After BTC broke down from the head and shoulders pattern there was a retest of the neckline. At this time BTC is currently trending in a falling wedge which i believe to be bullish. Technical analysis in my opinion is an art and subject to interpretation. Please do your own research before investing into a volatile asset like BTC. Good Luck! FYI: Blue lines...
I believe we could see a big move to 0.13 cents
As the price of BTC continues to head to the previous ATH FOMO traders will start to look for stocks correlated to the price of BTC. Expect a major move higher in $MARA and $RIOT.
With the FED allowing inflation to run hotter than normal look to the BTC miners for gains. Long on MARA!
We seen a pretty powerful move in $JPM forming what looks to be a bull flag, can this pattern continue and breakout to the upside? I believe so with the possibilities of stimulus or vaccine news.
Long on Roku
If we can successfully break and find some solid support at the current resistance level mixed with the fact that BTC is currently at the beginning of a bull market we should expect to see more upside.
We had a breakdown from our previous analysis. However, once we stay above our yellow trend line support we maintain a bullish bias. $BA is still a BUY in my opinion GL traders!
RTX has broken its red trend line support after earnings. I continue to think RTX is undervalued. We have a level of support at $57.35. Watch for a retest of $63.30.
CGC on watch for the next coming weeks. Watching for break and retest of yellow trendline resistance.
$NFLX has not broken its uptrend this stock can go higher!
I think JPM goes higher!
Expect a move higher in the next few weeks
Playing for a sector rotation from big tech into value. The Aerospace sector has been beaten down and I think there is some short-term opportunity here as drug makers enter phase 3 trials at lightning speed. Not to mention defense spending could continue higher.
Short-term Bullish on AAPL! Price target 395