Looks like a buy to me. Maybe get at another fatty dip but we held up pretty well during the last one. If another dip happens I would love to buy more at 22-23K at the 200 day. For now, opened a position at 30K. If we break over the formed triangles I see a sweet bounce happening.
Or a football coach... This is what my play would be. The inverse H&S I previously posted broke down like an old Nissan Altima. This is what I see transpiring. We're in a great area to DCA.
Honestly I see a nice buy in the morning 04/18/22. Either we go from 335 to 370 and pull back or go past previous resistance. Sure, there is a chance for the support to breakdown although we had made a nice higher high and look to maintain a new higher low which would form a nice inverse H&S.
To be real I'm not a trader and rather a long term investor. I see...
Previous support line for the bullish trend upward these past couple of months was broken down about a week ago and became a new resistance.
Just now, BTC crossed back over this resistance and is looking to establish it as a reclaimed support.
This might indicate additional support for the movement that's already been moving upward.
BTC dropped to 100 SMA last time it fell from ATH at similar levels. Bearish RSI divergence pointing downward with more room to fall. I expect a smilar drop to 53K support level.
Invest safe y'all :)
I understand that max fear for China might already be in although I feel as though there might be further downside for BABA and others in KWEB. The US market is already looking overbought, VIX at all time highs, Evergrande situation looking a bit worse. All of these might push BABA down quite a bit more. Waiting for a long position.
Relatively simple here. PYPL is at a historically oversold level, is cheaper than a lot of its competitors, and is in a great long term uptrend. All of this occurring due to a fake news break. Totally a buy.
