Couple channels in play here- I took this trade (with minimal risk), contingent on BBBY pulling out one of those big pumps it's been known to have. I could see this breaking the channel and going to the downside as well, although that seems less likely to me. Always use risk management :)
Looks like we got a couple of channels in play & some price levels that have already been tested from up above. I'm shorting
While I'm ultimately looking for a move to upside on COIN $100+, I think first we need a pretty substantial little pullback (like with Bitcoin), to collect these MA's a bit more under the price.
Continuing to test previous levels without getting a new high, as well as seeing several altcoins topping off & failing to pass resistance. Looking for correction & more collection of the moving averages under the price before continuing higher. Possibly consolidating within the lower portion of this channel and moving up, as marked. Also possible is just an all...
Pretty flawless arc/consolidation- breakout to the upside for SQQQ & pullback on SPY?
arrow shows possible trajectory - will have more confirmation once current channel is carved out fully
So to put the whole picture together: -BTC chart looks due for a juicy pump -COIN looks due for a juicy pump -BNB looks due for a nasty drop off (based on the chart- the channel charted, specifically)- yet they'll blame it on the sudden "news story" -US Banks look set to fail (based on the charts), and if/when they do, they'll claim that that is why BTC is...
At the bottom of a channel.. looks quite possibly that we could see a large bounce there. It is quite literally the only bank stock that I've seen that looks good to me.
It sounds a little nuts, I know. But hear me out. We clearly have a double touch on the upper channel line on the 12 month- clear rejection. The 9 MA on the yearly looks awful too. General weakness, there and within the stoch rsi and mac d. The 3 month also looks awful. Let's hone in though on the 9 MA and 20 MA on the chart though- they're clearly about to fall...
Yes, in spite of the news after hours today. This pattern is ultimately in line with what I see on Bitcoin, which is a push to the center line of the overall larger channel on Bitcoin up to 35,200. I think we can get a more specific idea of our target on COIN based on the 38 & 50 % inverse fib levels drawn here which represent $98 and $119
Inverted fib, also moving to center line of larger channel seen on the month & 3 month charts
I'm looking at a number of things here- first & foremost, the bigger picture. I'm looking at the big channel that can be seen on the month & three month chart, and I'm looking to head to the center line of that channel which will serve as resistance. I'm also looking at a trendline holding the price up, and several moving averages as well. I'm also looking at the...
There are so many technical indicators pointing to this move, but the most obvious is perhaps the channel it's about to fall out of. I have exited all of my crypto positions in alt coins as well. I expect this move to be most prevalent when the stock market opens tomorrow (Friday) morning March 3rd. I also have a short position in COIN.
based on technical analysis- confluence of a fibonacci, 2 channels, a price level and a trend line. after 168, looking for 148 within the 2 weeks after that.
It looks like we received the pump we have on Bitcoin for a number of reasons- but the two most obvious to me is that 1) the price traded sideways outside of a channel, and 2), the 786 fib level of the overall move of the price was touched. Now that we are where we are, we can observe the previous price levels above that have been tested, and the only one that...
Adding to my previous idea- I think these targets might line a bit better.
Posting as an alternate to my earlier post, as another possibility upon further charting. Inverse fib with anchors marked is still in play, with a target of 60, then down to the 50 retrace at 46 which lines with price level, then up from there.
Prediction based on technical indicators: Up to $56 ATPOC Monday Retrace Down to $41 throughout rest of week/into next week Work up to inverse fib (& regular fib) extension level which both align at $83.90ish/$84 & also line with large price level from price action on zoomed out weekly chart.