We are at the minimum entry for this pattern i'd like to wait for a 1.414 before i get in heavier but for now i'll short Half of what i want to short just incase it runs away from me and dumps now at the 1.272 as the RSI is mildly overbought at the moment and ETH can turn bearish very soon from here.
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on September 24, 2021 with a closing price of...
Note the consolidation zones along the S/R line reaching back coincide with the Fibo retracement 0.618 level; bull/bear battle zones, likely rejection zone. Overbought condition, indicators pegged, but can always squeak higher ofc.
A move lower is likely imminent, Whether it proves to be a higher low and price returns to lofty valuation, or a real correction,...
RSI not mad overbought yet, IMO gonna see it get stupid like Feb 2020. After that, then the big break.
5-10% correction incoming, likely a zigzag, all the previous were zigzag corrections. Tis the season!
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on August 25, 2021 with a closing price of...
Looks just like it did in May and June before the mini-bears. MFI + RSI both peaking. Stupid new ATH. Can it get higher?! OFC!
Closed out my SPY 465 October vertical 465/480 spreads by buying the short legs back for a $1K credit in early trade; I held the long 480 calls and re-entered today at the ATH, now short 20 October 462s and 50 October 467s for a net...
Hedged put position just took ten spreads on Friday 13th for net debit $7. NOT recommended for fainthearted, Big risk/big reward (maybe).
There is support at former resistance ~342 - 345, targeting. Index is overbought and struggling to break above 370. GLTA!
Hello traders and investors!!😄👋
Let's see if Cardano falls after reaching a new ATH very recently.
If we see the fall, I have points set up that I am expecting ADA to reach in the range of.
This is a short technical-analysis👇👇.
Fundamentally, Cardano (ADA) is a very strong blockchain network.
In the event that we go up for another ATH, I have bull target...
Six of my algorithms signaled a SELL on April 13, 2021 for TPR on the 2 Hour charts. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first. Since the signal occurred at the open, the continued upward movement appears to have already hit the mark. This could mean it does not move higher until it find my projected...
In the case of CPRT, 5 of my algorithms signaled a SELL on April 6, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first. I really like this one because the RSI signaled SELL a few days prior and it is an early warning signal of near-term movement
I have placed two red boxes and two green boxes on the chart....
Make Sure You Take Your Profits!
$30k Is a Psychological Resistance.
Don't Expect To Time The Top, Just Try to Get Close (Within 10%)
Bitcoin Will Retrace Heavily Once It Breaks The Parabolic Trend! (40%+ Retracement Expected)
A Pull Back and Bounce At 20k Would Confirm A Nice Support Resistance Flips and set Bitcoin Up For Further Upside..
Coming out of a ascending wedge pattern we see a very likely move to the downside. Accroding to all of the indicators we are moving out of overbought territory acting as confirmation to our wedge breakout when it occurs. Pending order set for breakout with two targets.
Yes it's a bubble; they burst, but when? Expected this week; surprise! Wedge pointing at 10/11 Dec to terminate; Retrace until 17-21 Dec?
Going overbought; can get more bought: Money flow lessens, volume less; definitely a pullback in the near future, never know when, eh?
Expect exhaustion gap at open Monday IMO. Just an idea, not advice; trade at ur own risk; GLTA!!