acesquid

acesquid

Intelsat has taken a very large hit to their share price due to Covid-19 and C-Band spectrum battle: www.fool.com But does all this warrant a staggering ~95% drop in their stock? I certainly do not think so therefore, I am entering a small position for a long-term long play.

acesquid

There is no way current events are priced in. Tracking double top formation on SPY and failure of a normally bullish ascending triangle. Bullish patterns are less reliable in a bear market. I see more pain to follow.

acesquid

DJI seems to be forming a double top in the macro ascending wedge structure. Will this play out? Stay tuned.

acesquid

All i see is doom and gloom

acesquid

Looks like bitcoin has broken to the downside. How far will it go? Where is the bottom? I currently see three scenarios. 1st Scenario could be sideways trading in the band between 8900-9358 before price action reversal 2nd Scenario would be a bounce at the 8534 level to respect the downtrending channel before price action reversal or 3rd Scenario, where we...

acesquid

Just putting this one out there for my own reference. Will this pattern complete and then start another uptrend?

acesquid

Well, I just explain to them, I look for massive inverse phallic symbols. Massive on the 4hr/daily chart. I see good things for BTC in the immediate future but the looming threat is the 13500 resistance line that we retraced from. Will BTCUSD have the strength to push through the 13.5K resistance this time or will we be seeing another massive retrace from a...

acesquid

I think that LTCUSD has a WAYS to go in the overall long term trend. Performance has been stagnant compared to BTCUSD and will continue to be so while BTC dominance is high. When will the switch be turned on for LTCUSD? Only time will tell, but it may arise from the depths and rise out of nowhere like it usually does. The litecoin halving event on 05 Aug may be...

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I refined the lines a bit and also put the chart closer for better viewing

acesquid Updated 

Spotted a large ascending triangle which is a bullish indicator. Will this play out? Unless we get a pattern confirmation and break of the top line of the triangle, I am still looking for more downtrending to occur.

acesquid

Looks like an ascending triangle is forming for continuation to the upside for tesla. Ascending triangles are bullish indicators and I believe we may have a breakout sometime next week when the market reopens. Big things for TSLA up ahead for some spacex level liftoff!

acesquid

I see LTCUSD testing a key support level at 116.36. But will it hold? I think LTC is leading the trend compared to other altcoins. We might be at the end of the 4th elliot wave and start moving on up for the 5th wave. We could be on the verge of altcoin season, and if we are, I believe LTC will be leading the pack.

acesquid

I believe this is the 4th wave for the overall uptrend. I'm watching .618 and .5 fib levels for a retrace to 259 and 226 potential trend reversal for the start of the 5th wave. ETH has massive upside potential and the start of the 5th wave could be a result of altcoin season after BTC dominance subsides.

acesquid

Looks like BTC started the C-wave of the elliot correction wave. Look at key areas of support for BTC. I expect a retracement to at least 9498. Highly probable that we will hit 9498. My key levels of support where we might see a potential reversal of the trend are as follows. 9498 8936 7433 7053 Overall, I am still bullish for the macro trend. I would consider...

acesquid

Looking at prior performance of ETH/USD by overlaying bitcoin dominance chart and bitcoin price chart. Will we see a new altcoin season? Note that BTC peaked approximately 1 month prior to ETH peak.

acesquid

Charted the overall fib retracements from lower highs in the bear trend. Use lines for support/resistance

acesquid

Charted the fib retracements for BTC using lower highs in the bear trend. We're looking very good after 11800 and expecting big things in this insane bull market!

acesquid

closely watching retrace levels. Price targets at 298.49, 283.16, 272.40