Everyone has been seeing this massive triangle for the past couple months. But there are also these mid sized, and smaller triangles within the main one. Everyone has been wondering what the next direction will be. I think all three triangles will tell it.
I think that BTC has clearly been in consolidation over the last couple months. What consolidation means is that a big move is coming? So which direction? That's the question. I think a body of a candle outside of the grey box implies the next move. Thoughts?
It's pretty clear to me. I much prefer slow, steady, and stable uptrend (not to mention correcting the recession he inherited), vs this schizo highly volatile bullshit.
It's certainly on the table. I personally don't think it's going there, but it's certainly on the table, and doesn't mean BTC isn't still going up long, long term (Talking years).
Personally I am not sure what to this about Elliot Wave Theory, but the start of this bull run, looked very much like the 1-5 impulse wave, followed by the ABC correction. If true we could be starting a new impulse wave up. Thoughts?
I realize there is a lot going on with my charts, so here is a better view of the Waves.
First of all this is not trading advice, saying that seems to be needed as a standard disclaimer. Now to the meat of the post. Was today a dead cat bounce on facebook, or a signal of a short term downward trend reversal? All my long term charts are pointing up, but we obviously have had a short term reversal due to the Powell Put (this actually sent the market...
Disclaimer: This is not trading advice, just my perspective. BitchCoin's long term trajectory is more clear to me now. I call it bitchcoin, because it doesn't really play by the rules (e.g. yesterdays incredible swings and volatility.) I do a lot better trading stocks, then this unregulated, and subsequently unpredictable "Stock". But the chart is clear,...
Disclaimer (because maybe this might need to be said?): This is not finical advice. This is just an idea I am publishing to share it (because I think it's a pretty good one), and get feedback on, to hopefully make better for the benifit of us all. This is just an idea I am publishing, to start a discussion. The chart at this point is meaningless. It's just the...
In the entire course of this run up, on the 4h, it has never broken (on close) the 90 moving average, or even tested the 200. We have had both occur in the last two days. This definitely signals a break of the uptrend of the last month. The TSI, and the MACD always lag a bit behind, but if you look at that RSI, and that STOICH... I am guessing it's going up from...
QCOM has had quite a run, but this has been overdue for quite some time. It took longer than I expected, but it's finally flipping on multiple short term time frames. Qualcomm, from my observations moves in multiples of four time increments on this chart. Anything less than eight minutes is basically meaningless, unless you are day trading a run. Essentially...
I was looking at this on much shorter time frames, and thought I would zoom out to see if longer term agreed. Here comes gravity.
This is counter trend as 71% of options are on calls, but's it's so overbought right now, it's not even funny. A retrace is inevitable.
Once again, as it continues it's trend up to possibly 206, it's way out of bounds on the short term to get there. I think it's going down again as a retrace on it's upward trend.
All stocks, and all trends follow the same rules. They go up, and they go down. They can trend in one direction or the other, but on the path of that trend they always both go up, and go down. AAPL has done nothing but go up for over a week. It's well overdue for a retrace. Especially in light of losing patent infringement lawsuit with Qualicom, not to mention...
It's far beneath the linear regression, has hit all the lower level POC, MACD is crossing, PSAR is converging, Super Trend is close to reversing, EMD and MA (if you put them on a shorter time frame, they already did) are converging to flip to the up. Bar charts is showing 58.6% calls. I often don't trade with these trends, but given the above, I am on this one.