First of all, I sure as hell hope this level holds, if not, we can very much be in trouble. With day after day showing nothing but bearish price action, we can very much, for the first time in history, break previous lows in everyone's favorite asset, Bitcoin... I, as well as many others are hoping this is the bottom. but if selling pressure continues, it is...
After a nice move to the downside, it appears we've back tested some resistance. unless the price pops up and over the 8200 range and holds, I will be looking to test at least the 7200 range. I will be keeping an eye out for a nice bounce around that lower range to between the 8200-8700 areas. if we can bounce and hold above the 8760, I can assume another back...
ETH breaks out of the triangle to the up side, with a target of 265, which is also the bottom of the last triangle pattern we recently broke out of, although I am short term bullish, I would want to break up and over that previous triangle to turn into a moonboy
SQ, looks to have retested the top of the symmetrical triangle, the daily chart still looks bearish in my opinion, but as weeks go on, and we see a double weekly close above that support, I think it's safe to enter in for some serious long term investors. As always, it never hurts to dollar cost average into great companies, and play options along with small time...
ETSY is a great company, a nice platform for D.I.Y.ers and home creators, buyers and sellers. I have spotted some similarities in the price action with current price action and action from april of 2017, before it ran up almost 65%. although we are currently in a descending broadening wedge (a bullish pattern) so I would want to watch for a correction before...
Some may have been scared to reenter in BTC positions as many major moving averages begin to look bearish. A few things I would like to point out to the bullish case. First of all, we dropped right down to the 200 EMA and began to bounce around sideways for a bit and now we are currently riding the heavy upward support coming off of the previously had double...
Wow, the Dow! a huge indicator for economic wellness has plunged! point of recovery is 3 possible areas. I 'm looking for a retrace to the golden pocket area short to mid term. Best case scenario is the 18055 level, second, the 15192, worst case scenario, the 11439, and even lower possibly. I know the corona virus is gonna be blamed for this, but we all know, the...
SQ, I am long term bullish on this stock with a target of 126 by end of the year, but the recent lower low as well as a lower high can not be ignored. SQ had a really nice earning beat which caused todays pandemonium, running from yesterdays close of 77ish to 85ish USD. Congratulations to anyone who was able to play that huge nasty candle this morning, my long...
Simple analysis here. we are currently dancing around the 77 dollar level, but this support looks weak based on the VPVR. once we break down from the 77 dollar range, next support on the volume profile looks like it'll try to bounce at the 69 dollar range with a possible continued drop to the 62 dollar level. It's gonna be a wild ride in my opinion, but it's safe...
To all my dollar cost averagers, and buyers of dips, I believe a huge opportunity could be in the cards for ETH. After pumping 150% I am not surprised we are pulling back, especially with the recent price action for Bitcoin. I am very long on cryptos such as BTC, LTC, and ETH, looking to reenter a trade at the 190 target. I will be looking for a huge bounce if ETH...
Looking at AMD, under the scope of the fib retracement tool, it looks like we are getting a rejection off of the 0.236 fib, if we can not close a daily candle above that, I'm expecting a pullback to at least the 0.382 fib level. it would make sense to tumble down to the golden pocket area of which is confluent with old resistance before it broke out. that target...
Since breaking down from the ascending channel, we've put in a bearish retest and rejection from the bottom of that channel. Currently sitting right on support. I have a measurement of the Fib retracement aiming at the 8261 level for the golden pocket retrace, which is also confluent with the 200 EMA. I'm bullish long term, even though we may even retest as low as...
AMD has been tearing through the markets, hitting 52 week high almost every week for months. I am not surprised to see pullbacks like we have been seeing in the short term, especially with all the fear and uncertainty in the markets, as well as the FEDs QE not QE money printing, which may be some cause as to why markets have been rallying so hard. I am watching...
ETH has had some nice consolidation, along with most other cryptos in the space. A couple things i'm looking at is the golden pocket retracement, if we break down, with a target of 182, at which I will buy A LOT more ETH, or sit on my bags if we break up, target out of the triangle pattern is 331.71, target out of the bull pendant is 452.93. my long term/ minimum...
Hello, I hope every one is doing ok, after yesterdays dump. Are people selling off and allocating funds into safe haven assets such as gold, or bitcoin? Lots of talk about the Cervesa virus and incoming financial weakness is likely to shake people out of the markets. I personally am hedging in assets such as BTC and gold but am also playing with a portion of my...
LTC had a great start of this year of 2020, My long term target is in fact still in play for 400 USD minimum top target. But as with all bull markets, pull backs are to be expected and prepared for. Currently, LTC is trading inside of an ascending channel, which is a bearish pattern, statistically. Also, over the last week, we've been putting in lower highs and...
Sellers may be stepping in to take profits pre earnings. So far, we've only dipped into the channel a couple times and right back out with momentum, but did manage to put in a lower high. We might be doing some retesting on the thick black line I have as support. If that breaks I will look to the VPVR support to hold at 81.40. After breaking out of the ascending...
If this plays out the way I think it will. I'll be looking at the resistance levels and targets marked for pullbacks or S&R flips (support and resistance flips). So far, my cup and handle theory looks to be holding. If it doesn't hold, I'd be looking to retest the neckline of the cup and handle breakout for support. if that breaks, well hopefully the support on...