JamesRennie

JamesRennie

The weekly chart is still looking pretty nice expect to see suspected Eliot wave 3 carry on. Short term the shake out will happen on the daily and possibly some sideways or downward movement on the weekly. No change to the over all weekly trend in my opinion. RSI and over bought on daily and close to over bought on weekly.

JamesRennie

The RSI indicator is still showing room to move up on the weekly chart. Volatility is low but will likely increase. Next upside target is 10500 0.786 Fibonacci. I don't see why BTC can't pass the weekly closing prices of July/Aug 2019. Though it may not get up to some of the inter week highs of closer to $14k. I am getting to the point where I don't think...

JamesRennie

RSI is over bought on the weekly chart look for a reversion to mean to happen. Likely to 21 weekly but also displayed 50 and 100 MA.

JamesRennie

During 2017 rally when the market shifted to alt coin focus. Doge come would pump way up as it was a cheap viable way to move small amounts of money between a bunch of small exchanges. After all the hacks and closures have happened with exchanges it will be interesting to see if Doge can remain useful or not.

JamesRennie

Volatility is increasing and the indicators are showing a favorable chance that upward movement happens. Currently the displayed linear regression appears to be being broken. I think a top will be somewhere between 0.36 and 0.04. Unless RSI becomes over bought or volatility drops lower. This move needs to be fast up and then a large Eliot wave 2 corrections. ...

JamesRennie

I am watching the linear regression on multiple time scales. Weekly is looking very good. Hourly looks like a break out and increase in volatility could come very soon. A repeat of a sudden crash followed by a sudden spike in less the 72 hours like previous moves would not surprise me. Seems during this market bulls are liquidated then bears are liquidated...

JamesRennie

All the indicators are showing upward trend. Bitcoin might have enough strength to go over 10K.

JamesRennie

Look what happened last time the weekly hit the top of Bollinger Band. Price assumptions are from a previously posted idea.

JamesRennie

The last time this stock was lower was after 08 market crash. The quarterly financials are bad. If they can pull off the expected $3 EPS for 2020 the upside on this stock is huge. With an industry average of 26 P/E so just $1 EPS would put them as a better value then other companies in that industry. They are highly leveraged but both there quick and current...

JamesRennie

I have attached my idea from couple days ago this is an update. Yesterday had a very bearish candle to end the day. Watch for reversion to mean at 200MA keeping in mind that the moving average is just the a moving target. Watch for gap fill around $650. I gave 4 other examples of reversion to 200 MA. The RSI is at all time high on weekly. I don't see any...

JamesRennie

About 3 weeks ago ETHBTC broke out of the decending wedge formation see on chart. Right about the same time it also broke through 21 Weekly MA. Can it break out of the second wedge I have drawn out in the next couple weeks. It looks probable after the the next targets are 50 weekly MA and 100 weekly MA both presenting substantial gain potential.

JamesRennie

Eth is currently sitting slightly above to 50 weekly MA. It needs to start above the 21 weekly and continue to show strength. Parabolic SAR indicator looks good with it marking below the candle sticks to show an up trend. The Vstop indicator remains bearish with red indicator above candles. Next upward target is 200 weekly MA.

JamesRennie

The volume on this stock looks very nice. The risk reward does not make sense to be a buyer at this price. Though anyone holding has been having a great time. As the chart has gone parabolic a harsh correction is inevitable. Looking at a likely 80% drop after this parabolic raise. If this stock were to FOMO to physiological support of $1000 i'd not be shocked...

JamesRennie

Expecting to see around 50% retracement after Bitcoins next run up a likely Elliot wave 3. Used Parabolic SAR just messing around with it to see how it works. This chart is mostly a mixture of trying out a bunch of ideas rather then showing any really clear indications.

JamesRennie

Based to previous top and bottom current trajectory of LTCUSD is illustrated. On the weekly chart the image was not coming out clearly. I took the 21 weekly MA multiplied by 7 and switched to daily chart. Though calculated MA won't be exact the image is much more clear.

JamesRennie

Watch for stock to try and stay above the 200 MA if it does dip below 200 MA the likely hood of death cross in linked post is much more likely.

JamesRennie

The chart appears to show ether a break out from the linear regression channel upwards or a death cross is coming. It likely about 60% chance of death cross and 40% chance of continuing it's short term trend and breaking upwards. Interesting how they have accumulated about 50% more debt very quickly yet in that time frame revenue only went up 10%. A 1% interest...

JamesRennie

I tried to mark as many technical and physiological resistance and support as possible. Making the chart not really easy to read so I'll include few images below. I used fib lines, 21 MA, 50 EMA, 100 EMA, 200 EMA. Physiological supports like $100, 200 300.