Extrapolations from MACD, RSI and price action trend lines suggests a rather volatile 12 months around the corner. To time the fall is obviously going to be difficult but it appears as though market conditions are tempted by such a move....
VIX is riding the MACD support and price trendline support very casually and non-chalantly. It feels like it hasn't started to flex yet...but when it does....well good luck shorting it.
I love RENKO charts for their noise reduction. Where is support on this chart? Seems to me like $35 is really the only decent place to buy according to the RENKO candles. Good luck bulls!
It should be perfectly obvious where the next move is. Rejection from MACD and RSI support line basically spells the end of this bear flag. See you at 3300 bulls!
Well the bulls just lost the .618 retracement level so next area to buy would be the .786 for a possible bounce to the top of the wedge/resistance line. But if I were to put money on it I'd say that actually wants to retest the .87 level this year. Good luck bulls!
Yikes yikes and more yikes!!!! Double top on price action and on MACD. RSI has broken local support line and price is at the 1.618 Fib circle resistance.... I will not buy gold until around $300 per ounce.
Yeah no. Long term TL is being challenged and price is at important reisstance on the RSI, MACD and price support turned to resistance. Confirmation should come soon for the next leg down.
Once that RSI support is broken this will be total free fall!!! Let's go BEARS!!!!
People will know what it means to bag hold after this. There are still traders who believe this is a bull market and are ignoring the macro economic situation. I really think that we'll see foreclosures on mortgages soon like in '08. Respect this bear market or get rekt.
Yeah bearish divergence here and looks to me like next stop is the $15 area. $5 EOY is my target though and it will be nice to to take the money from the FOMO kids until then.
I will be looking for high R/R short trades for the middle bolli band target lining up with the .618 fib retracement of entire bull market history.
Looks to me like it's gassed out in this rising wedge structure....the middle bollie band for AAPL is the pink line and I believe we will be seeing that by this summer.
Bearish signals all over the place and by end of March will have broken the descending triangle horiznontal support. BTC - $120 is where I buy.
I really don't see this moving higher. 15 minute chart shows macd wanting to cross bearish...rejection off of important fib level....bulls need a miracle here to reverse this bearish developments imho.
Bearish RSI divergence on the 1-hour chart. Will be a beautiful short tomorrow!
WIll history repeat like in 99? You know what they say history rhymes.....
One last move up for some good ol' MM manipulation so that institutions have more time for distribution and to line certain timelines up regarding the vaccine agenda. Overall I'm a bear but VIX is fixing for 13 end of Feb after todays lower low.