After a successful exit of about 1/3 of my TSLA position at 883 and 939 (toot toot), I'm ready for the buy-in with the correction that should follow the parabolic move we've seen recently. On the 1D... fib retracement, MACD, RSI, bollinger bands indicate to me that this ~$800 stagnation isn't going to last much longer. Anticipating the beginning of the correction...
SPX looks to have formed a Bearish Divergence on both xSilas' Godmode and MACD indicators (bottom of my chart, see descending red lines). Candles are displaying a loss of momentum/buyer indecision at the top after tapping the resistance line (thick white ascending line) in the forms of an inverted hammer followed by a spinning top. It is also all sitting at the...
Per xSilas Godmode - we've got a bearish divergence forming (red lines). The current price is sitting at a resistance trend line (white line) and just above the .886 fib line - 2834.09. Wait for a drop below the .886 line and would put entry to short position a bit below there (I arbitrarily chose 2830) to avoid any false breakout and put bottom of Take Profit at...
Bearish Divergence on the BTC 4H. Short sell for the short term, take profit at $8,600 in next few hours and then back to uptrend.
Since early January, XLM has been steadily down-trending. What's easy to see is the Falling Wedge pattern that's been developing on the daily chart. Falling Wedge is a bullish 3-6 month pattern and we are nearing the 3 month mark (beginning of April). XLM can, and probably will, still drop lower before this reversal happens - hopefully, no lower than 16 cents......
Stochastic RSI is indicating a Bullish Divergence on the 1D. This is dependent on where BTC goes as well, of course (If BTC breaks down, target would be 23 cents for XLM -- under 20 cents if it gets ugly). If we find ourselves back in an uptrend, however, XLM will be popping over the $.319 mark within a few days. 36-38 cents, optimistically. This target is based...
Spinning Top candlestick forming on the weekly. xSilas' Godmode and Stoch RSI both throwing up cautionary signs on almost every timeframe. Hanging out at the top of the Bollinger Bands and looking for a reversion. Entry at $125. Stop set at $132 in case this thing defies all. Take profit at $109-$110, but may very well just hit Bollinger's mean and keep climbing...
Don't think I'm using the Long tool quite properly. Red is where I'd be preparing to exit -Stop loss at $327.26 in case of unexpected news or a strong sell off. Nice rally with recent news and with the market recovering. TSLA will open a little higher and be "overvalued" on Stoch RSI temporarily, will then retrace slightly (to 329-330) and start following the fib...
Bearish divergence on the 1 hour BTCUSD chart using Stoch RSI. Price target based off of fib fan/fib retracements. Waiting for break out down through the fib fan line, then price target 11.3k - 11.2k.