There are no certainties in the stock market. These names have shown good relative strength. This is an ETF based weekly charts that is designed to make money. This system is perfect for the person who works full time and still wants to follow trend and outperform the market.
As Russia/West tensions increase and US stock futures in red, it is easy to expect a further sell off in equities (the same should happen in crypto market). We already had a deathcross (Daily timeframe on top chart) on Friday and if you check past this pattern is actually bullish long term. Considering the Weekly chart, I am expecting a close below 30 RSI (11)...
The Russell 2000, as well as the S&P500 tend to have a similar behavior coming out of market bottoms. In this case, we analyze the potential move with past historical data. The first year is usually a strong one, the second one there is consolidation and accumulation, the third there is a strong rally that loses steam near September. Using market...
Using vix fix market bottom indicator coupled with the rsi by volumetric approach indicator, then added a fibonacci sequence with a pitchfork all in one automated chart setup... going to attempt to predict the market bottom and retest of 7.5- 8 dollar range.
Since IPO $TWTR hasn't broken out, Instead, it range traded then dumped from $50 to $13 and back to $50 The outcome? An accumulation pattern, a very bullish one. The same structure can be observed on $FB Just before it broke out from $70 to $274 That's right folks, a %1000 bullish move since $FB cracked that accumulation pattern. Targets for $TWTR $67 $82 $124
Key Support at market bottom at 24th December 2018. Falling wedge pattern indicating an upside breakout.
Bitcoin today faced rejection at 4k , which is a strong psychological barrier. Many bought in high , close to that 4k point or we wouldnt have peaked there. It is my unprofessional opinion That if BTC does NOT breach 4k by Friday and stay there , that Sunday will be a day of a massive selloff , as is often normally the case with crypto market cycles - however...