Watching this for a while, but the daily bear divergences kept me away, even though it broke above it's weekly trendline. Now that it's pulled back and found support it may finally run above and beyond it. A trader may add a small position here and wait to add more when/if the trendline breaks. This is a low cap stock so please don't buy too much if you decide to...
Doesn't come any cleaner in BTC land. However - everyone sees this, so when it breaks (up I assume) expect a fakeout, quick sell off to stop out longs, 5 minutes of panic, and then huge green candle.
Target above 12,500 maybe even above 13,000 to clean out shorts.
This is what the MM's do over and over again.
Nice impulse up with volume over the past few months with a clear ABC correction. The recent correction "may" have finished because $10 (near the .5 fib) is a big psychological level and the dip below it was bought very quickly on Friday. Could we go lower? Certainly, but I would keep this one on a watch list.
Good luck and trade safe!
Although the moves are not exact, SPY takes similar moves to BTC after a few days/weeks since last year. Does BTC (which trades 24/7) foreshadow the movements of the general markets? It certainly seems that way lately. Worth watching if you are trading both markets!
The bearish signals are mounting and we've stopped at the .5 fib from the previous high from Last July. It certainly feels like this was/is a corrective movement - NOT impulsive. After such a run with almost no pullbacks, I think we'll get a very real and bloody correction now. I know most people are hoping for a buying opportunity at 4500-4800, but if that level...
I've been accumulating this in the last few weeks, faithfully waiting for this day. Today's massive volume spike seems to signal the beginning it's ascent. SPX also had a failed breakout this week and inverted hammer on the weekly - very bad news for bulls. That, and other numerous factors (global economy, yield curve, etc. etc.) makes me believe even more...
LTC started this crypto rally and LTC is going to finish it. It may be the top for this rally here. Even if it goes slightly higher, I would not be buying any large caps with that bearish daily divergence on LTC.
Reentry at 40 dollars with a longer term target of $100-110.
Looks good for continuation to 4k area, however - everyone is seeing this same pattern. I would watch closely for a bull trap in the form of spike up then quick sell off to 3480 area. These kinds of obvious chart patterns are taken advantage of by Whales. It has happened before, so be careful. Good Luck!
A little more pain for bears before we head down. Divergences and trendline seem to make the case for a bit higher first. Capitulation short squeeze? Signs point to Yes.
Short term targets at the lower green boxes. Good Luck!
We're getting close to a big move. I think the signs point to UP rather than DOWN.
A few reasons I think we're going UP and not DOWN
1. Positive Divergence on the RSI
2. Falling wedge pattern (ending diagonal)
3. Wave count (current patterns don't seem to be impulsive as much as corrective).
4. .618 retracement level has held so far
5. ETF withdrawal news...
4800 target area, could even touch 5k. I feel this is a 4th wave playing out as a falling wedge. Considering the how big the 3rd wave fall was, some more upside is expected before the final flush.
We have divergences on shorter time frames and shorts near all time highs. When it gets quiet like this with divergences, it usually comes as a surprise.
Looks like a Bull Flag. I'm expecting a pullback next week which will correspond with an overdue SPY bounce. Will enter at the lower trendline with a close stop as this instrument is extremely volatile. We should start seeing the real panic soon.
Well, I kept hearing about the "end of the cycle" as made famous by Ray Dalio, so I decided to do some measuring on the good old S&P. Could we have hit the top of the market?
In measuring the fib targets, I decided to start Wave 1 at the lows of the 1987 crash. That seems to make sense as it's the beginning of the "information age". Also, each Primary Wave would...
Blow off top marks the high for me. This chart is performing very technically as the B wave went right to the .886 fib today to trap as many bulls as possible. If we don't get higher above 4.77 again, I expect a rather long bleed out to the main trendline or support, whichever comes first.
You can buy DGAZ if you want to trade against it but beware as it is a 3x...