Short Term - We look to Buy at 54.02 (stop at 48.54)
Further upside is expected although we prefer to buy into dips close to the 54.02 level. Posted a Double Bottom formation. The formation has a measured move target of 71.31. Although selling has been posted overnight, the selloff has been limited.
Our profit targets will be 71.31 and 79.10...
Short Term - We look to Sell at 55.14 (stop at 59.41)
Bespoke resistance is located at 55.00. A Doji style candle has been posted from the high. Our outlook is bearish. Selling spikes offers good risk/reward. The rally was sold and the dip bought resulting in mild net losses yesterday.
Our profit targets will be 43.09 and 41.20
The implied center of gravity (shown in the graph) is still the effecting force as BTC didn't complete the bearish pattern. Previously, I expected a fall to the 30K line (where we are right now, more or less), followed by a flattening and then an eventual rise. Falling to 20K was the worst case scenario I estimated. Now, however, the price and volume changes of...
Currently and since a few days, Etherium (even the classic one) is up, while Bitcoin and co are unprecedentedly down. The gap between the two movements is the widest in favor of the former since long time, and is definitely the most telling given the recent moves. Technical indicators are even showing that BTC could find support as low as 45K. Of course, this is...
Idea for VIX:
Momentum, Value, and Earth strings are once again about to meet, creating Volatility.
The Black Swan's supergravity is inevitable...
Soon the loop will be closed.
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities...
Fundamental: South Korean game company who has just entered the gigantic chinese market with a new game making it interesting to follow.
Technically: the stock has broken the long term line of resistance and continues to grow into higher placed trend lines as market on the graph. I believe that both the RSI and MacD indicators show a newly found momentum to bring...
The force of gravity will bring the BTCUSD down on the 12300 price !!
After doing an exhaustive analysis, about trends, harmonic patterns, Elliot's waves, continuation and reversal patterns, I have come to the conclusion that the BTCUSD will probably be falling from the sky due to the force of gravity of the price, and we will probably see it in floor.
Looking at this weekly SPY, if you consider that the inner channel is a "fair value" rate increase in value and that the blue channel is the extreme away from fair value signifying "over-excitement", then perhaps we can conclude there may be more downside to correct and balance out this "over-excitement" with an equal and opposite reaction.
Bitfinex = Tether = USDT (same company)
It was 74% when they had 2.9 billion tethers. It’s probably even less now.
Ask yourself ...
Who is buying bitcoin?
Why was there more interest in Bitcoin in 2017 than in 2019?
Why did the price go up after imaginary tethers were printed?
Why did Bitfinex enable 100x leverage?
Why are they missing $850,000,000?