This does not take into consideration any fundamentals of the company Divergence is bearish on most time frames
Massive bearish divergence on the daily... Making a near term double top... Nearest strongest support around 1500-1600..
Target 1 $21.50 Target 2 $19.50
Current Oil Price Wars made me look into oil... Very interesting to find a truncated 5th wave... Oil is approaching strong support... in the $15-$23 range...
Just a historical outlook on S&P 500... The prospects are not looking good... Everything points further down...
Target 1: $18 Target 2: $20 Target 3: $15
Possible bottom hit at 1.45... Bull div on the daily... Its already touched the trend line 3 times... Of course... all Crypto is dependant on Bitcoin´s performance... and its possible there is one more dip for BTC to the 5.5k area...
Could make a run at 9.2kish But if rejected hard at 8.8, and breaking support at bottom of rising channel, could fall to bottom of support around 8.1k, and if that breaks down to 7.8k
Just a long-term idea... USD vs the might Mexican Peso (MXN)...
Very bullish flag on bitcoin, banging against 8k resistance. Could break it. Watch 8.2k. Massive hidden bearish divergence on the 4H and 1D TFs. I´m thinking the retracement back to 7.5k is in play before heading back up to 8.8k. And then back down to 5.9k.
It seems we hit a double top, so gotta try again from lower... Just finished 12345 impulse wave up, should head down ABC correction... If truly bullish, should see a strong bounce at 10.8k, otherwise 10.4k... Double top as we saw seems to suggest bearish... so should 10.4k fail to hold, could go lower tu sub-10k...
Looking at a larger timescale... it seems we are just starting Wave C... which might take it to 4k... before a new bull run takes place... Just a thought to contemplate...
It seems Wave C has not been completed. We had a soft bounce at 9.6k... some sideward trading trying to push for 10k but failed so far. What appeared to be a closing wedge, no seems to be clearly a downward channel. BTC is pushing towards the upper end of the downward channel. Should bounce of it. We should be heading down within the next several hours... possibly...
I believe we are gonna test the downtrend line once more. High chance for rejection. Bearish feeling overall. First chart publish, open to all comments.