Well that didn't work out. EDO broke down instead of up with BTC's mythical golden cross.
The good news for EDO is it's throwing some heavy buy signals. Based on a convergence of multiple fans and applying some fib time, EDO looks like May 14/15 for a break out.
Or break down again. This coin is tricky.
Okay, so please forgive my crude drawing of a Trojan horse here.
But this sort of bull trap that could be in play just reminds of me a Greek tragedy.
Okay, so a lot of fuss has been made over BTCUSD forming a golden cross yesterday. But considering that golden cross ONLY happened due to the initial $100M mega pump.
Let's talk about that pump. The short version...
1 minute ago
NIO - A Chinese electric vehicle manufacture.
Beyond that, I don't know anything on this company's fundamentals.
I picked up 500 shares at $4.75 based purely on technical s. (Namely, that NIO appears very oversold)
Also picked up some $4.50 calls expiring 4/26/19... figured, why not?
Price target of $5.50 to $6
Gan Fann, when combined with Fib time lines help us estimate the likely time and price points breakouts can occur.
The tricky part with applying fanns however is they get messy quickly.
Four fans are displayed in this example.
What this suggests is on or around April 18th we'll cross a fan line, followed by a fib line on on or around April 21st.
One way this...
Little bit more to go.
Red box is the target.
Expected reversal (bullish) in 45 minutes. Could also swing in the opposite direction before resuming up.
Maybe an hour and 45 minutes for this to start. See time Fib line #5
According to this mini wave of Fib.
Looks pretty oversold here.
This coin likes to pump and form long wicks, making profits or losses occur very quickly.
I'm thinking the next 24-48 hours but could be delayed by a week. Low volume coin.
Price bounced perfectly off the .618.
Lots of indicators flashing buy, even on the daily now.
Targets are the boxes in order of difficulty. Blue is my tippy top...
LUN needs to break through the red box of doom before it can reach the promised land of plenty.
You can see Lun reversed it's year long down trend back on Jan 17, 2019.
Wave 1 completed and wave 3 looks primed to begin.
Current support line is tenuous. Could also drop down to the next line before reversing. LUN is a GOOD coin to have for 2019.
1 minute ago
The Daily view. As long as the price can stay about this top blue line, the bullish trend remains not only intact but STRONG.
We can also see a Cup+Handle formation, which would be in line with a break out, probably within 24-48 hours? I'm kind of expecting breakout to occur in the next 12 hours.
Gann Cup And Handle
8 minutes ago
Applying a combination of geometry and Fibonacci ratios, we have an interesting strategy, and one of my favorites, the Gann Fan . (We also have a possible cup+handle formation too but I won't be covering that with this post).
Begin by applying a 45 degree angle to the highs and lows of swing trades and then applying a...
Haha, so this for me is like waiting for one of my "children" to be born. This one closed a 4hr in that top wedge.
That's important, yo.
Expect coin to pop out very soon. Probably tonight.
Target of 1200 or beyond
That's the exact moment the GTO could peak out.
The following occurs:
1) We finish the 1/1 wedge and move into the bullish 2/1 wedge.
2) GTO, like most small cap coins is heavily manipulated. The last two spikes occurred at 1700 so why not this one too? ha.
Target (top blue line). 1198.. or let's just go with an even 1200.
Target 2 is the 1.618 fib...
If we apply geometry to the chart (Gann fan) we can see the price bounced off the 2/1 resistance line and now we're headed lower, unless DJI bounches at the current price.
Zoomed into the 4 hour, price is converging upon first Fib pull back level and the gan fann
Gee, I don't know... what do you guys think?
Looking to break up impenitently from this triangle on the 4H.
Zone out the see the daily on the Gann. See how the price broke upon crossing the 2/1? expect a similar wave with minor waves within to playout.
Target for this round - 1137
Longer term, next break out could be as late as may '19
I like GITFO for its...
The "Real Estate Market Cycle" is made up of four distinct phases.
There isn't an exact length of period of time each phase must last, but taken as a whole, the entire cycle averages 17 to 18 years from peak to peak.
Looking at the previous cycle (1989-2007) we can use Fibonacci and geometry to see where we currently...
Previous impulse wave failed, resulting in an ABC correction.
Looks promising from here. See updated wave count.
Wave three has the potential to begin immediately, or we could ride the 730-745 range for another week or two.
If the wave is successful, expect waves 3 and 5 to be very short lived shooting stars.
Not investment advice.
GWB - Great Western Bank.
Medium sized regional bank with high agriculture exposure proving vulnerable to tariffs.
Poor senior management decisions of the past are coming home to roost. Exit of tenured and key employees accelerating.
Look to purchase puts at $32-37