This FED pump is like the "gasoline" heading toward the spark that awaits in the green PRZ.
Possible first stop, conservative . 382 retracement , still remaining bullish for further upside.
Second more disastrous outcome, deep bearish crab toward the 1.618 fib at 2700
NOTE: Not trading advice.
BITSTAMP:BTCUSD We see BTC has entered into a triangle consolidation level. I see two possible scenarios coming out of this range, given the current technical and fundamentals around Crypto as of this day. Bullish and bearish counts are as follows.
Watch for price action to track the mapped pattern and wait for confirmation of direction. Trade safe!
BINANCE:LINKUSD Self explanatory when looking at the pattern and respective moves. I've included Fib extensions to chart where Link may go to next, but suspect $30 would be the top if there's bullish continuation from here. Trade safe!
NOTE: NOT trading or investment advice.
KRAKEN:EOSUSD Consolidating since March of 2020, EOS appears to have broken above the triangle resistance near the apex. Currently, price action is re-testing that triangle breakout that was once resistance. If Bitcoin continues with a shallow retracement here and consolidates over the next few weeks or months, I believe EOS has a potential to retrace up near...
Since the 70's, GE has closely followed a price structured rise of the S&P 500. However, at the end of 2016 you can clearly see GE stock began selling off, diverging in price over next several years while the S&P continued to climb higher. What has my attention about this chart is how price was once in lock step for 40 years, then winds down inversely to an...
Waiting confirmation of this butterfly pattern... Interested to see how $TSLA evolves over the next few weeks, given economic news and competition in the electric space.
Note: Not trading or investment advice. Entertainment only!
Update to my previous S&P chart from Nov '19, illustrating bearish divergence that led to a massive selloff in Feb - Mar of 2020, nailing my short target exactly:
Fast forward now to August 2020... The questions I have are:
1) Will we get continuation from the V...
Ooooooooof!! Bearish 5-0 Pattern here? Not validated as of this posting, but a harmonic certainly appears to be forming.
Speculating the high PRZ between 1.13 & 1.618 fib extensions. ($809 -$910)
Low PRZ could be around extension 1.618 - 2.24 ($259 - $79)
Note : NOT trading or investment advice. Entertainment only.
Interesting to see the formation structure, using a simple lines and a NON- log chart. BTC has been retesting this zone since last August. Seems bullish to me that we've hung around this area for several weeks. Looking towards the next several months to see if BTC reaches the above fib levels.
NOTE: Not trading or investment advice. Entertainment only
What can I say, I'm a fan of Stellar... Have been for years, but have never posted an idea. Long overdue, for sure. That said, I think it is reasonable Stellar could retrace back up to the blue box level, given how well it did in 2017. Overall, I like the concept and certainly the price point for new crypto adopters will flock to this coin...