Magic_Capital

Magic_Capital

$SPY topped out in the 423 range and pulled back quickly to the 50MA (daily) before bouncing. Normally, we'd consider this bounce to be bullish if it wasn't for the big gap that was created during the initial pullback. The market has a funny way of retracing it's steps in order to fill gaps left behind in the price action. This could be playing out now and a...

Magic_Capital

ETH has made a 40% run against USD since the last BTC/crypto correction and looks to be meeting resistance at current levels +3,100. Price has far exceeded all MAs and RSI +70 indicates overbought on historical basis, which means this is good place to take profits. $ETHBTC also looks to be topping out. ETH has a lot of momentum and could keep running to $3,300,...

Magic_Capital Updated 

$STORJ continues to chop. Overall structure resembles a descending triangle indicating price could chop until May before expecting a breakout. If you are bullish this wouldn't be a bad entry level, but volume is low and $DOGE is sucking up a lot of speculative capital. Is there a short term catalyst for this token that the community is tracking? Cheers, Magic Capital

Magic_Capital

Good entry to buy near the 100MA. Expect this level to hold or else we'd expect to test 200MA. Given where we're at in the cycle however, I'd expect more institutions to step up before crossing $45k.

Magic_Capital

Bitcoin price action shows a symmetrical triangle playing out as supply and demand is evenly matched. Investors seek confirmation of a bullish reversal or bearish continuation over the near term. If price breaks to the downside we expect to test the 100 EMA south of $50k before rallying for new ATHs. There were multiple corrections in the 2017 bull run before a...

Magic_Capital Updated 

Hi Trading View Community, Today, we're analyzing the trend and structure for $STORJ, a utility token that supports the decentralized cloud storage service, Tardigrade, by Storj Labs. The token is in the Top 110 cryptocurrencies per coinmarketcap.com, with a current market cap of $670M (FD $1.1B). It was recently listed by Coin base and volume and exposure to the...