On the weekly log scale the set-up is unmistable. The potential is there. Time will tell if the potential is realized. #HODL
BTC has been consolidating in the 13K to 15K range. The Trend lines are clearly defined now. The sellers appear to be tiring. But no trade till the trend lines get taken out decisively in either direction.
Support is right here. Lower support at 11.3K, the double bottom support. Close above mid channel will target the upper resistance lines.
Once a WS darling BBOX has seen tough times. But recent insider buys and the stock way oversold on a monthly basis with improving RSI has me going long. Consolidation for past few months at lows shows the bears may at last be exhausted. Some minor good news can propel this oversold stock higher.
The South Korean missile damaged though could not destroy #BTC. Come to think of it the earlier Chinese cluster bomb did not have a long term effect on #BTC either. Nor the many many establishment nay sayers bad mouthing #BTC have been able to have any lasting effect on this financial game changer. Still remains in a well defined channel. First support at green...
After consolidation for 3 days #BTC is on track for 18.5K target.
and close above it will target 850-875 levels.
Sellers have not been able to close a single 4 hr. bar below 13K. RSI is turning up. Long to 15k tgt.
Testing overhead resistance. Need RSI to catch up. A test of around 10K will help the next leg up to 25K
The 6 months targets are shown in the chart.
After a brutal sell off TANH has stabilized and turning around. The first target is 5.20.
TWTR is turning its business around. First tgt. 24, next 28.
With Monthly RS making ATH just a matter of time before the stock moves to ATH at 28.
The chart looks very promising with first and second targets as marked.
The long suffering 3D stock has been consolidating for the past one year. Noe it's straining to breakout of the range, with the first target at 20, and then 24. Best.