Just when the dump couldn't get any worse - Trump announces a trade & cargo ban between the EU and the states - rattling markets even more. We dumped below the channel, and the 200 weekly MA which has defined this whole bull market. However, we can see a bounce is in the work. Everything depends on the US market open. I believe if we can see one bit of good news...
Despite all the bad news and sentiment surrounding GPRO, I think it may have found a bottom here. We can see that with each major bottom over the past couple of years, it has created bull divs. At the curent floor of 3.5, there appears to be a decent amount of demand as shown by wicks on the weekly chart. We can assume that as long as there is hope for this...
One of my favs: BYD, starting to see movement now that Cov fud is dying out. $BRK.A bought a stake in 2008. In China, you'll notice taxis in many cities are all BYD EVs, yet this stock hasn't seen the love $TSLA has. It's also worth mentioning it's a profitable company. Balance sheet looks okay-ish, and it should be a big winner during the big switch to EVs (also...
I don't know how it happened, but I'm seeing some pretty clear EW structures. I'm not a big fan of EW, but when I see EW structures starting to appear, I tend to believe them due to the whole self-fulfilling prophecy thing. Thus, we might retrace to 9200 before reaching our final high at the main top trendline.
We have our reversal signal, golden cross on weekly EMAs (10/21) is also incoming. A basic retrace would suggest a $560 target based on the fib level. I would also take some profits at the first fib level ($350) just incase. But other than that, I would say risk reward is decent here, a potential 100% profit. As for the stops, this is highly subjective. If it is...
XRP has been in a very nasty parabolic move downwards for a few months now, with almost no relief bounces (or at least, very short ones.)
I believe this move may have finished, due to the lack of bearish momentum, the huge RSI bull divs and also the fact that despite BTC gaining like crazy this past week, XRP has held up well after an initial drop
I think a...
Sometimes, it's better to keep things simple. In this case, the 21 weekly EMA is an obvious indicator of whether we are in an uptrend or not. A decisive break above this has almost always resulted in an uptrend, except when a dead cat occurs just after a major top.
Therefore I think the current 21 EMA @ 4500 is the current major resistance. Of course, below that...
There's been a lot of talk of this bull flag failing and BTC "barting down" to new lows. However, although it looked like the bears had a shot yesterday, I think they've missed their chance.
Targeting 3900, around the weekly 10 EMA.
(1) Price slowly decreasing along with volume, suggesting lack of downwards momentum
(2) MACD on daily looking great - three gradually smaller humps
(3) Almost textbook falling wedge pattern
Feeling rather confident about this one, RW is good assuming you place a stop around 3200.
It's hard to place a target. I would guess that first target would be...
People laughing and feeling happy about their 5500/5000/whatever bids being filled - they will end up upset.
We can see weekly MACD crossing bearish with almost no upwards momentum the past few weeks. The pain will be extreme.
Target: 2000-3000 within 6 months.
We're looking at a >6x opportunity here. A double top seems to be forming
TP: ~$2.2, ~$2.7
- RSI bear div on 4hr and daily.
- MACD flipping over with bear div on 4hr, seems to be slowing on daily.
- Descending volume the whole way up
- Longs through the roof with absolutely no stopping
- Seems to be losing steam this rally
Stop loss is above double...
I have found an interesting setup on ETH, combining both fib levels and horizontal support/resis.
After we broke the last major low (around 360ish) it has been pretty much non stop until 250. An incredible fall. One that left a lot of panic, and gave us an all-time-low on the daily RSI .
I see this as an opportunity. A simple fib retrace lands us near that old...
Starbucks has been in consolidation for quite a while.
I believe it's due for a breakout, but due to macro issues - it hasn't been able to.
Earnings season has come, and earnings are showing very positive numbers. Assuming SBUX follows suite, it could trigger a breakout, which will in turn trigger a mid-term rally opportunity.
Note that this is assuming macro...
As you can see, we had a very disappointing rally back upwards, with a volume divergence. Although I had a lot of hope for a breakout to the upside, perhaps creating another 2013 situation with 2 bubbles, it was quite clear the whole time that this was just hope - the volume spoke volumes (hah.) The volume has now broken out with a resounding "we're going down."...
I had a lot of hope, however, despite the incredible amount of volume at the 6000 bottom, it appears we are flagging for one move down. I suspect this will be the last move down.
EW suggests this might be impulse leg A, and that after recovery, there might be another leg C down, however assuming we get a sentiment shift, we may be able to avoid a leg C; perhaps...
A while ago I posted this idea for a monthly fractal but with the target as 25k and the current 'top' as 7k (here: )
I wasn't sure that was the top and promised I would update when I thought the top is in.
I think the top might be in. And if it is, we can check...