Should get a little more of a correction before resuming up. The r/r on this one is amazing as well. Broke the previous parabola, but I made that thing over a month ago so there is no way I can know if its perfectly aligned. If price doesnt find some support quickly, price should reach 8-75 - 9.00 easily
Hoping to see a wick and a big green candle tomorrow
Currently getting a nice pullback into support. Need to keep an eye out in case the price closes below that trendline since it might trigger a head and shoulders pattern.
There is divergence on the snab rsi, but that candle on friday is an ugly one. I either expect to get a slight down day on Monday and possible consolidation on the week before a lot of buying...
Found really nice support on the base trendline and reacted nicely at both the 0.618 and 0.50 fib levels. Going to keep the stop loss tight since the price may drop into that critical support level. Should see this thing pumping in the next couple weeks. higher targets all depend on volume.
Similar setup to that last push up with the divergences. That support buying area goes all the way back to a double bottom in 9/2015 + 2/2016. Price also wicked into this area when forming the descending wedge that it is in.
I see the first lighter targets getting hit quickly before there is a retrace to find some support before resuming to final targets. Fib...
Got some nice divergence, there is a ton of short interest that was opened recently and the long end of the yield curve looks like it is going to start trending up.
Banks are oversold and inflation is coming and will likely stick for a while. This should pull up banks. This will also increase trading volume for the banks. Should see commodities / financial...
Price should pump to the first 2 targets within the next couple of trading days. If not, this will give a great chance to accumulate for the Sept target range.
Fib levels give some nice confluence for the parabolic move. Price should trade quickly through 0.382 - 0.618 before retracing slightly. This will give us a longer term confirmation on the bullish...
Reaching our C target of 70.76
BTC.D is looking overextended and broke downwards out of the rising wedge and 70.76 can be treated as a retest.
There looks like a bull flag was formed from legs XAB, but I am not confident in it because of the rising wedge.