LULU Bullish Ascending TriangleReally nice bullish ascending triangle has formed on LULU. I believe the price will easily climb back up to 385 from here and then I will be watching for a breakout of the triangle. Price may hit resistance at this level however, If a breakout does occur I am confident LULU will hit new all time highs. Also, a nice bullish pennant has formed on the 15 min chart which further supports upwards price action in the short-term.
Alltimehighs
Ethereum Getting Closer To Setting New All Time Highs 2021Ethereum has been on a complete moon ride the past couple of weeks with not much signs of slowing down. Yesterday on January 4th we broke slightly past the 0.786 on the Fibonacci Retracement trading slightly past $1150 before coming back down into the $1000 - $1050 range were it currently is trading now.
I believe we can expect another pump up to $1150 from these levels to retest the 0.786 on the Fibonacci Retracement at $1150. The next major resistance level for Ethereum is the previous all time high of around $1420 - $1440. Once Ethereum breaks past its previous all time high we will enter a new price discovery phase and set new all time highs. It is extremely overbought blasting past the 70 on the RSI so buy with caution. Everybody should have Ethereum in their portfolio!
Safe trading and investing. Cheers!
Short term bearish trade idea (buy the dip) $23,650 (bitcoin)-Yurlo - lease tap that like button for me 👍🏼
We've reached the previous local top (resistance) now yes things are very bullish however I'm looking for a slight pull back here going into the daily close before we continue to the upside this upcoming week.
Strap in.... volatility is here and likely to stay for some time considering we're in price discovery mode.
Will post attached updated with visuals upon daily close.
S/R FLIP (bitcoin breakout - $23,850 needs to hold as support)-Yurlo
$23,850 is an area of interest for me, anything above this is considered bullish especially considering we just broke above the downtrend just like I anticipated in my previous posts.
Mt target is $25,400 in the next 24-72 hours ish, give or take depending on volatility and how Monday opens but Greyscale also bought 10,000 BTC (bitcoin( just last week)
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BTC in a nice UpTrendThere is a couple ways I could of drew this in but any way you draw it in shows the same thing, we are in a nice up trend, we created a ATH had a rejection then moved straight back up and created an even higher ATH before having an even smaller rejection forming higher highs and higher lows which is very bullish for BTC
Bitcoin 4H Chart looking to test 15.7k i do alot of my charts based on fib retracements fib circles and fib channels and we smashed through this one where in right now minor retraces on the climb up but im longing it
(Trade with extreme Caution)
crazy volume in the markets
just my idea not financial advise
SPX To 3500 by Friday, Weekend Update - 3800+ ComingThe aggressive pullback we saw after President Trumps tweet was the perfect set up for a bear flag to form and push down further. That didn't happen, instead all the market did was push and grind higher.
This tells us, all time highs are coming. This tells us now is the time to be aggressive. The market still needs a consolidation, a 4 hour higher lower. But it wants to go higher.
Look for a pullback Monday/Tuesday with a push up to 350+ for Friday.
It's important to understand when the market is consolidating, trading in a range or chopping around. It's even more important to identify when it is in an aggressive uptrend. Now is that uptrend. Now is the time to be aggressive.
If you missed out on July/August runs or suffered from FOMO off the March lows. This is your opportunity. This is the time you need to take advantage of the uptrend.
Amazing Week For SPX, Big October Coming 3800+SPX - Three weeks to go to election. Pretty amazing price action this week. After a scary push down on Tuesday. Wednesday, Thursday and Friday did nothing but go up the rest of the week.
SPX is due for some consolidation but all indication is SPX is going to have a big October including a test of all time highs and beyond.
3425 is a key level to hold on any pullbacks. If SPX can get over 3486 it opens up 3528 and 3579 above. 3486 is the final key resistance before 3600+.
Below 3425 is 3411 and 3389. If SPX loses 3425 look for longer term consolidation or sideways range bound action into the election.
SPX was stronger than NAS. It reached it's key resistance level at 3486, NAS is still under this level. BOTH NAS and SPX will have to clear their key resistance levels to test all time highs.
Avoid the noise of why the market is going up or why it can't go higher. Let go of your own biases. The price action is telling us it is going to test all time highs. If this changes we will change with it but don't let bias or fear hold you back from the opportunity that is currently being presented.
Bullish Bitcoin..I am quite bullish on BTC right now..
Might deploy some capital here..
Grinding up slowly after the halving, every attempted dump so far has been bought back up and now we are showing no weakness to the downside.
Indices across the world are starting to look bearish, is this where we see a decoupling of bitcoin and legacy markets?
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MNLZ
Online Retail. V-Shaped recoveryIt is rare to see a real V-shaped recovery, IBUY will most likely test previous all-time-high.
$54 to $56.5 is an important range. To see it more clearly, just zoom out, or use a weekly chart.
OBV has been indicative... as we cross above or below the 200sma, we can see OBV start a trend, either down or up, in conjunction with the 200sma. After our most recent cross above the 200sma, OBV is reaching 1-year high.
Watching closely for a new breakout, which will possibly be followed by a re-test the previous highs.
IBUY top-10 portfolio holdings with weight %:
CHWY (4.89%)
STMP (4.79%)
NFLX (4.01%)
PETS (3.83%)
PTON (3.56%)
GRUB (3.48%)
AMZN (3.35%)
CHGG (3.21%)
UBER (3.20%)
FLWS (3.11%)
PG - Ascending triangle breakoutSummary
We have tested $126 over twelve times since December 16th.
Yesterday's move closed above this resistance; and we are confirming today going to all-time-highs.
Technicals
RSI(14) @62.5 showing relative strength but not overbought
OBV is trending higher confirming the move
To set a short-term target. You can measure from the bottom of the triangle and add that on-top of the triangle breakout. In this case; the measured move is at $136 approximately.
RRR is 3:1
ORBEX: SPX, DXY: What's Next For Indices?In today’s #marketinsights video recording, I talk about #SPX and #DXY.
SPX keeps going up, and with structural variances playing in we could see fresh highs reached in no time. Will the US-China situation and a dovish #Fed boost appetite for equities more?
The US Index, on the other hand, should be watched cautiously. Will this upside impulsive move turn out to be another correction or the real bullish deal?
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
The Quarter Four Bitcoin TradeEntry : 8805.
Stop : 8570.5.
Target : As high as it'll go.
Bitcoin has struggled to make meaningful reversals this year after hitting 14KUSD a coin, shown in the slow bleed-out and breakdowns.
I believe after finding a potential bottom at 7.3k, that we need this to hold in order for bitcoin to be bullish into 2020 and beyond.
The new decade arrives in two months, set yourself up for the future.
BTC DOMINANCE AT KEY LEVELS FROM 2017 DECEMBER...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.