Bitcoin is currently holding around the 3430-3440 level after bouncing up from the .786 fib around 3360. There is a chance we could move up toward the 3500/3550 levels to retest our prior support zones and .618 fib level as new resistance. We also have the 10 and 20 day moving averages in that area as well. I expect this area to be extremely strong resistance...
LTC is currently breaking down from its H&S (Head and Shoulders) pattern that is has been forming for several weeks. We completed the right shoulder after getting a bear wick rejection off of the .382 fib level around 33.93, and we have been on a respectable drop to the downside. If we take the measured move of the H&S, the target comes out to around our previous...
TRX has been on a run these last couple of weeks, but it looks like the fun might be rolling to a close. On the daily time-frame, we can see clear Bearish Divergence as shown by the light-blue lines, and we are seeing declining daily volume. The daily Stoch is also looking bearish as we just got a bearish cross-over and it is also showing Bearish Divergence. TRX...
ADA is currently within a descending triangle pattern, and it is trading below the 10/20 day moving averages. We can also see price has had a hard time sustaining buy pressure above the .236 fib level at 1230. On top of all of that, we have the 200 day moving average coming in which will act as resistance, so we could be setting up to retest lower. I suspect price...
ETHUSD (Bitmex) is currently looking very bearish. We are within a descending triangle pattern, trading below the 10/20/50/100/200 day moving averages, and we are below the 0.5 fib level (indicating the sell-side is in control.) I am not seeing anything bullish about ETH as it stands. A break above and a close above 121 would change my bearish stance at least for...
As predicted in my previous analysis awhile back; we did bounce off of the 200 weekly moving average and we have seen a respectable rally to the upside. However, we are now coming up to test the lower time-frame moving averages (10 and 100 weekly moving averages,) and if price fails to break back above and hold them as support again, I suspect my original dead-cat...
Alibaba is in a clear downward trajectory, and the weekly moving averages would agree with that statement at this time. Currently, price bounced off of a previous zone we saw it wick to back in late October/early November, and price is currently retesting its previous support zone-now-turned resistance around 140. I'm watching the 200 weekly moving average an area...
AMZN bounced the 100 weekly moving average and bounced off of a prior support zone we saw it hold back in February and April of 2018. As I highlighted in my previous AMZN post (linked below,) I expected it to come down to the 100 weekly moving average, and that is exactly what it did. However, much like with other stocks, this to me looks like nothing more then a...
APPL got a nice dead-cat bounce off of a prior support zone we saw it hold back in September of 2017, and in February of 2018, and it was fairly close to the 200 weekly moving average. However, we also saw come clear bearish divergence form over the last few months/week (shown by the light-blue lines on the price action and on the RSI); as for the price made an...
As I high-lighted in my previous post about the SPY, I anticipated a move down to the 200 weekly moving average after breaking the 100 weekly moving average and a key support zone, and that is exactly what happened. If there was a logical place for a dead-cat bounce, the 200 weekly moving average would be it. If price can steadily climb up back above several key...
BNB/BTC is trading above the 10/20/50/100 daily MA's (moving averages) and could be setting up for a run to the 200 MA around 16700. We can see we are getting some of those bullish MA cross-overs (20/50 cross, setting up now for a 10/100 cross.) BNB is also having a coin-burn on January 19th (or earlier possibly) if my source is correct, so that may help to push...
BCPT/BTC is currently trading just above the 10/20 day moving averages. We can see it has formed a triple bottom with bullish divergence on the RSI, and the price just got a 10/20 daily MA cross. I am watching the 50 day MA as my first target area, followed by the 100/200 MA's. I am also watching each fib level as a possible target area. Entry: 905-925 Target...
Facebook has broken its 200 weekly moving average and could be setup for more downside. Facebook has a small support zone around 115, but I do not think it will hold. I think we could see Facebook come down to the 30-70 dollar range here as this down-trend develops. There really isn't much historical support until then if 115 is broken. What to watch for: -Break...
TSLA seems to be one of the few stocks that is within a bullish price action structure while the rest of the market is getting smashed. This to me looks like a bullish pennant, and if TSLA can continue to hold the rising line of support and its 200 weekly MA, it could be set up to succeed as the rest of the market falls off. We can see TSLA got rejected once more...
APPL has been on an all out waterfall these last 2-3 months. Price action is currently holding a prior support zone that we saw it hold back in February of 2018, but I think we will see APPL retest the 200 weekly moving average, and if we break below it, we could be setup for more downside. In line with several other stocks I've done Tradingview posts on, APPL...
The NASDAQ is currently sitting on the 100 weekly moving average and on a previous support zone, but I suspect it will be broken and we will come down to test the 200 weekly moving average. The overall market sentiment has turned very bearish. I do want to point out, we saw a triple top formation form (shown by the light-blue line on the price action) and we saw...
SPY just broke the 100 weekly moving average and has broken below a previous support level as shown by the white line around 254-255 that had held the price back in February and April. I suspect it will retest the 200 weekly MA around 234-235 which is approximately a 6-7% drop. If the 200 weekly MA does not hold, we could be setting up for a longer-term recession...
AMZN is currently sitting on pretty critical support zone that it has held since the double top rejection that occurred in early October. On the RSI, we can see it is forming an broadening ascending wedge pattern which is more often then not a bearish pattern that ends up breaking down. However, we might get one more retest of the top of the ascending broadening...