Magic-Charts

Magic-Charts

Looks like Bitty may make the run for 47k+ today. A good possible play could to to wait for a slight retrace to the top of the current fib sequence and than follow up to the 50% fib portion of the upper channel it is currently travelling in. * not financial advice

Magic-Charts

It looks like there may be a possible head and shoulders play starting on the BTC 1hr chart. If true, the left shoulder has been formed and we’re just starting to form the very top of the head with support at $33392. This move would bring us down to test a dynamic line & triangle top formed by the previous wave. Lowering volume shows that the bulls are losing...

Magic-Charts Updated 

Starting to map out some key zones that may come into play for Tesla as we move into next week. With news of FSD availability we may see a move up in price on Monday. More detailed analysis to come.

Magic-Charts Updated 

Right now it looks like BTC may be making an upwards move to start its Saturday. This wave could see it move upwards to 31737 where it may attempt to breakout of the current triangle that is within. If it’s successful in the breakout efforts - based on the measurement of the triangle - we could see a move towards 32200.

Magic-Charts

Currently cardano is down in the $1.18 after counting from it’s supply zone area at $1.15. With a continued up trend we could see it hitting resistance as it enters the $1.19 area and sending it back down to the supply zone. If it’s to break through resistance, we could possibly see it reaching a previous zone around $1.23 for further sell off. Personal research...

Magic-Charts

So it looks like $TSLA may currently be bouncing around inside of a triangle. It’s been sticking pretty well to the general shape. I’ve marked out a few targets, based on potential break points of where we may be headed. 

The over all entrance height of the triangle has been measured to ~3.07% price variance, so that number is used for guidance at the proposed...

Magic-Charts

It looks like TSLA is going to test resistance in the 689-700 range again today. This area has proven difficult to break before, but with good news yesterday does it have the power to break through? This chart contains some top level targets depending on the direction it chooses. On the 1hr chart, the MACD is showing that we may see increased bearish volume and...

Magic-Charts

This chart doesn’t have a lot of history, but if you start to look at it there are a few support and resistance points that are starting to get established. Using these as guidance I’m proposing two possible plays for Just Kitchen depending on the direction it chooses to travel in the coming days. As this is currently trading on very low volume, the measurements...

Magic-Charts

Doge failed to get through it's local point of resistance at 0.21900, but I believe it will head down towards its support zone and then make another attempt to break through the 0.219 zone mentioned. Allowing some recovery time to be sure of direction we can setup a long play that will take us to the main Fib level just below resistance. If the prices punches...

Magic-Charts

It's looking more and more like the 15 minute chart is painting a head and shoulders pattern that will lead out the 3rd part of a correction wave. Will it complete, or will it be a fake out? Perhaps a short with a good sized stop loss down to the 28k zone could work well.

Magic-Charts

It looks like BTC may be forming a Head and Shoulders pattern on the 15 min chart. It will still take a while to play out if so, but based on the measurements it could be another visit to the 29k level. What are your thoughts?

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Currently, as of this moment, it looks like ETH is playing very nicely … nested right inside the downtrend of it’s super fractal.

Magic-Charts

Looks like BTC may be trying to regain some of the ground that had been lost yesterday. We’re currently testing the local trend line to in what looks like an attempt to break out and re-test 39k and hopefully 40k.

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Update on previous charts showing the pathway for BTC down to 38.5 to target a potential bounce to the 42k zone. Timing would line up with potential inflation announcements in the USA being released today.

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Update on an earlier chart showing a new possible path to 38.5k for BTC in the coming hours. Noticing quite a bit of cross over around the 3-5 UTC mark which is highlighted, will this be the larger part of some action downwards?

Magic-Charts

Personally I believe in order for BTC to start it's rally forward that we need to head back down to the 38ish area first to act as a launch off point for the 42k area. Two possible plays coming up could be a short on BTC down into the 38k zone and then a flip from there to a long into the 42k range. ** This can only be confirmed if BTC trends down along the 3rd...

Magic-Charts

Two possible paths that BTC could take today see it landing in the same approximate position at the lower edge of the triangle. The first path (light blue) see us dipping into the 36.8-36.7 range and then coming back up to test resistance at 37.4k. The second path (darker blue) sees us traveling upwards for an early test of 37.4k, then back down and up before...

Magic-Charts

BTC is still playing with in the triangle and may be hanging out in the area for a few more days. Two possible path options are a visit back into the 37s with resistance levels from the 9th or breaking the lower barrier of the triangle and settling into the 35k area.