Coming off of a parabolic advance to nearly 20,000 US dollar bitcoin's previous move acts as one big pole upward that ultimately leads to a massive multi-year ranging channel. Zoomed out we're essentially inside of one giant bull pennant. We have set consecutive higher lows, and lower highs, meaning the market is compressing. The recent drop in my opinion is...
This entire stock is being propped up, and as tariffs are enacted the sale of heavy trucks will decline as the trucking industry's workload declines. The sale in heavy trucks is cyclical with stocks and these stocks tend to drop the most just as heavy truck sales start to slide. Vice versa, by the time the correction in sales bottoms out stocks have already...
As general trends extend, the period in which retracements/breakouts occur extend as well. This can consistently be seen with Bitcoin and many others coins that have stood the test of time. So far, there have been three long periods where Ripple has retraced. This first period consisted of 12 red weekly candles , followed by green. The second period consisted of ...
Clear inverse head & shoulders forming, should break up to $5200. IF we can hold that level & grind up to $5300 the bullish movement will continue.
If we cannot clear & hold $5200 within the next 24 hours price will likely dump to $4800 leading to an eminent free fall to where we started.
Overall I am leaning towards opening a low leverage short somewhere...
