Apple has fallen from the tree. It is heading towards oversold territory. The Daily RSI of AAPL just shy of 30. Expected to reach near 180 very soon. This analysis is based on the weekly chart presented above.
Strong support at 180.6 based on prince and volume actions.
The Blue trend line shows a support at the same price level.
SPY got rejected at the neckline 281 and currently forming an inverse head and shoulder pattern. Currently, stochastic RSI is in the overbought region. We can expect a pullback to the 270 level and then a reversal from there. Once the neckline is broken upward, we can expect a bull run till the end of December.
Tech stocks took a big hit today and SPY (or SPX) has broken ichimoku cloud on the daily chart with a 3% drop. It could be the beginning of a bear market or a correction. We all know the big correction is due. Trade safe!
Welcome to the update for the Bitcoin Bear Festival. I am still bearish. We started the week with a nice bounce which didn't last and big red Ichimoku cloud was upon us as a resistance on the 4H chart. So we had a wild drop on price. What I see on the chart:
4H chart analysis:
Bear flag detected (Black inverted flag on the chart)
Tenkan-sen and Kijun-sen...
Hello darkness, my old friend, I've come to talk with you again!!!
Yes, BTC goes into the freaking darkness again, and again ... and again. We had a fake bounce. Now buckle up for crash landing! Nobody knows if we can find bottom at 6k. Maybe 5.4k or 3k.
After BTC mama jumped off the cliff, bulls caught mama on 6400. Now they are taking her to 8th floor.. who know 9th floor or above is also a possibility.
Stochastics and RSI oversold with bullish momentum
Weiss wave buy volume initiated
We finished TD sequence (9th candle) with a hammer and bullish cross on Stochastic at the same time
As you all know BTC mama went for a bungee jump again and right now hanging in there below 7k. Good news is the RSI and Stochastic are already pretty low. We expect a reversal soon.
1D chart analysis:
Stochastic oscillator: K is at 17 and D is at 24. When both of them go below 20 we can expect a bullish crossover and that would be a very good sign. At least...
BTC mama took a vacation and went for Bungee Jump. BTC hit the support around 7500 and trying to recover now. I just want you to look at the Slow Stochastic indicator on the daily chart. It is oversold. If you pay attention to the two green boxes, the second one might end up forming a similar pattern like the first one. The box on the left corresponds to the drop...
BTC MAMA woke up strong last morning and beat the hell out of bears ass. So I slept well tonight. Woke up this morning and found that she is still kicking ass. As I mentioned on the chart I posted a signal previously when the price was dropping below 9000. If you see the 4H chart carefully, the pattern inside the two yellow circle looks very similar. That's how I...
That's a big fat ugly flag I drew. It really looks like a flag to me. lol. Chart says it all but I prefer the Kick Ass Zone. (obviously)
**This is not a financial advice. Just mere speculation of a crazy guy doodling whatever he wants. :P
Bulls pushed it very hard. BTC is looking good. We were waiting for this small pullback. Then we should start climbing up and test the resistance (red ) around 10K. I have drawn how I expect to see it on a 4H chart. Best timing would be when the next stochastic bullish crossing occurs (roughly like the way I drew it). Tradingview play button does not follow the...
BTC is looking better than yesterday which was an absolute bloodbath. We need to break the resistance and get back to the Keltner Channel. The DI- (orange) has dropped below 40 now which shows good sign. I still expect to see an uptrend in a day or two. Few more candles around 0.5 Fibonacci line would be good sign as it will break the trend line, but who knows the...