The fat red brownish line is the Gann fan trend line from the last swing low (July 2013 at $63) to the last swing high (November 2013 at $1163). This is the line which - surprise - happened to be the current low at $442. And it's the line where I hope Bitcoin is nearing the bottom of the current downtrend channel which started at $597. Maybe the BTC price stops...
I see a bounce happening at 443$ if you ignore a few flash crashes and bouble peaks then this triangle has a lot of touching points and successfully predicted the last bottom. I would like to counter the many bears hoping for 100-200$ bottom, people are greedy and will be buying at the 448$ as it will be a double bottom and bottom of this very long term trend....
GOGO is forming the following bullish setups: 1) Head and shoulders bottom, but not yet completed 2) Pullback in a strong bull trend 3) Broke out of trendline, and breakout failed, thus pulling back perfectly to the trendline 4) Price is at a 50% retracement level from the $20 swing high 5) Bull channel and trend in progress This looks like a good setup for a...
The 50 support has held up before and today's close may indicate that it won't breakout short. I think the best the bulls can get now is a trading range while the bears may begin to cover at support (50). There has been very little buying pressure for the past month. Longs also resisted 68-70. Shorts (which have ruled for a month) are indecisive based on the doji...
This cloud-service company looks ready for another leg higher. Stock came from $26.33 to $71.80 for one year. Then agressively sold off from high. Pretty deep pullback to $46 which we can measure with fib levels - 61,8% is support - the last chance for bulls to prove that it is not reversal. I was bullish on it since Reversal on 15 of May (check my thoughts in...
Based On: Structure, Fibonacci levels, Channel, Stochastics, RSI, Momentum.. IF EUR/USD Reaches 1.3648. Economic Calendar events will effect this heavily, i am looking forward to a volatile day (TODAY:EUR Interest Rate, Decision, ECB Press Conference, US Nonfarm Payrolls, US Unemployment Rate, ISM Non-Manufacturing PMI ) If these events will be positive...
A double bottom followed by a Bullish Gartley with a possible harmonic move of the AX leg. Great chance it will hit .38 retracement at 1.22082 , and even head north to 1.22363 as a possible target 2. Lets see if it will break off resistant at 1.21852
Monday brought a bounce off of the 1.128 extension to form an Harmonic 'Alternate' Bat Pattern. I would look to get long the stock at the Monday close price with stop loss tightly below the lows of Monday with profit target just in front of the next resistance level. We also have a stochastic cross along with bullish momentum divergence on the mac-d histogram....
See update ⊜ at bottom after reading the description. When binned over 1-week intervals, we easily see the RSI (Relative Strength Index) fall dramatically, indeed nearly vertically, at the burst of each 'bubble', as expected when viewed in this way. I suggest that one should make a note of the first significant recovery segment after these drops —as indicated by...
Broke out of triangle, retested it, bounced off. This confirms that the triangle top resistance now turned to support. Expecting an uptrend within the "ballpark" up to 777.