


1 minute ago We have a couple of things to be concerned about here: - broken the long standing pitchfork channel we’ve been riding - closed below 150 day MA Strength is not there...I’m expecting some dumpage
This OB looks ready to break and while all indicators are bearish, we finally have a cross of the 8 and 55 daily EMAs which should be the final nail.
This channel is long standing and proven. The bullish divergence on the daily is also promising.
MACD is bearish and short term supports have been broken....its time!
All these bullish Elliott Wave posts showing Wave 5 bringing us to $20k etc is getting me thinking... I’m no expert on Elliott Wave but I know TWO things about Wave 5 characteristics: 1. This is the fomo phase where retail piles in and sentiment is straight bullish 2. Wave 5 is rarely the longest wave, in fact it is often of similar size to Wave 1 So based on...
This resistance is sure to break and another 20% blitz could be on the cards!
Looking at this consolidation pattern and the MACD and Stoch RSI compared to previous action on the daily tells me that we could see one more parabolic move up to the next major fib line before a possible big corrective move. We are already bullish on Stoch RSI and nearing a bullish cross on the MACD which is in line with the price action just before our last...
We look to be breaking the 800hr MA which has been support this entire run....from there the support we’ve tested thrice should then also break, plunging us to the depths of this channel
We see a great bounce off weekly support and the 200 day MA, plus a couple prods of the new resistance. If we maintain momentum and higher lows, I think we could breach resistance and go for a new run.
ABCDE waves in play...lets see where she breaks!
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Break this 1hr bearish breaker and the home straight is on!
Just keep watching the price action against the 50hr MA. As long as it keeps bouncing, we will continue to go up. Break it significantly, thats our reversal sign!
This run has been unstoppable...right?
This bottom trend line is on fire and we are coming to the last 25% of this giant triangle....a sure buy right now!