Another possible 20% profit in 4 days...
My last analysis about BTCUSD maintain its reliability. Just a promising update.
Trend analysis and indicators are shown in the graph.
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Alright so on my last analisys for this pair I saw the bounce and the end of the that downtrend. So lets see how high this pair will go.
Monthly: ...
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Alright guys so this past week I noticed a lot of volatility in this pair. Looked at my financial calendar and there wasn't much to move it the way it ...
I don't like picking bottoms, however, buyers have stepped up ahead of the 1.08 level.
This is a 2-day chart. There are two scenarios I see playing out.
1. This is a large retracement from 100-118 range and we are headed back toward the 118 level.
2. A series of lower lows, lower highs has started and we are heading back toward 100.00
The Key Level
I believe ...
Technically speaking
LULU has broken an uptrend line going back to 2009.
The next support level is $45.
Fundamentals
Here is a good write-up on Lululemon.
I favor buying dips, but I am waiting to see where this stock finds demand.
Technically speaking
The ~116 level contains a confluence of support. The trendline going back to 2011 and the low prints going back to 2015 should provide support. We shall see.
On the updside, 128 is the first level of resistance.
What to do?
I will be looking to dips around the 116 level, targeting a move back toward 128. My willingness to buy will depend on ...
Technically Speaking
The 75 level has been an important pivot going back to September of 2016.
A weekly close below the 75 level and the 100(red line) and 200(green line) DMA's would likely lead to further losses.
If the 7500 level holds, I will be looking for long positions.
