Here is my watchlist of stocks I am adding today:
NASDAQ:APPF
NASDAQ:GIFI
NASDAQ:IBIT
MARKET GAUGE: 🟠CAUTION
I have been talking about softness in the market. However, if stocks are breaking out of good positions will entertain.
NASDAQ:IBIT April 3, 2024.
For the rise from 28.91 to 41.99 NASDAQ:IBIT has taken support around 36.8 levels.
This is about 38.2% retracement for the rise and also 200 average support in 60 minute time frame.
Being a moving average follower I find 50,100 and 200 are all mixed up above 9 and 21 average.
Hence I expect a resistance around 38.5 levels today...
NASDAQ:IBIT March 26, 2024
60 Minutes
As expected 35 levels were held.
For the rise from 28.91 to 41.99 35 levels represented about 50% retracement value.
Now formed HL at 35.71 which becomes an important number to hold for the current uptrend.
Consider the fall from 41.99 to 35.41. NASDAQ:IBIT retraced 61.8% and managed to hold the gap up.
Now if we...
NASDAQ:IBIT March 21, 2024
15 Minutes.
For the rise from 28 to 41.99 levels NASDAQ:IBIT retraced 50%.
The LL at 35.41 made on Wednesday had oscillator divergence.
We have 39.4 levels as 200 averages. That should provide resistance for the current move.
That level is also 61.8 % retracement for the fall from 41.99 to 35.41.
For the day the rise from 35.41...
NASDAQ:IBIT March 18, 2024
60 Minutes
Looks like HL, HH pattern is broken.
Also NASDAQ:IBIT too far from moving averages.
At the moment below 9,21 and 50 averages in 60 minute time frame.
I will consider 3 moves.
The rise from 28.91 to 41.99.
The rise from 34.03 to 41.99
The fall from 41.99 to 37.45
for the first rise NASDAQ:IBIT has retraced 23.6...
LSE:IBT March 15, 2024.
15 Minutes.
NASDAQ:IBIT retraced back to 200 averages in 15 minutes time frame.
For the rise from 34.03 to 41.99 NASDAQ:IBIT has retraced to 38.2 levels.
And for the rise from 37.77 to 41.99 it had retraced more than 61.8%.
So holding 39 resistance can be expected around 41-42 levels.
On the downtrend i expect 37 as a target...
NASDAQ:IBIT March 13, 2024
15 Minutes
The gap was filled yesterday.
If we consider the rise from 37.77 to 41.8 then NASDAQ:IBIT retraced 61.8% of the move.
And for the fall 41.8 to 39.21, it has again retraced 61.8 of the fall.
For the day considering the last rise from 39.21 to 40.94 NASDAQ:IBIT has to hold 39.9 levels for 40-41 as a target.
More...
NASDAQ:IBIT March 12, 2024
Closed longs at 41.5 levels.
it was approximately 1.618 extension for the move from 37.77 to 39.37 to 39.02.
So far NASDAQ:IBIT consolidates or retraces to 50 averages.
So for the rise from 39.02 to 41.62, I expect a retrace today to 40.6 levels.
I have a next target as 43 levels if this retracement low is held.
Also if 39.5 is...
NASDAQ:IBIT March 11, 2024
As of now, the uptrend is intact. Broke the box. On retest took support at the bottom of the rectangle and now above box.
The sideways movement has given enough time for moving averages to catch up.
For the rise of 34.03 to 40.2 NASDAQ:IBIT retraced to 37.77 which is approximately 38.2% retracement.
And for the fall 40.2 to 37.77 ...
Hello friends, as you know, on March 12th, the Federal Reserve's support for the banks is supposed to be removed, so this could be the beginning of Bitcoin's liquidation and a correction in Bitcoin.
NASDAQ:IBIT March 7, 2024
15 Minutes.
Yesterday we had sideways after a gap up open.
For the rise from 34.03 to 38.59, holding 36.5 levels uptrend continues.
I expect a correction as oscillator divergence is seen.
For the larger move from 29 to 39 we need to hold 35 levels being the 61.8 reteracement for the shorter rise 34.03 to 38.59, which is also 200...
But how can that be since according to most talking heads it's institution money doing the buying. If RETAIL & Institution(according to talking heads) money is being put into those newly listed ETF's, THEN WHO IS SELLING Such a chunk while supposedly financial institutions are buying???
According to my perspective, FUNDS are pouring RETAIL into Bitcoin while the...
I’ve been looking at the trend bitcoin is taking and i think it may be exhausted and taking a breather… I also have been looking at crypto mining stock such as riot and Mara both developing a double top, and with the ascending triangle Btc has, i think it may actually move downwards to fill a gap, and push back up. Also the long tail on the red candle tell me...
NASDAQ:IBIT March 6, 2024.
Started to track this ETF last few days.
For the move from 28.91 to 39.68, IBIT retraced yesterday 50% of the last rise.
Considering the fall of 39.68 to 34.03 uptrend is only above 37.6 levels.
Even crypto I found when too far away from moving averages either goes sideways or retraces.
We have 33 levels as 9 moving averages in...
➖ 5 up-waves pattern detected.
➖ Wave five ends as an "inverted hammer" candlestick pattern.
➖ The inverted hammer is followed by a strong bearish candle (confirmation of the pattern); the biggest bearish candle since 11-Jan.
➖ Highest bearish volume right after the top signal.
➖ Bearish divergence on the RSI.
➖ Many GAPs left open on the way up.
➖ Confirmation...
