When in doubt zoom out is a common statement in the Bitcoin community. So, let's do so by looking at the weekly timeframe. Bitcoin formed a strong base between the blue 50% Fibonacci level at $16,350 and the 2017 high of $18,000 in the 1H203 and has gone on to touch a yearly high of $31,295. The resistance rate between the black 38.2% Fibonacci retracement level...
Visa is one of my favourite and most consistent stocks. But these charts are everywhere on the stock market. Charts like this. Purely upwards. I am just using Visa as an example. Lacking a bear market these stocks are pure gems. Ride the curve towards the stars. If you want more proof check out GOOGL, MSFT even BTC
Fractal of previous bear market, we can test the .618 at 10K, but need to continue up from there. Hedge your bets with this chart.
I just wanted to point out the overall ascending parallel channel the SPY has respected for the entire year. Take note of the very bullish bounces off support. Every market has ups and downs, but its the broader picture that allows us to see the bigger story. Remember, when in doubt just zoom out. Find support and resistance on the macro level and work down from...
Ethereum is looking very bearish if this pattern plays out and it is printing a bear flag. If ETH gets rejected at the upper resistance of the bull flag, we could see a retracement of $2500 with a wick to $2250. Rekoctober could be in play, I think 29th 0f October from history could give us some good gains if there is no "Black Swan" event. This could last until...
This is the Bitcoin chart on the weekly with some important information. All the way down below you see "The bull market doors", for the ones calling out a bear market. Don't get delusional calm down, we're in a super cycle. We just bounced of the big support area. MAJOR Support around that level Bitcoin failing to stay above the 21 EMA, but we could see a move...
Hey yall, it's been a minute since I posted a $LINK chart so I'll show you what I'm thinking about at the moment. Overall market sentiment was pretty bearish for a moment there. However, I think that was a result of a massive inflow of new money via doge and scam BSC / cake swap tokens that were blowing up on tictok etc. Massive amounts of overleveraged new...
73b for a video service????? come on get serious 1. Easy to copy paste it 2. How much money do you expect companies to spend on video service over long term? Waiting for RSI divergences on multiple timeframes, there is a chance it will go up to 100b and then the real fun will start... with 2 hands & 2 feets i am going to short it there without a stop loss...
When you focus too much you'll miss the panorama view..
Again, we are at another strong support area. It also includes the golden pocket of fib retracement from the $83 low all the way to the $363 high. The cup and handle it scrap since the cup has retraced too far. RSI is bearish again as well. We may get some choppiness/sideways movement for as we sit closely between strong support and strong resistance. I'm probably...