Bobdinski

Bobdinski

Bitcoin has been in a parabolic curve formation for some time now and this may be coming to an end. What do you think? Chart looks very similar to NVDA - which appears to be on trajectory down. Nothing can go up forever and this would be a healthy retracement for future higher prices. twitter.com

Bobdinski

Make sure you are on the right side of this channel when it comes to resolution, because it looks to be a large measured move on the other end. I am playing this long with a very short stop loss. Let the move confirm itself before taking position.

Bobdinski

Once this wedge resolves - take a position in the direction of the move as it should most likely be a big move. I think we might retest the .5 fib level with a fakeout to squeeze shorts, then retrace back up as more folks consider BTC as an alternative investment due to turmoil in currency markets.

Bobdinski

Will these resistance levels now become support in the rising wedge. Recent price action and various indicators suggest likely. Worth placing large orders once the support levels are confirmed by trend. Targets price includes 190, 400, 650, 840, 1225. Interesting multiples. What could possibly drive the wedge down in this economy? Look at 2200 UTC time...

Bobdinski

I'm very new to this so would appreciate comments on my analysis. Thanks! EXPE has good fundamentals and growth in HomeAway. I will book travel this summer with Expedia subs. 3 in 5 coworkers will too. Glassdoor rating high with 96% CEO approval.