Bitcoin on the 4 Hour has printed a Double Bottom with Stopping Volume on the Second Bottom at the 1.414 PCZ of a Bullish Butterfly and at the 100 Period Simple Moving Average. I am still fishing for a Waning of the 4 Hour MACD Negative Momentum so confirm the entry and will be using the 1.618 and the 200 SMA as a line in the sand that price must hold above.
BTC has given me great reasons to be concerned that we would break through our PCZ and pull down into the 78.6% Retrace below but despite how many times it's tried it's managed to hold the local 88.6% Retrace as support and now we will have confirmed a stopping volume candle on the daily if BTC's Daily Volume doesn't change much in the next 15 minutes before the...
Sign of Strength in the chart:
1. Trend reversal in daily and weekly chart
2. Stopping Volume
3. Shakeout
4. Green Pentagon bar with increasing volume
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy...
Sign of Strength in the chart:
1. Change of trend with Bag Holding and Stopping Volume
2. Accumulation with Pullback
3. NS as support
4. Green Pentagon with Line Change
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment...
In range-bound market, bottom reversal happens far less often than when the market is in the clear uptrend.
However, if Aurora's monthly POC holds up, it's not hard not to see at least some relief bounce from the stock that's so beaten down.
That being said, there are better marijuanas stocks out there. Aurora is only good for swing trade.
Invest in MJ ETF for...
FVRR has been outperforming many E-commerce stocks since early Sept. While overall E-commerce group is in red since early Sept crash, FVRR has bucked the trend and posted the double digit growth.
I think early signs of waning momentum are clear and it is a good time to scale back on the aggressive momentum strategy and do some profit-taking.
ILMN is short-term to mid-term bearish, long term- bullish. Relief bounce is overdue as the selling pressure seems to be overheating and could soon be exhausted.
ILMN is still a leader in gene sequencing with roughly 70% market share, but its short-term prospect is damaged by waning consumer interest and tariff.
Looking for daily close above 275 and weekly...
