TWTR is looking to break out of this descending triangle and continue its long term uptrend. If it can get rid of this hammer candle on the daily, this could happen sooner than later.
the 3 month chart is starting to look like a cup and handle formation. Indicating we could see a huge spike for Crude Oil in the next 6-9 months.
Daily update on BTC, after a dramatic last 4 hrs, it is consolidating at the top of a symetric triangle which is typically bullish. On an accompanying note, a short squeeze is in play as they are near an all time high. If this works out the congested 6800 area could be a target with best case 7150 to hit the 200 ma.
Possible bull flag forming on the 4 hr and 1 hr, I suspect it will make one more small dip before breaking out in the next 8-12 hours. If this plays out some potential targets would be in the 6800 -7200 range. Have to see the momentum it carries before getting any more specific.
I was looking at this pattern for another chart and realized this could match with BTC's sharp price action if it keeps this up. If we accelerate to 3-4k in the next couple of weeks(As we are currently on pace for), this could be something to keep an eye on.
Was looking at twitter since the recent fall. It just put in a nice solid candle that looks to be a pivot point in the 32 region. If this holds true 35-36 could be some easy short term gains
From a weekly perspective a bear flag seems to be forming. the RSI is also a little to over bought to indicate that last week's candle was a firm bottom. A wick to 6.8 to 7k is possible due to the bullish nature of last weeks candle but looks to be short lived.
Testing a chart prediction here. This goes alongside a bias that crude oil is on the rise and this being one of the stocks that could exponentially mirror that effect. Havent drawn one of these before but could be considered a diamond bottom indicatating a strong reversal trend to probobly the 50 ma (3.40). Another way to look at it is it is breaking out of a...
Starting daily updates to check my accuracy, btc seems ready to break this descending triangle, could be a momentum shift. the last 2 hammer candles signal nowhere to go but up. Caution could come back down quick though.
I was checking BCH out and noticed from weekly to hourly. This typically means it has no choice but to go up from here and could run out of steam at the moving averages (800) or the next resistance line (880)
Taking a look at this as it a commision free energy ETF on Fidelity, Looks like a textbook bullish flag is forming. I personally am hoping for a slight retrace to 21.00 before and explosion to 23 and beyong. Weekly chart so may take a month to play out but something to monitor alongside the price of oil
Oil with an interesting start to the week. bouncing of a key support and looks poised to continue upwards to 15.5 region with no forseeable issues. RSI also relatively low on weekly and daily timeframes
BTC just completed a head and shoulders pattern and in the process broke through several key resistance levels. If it is to continue to 10K this would solidify that we are proboboly in a mid-long term uptrend. I feel this could be a trap though. I see a slightly more likely scenario where we go sideways and then lower in the shorterm. If we cannot get to 10k in...
My chart is playing out pretty well thus far, BTC broke 1 resistance (6.3) on the 4th of July. and is struggling with the 6.8 area. I'm thinking it will go sideways and drop soon. It is possible for a breakout since we double bottomed around 5.8 but I believe we would have to go lower to gather enough buying pressure to get through 6.8.
I had 2 good calls yesterday on alts (bat and key) so why not keep em coming? These plays are only possible when BTC is stable so enter with caution but I think it may remain ok over the weekend. OMG just bounced off a critical support and looks upward bound. Hopefully it will get an upward spike soon.
eos is dancing on a great support region with little resistance above it. The timing is hard to determine on this one but if btc continues to stay stable I think this could move up drastically short term
ALTS are sometimes good short term plays to gain BTC while btc is temporarily stable. This is a new coin but has a decent pattern forming.Hopefully BTC can remain stable for most of the day to allow this to play out.
I recharted this in terms of ETH/BTC since I might consider shorting this in the near future. Eth is definetly due for a volatile move within the next 2 weeks. The fact that a cross is about to happen makes me shorten that timeframe to the next couple of days. the 20 ma is crossing downwards which is bearish. there is also 2-3 times resistance going up than down...