CoinObservatory

CoinObservatory

78.6 rectracement since last swing low, If this plays out just like the previous TSLA crash, we're looking at a bottom.

CoinObservatory Updated 

I'm long here as both these charts are holding a 61.8 bullish retracement. Send Please!

CoinObservatory

$AMZN retraced 61.8% of the last swing. This should mark the bottom, Target1 2770 - By next week.

CoinObservatory

I've highlighted these wedges previously via our Twitter. Currently, the ES is Extending the E leg, Which typically extends 1.2-1.4-1.618% of C-0 I'd look for a violent reversal back to the upside at 4236 or 4178. Further selling would invalidate the formation

CoinObservatory

$TLRY appears to have bottomed, This dip looks like an excellent buy opportunity at $6.35 Target 1 $10.6 Target 2 $16 Target 3 $27 I've called cannabis bottom in previous cycles. Hopefully I'm right again, Moonbound, godspeed :)

CoinObservatory

The previous 2 broadening wedges extended 1.618% From C-O fib extension Hence I'm calling this the "CO wedge phenomenon." What's next? Extension targets for the current wedge are: 1859 1996 2098 Personally, I'm leaning towards counter-trading this sell-off, at 1996 and 1859. That's where my bids will be placed.

CoinObservatory

Today I take up puts on gold, Expiry July 2023, Strike $145 If this is anything like the last time gold topped, which is looking strikingly similar, The puts should print over time. Targets 147 142 I'll stop out with a close above 183

CoinObservatory Updated 

- This level needs to hold, and if it doesn't the chart will likely rug! I'm taking up a long position at 51.75 Targeting 59 for Target 1 69 for Target 2 I'm starting to hate the "B" word right about now. Not going to declare bottoms.

CoinObservatory

The red lines on the chart, The 61.8 fib retracements, 2 of them holding as support after each other is a bullish sign, Next likely impulse is upwards, with a target of 47,820

CoinObservatory

strikingly similar parallel to GOLD's long term chart, $BTC appears to be in the early stages of a corrective phase, With potential lows, as low as $27,000 and $24600 I don't expect the chart to go straight to those targets but in a series of corrections and over time. Time will tell.

CoinObservatory

Hello fellow bulls and bears, And welcome to our Bitcoin, $BTCUSD analysis, The chart is mimicking several previous "top" formations with key fibonacci rejections. In our opinion if BTC fails to rally above $37,000 and close above, then the coming weeks will be full of pain and misery for bulls. -One of the fundamental problems with being bullish, is that...

CoinObservatory

$CGC is the gold standard, top performer of all time, Target 1, $30 Target 2, $40 Target 3, $70 $TLRY was the hardest pumpin IPO made over 1000% Target 1, $8.9 Target 2, $13.79 Target 3, $28 $MJ is more of an Index/ETF Target 1, $15 Target 2, $22

CoinObservatory Updated 

Since IPO $TWTR hasn't broken out, Instead, it range traded then dumped from $50 to $13 and back to $50 The outcome? An accumulation pattern, a very bullish one. The same structure can be observed on $FB Just before it broke out from $70 to $274 That's right folks, a %1000 bullish move since $FB cracked that accumulation pattern. Targets for $TWTR $67 $82 $124

CoinObservatory Updated 

LINKUSD; Inverse HnS, followed by a falling wedge. That was Bitcoin's market structure just when it revered from the bear market. Except LINK has taken 16 days to do what took bitcoin 79 days to complete. Will the fractal repeat itself?

07:48

CoinObservatory

In this short video analysis, we highlight the correlation between traditional asset Risk-On cycles and their impact on Bitcoin. Every historical $BTCUSD bull run's start has coincided with a SPY significant Fibonacci level breach and retest. This past month the SPY has breached the long term 2.618 fib level and is seemingly headed towards the 3.618, with no...

CoinObservatory

The chart construct is impeccably similar to February of 2017, before the bull run. Large falling wedge followed by buy signals on the phantom script, post liquidity grab. This chart is likely to go on a run. ETH Being ETH, it could lift the market with it. Keep an eye on $ETH folks!