JamesRennie

JamesRennie

Appears to be a death cross couple days ago. Trade range 6.5-7.7k. Need to break above 7.7k looking for a move ether up or down in the next week.

JamesRennie

Will Apple return to 200 MA this year. This would be the 4th time. Though it it breaks 200 MA it would be first time since 2009.

JamesRennie

Looking to retest 21 weekly MA while staying in wedge during likely April or May. If 21 MA can be broken it could be start of a long bull run with multiple retests of 21 MA.

JamesRennie

It looks like the price of silver may fall again. Yet if you try to buy Physical silver it's sold out. Will this price be permanently irrational or how long with it take for paper contract price to adjust. Should be an interesting road ahead.

JamesRennie

Looking for this week to also close above 200 MA. We may dip below 200 MA during the week. I am skeptical of large upward growth happening while most assets remain deflationary against the US dollar. Once people start to spend money again after all this printing is when Bitcoin should shine. Right now I am watching 200 MA not be broken on weekly, making...

JamesRennie

RSI is close to over sold. Weekly candle is sitting just above the 200 weekly MA. The candle is not ideal though if Bitcoin can find support at 200 MA it can possibly bounce from here. Could also see a close above 200 weekly MA followed by large drop below the 200 weekly early next week then a another close above the 200 weekly MA. These large short term...

JamesRennie

When observing this chart it is interesting to see that though the S&P 500 has preformed so well over the last 10 years. That on a 14 year time frame Gold is still a better asset to have held. It is only looking to get better from here.

JamesRennie

Looking to break above $142 and keep heading towards upper trend line. If ETH can't break this watch for test of lower trendline.

JamesRennie

Looking for a short term rally above the 200 MA to cause hope in the market. When people have more hope expecting one of 2 possible outcomes markets to crash or increase in spending to create hyperinflation. If the dollar remains stable the rest of the year regardless of additional printing then looking to see this uptrend. The down side target if it were to...

JamesRennie

Looking for upwards movement until first week of April. Then looking for horizontal accumulation period between 9000 and 7200. Looking for 50 day bolliger band with 1 stardard deviation to fit to this 7200-9000 range like seen in purple box. Looking for people to get excited as price rises to 8k range and see it get rejected at 8.5k to 9k. Then sideways...

JamesRennie

Tesla is close to retesting 200 MA at around $300 after this long crash. With markets down it's possible that 200 MA is broken and trend line support at $180 is tested. Though do to current market conditions systemic risk does play a factor and may cause a breach below $180. If the rest of the market can go flat or up it's not likely that $180 is broken. ...

JamesRennie

2 of the last 4 times Bitcoin went outside 3 standard deviations of 200 MA there was a major trend reversal after. This time it's to the down side will this signal a major trend reversal to the upside?

JamesRennie

Looking for Bitcoin to close today above the 6k support line then to retest 200 MA in coming weeks. Hard to say it will get rejected or break through the 200 MA that is currently in the 8K range. Bitcoin seems to often should huge volatility on short time frames then go sideways when there is expectation of a reversal. Testing emotions first and patients second.

JamesRennie

In the 1930's DJI fell into the low part of this bolliger band. There is for sure still lots of support before this level that might not allow a crash to this level. Though I think with all the money going into REPO markets each day with 0% reserve requirements might be the more likely reason to stop this. If there is many more $ available then the price...

JamesRennie

Looking for ETHUSD to move above 21 weekly MA it's got a long way to go. If it closes above 21 MA I think it's worth considering last week might have just been a fakeout.

JamesRennie

I noticed today that there has been a drop in the Canadian dollar vs the US dollar. We seem to be sitting at 2016 low. Waiting to see if this level breaks. So here is BTCUSD vs CADUSD over the same time period. Kinda boring to look at as you can't even see the CADUSD candles. Here is about 1 month before the previous high in Bitcoin till now. BTCUSD is...

JamesRennie

On the weekly I see no clear indicator that this can't go lower. On the daily chart everything looks like it should go up Short term future for ETH is not clear.

JamesRennie

Tesla is one of the companies that will likely do amazing in the future. The problem is when everyone thinks so future growth gets priced in or just flat out over priced. As stated in previous linked post looking for a dip to 200 MA weekly. RSI still has some room to move down. It will be very interesting to see if Tesla can become the largest car manufacture...