Prediction: Bitcoin will blast through $5k to $6.4k
Bitcoin Prediction: Bitcoin will speed through the $5k value area
The $5,000 value area for Bitcoin has long been considered a very important support and resistance level. Why? Why is that level considered so important to many traders, investors and analysts? It has to do with psychology and familiarity. We use...
Notice the bearish engulfing candlestick today, after the doji yesterday? I believe that means we are going back down to retest the green line I drew in the 295 area. We just made new highs, but could not close above the highest close level set in July. I do not believe this sell-off will be anything more than simple profit taking after this nice rip up after...
PEP has breached the resistance highs to move slightly up to a new all-time high. PEP is one of the few Index Components that has a new high at the end of August. PEP must now hold on to these gains and not slip back down into the Trading Range. Early September price action will define whether this breakout holds.
Update on BTC, Bullish in the short term time frame ?
We could be forming a falling wedge, which typically is a bullish pattern.
Points to consider
- Overall there is a bull trend on the 240
- Strong support Zone at .382 Fibonacci
- Resistance at .50 Fibonacci with EMA's in conflunce
- Tightening Price action
- Volume noticeably dropping
In this post, i'll share a tool which helps you find Bitcoin's market cycles bottoms, it is the Trend Based Fibonacci extension.
You don't need to understand what this tool is to know how to use it, but if you want an explanation here is a video.
First start by laying the trend at the market top, then count from there...
This could be a key area for Bitcoin and it's dominance. Last time we had it this high was before the alt-season rally of 2017. If that was to repeat. The amount of gains in the alt-coins would be pretty large as a lot of alt-coins are at pre-2017 levels.
D1 - Pair broke and holds above the critical key level 0.7020.
As long as the uptrend line holds, we can look for buys with bullish evidences.
H1 - If you want to be more aggressive you may then wait for the price to break above this dynamic resistance and then you may start looking for buys with bullish evidences.
If you want to be more conservative then wait...
Last post: July 3rd 2019. See chart.
Review: Price had created new highs but could have moved back below support.
Update: Price has since continued to move even higher.
Conclusion: Price is making new all-time highs and we may see the start of the next bull trend. We will now look for long opportunities in stocks.
Any comments or questions, do not hesitate...
S&P New All Time Highs - Risky Buy
The Emini and S&P 500 made a new all time high again today, leading many to believe this market is still strong. In some ways it is, but it is more important to realize it is also in a bull flag trading range. This makes it a risky place to buy up here. This is where strong bulls who bought lower will start looking to take...
If I die, I die... lol
Prices has come to the illusive 0.9000 region, multiple rejection wicks on the 4hr and daily.
Market made a drive to 0.90 and rejected, we are looking for a daily close to confirm a false break and the potential to reverse to the downside.
This is going to be a long (How ironic) one, prepare your swaps and commission.
Remember your risk...
Prices were subjected to a bear pressure after settling on the all-time high resistance zone . Without any follow-through, the US markets quietly recovered and reached the @7800.00 target for the second time. In fact, after the G20 meeting this weekend and the set of agreement resulting from it, the odds that NAS100 keeps a bullish momentum are high.
D1 - Bullish divergence.
H4 - Bullish divergence, price broke above the last high. Currently it looks like a correction is happening.
Until the last low holds we may now look for pullbacks and buys with bullish evidences.
Here is a new company being establish. lets take a look at the past price action and determine whether to get in this up trend.
Short opportunity now or sign of bullish end of the year.
Invest max 12% of your portfolio
Above the Red line is Heavy selling area.
Good buying below the green zone, but looking for a long haul guys. just keep an eye on this one...