Noobanalysis
Bullish Schiff Pitchfork Dogecoin Confirmation Bias In this video I try to explain my theory on the trend of Dogecoin and potential price targets for short term entry and exit strats. I'm trying to also further my understanding of the Pitchfork tool and capturing trends. This isn't intended as financial advice but rather as a video diary on my theory. I intend to view this in the future to see how my thesis turned out and I'm making it public so you all can give me guidance and or potentially learn from me though I don't recommend that lol. I believe dogecoin in on its to the upside unless we see a massive sell off like before with whale accounts. I've linked my previous Dogecoin chart that was a short term scalping chart / pitchfork for continuity.
Calm down, everything is gonna be OK (either 59.7K up / 50k dwn)Just learnt about Fibonacci retracements and I'd like to fill the ideas list with more bullish bullsh*t (pun intended).
For the period Apr 19th - Mar 13th (catching 2 ATH's), I see the following levels:
0 43k - tested as support on Feb 28th.
0.236 47.6k - tested as support on Feb 23, resistance on Feb 26-27, support again on Mar 3 and 5-6.
0.382 50.4k - tested as resistance on Feb 24-25, Mar 1 and step on 7-8.
0.618 55k - support on Feb 20 and step on Mar 10 to become support again on Mar 12.
The second series of Fibonacci is between 50.5k and 62k. I see resistance on 0.786-59.7k (Mar 18-20 and Mar 31 - Apr 02) and support at 0.236-53k (see Mar 16, 23, the dip on 24-26). Lastly, 0.5-56k seems a new support for yesterday.
I will not blink until we break under 56k.
I will not sweat until we break under 53k.
And I will not stress until we get to 0!
(Well really, I won't stress too much until 50k).
And WE'LL ALL OPEN A BOTTLE OF CHAMPAGNE WHEN WE BREAK 59.7k!
This is my first idea posted and this is my first time using Fibonacci things.
LONG OR SHORT STRATEGYThe circled areas are where I found the most resistance in the past. Using this hopefully will determine the outlook of the future.
This trade seems more risky then normal as the past resistances never "cracked" all the way.
Buying at the first "!" Is being a little greedy in my opinion and may result in loss, the safest alternative is in the double "!!" area.
Do you though!
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INTC Long BuyOn the 1h chart INTC can be seen forming an inverse Head and Shoulders Pattern, or even a Double Bottom pattern. This is a very bullish sign, with the MACD transitioning into the green. If Intel successfully breaks the 63.57 line, it could go long having price targets of:
$66.30 - $67.80 - $70.00
In my opinion this looks like a very safe bull play on INTC. Always remember to buy the dip, thanks for viewing!
TSLA: $420 to $690 a share by March 1st, 2021In true Elon fashion, it would only be fitting for support at the infamous $420 mark to "Spring" with the ending of winter and put that magic in the air by hitting a new ATH and pop the $690 mark cherry by March 1st, 2021 and hopefully bounce off and correct from the 3.618 fib support level right at $700
BioTelemetry ready to set an all time high?NASDAQ:BEAT
BioTelemetry may be ready to break out. BEAT avoided being sold off recently when the RSI indicated that it was oversold. The stochastic shows momentum picking up, will it be enough to break price out of the range it has been stuck in?
Short Interest Shares Avg. Daily Vol Days to Cover
1/15/2021 2,158,180 847,757 2.545753
12/31/2020 2,087,503 1,777,810 1.174199
Thanks for looking!
VIX trendlines, any thoughts?Hi, for disclosure I am still a noob at trading but I wanted to show these lines I drew and love some feedback.
The upper trendline has held the vix back since march last year. The lower trendline has held perfectly at the beginning but almost dipped below it a few times. VIX might make a major move in the coming months with the trendlines converging in march this year. One theory I had based on the bullish moves from last months is that we will see positive sentiment for a few weeks till some catalyst makes the VIX breakout to the upside. What do you think can happen?
Adam & Eve Bullish version forming on XRP chartThere appears to be an Adam & Eve reversal pattern forming on the XRP charts. The volume fell during the Eve curve and could continue to head up after the resistance breakout 1.
Note: The environment is very volatile, there is the possibility that prices during the Eve formation test the Adam low/high before completing the reversal, a pattern failure here could result in losses.
Reference: technical.traders.com
4HR Divergence - EMA Bounce or BreakThere is a bearish divergence on the daily & 4 hour RSI. The last time we saw a 4 hour divergence matched with a bounce on the 50 EMA line we saw a continuation downwards. We are also pushing up towards a very strong resistance line. I suspect either a break of the EMA heading towards a bounce around $12.4k or some more time bouncing between the EMA and the resistance line where we will either gather enough power to continue up past $14k, or slip and slide our way to accumulate some more BTC at some lower prices over the coming weeks. Waiting to see what happens today before making another entry or exit plan. Minimize risks, set stops, and enjoy the ride!
Closely Watching Incoming 13900 Decision4 Hour RSI is showing a bearish divergence but recent days have proven the RSI indicators on both 1 and 4 hour to be untrustworthy. Getting through or bouncing off of 13900 with enough momentum to break 14000 within the next day or so will tell whether this bull run will continue, or if we will slip into bear territory. Manage risk, set stops, and enjoy the ride!