Wow, what a couple of months... and weeks... and days... and hours! What the hell is going on with BTC!?
Now I know this post may get taken the wrong way to begin with so lets lay a few ground rules first;
1. This is just a scenario. Nobody really knows what BTC is going to do next, so no, I'm not claiming to predict the future.
2. I know the pattern is...
At a price to revenue ratio of 36:1 at the time of writing, this is one hot stock! But is it really worth it?
We clearly have a formation, but not confirmation, of a double top pattern for APT. We have a clear and solid rejection at the 28.50 zone and a 10% plus drop following. I don't think things are looking good for APT, not necessarily fundamentally...
The second idea being shared regarding OCN.
Here is the link to the first.
You will notice the idea was generally tracking well until... you guessed it, BTC decided to go for a run and leave ALTS behind. Our MA's had crossed and OCN assumed...
Perhaps a controversial post but will share the idea nevertheless for posterity. This is not meant to be an alarmists post simply a technical analysis with possible graver implications.
Before we get into the TA lets provide some background first.
Black Tuesday 1987. The market crashes 50% from its all time high. It takes 9 years and 1 month to...
As the title says the 7 & 20 day MA's have crossed the 50 day MA. This correlates with the previous bull run back in September 2018. Our 200 day MA has also started to flat line and cease its decline.
Interestingly in 2018 our bottom trading range lasted 26 days before confirmed break out and consequential bull run occurred. In the 10 days following...
A double top pattern has complete and down trend seems to be reversing albeit not reaching its assumed target of peak to support distance. This might suggest a possibility for additional bearish movement however other indicators would suggest otherwise.
Short term trend reversal seems to have occurred, however an additional days confirmation above 3.09...
We have a bearish descending triangle that has formed with next trend change due within the next 2 weeks.
Most of the signals here look bearish;
RSI is in bearish trend.
MACD looking to cross bearish.
Pattern is bearish.
RSI has not cross 55 mark since August of last year with down trend looking to continue.
Volume has increased however as the only...
We have a double top pattern with current trend line holding. We can see trend line was tested previously and it held to eventually bring us the double top. Assumed target in this case being 0.30 has not been reached suggesting further possible downside.
RSI has crossed bearish to re test previous support. MACD has also moved into bear phase. Volume is...
This is my first TA that I have shared, please let me know your thoughts,
What we have here is a head and shoulders pattern with a rising neckline. If we look at the past H&S formations we can see that we have had a retracement to the initial pivot of the first shoulder as a minimum. We have also retraced approx 80% on the second H&S(2) distance from...