Bitcoin and the alts have really taken off in the beginning of 2020. ETH/BTC just out in a double bottom, broke a huge downward trend, and I’m leaning toward the start of a new alt season. Bitcoin has gained significant dominance back relative to the rest of the Crypto market cap. This pair is a helpful indication that BTC’s demanded may be flipping. First...
With reports of the coronavirus in full force within China and the boarders shut down. This might be the perfect time to short Starbucks. Starbucks now has about 12.75% of all store location in China and reports have stated that all locations have been shut down. No reports have been made about the duration of the shut down, but this will have a significant...
Crypto over all have seen some decent 2020 January gains. ETC has increased 154% and if I put my bull goggles on I see some major upside still to come. I see a double bottom that has formed. You can measure the possible upside by tracing the base of the second bottom up to the neckline. Basically 46% of upside to come.
Background: Q4 Earnings report for TESLA will occur on 2/17/20. The major assumption are between 360K-400K unit deliveries for 2019. First 9 months reported 255K. Also Cash Flow positive. Daily chart is taking off in anticipation of a strong Q4 2019 quarter and positive production guidance on top of the new China factory. I am sitting and watching this one. I...
1/14/20 review of BTC from Coinbase usig the Daily chart. BTC is about to test the down trend-line originating back in June 2019. It is also testing the horizontal resistance line at $8,800. 200 day EMA is still acting as support for BTC price. Overall, BTC has had a strong move up from $6.8K acting as the new 2020 base. I am bullish BTC, but the RSI and MACD...
Possible triangle pattern to play lower risk highs and lows.