Looking for a leg down to complete a 4th wave in Nasdaq & S&P . The recent strength can be counted as a B wave with C expected down. A very long trend line and recent touches on it could amount to a bit of a snap if it breaks. C waves are often an impulse as well, so it could be a quick decline...
But it is a bull market so expect surprises to the upside as...
$MARK Remark Holdings did a full retrace after the recently seen meme run, if we go for a second run, it might be off of this levels.
It's nothing to do a serious swing trade on, therefore this is NOT a Setup.
But don't be suprised, if we see another headline day or two in this stock.
Maybe put a volume alarm on this one, that's what I do, and just forget about...
BTC looks to be testing the old support as a potential resistance zone and if it finds resistance here i think i will begin to head towards 32k at an 886 retracement from low to high. The RSI is below the 50 line just like we would like to see when breaking a bull trend.
KSM is in quite the range right now and if we don't get back above $246 soon we could be looking forward to alot of pain on this coin in the future.
The bulls most hold the 0.886 as support and if it it fails then the only remaining place to go would be the 1.13 all the way down at $2.07 I lean mostly bearish on this one until it proves itself.
I think XRP has had enough upside from here and will reverse between the 50% and 61.8% retraces.
A few days ago i was Bullish on XRP at the bottom of a descending broadening channel but we have since reached the top of this channel and are now showing signs of 4 hour hidden bearish divergence on the RSI.
If this continues and we see a reversal from here then i'll...
We have bullish divergence on both the RSI and MACD at an 0.886 retracement.
I will buy between the 0.786 and 0.886 and put my stoploss below 28 cents.
I will be aiming for 15-18 cents for profit taking.
As you can clearly see in the chart, the golden mean ratio (.886) was well respected, and resulted in a positive retracement.
In addition to the .886 being respected - the area(s) between $8.90 -> $9 which were once strong resistance in the past, were regarded as support. This has flipped the bearish sentiment, into bullish.
If you missed the entry at $9, one...
The is literally the final ground the USD has to stand on: Hold the 0.886 and you're off to test much higher prices once again.
Tweezer Bottom with Bullish Divergence on both MACD and RSI at the .886 along the bottom of a Falling Wedge at the PCZ of a Bullish Shark.
A few weeks ago we got a bearish engulfing on Gamestop that too back over two weeks worth of gains we also closed below significant bullish volume on the daily and now price seems to be stuck under the 0.786; I fully expect to see Gamestop make a significant down move from here especially as the initial hype for the new consoles die down.
Shark patterns congruent perfectly with institutional trading as price took both liquidity at the resistance and support zone before moving the opposite direction, expecting a drop from current market price mitigating the institutional candle at 88.6 fib retracement.
WE HAVE A BROKEN ASCENDING TL ON THE DAILY TIME FRAME. WE'RE STILL TRADING WITHIN THE DAILY CONSOLIDATION RANGE. LOOKING FOR A RETEST OF THE BROKEN TL OR 88.60% FIB RETRACE. THIS IS FOR EDUCATIONAL PURPOSES ONLY, TRADE SAFE.