Sometimes, it's better to keep things simple. In this case, the 21 weekly EMA is an obvious indicator of whether we are in an uptrend or not. A decisive break above this has almost always resulted in an uptrend, except when a dead cat occurs just after a major top.
Therefore I think the current 21 EMA @ 4500 is the current major resistance. Of course, below that...
There's been a lot of talk of this bull flag failing and BTC "barting down" to new lows. However, although it looked like the bears had a shot yesterday, I think they've missed their chance.
Targeting 3900, around the weekly 10 EMA.
(1) Price slowly decreasing along with volume, suggesting lack of downwards momentum
(2) MACD on daily looking great - three gradually smaller humps
(3) Almost textbook falling wedge pattern
Feeling rather confident about this one, RW is good assuming you place a stop around 3200.
It's hard to place a target. I would guess that first target would be...
People laughing and feeling happy about their 5500/5000/whatever bids being filled - they will end up upset.
We can see weekly MACD crossing bearish with almost no upwards momentum the past few weeks. The pain will be extreme.
Target: 2000-3000 within 6 months.
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...
A while ago I posted this idea for a monthly fractal but with the target as 25k and the current 'top' as 7k (here: )
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.
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...