Alternate idea, assuming an unlikely short term break to the downside or failure of the handle where it meets the apparent line of resistance, identified from the two highs shown. Previous idea - "Possible cup and handle. If we break above the $126.5 level, we could see a runner to the $137 level." Again, this is the other side of that idea.
BTC could simply be waiting for another markup but I can't see how. Feels like 2018 all over again, crazy FOMO across all markets(SPAC to CRYPTO).
likely coming down after a fantastic W - see 2018 5% SL just over 30,500 the real portfolio is on the sidelines as of Monday morning, happy to keep all my profit from the crazy year of SPACs.
Watching 3700+ for failure before entry Dangerously close to the end of a bad year. The timing could paint a nasty double top with a lower high, starting 2021 off with a soft foundation built on injections from the fed and pharma (aside from the "bad omen" that is a double top).
7% of the portfolio from $9.96
statistically, looking for anything between $2.5 and $3 Currently 1% of the portfolio @$1.48 and looking to add Tomorrow, hoping to catch it under $1.70. Aiming to bring the position to 10% of the portfolio for a little while.
Nearing the end of a consolidation that is typical to the cannabis stocks, also nearing a legislative tipping point in the USA. Look for a breakout after ballots are counted. IF legislative changes take place in favor of recreational sales or even just medical sales, this will likely go on a run and be uplisted to the Nasdaq. (similar to what took place on GPVRF-...
Hard to perform meaningful TA on a SPAC, so I will play the lottery of linework (coined by me, RolledChange).
A contested election will likely send us sideways and further into the current wedge but with little predictable volatility. Biden win could break us down and accelerate the wedge, giving the index an intra-week target of 2850. Trump win could also send us sideways and further into the current wedge, with the next likely move being to the resistance at 3500....
99% of my portfolio is in on this one, call me biased. The real fun would be had in writing calls...
upside target of $50 watching this one on the 5 minute if we break below 33.88, roll long into short and look for a bounce around 32.
Possible cup and handle. If we break above the $126.5 level, we could see a runner to the $137 level.
see chart, 14k if we break up, if we break down, watch the 5 minute and close the short when the 10 ema crosses back above the 20 ema
trading off the 10 & 20 EMAs, the daily is about to confirm the retest and signal an uptrend on the daily (green candle closing above the EMA cloud with the 10 over the 20) which could easily invalidate the idea published here: breaking down the right side of the blue "M". If the "M" does play our as depicted, it will simply paint a larger "W" with an upside...