With BTC finally showing a convincing local top at $69,000, I began exploring ideas for where the current retracement could end as well as what's next.
Looking at the $29,300 bottom and creating a trendline with the $39,600 wick on 21 September, we can see it was respected a week later. This would make it a valid trendline in my book.
The mood of the crypto market shifted from " a new bear market started " to " long live the bull market " in a matter of weeks.
Looking at the big picture of the crypto market capitalization starting from the bottom in March 2020, things become clearer. The excessive euphoria that grew during the first months of 2021 needed a reset. The RSI captured this general...
HNT has been strong even when BTC dropped.
This technical analysis looks at previous bull trends to predict the price at the end of 2021 summer.
I'm using the fibonnacci retracement tool, as well as trendlines and APEX.
Let me know what you think.
I have been seeing a lot of people saying that the bull market is over. I am still very bullish and for the last 3-4 weeks I have been calling for a drop to around the $45,000 area. This thing is just getting started. Let's go over a few things.
1. There have been 2 other bull markets all lasting about a full year from their previous all time...
they tried and tried but it looks like this is the tap out for the bears
at least for this inning
.40 monthly support may be the point of final capitulation
or just maybe they can eek out a piercing of the .40 level
either way the bears are looking out of breath
I get it, Peleton is a hot stock and seems like a great product during the 2020 pandemic/ Bullmarket boogaloo. But, if you heard about a stationary bike company that was valued at 40 BILLION dollars any other time you would not want to become a new investor. I expect this stock to continue to do well this December due to Holiday shopping season and Fed QE . But,...
Localized Uptrend with great volume, bull flag, and decriminalization of marijuana in the USA. Lets see if the trendline holds
TA interpretation + personal opinion = not investment advice*
Best of Luck!
BTC has closed a daily candle below the short term 20 day MA, this suggests that in the short term bulls are taking a step back...
If we use a Fibonacci retracement from the lows of 2020 we see that they match up perfectly with the 20 Week MA (Bull market support) and the local lows (16.3k).
These are my next targets if we do not see a rapid bullish buy up above...
Nike is a safe stock to bet on if you are an options swing trader like myself. It has just hit resistance on the 45min while the MACD shows an upward trend and increase in bull strength. We are in a bull market and calls are much safer than puts for any stock.
I have lost a lot of money on puts, even on stocks with the highest RSI and strongest sell signals...
since there is a large piece of DGB chart history missing, I took the time to research the date and price for the fib channel anchor points that occurred in the 2017/2018 bull run
targets are pretty attractive after the high of .13 gets taken out
currently sitting on the 200 dma (7 month ma in black)
this is not financial advice
just a look at the possible...