[$BMW] Quitte ou double ? // Double or quits ?FR/EN ( below)
FR
Le stratège de la banque suisse, Nick Nelson, a passé en revue les secteurs de la cote.
Il est acheteur sur BMW, je suis plutôt neutre à date, pas assez d'indication sur un reversement de tendance clair et confirmé mais on peut être ambitieux ( attention :) )
En vue weekly, la tendance est toujours baissière est le rebond a été assez franc et test les 50€.
L'idée est d'observer si nous tenons le support ou ce prix marquant des 50€ sera un rempart qui ne pourra pas etre franchi dans l'immédiat.
Dans le cas de continuation baissière , une revisite des plus bas n'est pas à exclure 20 € étant le point psychologique cible.
Si on contraire, les acheteurs reviennent massivement et qu'on rebondi sur les précédents sommets de 2002 et 2007 , le prix se heurtera à une forte zone entre 65€ et 90€.
Est-ce seulement un creux pour repartir à la hausse et de recharger fortement l'un des fers de lance de l'automobile allemand ?
Dans les deux cas, on attend les confirmations aux échelles de temps qu'on souhaite.
En observation , la Tenkan Weekly refait support après cette grosse baisse.
Le Chikou est assez loin et nous donne pas beaucoup d'information à l'instant T .
En revanche, une mouvement assez similaire sur d'autres indices comme le $Bitcoin $ BTC ou l'$Ethereum dans le secteur de la crypto ( ex: ) montrent une évolution des prix progressive avec un passage de la Chickou Weekly à travers ce passage fin des nuages d'Ichimoku.
Cette finesse des résistances pourraient être une zone de passage dans un scénario haussier.
A voir comment tout cela se décante.
Donc Nick Nelson, je respecte votre opinion (les arguments sont là) en revanche, je resterai en attente avant de donner un quelconque signal sur du prix de l'action BMW
Ceci n'est évidemment pas un conseil en investissement
Stay Safe
PEACE !
--
EN
The Swiss bank strategist, Nick Nelson, has reviewed the sectors of the stock market.
He is a buyer on BMW, I'm rather neutral to date, not enough indication on a clear and confirmed trend reversal but one can be ambitious ( attention :) )
In weekly view, the trend is still bearish and the rebound has been quite frank and is testing the 50€.
The idea is to see if we can hold the support where the 50€ price will be a bulwark that can't be crossed in the immediate future.
In the case of a continuation of the bearish trend, a revisit of the lowest is not to be excluded, 20€ being the psychological target point.
If, on the contrary, buyers come back massively and we bounce back on the previous peaks of 2002 and 2007, the price will come up against a strong zone between 65€ and 90€.
Is this just a trough to start up again and to strongly recharge one of the spearheads of the German car industry?
In both cases, we're waiting for confirmations on the time scales we want.
In observation, the Tenkan Weekly is back on its feet after this big drop.
The Chikou is quite far away and does not give us much information at the moment T .
On the other hand, a rather similar movement on other indices such as the $Bitcoin $ BTC show a progressive price evolution with a passage of the Chickou Weekly through this fine passage of the Ichimoku clouds.
This fine resistance could be a passage zone in a bullish scenario.
Watch out !
So Nick Nelson, I respect your opinion (the arguments are there) on the other hand, I will stay on hold before giving any kind of orientation on BMW stock price
This is obviously not investment advice.
Stay Safe
PEACE!
Translated with www.DeepL.com (free version)
NICK
Bitcoin (BTC): Forming BottomIn the previous idea we anticipated price drop to 5876 as the downtrend developed:
Currently, there are a couple of technical factors that suggest the bottom has either already formed or is very close to it:
There are complete 5--wave impulses of minute and minuette degrees on the chart;
A nice long-legged Doji supported by a spike in volume;
Clear bullish divergence patterns.
Besides, people are quite pessimistic now, which is great for buying. All key levels are drawn on the chart.
Bitcoins Breakout LevelsHere is my take on breakout targets for both Bitcoins. A couple of things to consider:
BCH is stronger now, so if you're going long, consider BCHBTC for more gains.
The pattern is BCH is of greater quality, looks more safe, whereas a downside breakout in BTC may lead into the pattern's broadening.
Be sure to apply aggressive money management when working with breakout patterns. Move SL orders to breakeven as soon as the market allows for. The volume is so low these days, that it takes a couple of big traders to control the market (trigger your stops).
Correlations in the market are very tight, so you may find similar patterns in many altcoins.
Bitcoin (BTC): The Wave SetupNothing is happening in the market: volatility has become extinct and coins' trading fallen out of fashion. Range-bound bots and robotic humans absolutely prosper in this environment. The price was unable to break the 7700 threshold. For me this is a bearish signal. Indicators provide mixed signals, so let's examine wave structure. The move from May 29 is a 3-wave correction within a larger downtrend. A price drop below 7500 would confirm this scenario.
Bitcoin (BTC): Impulse Extension vs H&SIn the previous idea I laid out a plan to go short below 7320 key level. The price didn't go down that much and nothing was triggered. Now ought to consider both the bullish and the bearish scenarios and apply the breakout strategy. The Bull is activated on break of the 7700 crucial resistance. In this case impulse extension is quite probable. Bitcoin Cash setup would be triggered too:
The bear is back in play below 7400. In this case H&S pattern will be active.
Patience is key.
Bitcoin (BTC): The Last FrontierThe market takes no particular interest in trading these days: the volume is very low, volatility - non-existent. No wonder nothing has happened since the previous update. Still, this anemic price behaviour suggests that the bottom might not have formed yet. There are a couple of technical bearish considerations:
The price failed to break resistance of the descending channel combined with the moving average;
The bounce from April 29 took the form of a 3--wave correction;
The Inv. H&S pattern will be invalidated below 7300.
My strategy is to go short on the break of 7320 level. Key levels & bearish targets are drawn on the chart.
Bitcoin (BTC): Key Intraday LevelsNot much has happened since the last idea was published. We're still working with the Inverse H&S pattern, and currently the price is testing its neckline. The pullback may unfold further, so I draw a couple of important support levels:
7500 is the key point of control
7320 is the right shoulder level. If the price breaks below, the H&S pattern is invalidated, and we will most likely turn bearish
Volatility is almost non-existent these days. Breakout strategies are less effective than usually, mind that.
Bitcoin (BTC): Wave pattern & Key LevelsThe price of Bitcoin hasn't changed much since my previous idea: I still expect it to reach 9600+ before reversing for a deeper correction. This time, though, I would like to present you with my wave count for the short-term trend. The 5--wave nature of the bullish advance is pretty much obvious, and should be followed by a 3--wave correction. Its first leg began on May 5 just below the 10k mark. Currently, I have little doubt that the price will drop below 8650 within a week or two, so the question is where to go short. 9600+ seems to be a reasonable resistance cluster at the moment. I will keep you updated on a shorter term basis.