Bitcoin is forming a textbook Adam and Eve bullish pattern, if this thing continues to play out we could see the next parabolic run up of this coin. The coin has also broken the downward trend while forming this new pattern. Post your comments, questions, and ides below, I’d like to hear what others think.
With F reaching the end of this ascending triangle with plenty of room on the RSI and STOCHASTIC RSI. I can see this stock making a nice run too the mid $11-12 range in the coming days. What are your thoughts on this?
Apple’s stock is forming a nice symmetrical triangle on the daily. You can see the clear consecutive lower highs and higher lows forming a nice symmetrical triangle. Got the target price after breakout, based on the percentage between both the first lower high and higher low.
Is a cup and handle forming on the the weekly for AAPL? We are currently forming the handle and may see a shift to the upside once the 0.618 fib level is achieved. The RSI is also looking good at around 46 for the weekly and 28 on the daily indicating a move upwards can happen. I still think that AAPL will be a $230+ stock by the end of this year. Thoughts?
Some people are saying that BTCUSD is forming a head and shoulders. This is false, in a head and shoulders formation both the shoulders are lower or higher than the head depending on wether or not it is a normal head and shoulders or an inverse one. I’m not saying that we can’t go down and if we do I plan on buy some more at a lower price, I also think we will...
If AAPL were to drop to the 0.618 on the fib retracement I would definitely buy back in. As of right now I’m thinking Puts would be the best. This is considering the inverted hammer on the daily and fighting heavy resistance around $215. I got both Puts and Calls in place right now. Incase it were to continue running up. Only time will tell. Good luck and...
Looking at the daily chart for AMD two things stick out to me. 1. The symmetrical triangle The is forming with clear resistance and support lines on both the chart and the RSI chart. 2. It is bouncing off both the support and resistance lines to form this symmetrical triangle. What are your thoughts after looking at the chart?
Is Litecoin moving lower to the 0.618 fib level or will it stop at the bottom line of the upper trend line?
EA on the daily looks like it is in a good place to jump higher maybe to the 0.618 fib level. The RSI is bouncing off of the support line. What are your thoughts?
EA on the daily chart is looking to spike. Still a lot of room before it gets to the .618 fib line. The daily RSI isn’t in a bad spot either and can really lead the stock upwards. What are your thoughts on this?
If you compare the last time AAPL dipped you can see it got rejected at the .618 fib retracement level, it then dipped below that level then bounce off the support level. Could the same happen this time, AAPL is currently above the .618 level could we see a dip the bounce higher or will it still just make its way higher without testing previous support levels?...