Roblox originally sold for $45. I am assuming that there are institutional and seasoned investors in this asset. This isn't just being pumped by wallstreetbets. There will be significant resistance at $90 as people begin to sell half of their RBLX holdings to eliminate their risk entirely (removing principle). If things go organically, I see no reason to not pick...
I've recently published an idea regarding a bearish scenario for Bitcoin, very similar to this one. Turns out it didn't work as expected. However, the analysis is still valid, but need some adjustments. These adjustments are shown on this new idea. CRITICAL TIME FOR BITCOIN: Bitcoin might be drawing an Elliott ABC corrective wave. Wave A is already complete and...
Hi all Very interesting place for GOLD. After quite positive news with vaccinations, GOLD as a safe-haven asset lost its growing momentum and experienced correction that as for now stopped at the psychological level of 1700 and Fibo 61.8 which are main arguments to possibly go long over here. Feel free to comment, give your thoughts. Would appreciate it if you...
Short post here just as a word of warning. I feel that there is far too much bullish sentiment at this point. Long term, I also am a bull. However, shorter term, it is still possible we could retract further. Many traders are over-leveraged without sufficient cause. Yes, we could pop and break above the downtrend we are in. This is certainly a very real...
Why sell? bearish 78.6% retracement bearish hidden divergence Trading Plan: Break of .382 projection triggers sell limit orders at .236 and .114 projections Stops 2 pips above the highs + spreads Target 1.618 projection Trade details highlighted on chart. Good luck to everyone trading AUD/USD!
Taking a look at the 4day chart with camarilla pivots monthly levels. some oscillation. and donchian channels. It wouldnt suprise me to see the central donchian channel level at the very least get tested. To be honest that would be very reasonable and much more healthy for continued growth. It also lines up with the rest of the other market and asset behavior and...
According to fibonacci the market is going for a retracement to the upside
The market just tested support level and heading for the top.
Greetings everybody! I have been hesitant to write for the past few days despite carrying out the idea I am going to enumerate upon. I hesitated because to be perfectly honest I am not as familiar with parabolic or bull run movements as my entire experience with crypto has been bag holding since 2018 haha! That being said, I have been making some successful trades...
The market is going for a good retracement to the upside as analyzed with the fibonacci
IPOE looking for a possible retracement in March up to 24.70$ (28%+ Upside) with strong resistance at 21$. IPOE is currently sitting above the 50 day SMA line, with the MACD looking to roll over green, and the RSI is oversold. Price action might be heavily variable due to IPOE & Sofi merging this month, negative sentiment in the SPAC market right now, and the...
I missed the initial impulse move from EJ so what Im gonna do is wait on the potential retest/rejection into my zone for a bullish continuation to the highest level of resistance, area 129.950. On the other hand, if structure breaks and closes below area 128.625-ish, I can expect the BEARS to step in and pull price down to my support zone 127.410-ish after...
I don't want sound as an alarmist here, but when you look at the monthly BTC chart, you can't deny the fact that is over the top already. 500% in less than 6 months, nearly 100% a month doesn't seem to be sustainable to me, the economy is likely to improve from now, there are talks about crypto regulations and so on, it doesn't matter much if regulations come into...
It is developing. so price action prior to weekly close can adjust it. but it appears there is be a several thousand point upwards magnet to strike regaurdless of where we fall. so careful with entering. DCA and whatnot Camarilla pivots / cpr
I think Bitcoin will retrace from 42000 dollar. It must drop 4/5% from here. I think XRP will drop about 6/7% to 37 cents within the same movement of Bitcoin. We will see. Otherwise retrace from 0.30.
USD/JPY has been in an uptrend respecting the green ascending channel . In my previous analysis i expected the price to buy until it reaches the upper trend line continuing the ascending channel, which followed the analysis and reached tp. I expect the USD/JPY to undergo retracement and expect the price to sell until it reaches the bottom trend line , thus ...
I think this is just a typical correction before next pump. I don't think here is the top of the bull market. I believe we can see another one or two pumps in coming few months.