TheLongBear

TheLongBear Jul 13, 2021

Bitcoin has been super quite and forming a bear flag . On the daily chart (right) you can see the ichimoku cloud is creating a huge overhead resistance which can be only broken with : 1. a big news 2. a v shape recovery following a crash, possibly to 20k 3. Spending long time going sideways If 30k support is broken, it is very probable we will visit 20k.

TheLongBear Updated  Jun 1, 2021

The chart says it all. It's forming a pattern similar to the previous correction. Over the next couple of days QQQ might be forming a bottom if 316 level holds and prepare for the next rally.

TheLongBear May 25, 2021

For me both tech QQQ and Semiconductors SMH are forming bottom. Any dip would be a good buying opportunity in my opinion.

TheLongBear Updated  Nov 4, 2020

Seems like spy is set for a post election rally. Waiting for a small dip in the upcoming days to enter long.

TheLongBear Nov 25, 2018

Starbucks is oversold and started pulling back. Finally the RSI dropped below 70. First target: 62.55 Second target : 60.70

TheLongBear Updated  Nov 23, 2018

SPY got rejected at the neckline 281 and currently forming an inverse head and shoulder pattern. Currently, stochastic RSI is in the overbought region. We can expect a pullback to the 270 level and then a reversal from there. Once the neckline is broken upward, we can expect a bull run till the end of December.

TheLongBear Nov 16, 2018

The weekly chart says it all. PG is extremely overbought. It touched the 161.80% Fibonacci extension at 94.70. Weekly RSI has crossed 70 today and pulled back. Probably it is time for a pullback.

TheLongBear Nov 15, 2018

The weekly chart says it all. If Twitter can't cross the overhead resistance at 36, then we are heading downward!

TheLongBear Nov 14, 2018

Apple has fallen from the tree. It is heading towards oversold territory. The Daily RSI of AAPL just shy of 30. Expected to reach near 180 very soon. This analysis is based on the weekly chart presented above. Case study: Strong support at 180.6 based on prince and volume actions. The Blue trend line shows a support at the same price level. 61.8%...

TheLongBear Updated  Nov 14, 2018

NDAQ is overbought on stochastics and RSI. RSI has dropped below 70. Showing the sign of a reversal after hitting the resistance.

TheLongBear Updated  Nov 11, 2018

The stock might stay between 102 and 116. Option orders for Iron Condor -1 TXN $102 Put 10/26 Sell +1 TXN $100 Put 10/26 Buy +1 TXN $118 Call 10/26 Buy -1 TXN $116 Call 10/26 Sell

TheLongBear Oct 10, 2018

Tech stocks took a big hit today and SPY (or SPX) has broken ichimoku cloud on the daily chart with a 3% drop. It could be the beginning of a bear market or a correction. We all know the big correction is due. Trade safe!

TheLongBear Sep 28, 2018

DTE is currently sitting on 61% Fibonacci level. Oversold RSI and stocastic. Bollinger oscillator changed direction outside the range and converging. I am bullish!

TheLongBear Updated  Apr 6, 2018

Welcome to the update for the Bitcoin Bear Festival. I am still bearish. We started the week with a nice bounce which didn't last and big red Ichimoku cloud was upon us as a resistance on the 4H chart. So we had a wild drop on price. What I see on the chart: 4H chart analysis: Bear flag detected (Black inverted flag on the chart) Tenkan-sen and Kijun-sen...

TheLongBear Updated  Apr 5, 2018

Hello darkness, my old friend, I've come to talk with you again!!! Yes, BTC goes into the freaking darkness again, and again ... and again. We had a fake bounce. Now buckle up for crash landing! Nobody knows if we can find bottom at 6k. Maybe 5.4k or 3k.

TheLongBear Updated  Apr 4, 2018

After BTC mama jumped off the cliff, bulls caught mama on 6400. Now they are taking her to 8th floor.. who know 9th floor or above is also a possibility. Daily Chart: Stochastics and RSI oversold with bullish momentum Weiss wave buy volume initiated We finished TD sequence (9th candle) with a hammer and bullish cross on Stochastic at the same time 1H...

TheLongBear Updated  Apr 3, 2018

As you all know BTC mama went for a bungee jump again and right now hanging in there below 7k. Good news is the RSI and Stochastic are already pretty low. We expect a reversal soon. 1D chart analysis: Stochastic oscillator: K is at 17 and D is at 24. When both of them go below 20 we can expect a bullish crossover and that would be a very good sign. At...

TheLongBear Updated  Mar 18, 2018

BTC mama took a vacation and went for Bungee Jump. BTC hit the support around 7500 and trying to recover now. I just want you to look at the Slow Stochastic indicator on the daily chart. It is oversold. If you pay attention to the two green boxes, the second one might end up forming a similar pattern like the first one. The box on the left corresponds to the drop...