Bitmex's recent lawsuit and bank secrecy act's potential implication to DeFi space didn't seem to shake crypto investors at all. USDT issuance grew more than 10% in September and BTC is till hanging onto the edge of logarithmic channel. The recent upward movement can be validated if BTC can close the weekly candle within the demand zone.
Here is the same log scale chart as you have seen for zillion times here on TradingView. Mapping a previous trends show us there is possibility that BTC is going to find its bottom in near future and right after may see another uptrend before upcoming halving (14.06.2020). If trend holds and history will repeat a bright future with nice profits is waiting for...
WMT has proven logarithmic action and recently touched the support side of the logarithmic channel. Looking for an exponential move upwards over the next 1-2 years with the revenue growth from the newly adopted health care/clinics. Price target of 165.00 by JAN2021. Hold long and prosper.
COST Ideas are attached, had opportunities to get in and ride this ride on up while everyone else thought it had ran too far too fast. Now sitting at an inner resistance area of its lifetime channel. Break above and hold here then opens up 370's-380's next, knocking on the door of 400. Make sure you look at this chart through the correct lens, and don't just take...
SHOP Has just been on a tear, my goodness. I had this move marked out when it was flagging, had my buy marked at 125. Got distracted elsewhere, missed the buy, and now have just been absolutely kicking myself over this. What a run. My best estimate for a target sits around 428. May buy a put option at that point if it does in fact reach it, but I obviously don't...
MDB Linked Ideas. Just strength and growth, plain and simple. Like I said, 200 or bust. Happy hunting and GLTA!!
As mentioned in previous idea about COST (linked) if you think this has run too far too fast, think again. As mentioned then, the critical level is this inner resistance near 300, which if broken can open the floodgates for COST. If it closes 305 convincingly, this thing can feasibly hit 400 without much trouble. Just because a chart looks straight up in "Auto"...
NFLX Just an observation on the lifetime channel of NFLX Netflix. It seems to me that any increased selling pressure should easily bring this down to the 200 range by the end of September without breaking much of a sweat. I'm looking for the RSI support break myself. Note the Klinger Oscillator has crosed over bearish, turned below zero and began to spread. Not a...
SPLK Shown is the lifetime channel of SPLK Splunk. As shown in the chart, it has been bouncing around near the channesl resistance for some time, and without in any way breaking its pattern could see the Mid 60's-70's. This represents a 40% drop. However, a catch on the uptrend support line and ride back up to the channel resistance represents about a 35% gain....
MDB As shown in linked idea on MongoDB, it was sitting at a minimum 6:1 risk/reward ratio at open Monday. If you took that trade there, which I did at open, you're currently up around 6% after one day. Has broken out of inner resistance, now headed toward outer resistance at 153 area. If it is able to convincingly break that trendline, it is very possible for...
AYX Pure strength. As you can see from the chart, AYX is in the process of breaking out of its lifetime channel resistance. If this is able to hold the breakout this week, the sky is the limit for this thing. No overhead resistance, so only psychological resistances to worry about technically. Usually those come in numbers divisible by 5, so likely looking at 150...
NASDAQ:MDB Each time MDB gets the chance to reset to its 125 MA in the past, it has had a very nice rebound followed by an extended run. I don't believe this time to be any different. If this things can make it to 160, then it's 200 or bust. Buy and hold. Take profits near channel tops. Happy hunting and GLTA!!
NYSE:AYX You wanns see a beautiful logarithmic channel, then look no further. If you make the mistake of charting this bad boy in "auto" mode, you could easily make the argument it has run too far too fast. but if you look at this thing the right way, it sure does look like a tough short to me. Even when it tops out at channel resistance it doesn't tend to fall...
NYSE:HSY HSY has reached the resistance trend line in its current channel. That doesn't mean it HAS to go down now, it could very well bust through, or chop around just below for a bit. The Stochastic indicator is pegged out at 100 on the monthly, but can easily ride there for months to come. The daily and weekly Stochastic still has room either way. If it gets...
NASDAQ:COST It really pays to understand the "log" button on your chart and when to use it. Because looking at COST monthly chart in this way shows a very clearly defined channel and midpoint line. So, instead of looking like an unchartable stock that looks as if it has to be out of gas, it becomes much clearer that in fact, it could have much further to go. This...
We're back in the log channel. Get your ducks in a row.
A few days back i've posted a possible mid-term bearish scenario that left many traders doubtful and i understand their point. This time with more in debt analysis i present you my more bullish scenario for the future of blockchain technology. This is only part 1. Enjoy ;)
The one scale pro's use for longterm predictions is still the log scale. It might sound crazy, but it could predict what is coming. Truth is: Bitcoin has traded in a logarithmic channel since the beginning, and it would near/touch the bottom of the largest, blue channel for a 3th time. This is a big probability as it is seasonally around the same period of the...