Hello, TradingView community,
This is my very first Stock analysis on PLUG.
We have seen a big correction to 30ish. If PLUG would break the triangle, I hope we could see pull up.
I think the PLUG has a very bright future and this is a big opportunity to entry at these levels.
We just need patience and the time will pay off.
As I said before...
Well, this time I was wrong. Instead of a Head and Shoulders (orange) and consolidation around 55k, BITFINEX:BTCUSD shot straight up to 61k over the weekend. I knew the H&S was not a strong possibility, but I thought the consolidation was very likely. I still think the consolidation I had predicted will happen this week. Let's see what the numbers tell us.
Once again I was right. The cup with handle (pink) even ended right where I finished my drawing!
We've been on a bit of a roller-coaster since then, so will we dip further or will be start moving up again?
From a pattern perspective, it looks like we are forming a Head and Shoulders (in orange).
However, when we look at the indicators, it is a different...
And I was right! Not only did we have a double bottom (in orange), but we broke out of it last night. Additionally, we have already broken the resistance of the next level. I thought it would take us a few days, but BITFINEX:BTCUSD never ceases to amaze me. What's in store for this week? Read my analysis to find out.
The next level of resistance is...
Hello and welcome to another BITFINEX:BTCUSD analysis!
Like most people, I thought we were heading for a dip with a head and shoulders pattern this weekend (in purple). However, that has been invalidated as the price broke above the right shoulder last night. Does this mean we now have a double bottom (in orange)? The confirmation for that would come at the...
Hello folks, looks like the test I was expecting was not as low as I thought.
BITFINEX:BTCUSD tested the 46k-47k support and then moved up to test the 50k-52k resistance, which seems to be where we are now.
Let's see what can happen.
Even though the MACD is in the positive and the RSI is saying that we are still not overpriced (still not above 70%), the volume...
And a bearish weekend it was!
Are we going to retest the bottom or keep moving up? I think there is one more test for BITFINEX:BTCUSD before climbing.
The MACD is telling me that we are going up, with the green bars and the wider separation within the lines.
The RSI last closed at ~60%, which tells me that there is still more room to grow.
However, looking at...
In the case of trading below the selling candle and confirming the breach, our first target is $ 1676, and in the event that it is broken, for sure, the negative pattern will be realized and approximately $ 1570 will be visited.
Well, folks, looks like I was wrong in my BITFINEX:BTCUSD analysis yesterday. The downturn was much harder than I expected (pink line). I'm glad I didn't buy!
The question is now: how much lower will it go?
The MACD is telling me that this isn't over yet. The lines are fairly separate and I expect they won't get together again (to start an...
Was Monday the final dip before 60k? Or are we going further down?
Checkout my BITFINEX:BTCUSD analysis.
The MACD lines have crossed, so it is a strong indication of an uptrend. It also looks like they are getting ready to spread apart. On the other hand, we are still in negative/bear territory, so the gains might be small and it might go down...