Price has soaked this mid 140 ipo"ish" range. Time to see if we can get some continuation in this move. People are still crazy active on their platform and I think the IPO hype has died down a bit, so it could be a bit of a friendlier trade.
Simply put, price needs a push through $20 if we want the move to continue. The correction from highs was steep enough for me to think this new range base can round out and give nice support for a move a move back into the 20s/30s.
Price has clearly absorbed the volatility from the last week and a half, we're no longer seeing 20-30% down days like we were last week. Price is stabilizing, bids are stepping in and price is being soaked. My guess is whatever catalyst sends #bitcoin back to 60k will also help with these alt coins and getting them more popularity from investors and the overall...
2018 pop and dump saw a 75% correction. Right now we're sitting around 50%. Price could trade sub 20k and not break the chart. Odds are it pushes to market extreme pain points, stops many out, and then turns back around and heads for 100k. Who knows though. Only risk capital you can afford to lose.
Would Like to see a continuation in the sell off with Jet blue, the stock has become extremely overextended the last 12 months. Looking for a 12-15% pull back. Looking for that 38.2% fib retracement to come into play.
Plotted, are my details of the trade. I like BBY to the downside before their earnings report. I'd like to cover a day before they report with hopefully a nice gain. Immediate price target would be to fill the gap around 36.42. From there, I think it completes wave 5 of eliots wave and hits the 32.88 area.