Here is an update my recent Virgin Galactic idea. The price has fallen below and retested the rising support line once that was established from the bounce off of $6.90. The blue arrow represents the maximum upside potential before the next leg down. Sideways movement towards the falling resistance line before the next leg down is another possibility. The Red...
British Petroleum has formed a double bottom at $36.60 just as doubt and uncertainty was looming yesterday with the OPEC conference delayed finish. The chart showed bullish divergence on the 2nd drop yesterday and I loaded up on Apr 39 calls under .80. I will be holding these calls rather than holding the stock in this uptrend. Good news and big bullish call...
This trade is for the options traders out there. We have a breakout of the falling wedge and the rsi is coming out of oversold. Expecting bearish sentiment on the S&P in the near term and gold to perform well in the meantime. I will be accumulating March 20 20 18$ calls which are currently priced at .78-.79. I will be holding these calls through the market...
Important levels are on the chart. I am in this for the long haul. This IS financial advice.
MTP has reached another all time low and is currently printing a double bullish divergence on the weekly chart. The chart is searching for a support level which was established last week between .72 and .73 cents a share. The divergence indicator is flashing a buy signal in this acummulation zone between .72 and .79 cents, similarly to how it did on the last big...
XLM Looks good to open up a long position here against BTC. Targets are in the chart.
Great run for the debut of this stock but bulls are losing steam. A healthy correction appears to be just around the corner. The chart shows the current price in the resistance zone with important Lower levels of support.
Large wicks to the downside happen often on exchanges as the whales decide to go hunting for stop sells and devouring them back up immediately. Large wicks down can be a precursor to large moves in either direction in the short term thereafter. This is indicative of whale accumulation in preparation for the move. The price of waves usdt should either trickle down...
Expecting a last leg down before a reversal. Look for a bullish volume spike in the green box on the chart if it does go lower and go long.
Dash has bounced strongly off of support in the area between .0065-.0067 BTC. Bullish Divergence accompanied by Big Bullish volume coming in at the low price level prompted me to enter just under .0067 for a long term hold. I have provided important levels of resistance for Dash against BTC. This chart is strikingly similar to the Algo btc chart that I charted...
I usually avoid posting btc usd charts simply because there are so many posts everyday. But here you go. You can see the symmetrical triangle has broken down into a bullish falling wedge pattern. I say this to clear up any confusion that I have been seeing with people referring to the symmetrical triangle pattern (in pink) as a bullish flag. The weekly Btc-USD...
The One BTC chart is currently printing a bear flag with hidden bearish divergence in the RSI. I am paying a lot of attention to this move because it Looks like a good place to scale in for a long entry. As usual, Buy zone in the green box. I believe this will be the last leg down before One begins a trend back to the upside.
A follow up on my busted symmetrical triangle pattern from a few weeks back. A few key things to note: 1) The breakout I thought I was tracking on ZEC was actually the impending bitcoin breakout. 2) The pattern was invalidated as soon as it dropped below the pink trendline. This should have been a sell signal into bitcoin and the reason we use technical...
We will know very soon. A breakout is imminent. To be safe you Can wait to see the direction before entry. This could be the beginning of a new uptrend for ZECBTC
Diamonds are not forever.