Bitcoin Is pumping hard with no signs of slowing down atm.
It has done exactly the same thing as 2017 with a 5th wave being parabolic (Sorry Elliot).
The MACD looks the same on the daily as 2017 which makes me feel like the correction is getting closer.
we retraced from 2017 high on the 5th wave down to the forth wave of around 3.5k.
If we do the same again on...
90% of price Gaps are always filled.. There is multiple on Telsa's chart and its going to be a blood bath.
BE CAREFUL SHORT WHALES ARE WAITING TO MAXIMIZE PROFIT.
Long term its a great stock but i will not be buying above $100
The weekly chart caught my eyes as it has formed almost the exact same pattern as 2017..
If it was to have a 400% parabolic run like 2017 we could see a 54k BTC in the next 100 days.
Election may effect this. we will see.
SNAP broke out to the downside through an up trend and is now in the Kumo cloud on the daily chart and will find support around $21.20 then will either dump through or bounce back. Its a little oversold on the Stochastic indicator which helps me to see support around that $21.20 area. It broke through the Kumo cloud on the 4 hour and looks very Bearish.
Started a nice Elliot Wave pattern, coming to the end of the forth wave, Looking at the Stochastic Indicator says we are oversold right now so cannot see much downside left before the start of the fifth wave followed by a ABC correction.
Also a gap needs to be filled around $8.50
If it follows this pattern it will also create a head and shoulder pattern which will...
Fundamentals arent great with Gigantic Revenue losses.
Indicator Ichimoku is below the cloud and looks to drop more.
Stochastic Indicator looks to be bullish on the one day
Macd lacks momentum
Bollinger band have space to drop.
Price Gaps need to be filled at $2.50-$3 and around $3.45
ALL ON THE 1 DAY
I expect a Sell off tomorrow. we will see in this crazy...
Super Bullish on the daily Ichymoku especily if the Tenkan sen line can stay above the kijun..
Its overbought in the Stochastic and rising on the MACD however still room to grow on the upside but also still needs to fill the huge gap from $93-$100..
I think it will continue up and probably hit around $115 before being exhausted then make its way down to fill that gap.
The day chart shows its slightly over bought on the Stochastic chart but remains bullish on the Ichimoku, the Chikou span is still way above the trend..
We are having a breakout on the Bollinger bands with plenty of space to grow, The MACD is slowly becoming overbought but still lots of momentum.
Think we will probably move sideways a little bit before another leg...
All Indicators point to more downside movement on the 4 hour chart.. A little oversold but still plenty of space to carry on the trend and a lot of momentum still building up on the downside.
The 1 Day chart looks also Bearish the Chikou span has dropped below the trend and the day candle is sat in the cloud.
Has a long way to go down on the Stochastic and...
I believe XTZ will stay in this wedge for another month before finally breaking out and testing the price targets..
I expect it will crush through its $4 Target especially if the market in general is building up momentum.
$10 by the end of the year is not that far fetched, it would put total market cap around 7 Billion.
AZN broke up through Bullish Triangle only to Reverse back down to test support, support held and has started to bounce back up, Earnings at the end of this week will potentially push us up to the 60 range where there will be some resistance but could very easily break above it.. There is a lot of gaps that were not filled at the mid 54 range that I expect will be...