Symmetrical triangles. Bullish breakout possible soon.
BitCoin, is retracing back to its long-term uptrend support line (near USD$3000). Parabolic explosive move up, now ended.
Blue arrow shows where BitCoin broke support around 9573 line. Yellow arrow shows old support, now acting like overhead resistance. Red arrow shows short term price target, around 7463.
Bitcoin- Unsustainable parabolic price action on a logarithmic Y-axis! Also, note the RSI indicator (lower), is touching 96.1 (profoundly overbought)! Short-term correction inevitable.
Prices of Bitcoin heading to lower range of bollinger blue band (red arrow).
NASDAQ 100 index, nears UPtrend support line.
UPtrend channel. Nearing lower limit of trand channel.
Bearish descending wedge forming in the S&P 500 index.
Note nearly every time the RSI breaks bullishly past the descending RSI red trendline, this corresponds to a strong rally.
If RSI breaks descending red sloping resistance line, potential for a strong rally.
The S&P 500 index. Monthly chart, ' The picture of power '!! Price action holding above the rising 20-period moving average, above the 200-period moving average.
Nasdaq 100 index Weekly chart. Outbreak from a Bullish Flag formed during an uptrend. Picture of Power-Very Bullish!. Price action above a RISING 20-period Moving Average, which in turn is above a 50,100,200-Period Moving Average (100,200-Period MA not shown).
Big picture idea. NASDAQ 100 index Monthly chart- The picture of power . Price action is above a RISING 20-period Moving Average , which in turn is above the 50, 100, and 200-period moving averages (100,200-period MA not shown). Bullish, bullish, bullish on so many levels!
Monthly, Gold chart. Descending wedge in formation.