So taking a look at the past and previous patterns. I would say BTC is def going down some more. For all you Elliot Wave Schills out there you can leave your comments below about how right you were.
As you can see critical price points have been broken, and the bullrun continues.
Most long term indicators are crossing, and this one has been a long time coming from it's $420 high (pun intended). If you aren't buying right now....WHY WHY WHY what are you doing, stop reading this and buy LTC. :P
Sure this may go higher, but a short term pullback is in the near future.
I previously charted this stock with the hopes of a breakout to the upside with all new highs. I liquidated before the recent overall market pullback that happened. The one aspect that will always get me into a stock is CONSISTENCY. If the price action seems to continue to follow past trends it is safe to assume it will do the very same again. Now......I am not...
With indicators at all time lows for some, seems like a peak opportunity to have some new money pour in, say from a Wall Street sell off....
Hmmmmm, so going back on this chart which actually goes back to 1970, we can see that these price levels for all indicators are very high. I would expect a nice healthy price apocalypse in the next 6 months, and when it begins it could last year(s)......but what do I know right???
So I have tracked this stock for months now and it seems when Bitcoin hits the bottom so does this stock. bought in at an average of $.0825. Giddy Up!
Indicators show that the time for an outbreak needs to come sooner rather than later. Will take some profit soon than see where this goes.
Should have taken some profit off the table yesterday :( Instead will load up when 1 day RSI hits 50. Still has more room to run, and for how many multi-million dollar contracts this company receives (which seems like a daily occurrence). Buying more than selling.
All indicators show that a breakout from these levels will come in the next day.....Lets watch
I would expect one last good push towards $3. Then it will take another break. What a great moving crypto today, almost time to take some profits.
With volume and indicators reversing, it looks like CANN is getting back on track.
The tide is finally turning in the right direction for $LTC. Crypto tends to make a violent turn in the direction that it trends in, then pulls back in the opposite direction. Buy side volume has been great all day and with limited selling. Also the typical indicators of RSI and MACD are also showing strength. I typically look at the 15m, 30m, 1hr, 12hr, and 1 day...
This stock has been a bit of a wild card with lack luster performance based on it's peers. I would say if you're in this stay in, and if you are on the sidelines waiting you should for awhile longer. This stock is in need of a press release based on earnings or some sort of earnings (like what was promised!). With the amount of volatility today and the ask/bid...
This stock obviously trades in price ranges. Buying under $9.00 is smart regardless. But set limit order for $8.15.