a double bottom right on top of it and finally closing back above it. Entry was at 132.428. Currently up 334 pips and counting. The market is approaching the 136.000 level. We'll have to tune in and watch how it reacts to that level as resistance. But until I see the market print anything that tells me that it's going to drop, WE ARE GOING LONG BOYSSSSS.
*INSERTS CORNY YOUTUBE PHRASE "LIKE, COMMENT, SUBSCRIBE'*
AFTERPAY LTD Wave 3, 4, and 5AFTERPAY LTD
Target for wave 3: 1.618 measured move of wave 1
Sell/ Short entry: $43
Stops at $46
Target for wave 4: .382 retrace of wave 3
Buy/ Long entry: $31
Stops at $27
Target for wave 5: 1:1 projection of wave 1 taken from low of wave 4 And -0.236 (Algo Target) of wave 3
Sell/ Short: $50
Stops at $52
This is obviously projected from targets we don't have yet so this may need to be altered. However AfterPay
has been trading very technically perfect so one can always hope ;)
DYOR. Not Financial Advice Just an Observation
*Re-Post
AFTERPAY LTD Wave 3, 4, and 5AFTERPAY LTD
Target for wave 3: 1.618 measured move of wave 1
Sell/ Short entry: $43
Stops at $46
Target for wave 4: .382 retrace of wave 3
Buy/ Long entry: $31
Stops at $27
Target for wave 5: 1:1 projection of wave 1 taken from low of wave 4 And -0.236 (Algo Target) of wave 3
Sell/ Short: $50
Stops at $52
This is obviously projected from targets we don't have yet so this may need to be altered. However AfterPay
has been trading very technically perfect so one can always hope ;)
DYOR. Not Financial Advice Just an Observation
Could MATIC make us all rich? (or will alts just die)I don't know what matic is, but this coin has been forming a bullish falling wedge pattern for a while now. could this be the bottom of a huge bull run in the future? will altcoins just continue to die after all of these coins finish going up? I have no idea. but if you are just looking for an in-and-out trade instead of a long term investment I would certainly suggest to look at matic and some of these other altcoins that seem to be forming very big falling wedge patterns in BTC valuation.
Long on ALLY.. possible breakoutALLY has recently been upgraded by Zacks.com to a rank 1 (strong buy). It has beaten earnings for the past 4 quarters. It is currently setting up for a possible break out. I will be looking to go long this week on the close above the upper trendline of the symmetrical triangle.
DOW Jones Industrials A Beautiful Old Lady Still
The Dow began its history with 12 constituents and grew over time to become the Dow 30 that we know today.
There's those numbers again.
The old lady is now 122 years old and still as beautiful as the day she was born. But beauty is in the eye of the beholder. Maybe she doesn't do it for you...
Dow Futures Update DJIA1!
This index had to stay above the 25702 line during yesterday's ongoing whipsaw through the open and beyond and if it managed to do this it meant a test of the next resistance line at 25782 would be the most likely outcome.
After rallying to within 10 points of the upside target at the open It then managed to hold up through a turbulent session with a subsequent low at 25713, before rallying away to the target and beyond.
As this is finished it's sitting just 4 points above yesterday's upside target line at 25782.
Support here may hold up but It can come back to 25759 when the market opens at lowest but must hold here to stay positive today.
To hold up in the 25782-25759 range through the open will again be very positive for this index up to the 26010-26055 range with lesser resistance at 25887 being the likeliest spot to expect profit taking /consolidation taking during the ascent.
If not long already can look to buy the dip with stops below 25750.
Dow Futures Closer
Bitcoin: Beautiful Bitcoin Big Picure Clean ChartBitcoin Update BTCUSD If a picture paints a thousand words, what about a chart?
So Bitcoin could be double topping - if it is it only gets
confirmed by a fall below 7347 support line, with first clue a
break below the dynamic support (not relying too much on
the parallel yet until we can see how it responds when
touched, if ever.
The other way out from here is to break above the little
parallel above it and make a blast for 7570...and that looks
more likely. If stopped out earlier or missed the updates, this
is next chance on buy side, other than looking to buy retests
of the blue line at 7426
Please see comment on left for more about breaking 7570.