JamesRennie

JamesRennie

Looks like a bounce off the 21 Daily MA. The price is still in the channel heading upwards.

JamesRennie

Looking for Bitcoin to preform better then alts till I sell trend reversal on RSI or MACD. Also if BTC.D slips below 21 MA time to move to alts. I'll be looking for pastern through this bull market in between Bitcoin and alt coins growth. Also watching $10400 level on Bitcoin for a rejection or breakthrough on the trend line. If Bitcoin can break above...

JamesRennie

The day chart is showing a breakout from short term wedge. Looking for it to push up to the weekly wedge. RSI is overbought though with the weekly chart showing room to move and having so close RSI might be completely ignored. Looking for higher high after a breakout from wedge.

JamesRennie

With RSI sitting at 40 and MACD showing start of uptrend. I think it's likely to see a large price jump on PLT. The companies stock looked like the company had been written off by the market as a failure. As a manufacture of high quality low cost headphones they just needed anything positive to turn things around as I stated in my last post. I believe the...

JamesRennie

Watching the ETH chart we are currently seeing the short dip I wrote about yesterday. It still has room to fall to about $185 but i'm cautious about waiting for that bottom. The weekly trend could leave those trying to inch out every last Wei empty handed.

JamesRennie

Do prices currently reflect this growth and when will consumers see this reflected in store prices? That is the question I am asking myself. Since the dollar is based on trust how much more inflated can it get without seeing a reduction of trust? How long will it take for people in America to see they are not immune to inflation as if math only applies to other...

JamesRennie

Looking for Bitcoin to go down to $8000 mid week or to 21 weekly MA. It's possible indicators get completely ignored though sentiment will change to extreme greed if other indicators are ignored going into having.

JamesRennie

The weekly chart still is looking good for Bullish movement. The daily chart is showing possible short term correction. It's possible we see a drop inside the price channel I have drawn.. I don't expect it to last on weekly time frame.

JamesRennie

The reason for price to come down after going to $9500 is not weakness in price momentum but a result of slippage from short squeeze. I am looking for a close above 21 weekly moving average both this week and next week. I have shown in other posts how price above 21 weekly has indicated bullish trend. Stoch RSI and MACD are both showing up trend. It's...

JamesRennie

Looking at 21 weekly MA or trend line to find support on ETHBTC. This could happen quickly.

JamesRennie

The market may tend to be a bit more Bitcoin Maximalist coming up to the having. I expect it wont hold those gains after the having as altcoins start to recover to there all time highs.

JamesRennie

Look at all the new money. With many people expecting GDP to decline will GDP be less then M2. We may see the velocity of money go below 1 for the first time. If then GDP picks up again people will be happy about jobs and GDP. What about the effects of all the money starting to move again causing inflation.

JamesRennie

Looks like with earnings coming soon that PLT may be experiencing a trend reversal. RSI and MACD are looking good.

JamesRennie

If Bitcoin can not pass above 21 Weekly in the next couple hours. I'll be looking for a price drop early next week to potentially the $7000 level. Then later in the week we might see a retest of the 21 weekly MA. I think Bitcoin still has a long way to go before another major retrenchment.

JamesRennie

Price has found support at 50 MA and bounced off. The RSI is indicating that price can retest 50 MA. Expecting either a breakdown to 200 MA or testing of the $200 psychological price level after retest of 50 MA.

JamesRennie

It appears amazon lives in a world of it's own. No question that this company seems to have a bright future ahead of it. Though it seems everyone has decided that means they must own it's stock. Taking it's P/E to over 100. RSI is sitting in over sold territory. This stock truly seems to be living with the misconception that a good company means a cheap stock...

JamesRennie

Looking for support on hourly chart ideally at 50 MA for bullish case. Though price could fall to 200 MA though it's not likely to hold below 200 MA. Weekly chart still showing bullish case.

JamesRennie

RSI is clearly showing downward direction. Looking to see a short term retest of 500 MA or 200 MA both have behaved as support in the past as seen on chart. With the higher time frames showing bullish evidence it's unlikely that this pull back lasts long. As if it takes long enough the chart would create a death cross which seems odd with the weekly chart...