SQ Fib Price Targets for 2018SQ looks to have found support after a HEALTHY retracement. I will look to add some shares to my longer term accounts as well as take advantage of some nice Intra day setups.
Freemoney
BTC Bearish BreakdownIf the current daily closes below the 200 EMA (red) and lower EMA (orange) Ill look for the the $7400 level to be met this week. This zone as well aligns with the .618 FIB retracement. If the blue zone is broken the lower daily trend line should provide an additional support level. Once these levels are reached I will come back to reassess the lower targets if the downwards pressure continues. For now all eyes are on where the current session closes.
BTC Short Term AnalysisSeems to me the upcoming hours will dictate the short term direction. If we can get a closure above the upper trend line in the current wedge Ill look for the .786 fib level to be fulfilled. (Daily fib retracement from $5,850 to $$10,000) I agree that this would be a quick higher high, trapping all the noobs, before reversing lower. However as indicated by the .618 Fib this is a reasonable place for us to reverse lower, with no need for a higher high. If the lower Trend line is taken out and the $7800 support region is then violated itll confirm the reversal IMO.
0x Scalp Trade AnalysisZRX has been consolidating over the recent days within the $1-$1.2 channel. Market Contractions lead to market expansions. ZRX has had lots of buying over the past 24 Hrs on most exchanges which is being reflected on the current charts. Im expecting an increase in volatility as we are testing the upper trendline resistance on the daily, which has applied pressure to the downside. I am looking for a break through in the following hours/days which would lead to another meeting of the $1.35 region where we wicked to priorly. Once this region is fulfilled I will watch for a continuation to the upside to the $1.50 level. Not only Is this a resistance level on the daily but it also aligns with the 200% FIb target. At this level I will look to take some short term profits and look to buy back at a lower level.
BTC Bullish short TermAfter bouncing from the $6000 supply zone and coming back into the $6800 resistance last week. BTC retraced to the 61.8% fib support level and formed a lower low respecting the Head and Shoulders pattern. As well creating a cross over on the daily moving averages. Last night BTC broke through the neckline resistance level resulting in a surge through the prior $6,800 resistance level. It has now met my upper .618 target. But with the current bullish momentum I believe that will not stop it. I am now looking for the $7,800 resistance level to be fulfilled in the short term which as well aligns with the daily 200 EMA (red). Once this level is met I will not be suprised if BTC is snapped back down to the lower levels once again.
BTC Bottom? In my opinion with the recent bearish move down to the key $6500 level and now proceeding towards $6,000. IF the bearish momentum continues I believe the $6,000 price region followed by $5,500 level will be met. Which align with my 2.382(red) and 2.618(green) Fib targets. As well if you check the daily RSI levels...BTC has bounced with precision at the <30% level previously. If the pressure continues on BTC to these lower levels I believe that would force the institutional shorts to cover their positions (to take profits) and activate a bull run.
XRP SAGA CONTINUESIt looks like Ripple will most likely break out of this sideways range/ pennant formation to the downside in the short term. Below are my next targets... If the $.57 Price support breaks Then the upper 40 cent levels will be the next levels met.
MU Double Bottom Swing TradeMU Looks to have made a double bottom on the hourly and retested the 68.20% fib retracement to perfection. Depending how this hourly closed I think theres room to the upside.
SPY Bullish? With a pennant pattern forming on the SPY weekly chart I am looking for a bullish pop out of here as this gap on Monday is fairly bullish. Of course i believe there will be a retest of some kind and will look to enter in bullish when that take place sometime this week. After quite a bit of consolidation so far this year on spy and the overall broadr markets I think this is HEALTHY movement and we WILL make new ATH's later this year or in early 2019.
BTC AnalysisWith a break of $7400 I am expecting the $7200-$7100 price region before a further movement to the downside. I am expecting Btc -3.14% to meet $6500 promptly following a bearishbreak of $7000.
BTC AnalysisBITFINEX:BTCUSD Liking the bullish movement that is occurring on BTC at the moment. Currently i am expecting a retest of the $8000 price region before further movement downwards to the $6500 price support.
BTC AnalysisCurrent BTC analysis. I have a short term bias as i see BTC breaking this $7800 level and then proceeding to the $6500 price support
Golem Scalp?Up 40% on my initial entry from 5/28 and first target reached at the 161.80% fib extension. However the current pennant pattern could provide for an additional entry with further room to the upside depending on which direction this pattern breaks.
0x Crypto MOONNothing like an old fashioned crypto scalp. Bought some earlier today for $1.13 but i will look to add more for a short term trade. Check the article attached as this is a catalyst for one of the cryptos i am most bullish on this year and further on. fortune.com
Micron FIb 2018 Price TargetsMicron looks to have made a lovely retracement. I would look to take advantage of the free money that MU is about to give us. Short term picture looks good. As well I am still bullish looking towards EOY.
BTC AnalysisMy current thoughts on BTC is that we are retesting $8800 resistance as well with the 200 EMA(red) and 50 EMA(green) which will act as additional resistance. Following the retest I am expecting a push lower to the $7800 region. With a final move down to $6500 before entering the bull run early June. Just my thoughts, always open to hearing opposing views
IOTA Short term AnalysisToday's (4/26) Daily candle will dictate our next move. If we break through EMA I see next level being $1.60. However If BTC stays bullish and we bounce here, I can easily see another attempt at breaking $2.20 Resistance with $2.50 area being next target.
GNT Short Term Analysis Entered a Swing position on GNT last night. Will watch for a close above the 65 cent region on the 4 hr, with my target being the 75 cent region.
TSLA Potential Day TradeLooking to take this Pennant pattern either bullish or bearish depending on which direction it breaks. With $300.20 Being a daily resistance level.
