Short term objective is 92. Not sure how much higher it could go than that but we'll see. Step by step.
On July 27, 2020, I published the post below, showing the similar structure in silver and bitcoin on the weekly chart. The similarity in structure suggested to me that Bitcoin would follow silver's price behavior. It did exactly that after breaking the 12k level, going vertical just like silver had after breaking the $19 level. I am not suggesting that silver is...
Big reversal in play here if we can close above 9.50. Looks like a matter of time for this one. Other examples of reversal patterns like this...
We have a breakout intraday. Think we can see new highs if we get above 59.
Look familiar?
A close above 5.50 gets things going
I am long April 170c and March 160c Pretty clear to me JNJ is about to get on a big run. Look at it against the S&P and the Dow: JNJ vs S&P 500 JNJ vs Dow Jones: And zoomed in JNJ vs Dow Jones:
On Friday we saw a lot of stocks fading from a strong Thursday session, which led me to close a lot of positions (combo of profits and losses) while also getting stopped out from new entries made earlier in the week (not all). I don't see much evidence that we're heading into deep correction territory, but I do see some signs that we're going to be under selling...
Slightly sloppy structure on the daily but sometimes that's even more bullish. Thanks to Scott Redler for bringing this stock to my attention. Weekly chart:
First, let's just look at the weekly chart of BNB. This is big: BNB vs ETH may have found some key support at this level, so we could see some outperformance here: Zooming in a bit further into the 4hr chart, BNB just confirmed if you use the 240min time frame as your confirmation for diagonal trend line breaks: I've always been a huge fan of Binance Coin...
BTC is range bound for now and likely to remain that way until it resolves the above. Something to keep in mind, this is my best guess that there will be another point of contact along the trend line above. So the symmetrical triangle I drew is actually not valid either - just another possibility... but it is what I would bet price action will do. It is a valid...
Breakout on the 1hr here. Intraday charts are less reliable but TWLO has been a top watch for me for a while. Watch the 320s for a possible false breakdown... But I think it's ready to go. Targeting 390s.
A break above 6 per bushel likely launches a significant move. I have no position - just watching
Getting long in the buy zone today
Long from 7.4. This could move significantly higher than 9.4 (Target 1) if highs are broken. Price is at prime reversal spot on the monthly chart: A clearer signal is a close above 7.7
Major structure here: Long Feb 19 $75 puts
If you've been waiting to add or buy because you missed the run it's time to watch for that dip you've been waiting for. Support levels to buy: 33k, 28.5k, 24k. I'd be surprised if it gets under 28 but we'll see. After that dip 47k could be next (if there will even be a dip beyond 36k):