If the market cap doesn't break down after touching bases with ~212 Billion i could see ~425 Billion by the end of the year.
Possibly an ALT season while BTC crashes, but that's unlikely as of now.
Watch for a break into the lower end of my Pitchfork projection.
Safe trading you guys.
price has rallied to the downside and broken a key weekly trendline with a significant bearish engulfing candle, however 1.32500 proved to be a minor area of support in which price seems to have sustained this level and could potentially retest the key trendline which is confluence with the ideal 61.8% fib level and MA acting as additional resistance before...
I'm longing @ approximately 9.71 with a long term target of at least 13.00
1. Expanding diagonal identified (zoom out).
2. fib relations are respected in individual ABC waves.
3. 5th bearish Elliott wave withing wave C soon completed. (minor EW 1-5 as shown on chart)
4. Bullish divergence noted on the RSI charts
5. Volume and price action...
Looking like Eurusd is coming down. Best time to enter looks where that red box is which is perfectly in between the 61.8 and the fib reversal zone, if i see reaction at this point, i will be entering a short there.
The Pacific Ring of Fire is increasing in activity. The volcanic eruptions and earthquakes and their consequences such as tsunamis have increased significantly compared to the previous two years.
At the same time, the sun is in a solar minimum.
Huge sun holes at the North + South Pole and the equator seem to release relatively many solar winds.
Is there a...
Price is in route toward the 50 sma
Macd has fallen below red signal line
Buy Stop @ 1.8543
Take Profit @ 1.8595
Macd is falling
Sell Stop @ 1.8445
1st Take 1/2 Profit @ 1.8405
2nd Take 1/2 of balance Profit @ 1.8355
3rd Take Profit @ 1.8310
Re-enter trade short on a 15m break-hook-go of the 1st and 2nd take profit levels
Find an appropriate SL
Johannesburg Stock Exchange (JSE) Top 40 Index has undergone re-accumulation and broken out above the trading range (Jumped the creek). Now it has backed up to the creek and gone into a lower TF re-accumulation. Waiting for signs that it will break the back up range on the daily TF. For now it seems that it is still ranging.
After Capitec's (JSE_CPI) trouble at the beginning of the year the stock has been undergoing re-accumulation. It has jumped the creek and is showing Signs of Strength (SOS). The stock has shown prior leadership. Waiting for a back up to 95500 to go long.
First Rand (JSE_FSR) has been undergoing re-accumulation after decline which is the weakest type of re-accumulation. Price has jumped the creek and backed up to the trading range. There is now showing Signs of Strength (SOS) with lower volume. The stock has show prior leadership even thou it is not in the best performing sector. Will be looking for the breakout on...
Support around 8250 may provide a small bounce (grey boxes)
Main movement is probably back down to bottom and a little further. Previous bounce came at €uro support line (~6000), and there will be another small bounce here.
However, the main bounce will come from the $ dollar support line at 5400. Providing an opportunity for re-entry.
Here, im gonna list few places that we could take into a consideration.
Both indicators appear an over-bought ( so fed up, based on 4h )
Enter(1): 0.01003189 - 0.01021294 ( If it broke, then it could lead to more than 35% due to its drop from the past )
Enter(2): 0.00748618 - 0.00802538 ( Here is my second place to re-enter )
Any comments and thoughts ? kindly...