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anyone knows what it means when a broken down falling wedge fails?
TP $27, 30
We're looking at a >6x opportunity here. A double top seems to be forming
TP: ~$2.2, ~$2.7
- RSI bear div on 4hr and daily.
- MACD flipping over with bear div on 4hr, seems to be slowing on daily.
- Descending volume the whole way up
- Longs through the roof with absolutely no stopping
- Seems to be losing steam this rally
Stop loss is above double ...
I have found an interesting setup on ETH, combining both fib levels and horizontal support/resis.
After we broke the last major low (around 360ish) it has been pretty much non stop until 250. An incredible fall. One that left a lot of panic, and gave us an all-time-low on the daily RSI .
I see this as an opportunity. A simple fib retrace lands us near that old ...
Starbucks has been in consolidation for quite a while.
I believe it's due for a breakout, but due to macro issues - it hasn't been able to.
Earnings season has come, and earnings are showing very positive numbers. Assuming SBUX follows suite, it could trigger a breakout, which will in turn trigger a mid-term rally opportunity.
Note that this is assuming macro ...
As you can see, we had a very disappointing rally back upwards, with a volume divergence. Although I had a lot of hope for a breakout to the upside, perhaps creating another 2013 situation with 2 bubbles, it was quite clear the whole time that this was just hope - the volume spoke volumes (hah.) The volume has now broken out with a resounding "we're going down." ...
I had a lot of hope, however, despite the incredible amount of volume at the 6000 bottom, it appears we are flagging for one move down. I suspect this will be the last move down.
EW suggests this might be impulse leg A, and that after recovery, there might be another leg C down, however assuming we get a sentiment shift, we may be able to avoid a leg C; perhaps ...
Could potentially dip further to the support line, but a long seems pretty strong here.
A while ago I posted this idea for a monthly fractal but with the target as 25k and the current 'top' as 7k (here: https://www.tradingview.com/chart/BTCUSD/eaHVQq1B-My-friends-Bitcoin-monthly-fractal-25-000/)
I wasn't sure that was the top and promised I would update when I thought the top is in.
I think the top might be in. And if it is, we can check ...
This one is just so stinking obvious. As I see more and more bearish cases for gold, even now, it's becoming clear that metals shorts are being forced to cover one by one. Keep in mind that short positions against metals are absolutely huge. I expect a squeeze soon and another market cycle.
Clear volume and RSI divergences forming on 4hr. Same probably show up on daily, too.
Money will return to BTC too, so it's probably a BTC long signal.
Stop loss just above $3.
Mass cannot be created nor destroyed, only moved to BCH and back.
Both of the green zones are buys for me.
After this, 25k. I still believe we are at peak greed and delusion, but you might as well play the wave.
* Switched off log chart for added effect *
tldr: I'm selling a bit each day on the run up to christmas, regardless of price.
For anyone who follows me, you'll notice I had a set target in my previous chart - and then before we went for our next bull run, I quickly added an update saying I had no idea how high it was gonna go, and you probably shouldn't short. I ...
You can see here we have clear accumulation, infact I don't even need to draw lines.
China is currently building several massive railway projects all over Asia, and I'm sure this will at least lead to a huge spike in CRRC's stock price eventually.
That was an impressive shakeout. I'm sure the bears are so excited about that 4hr red candle.
Okay, okay, bitcoin looks pretty messed up, but I think it has one more leg up. It is, however, clear that the market is extremely fragile up here, thus I assume a massive correction to happen on the final leg up - probably from around 12.5k. At the next ATH, short to ...
I have been watching Cisco for a long time,
Not only is it the biggest networking company in the world (or one of them,) but it has somehow managed to underperform the market even whilst cybersecurity and such are becoming such big trends.
There are several reasons, however one of the main ones is the report that came out saying that the growth of earnings may ...
We can see this fractal on any time frame. I'd say it has a high success rate for bitcoin.
Blue horizontal lines indicate price targets for the dip and subsequent pump next year.
Note: this is assuming we top here, I'd say we have until 7,000 potentially. Let's see what happens. I will post a new chart when a confirmed local top is in.
The time to sell is now and soon.
After about a day of absolutely boring sideways, something interesting happened that took everyone by surprise: we broke back up, in-fact retraced 100% to the previous local top.
This is interesting, because people who have their cute little wave counts (including me) assumed that after the drop from 3800, this marks an a-b-c correction finished and the downtrend ...