Tesla is in a very nice looking triangle with nice fibonacci retracements of the waves B, C and D, where wave E is almost finished. Look for the final run higher, probably on earnings or a little bit before. After that, the Tesla party is over and price will go down.
-Well consolidated channel, with respectives tops and bottoms as seen on the chart
-On the last Top we could see a well formed candle pattern BEARISH ENGULFING
- It's possible to see that the pair is on fight zone, where is possible to watch a lot of new support and resistance zones , so, i hope the pair to go down, but it's possible that buyers...
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Some factors that have really helped me develop as a trader over the last 8-9 months since i started from scratch as a day trader back after the March crash in 2020. What are they?
Risk management gets brushed off as the least important area in...
BITCOIN IS EXHAUSTED or is it?
As we move into 2021, we watch as news outs from Cramer to NELK boys push the conversation toward Bitcoin and other notorious coins as Bitcoin sets new ATHs . Everyone seems to be scrambling for a "price target" from such sources but no one seems to be able to put a finger on it. Bitcoin set a new all-time high at $34778.11,...
The last count was very bullish and was looking for a wave 3. This did not happen and the count was invalidated. The first adjustment in counting is that price wasn't finished with wave 2(circle) yet. In this count i am still looking for a wave 3(circle) up. Perhaps Biden will launch this rocket.
However, looking at how price has been in a contracting range for...
Be Careful Guys! Don’t Listen to what they tell you, yes ETH will reach 10k this year but after massive correction of the whole crypto market.
The Top is close and the maximum we will see another 20-36% pump and that’s it.
I found this pattern at tickeron website with the following data:
STATUS = Confirmed
CURRENT CONFIDENCE = 78%
TARGET (EXIT) PRICE = 70.14 USD
BREAKOUT (ENTRY) PRICE = 58.05 USD
DISTANCE TO TARGET PRICE = 22.13%
EMERGED ON = Jan 14, closing price
CONFIRMED ON = Jan 15, closing price
WITH CONFIDENCE LEVEL = 78%
Once the price breaks out from the top pattern...
I feel what most are likely feeling we are on the edge of this thing goin gang busters. Up or down? Just trust that this thing will be quite the ride. Sooo I guess what I am saying is make sure you pack your lunch. LOL
-No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO"
""KEEP CALM AND MANAGE THY RISK!""
Today a wave 3 up is expected. If 839 is broken alternative counts need to be looked at. The alternative counts give small problems and are therefore not preferred. But let's wait out todays price action first.