Even for short term corrections may happen, values are getting higher and higher each day. We can see the double dip to the purple baseline of triangle and than a steep upwards move came.
When the purple triangle will be completed, I'm expecting a steep rally upwards. First target will be 219 which as ATH (all time high) and than it will set a new...
This could be a key area for Bitcoin and it's dominance. Last time we had it this high was before the alt-season rally of 2017. If that was to repeat. The amount of gains in the alt-coins would be pretty large as a lot of alt-coins are at pre-2017 levels.
S&P 500 index funds has a characteristic, once the value breaks support of uptrend line it makes a steep downturn for a short period. Right after down movement, a new uptrend rally starts.
Let’s see a few examples, look at the green uptrend lines
In the short term we have two scenarios;
1. Green Arrow;
If the value...
Here is my vision on potential pricem movement of Bitcoin till the end of this year.
Price stays above the support and rejecting the uptrend trendline, which is a bullish sign.
If/when btc will hit a new all time high, this could be a pretty strong signal for alts to start outperforming btc, at least in the short term.
It could be the last time when many...
Price has consistently failed to break the 11.1k level on the daily.
Ascending Trinagles are a bullish chart pattern - We saw one forming back when btc was in 4k area, Now its forming at the the current price range of 11k-13k.
IF it breaks above we could be looking at bitcoin TESTING ALL TIME HIGHS!
But nothing is certain in trading - So DYOR as well!
S&P New All Time Highs - Risky Buy
The Emini and S&P 500 made a new all time high again today, leading many to believe this market is still strong. In some ways it is, but it is more important to realize it is also in a bull flag trading range. This makes it a risky place to buy up here. This is where strong bulls who bought lower will start looking to take...
First I want to mention this is my first TV chart idea and I'm no professional trader by any means. Take this idea with a grain of salt.
Based on my relatively simple chart, I think there's a good probability of Bitcoin hitting the 20k target during October of this year.
If this target is reached I suspect one of two scenarios. I'm leaning more towards further...
ROKU raised its third flag.
OBV at all time high
CCI(10) @50 - high resistance line
Price range at all time highs
Bollinger width show a relative squeeze.
Fundamental and technical analysis show ROKU as a good short-term as well as long term investment.