BTCUSD Update: New high made at 5420 which is just above the 5385 level which happens to be the 1.618 extension of the entire recent bullish swing. This is pure greed and euphoria in action, and for those who do not know yet, a hot market usually cannot sustain this rate of momentum. I have been cautious up to these highs and I am staying away from any new swing...
I see a 5 wave Elliot Wave Theory completed at 5k with an A-B-C retracement that took us down to 3k. This is when Dimon and friends called bear and started buying. It looks like we completed the retracement and are now in the middle of another 5 wave bull. Using fibonacci levels extended from our old ATH of 5k to our low on this retracement of 2950, the 1.68 puts...
Markets making all time highs foretold back on Aug 22 when the bullish setup was evident. We posted this back then just 3 weeks ago. No surprise that it is now at all time highs as expected. It's all in how you read the charts.
Bull flag in the form of an ascending triangle. Entry point is placed just above current resistance at ~$82.50. Looks like bulls want retest the $100 mark, so profit targets are set at key resistance levels as they correspond to the Fibonacci retracement (78.6% and 100% respectively) from the most recent all-time high (GDAX: $98.28). The $77 price point correlates...
We may be coming to new All Time High after double bottom and bounce from uptrend line if the volume will be sufficient
The chart of $SPX is setting itself up for the next All-Time Highs. Should be interesting to see how high it will go this time.
Using Fibonacci extension of 1.61 from the pull back after the last high. You can see that Fibonacci works well for bitcoin as I have the retracement on there to predict an accurate reversal point. The Elliot Wave theory also seems to show that there is more to come from the current impulse wave.
BTCUSD Update: Continuing to push all time highs now almost a week after the hard fork. There are no resistance levels except for psychological whole numbers like 3500. As strong as it is, nothing goes up in a straight line, it will retrace. When exactly? There is no way to tell, but we can get an idea as to where it can retrace to. The closest support level is...
I just spent an hour explaining this chart on YouTube, so I won't do it here. But long story short - BTC is breaking the Bank in Septemeber. Cash In so you can Cash Out - LIKE A BOSS! Big Bank take Little Bank & Scared Money DONT MAKE NONE!!! Stay Cryptic Ya'll. BK
I am waiting how price will fight with #alltimehigh. I´d like to say I am sure the price will go higher. Maybe small correction before, Maybe not. I hope some of my stocks will outperform x more times than nasdaq for next Qs.
Short term short opportunity has presented itself in the form of a SHS pattern, which formed as a result of the recent upswing in price and volatility. Neckline to peak measurement suggests we could retest $42.29 (.236 fib level). However, I believe that support at the $44 level will hold, and serve as a base to continue the climb upward. Based on LTC's past...
The curve moves within a ascending triangle pattern – RSI & MACD lines indicate an uptrend. If ETH breaks resistance within the next few hours the former resistance will become support. If LTC drops after its rally yesterday, the volume on ETH could rise significant and it could be even possible for ETH to break the second resistance and set a new all time high....
$NAME is up 10% today. After rebounding from the bottom as an IPO stock, $NAME is looking to begin it's rally to possible all time highs
Transunion $TRU is staging a strong comeback on the daily chart with a rebound candlestick followed by a gap. Looking at all time highs before month end.
Potential triangle break + rebound on price channel support. Target: fibonacci extension levels or previous swing highs. Potential longer term All Time High re-test.
As we all know, inside bars suggests a continuation of the trend or a reversal of it when forming on notable resistances/supports, USTEC has continued its journey to the moon after the recent huge decline. Buying a stock after reaching an all-time high, after retracements, is alright. I've been holding two long positions for the past weeks with an open TP, and I...