BTC just made a pullback to neckline of the major Head and Shoulders formation on macro. Now, the price action is abandoning the distributive structure with weak volume, due to a micro H&S.
Points of interest
We can see on this chart levels to be watch in a potential swing downward. BTC has been trading in a choppy structure, consolidating within a ending...
In review. I see a lot of people complaining about "chop" lately. These are not the people to be following in my honest opinion. There is opportunity in all markets it is just a matter of risk management and being able to navigate the choppy waters. Circled some of the opportunity I took in this "Chop"
A week in review these are some of the best trading days I...
Potential triangle/inverse head and shoulders forming as well as weekly bullish divergence. These sort of stocks like to run while the market is choppy which i expect into March. Breakout above 80
Hi ya, but... this is a choppy one.. and very hard to make the conclusion on how it going to move. But I cut down all the longer term info to ease my job.
thanks guys for read
#1. Fidelity Investments has launched its first Bitcoin fund in late Aug.
#2. Snappa followed MicroStrategy's footstep by moving a significant amount of cash reserve into Bitcoin in late Aug.
#3. New clarification from US OCC clarified the confusion about the banking custody of crypto assets.
#4. Just Eat now accepting bitcoin payment in France.
Within 90 Days
PT #1 : $3.38
PT #2 : $3.78
Within 180 Days
PT #3 : low $4.00 range
PT #4 : $4.54
Stock has been beaten up last couple of days because of ER miss and they did not reinstate a dividend for their common stock. In essence, they gave notion they will pay a dividend before October in order to avoid excise tax (REITS must have a % of taxable income to...
Market in last 24 hrs
- BTCUSD price moved down suddenly. Market moved ~7%, between $9.2k and $9.8k
- Price at time of publishing: $9,350
- BTC’s market cap: $172 Billion
Today’s Trend analysis
Price movement expected to be choppy today. Most of the Oscillator indicators are neutral. MACD histogram is in negative zone, RSI is trending down and is currently at...
Price has been range bound now for the last couple of weeks and I wouldn't be surprised if we move lower in the coming week, falling into the 2700 handle as The TVC:SPX failed last week to create new highs. I think the market needs a strong catalyst to break the most recent high around 2900, however I wouldn't add a any new positions until we break the 3000...
Not a Good Think to play with market right now .
But i would love to see long on downtrend divergence reversal and then go down again
hope you on luck and stay way from this trade!!!
