faiyaz7283

faiyaz7283

Bitcoin price hitting a 7 year long daily support zone. I don't see a single day candle closed below it. Maybe this time we break under it and break the trend, or bounce from here and keep the trend.

faiyaz7283

SPY finally got the 5% correction at the beginning of this week, and then it was quickly bought out rest of the week. SPY ended the weekly candle up 0.57%.

faiyaz7283

So far January has been the most volatile month, followed by Feb, Mar and May. September, at times felt like, might really do some damage - but we lacked in volume to do any real damage. But check out the natural curve thats forming for this whole year. We are now towards the tail end of it - maybe we end September on a mild note, and then Oct, Nov, December - we...

faiyaz7283

SPY broke the support - and then very next day - it rallied back 0.84% - to close back inside the channel. We are back inside. Two more days left for this week. We also have options expiring this Friday, so maybe some more shenanigans.

faiyaz7283

Just observing SPY's price action. I have drawn a rising channel which contains the price action for SPY since early last year. Friday we touched the bottom of the channel and closed near it. Looking back, this support line has been tested 8 times before. One successful crash (red circle) Three failed break (yellow circles) Four bounce and reverse the next...

faiyaz7283

Over 5+ months long - Cup and Handle formation, coming to fruition. Oversold on RSI and Stochastic signaling an uptrend. I am looking to enter around $36.66 breakout with around 50% or more volume than the average of 10 days. Stop-loss 10% down at $32.99 and PT 20% ($36.72) and 30% ($47.70 ATH) - and maybe let some small runners run beyond that.

faiyaz7283

BTC followed through after the reverse head and shoulder, and the 8/21/50 EMA. Both shoulders touched the 21 EMA, while the head came close to the 50 EMA and bounced. Also we can see the double inside days (04/11, 04/12) with the latter high passing the previous high - signaling a possible uptrend, and the next candle we see a major breakout.

faiyaz7283

I am noticing a head and shoulder formation on the daily chart. Shoulders hit and bounce off of the 21 EMA, and Head bouncing clean off of the 50 EMA. Looking to see if price can break out.

faiyaz7283

I am looking to see if I can detect a visible support line. So far the above line has held thru 6 attempts of breakout. Also, the last two bounce seems like a double bottom. Let see how the price moves from here.