Since 1999 the price has never been this low. In terms of EW the current 5th wave is happening, seeming like a panic wave. The corona situation downs the oil usage and generates panic. But where there is panic, there is an opportunity to buy.
The levels the price is at, would be a good start, the ideal place would be around 10 since it is a psychological price,...
Following the wave count, at least a small correction should happen around these levels. We have had 5 waves up and a small ascending wedge broken, possibly starting the correction. First level to watch would be the support of the pennant, around 25500.
In case we break 26700, we are very likely to make a new all time high.
Apex has been downloaded about 25 million times in the first two weeks. Fortnite was only downloaded 10 millions times in the first two weeks. With EA close to a support, an opportunity is formed. Target around 110 dollars, stop loss when the support is broken.
TTWO seems to have made 5 waves down (4th was the pennant). Now we have touched a support on the daily level, 86 dollars. The earnings were good, yet there came a drop and there hasn't been a retrace. Analysist are giving TTWO a strong buy, as there hasn't been a retrace yet and there hasn't been bad news. TP around 110 dollars.
Activision seems to have made 5 waves down. Now that the earnings have been announced, it looks like a run could start, with the top of the pennant as first resistance (around 52 dollars) and the first fib as second TP (around 57 dollars).
natgas broke out of its falling wedge, aiming for the 2.9 dollar. Though the larger trend is bearish, the short term looks rather bullish. 3 dollar could be touched as it is the 38.2% retracement level (only after bullish confirmation break of 2.8) .
Apple has made a sharp drop (about 40% in 90 days).
It has bounced on the MA 200 (weekly), a very important support.
Now the bounce seems to be in progress.
The 160 dollar could be broken and if this happens the continuation to 175 is very likely.
We could see the 78.6% as a bullish as a bullish confirmation.
BTC broke out of the pennant and looks to go up higher. First target around 4400 dollar, possible top, next target would be around 4800 dollar. Volume has been rather low in the pennant, but volume was alright during the breakout so a continuation seems legit.
ETH has been and still is the most bullish coin this run.
Right now we have an ascending triangle.
A breakout would mean continuation to the 185 zone and makng the 215 (extention) possible.
Ofcourse a break of the trendline would rather make this a double top.
The opportunity now is the break of the purple line.
Ascending triangle for LTC, target around 0.0094 sats. Bullish setup, but LTC is Depending on the movement of bitcoin ofcourse, but breaking the red resistance would be a good opportunity to jump in. Otherwise a return to 0.0075.
ETH looks the most bullish one of the bigger altcoins (on coinbase).
Now that people are turning bullish again on btc, alts will get the opportunity to grow.
If btc completes the Inverse H&S, targeting around 4800, eth could easily reach 220 dollar.
A stable rise of btc will make the abcd pattern possible and with the sentiment turning bullish, this is...
After almost touching the 0.382 fib, a big move up happened with a lot of volume.
A lot of people are talking about a Inverse H&S that could be formed.
For this BTC would need to touch 43XX dollar and break through it with volume.
Targets for this trade are around 4400 and around 5100 dollar.
Trade stays valit until the red lines breaks.