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Bitcoin (BTC/USD) price has been downtrending inside a falling wedge pattern for the past 3 months.
Price is currently below the 6 month uptrend support trendline, and is testing the $25000 zone.
If the Bitcoin price closes and continues to fall below $25000, the 6 month uptrend could be at risk.
The next one to two months of Bitcoin price action will likely...
Bitcoin (BTC/USD) has formed a head & shoulders resistance price pattern under $31,000 in May 2023.
Support Price Target(s) below are: $25000, $24000, $22000, $20000.
Bitcoin needs to establish and hold a price support level above $20,000 to maintain an Uptrend in 2023.
note: the longer-term price trend for Bitcoin could take months to establish and develop.
Silver ETF (SLV) is exhibiting bearish momentum on its daily chart.
Price has been rejected twice under the yellow resistance trendline.
Oscillators are also starting to lean bearish.
Potential downside targets (short-term) could be -5% to -10% down.
Bearish Target(s): $22.33, $20.86.
However, if price breaks out and holds above $24, this idea would be negated.
The S&P 500, Nasdaq, Dow Jones Indexes, and Bitcoin cryptocurrency have all reached a Resistance Price Level Zone in April 2023.
USA Stock Market Season for Q1 2023 officially began on 04/14/2023.
If the majority of Stock Earnings are good, the price of all 4 assets could breakout above to test previous 2022 high prices (August & April 2022).
However, if the...
UNG (US Natural Gas ETF) has formed a double-bottom price pattern on the Daily chart.
The Price has found temporary support above $8.21.
Support Price Targets are: $8.21, $8.16, $7.72, $6.11.
Resistance Price Targets are: $8.99, $9.93, $10.97, $11.97.
UNG etf does not always correlate & follow technical analysis charts.
Be aware of global fundamental news...
BTC/USD (Bitcoin) cryptocurrency has finally broken out above a 1-year falling wedge price pattern.
Bitcoin price needs to stay above $25000 and continue its uptrend to sustain a rally this year
Resistance Targets above are: $30000, $40000, $50000.
Support Targets below are: $25000, $20000, $15000.
note: recent volatility and price action has been...
Bitcoin (BTC/USD) cryptocurrency price is attempting to bounce up from a yearly trendline support zone price of $16000.
Bullish scenario: Price could continue to rise and breakout through resistances above. Resistance targets above would be $25000, $32000, $40000, etc. A true breakout would need price to close above $25000 and continue a sustained uptrend...
The SPX (S&P500 Index) price is attempting to breakout above $4000, as earning season kicks off on 1/17/2023.
Bullish scenario: Inverse Head-and-Shoulder price pattern breaks out above $4000 resistance neckline zone. Resistance targets would then be $4085, $4300, $4600.
Bearish scenario: Double-top price pattern rejects price and drops back down to $3900,...
Bitcoin (BTC/USD) has temporarily found a Support zone price level above $18,000.
If price can hold above the $18,000 for a significant period of time (e.g. weeks and months), then a bull rally reversal could possibly occur.
However, if support is broken to the downside, price could continue a price downtrend.
Support zone price levels: $18000, $17000, $16000,...
SPY (S&P500 ETF) is nearing a price Support Zone before corporate earnings season begins.
If Q3 earnings are positive, a bull rally reversal could possibly occur (e.g. June to July 2022 price action).
If Q3 earnings are negative, support levels will breakdown and a price downtrend could continue (e.g. March to April 2022 price action).
Support Zone price...
DOGE/usdt (Dogecoin) is forming a symmetrical triangle price pattern on the 15-minute time frame.
Price volatility & measured move could be about + or - 5%.
Resistance targets are: $0.87, $0.88, $.90.
Support targets are: $0.85, $0.84, $0.82.
NVDA (Nvidia) stock price may have reached temporary resistance below $191.
Potential bearish momentum is forming on the MACD indicator as well (4-hour time frame)
Nvidia reports earnings on 08/24/22 post-market.
Resistance price targets: $191, $194, $200.
Support price targets: $185, $183, $180.
Apple is currently in an extended price uptrend (1 hour, 4 hour, daily time frames).
However, Bearish MACD Momentum has been forming in Apple stock, 4-Hour and Daily time frames.
Apple stock could pull back about -4% for a potential bearish swing trading setup over time.
Watching the intraday price action to see if Support prices are lost to the downside, and...
Binance Coin (BNB/USDT) cryptocurrency is in a intraday uptrend (15-minute, 1-hour, 4 hour time frames).
However, the MACD indicator is beginning to exhibit potential bearish momentum.
Binance Coin could pullback down about -4% over time for swing trading (especially if Bitcoin pulls back down as well).
Watching intraday price action for signs of a double-top...
SPX ( S&P500 ) is currently testing Trendline Support price above $3737.20.
SPX price could potentially bounce up from trendline support to the price targets above: $3894.86, $4000, $4100.
FOMC Statements & Press Conference policy changes could cause extra volatility this week and month for risk assets.
This would mark the 6th major time the SPX price has...
Bitcoin (BTC/USD) price has bounced up from $20000, forming a Trendline Support Line.
Intraday price pullbacks back down can occur this week and month.
Watching to see if a new 1-hour or 4-hour Uptrend forms for Long Swing Trading or not.
Bullish Targets would be: $24000, $26000, $28000.
However, if an intraday uptrend fails to form, there could be a re-test...