Bitcoin (BTC/USD) 4 Hour chart: price broke out of the symmetrical triangle to the upside. Potential resistance prices: $73000, $75000, $80000. Potential support prices: $64000, $60000, $55000. Bearish scenario: Price rejection below $74000. Could start a new downtrend if price is rejected again, in the medium-term time frames. Bullish scenario: Price...
QQQ (nasdaq etf) has been uptrending for over a year (2023 to 2024). However, signs of a potential pullback in the long-term charts are showing with the price and rsi oscillator. In the long-term, a potential pullback may occur in the price, and the price could fall down to $426, $419, $400, $394 support levels. Long-term resistance levels are: $460, $470,...
MJ ETF (cannabis) has potentially double-bottomed over the past 6 months (october 2023 to march 2024). Either a possible tradable bounce, or a long-term rally could occur over time as more countries partially legalize cannabis and marijuana. Long-term resistance price targets would be: $6, $9, $14, $18. Support price targets below would be $3, $2.50, $2,...
Bitcoin (BTC/USD) has been in an uptrend for over one year, 2023 to 2024, and is currently testing all-time high prices. A potential Morning Star candlestick pattern (bearish) is forming on the weekly Bitcoin chart. Bitcoin price may fall in the short-term leading up to the Halving Event in April 2024. To continue an Uptrend in 2024: Bitcoin needs to...
Bitcoin (BTC/USD) price is uptrending and currently testing all-time high price levels, again in March 2024. Bitcoin price needs to break and hold above $70000 to continue the uptrend this year in 2024. Weekly Resistance pivot point levels are: $70000, $80693, $90000, $98690, and $116687. Weekly Support pivot point levels are: $60000, $52511, $40000, $34514,...
Bitcoin (BTC/USD) has been in an uptrend for one year, and is currently seeking to create a higher-high pivot point in price action. Bitcoin has been approximately 77% correlated with both QQQ and SPY (stock index etfs) price action for the past 30 days (mid January to February 2024). BTC support price levels: $44000, $40000, $35000. BTC resistance levels: ...
SPY (S&P500 etf) has been in an uptrend for one year, and is currently seeking to create a higher-high pivot point in price action. Weekly support levels are: $484, $477, $462. Weekly resistance levels are: $502, $510, $517. Livestream Announcement: My Livestreams will be postponed until approximately March 2024 due to covid illness. Thank you for following...
Bitcoin (BTC/USD) price has been downtrending inside a falling wedge pattern for the past 3 months. Price is currently below the 6 month uptrend support trendline, and is testing the $25000 zone. If the Bitcoin price closes and continues to fall below $25000, the 6 month uptrend could be at risk. The next one to two months of Bitcoin price action will likely...
Bitcoin (BTC/USD) has formed a head & shoulders resistance price pattern under $31,000 in May 2023. Support Price Target(s) below are: $25000, $24000, $22000, $20000. Bitcoin needs to establish and hold a price support level above $20,000 to maintain an Uptrend in 2023. note: the longer-term price trend for Bitcoin could take months to establish and develop.
Silver ETF (SLV) is exhibiting bearish momentum on its daily chart. Price has been rejected twice under the yellow resistance trendline. Oscillators are also starting to lean bearish. Potential downside targets (short-term) could be -5% to -10% down. Bearish Target(s): $22.33, $20.86. However, if price breaks out and holds above $24, this idea would be negated.
The S&P 500, Nasdaq, Dow Jones Indexes, and Bitcoin cryptocurrency have all reached a Resistance Price Level Zone in April 2023. USA Stock Market Season for Q1 2023 officially began on 04/14/2023. If the majority of Stock Earnings are good, the price of all 4 assets could breakout above to test previous 2022 high prices (August & April 2022). However, if the...
UNG (US Natural Gas ETF) has formed a double-bottom price pattern on the Daily chart. The Price has found temporary support above $8.21. Support Price Targets are: $8.21, $8.16, $7.72, $6.11. Resistance Price Targets are: $8.99, $9.93, $10.97, $11.97. UNG etf does not always correlate & follow technical analysis charts. Be aware of global fundamental news...
BTC/USD (Bitcoin) cryptocurrency has finally broken out above a 1-year falling wedge price pattern. Bitcoin price needs to stay above $25000 and continue its uptrend to sustain a rally this year Resistance Targets above are: $30000, $40000, $50000. Support Targets below are: $25000, $20000, $15000. note: recent volatility and price action has been...
Bitcoin (BTC/USD) cryptocurrency price is attempting to bounce up from a yearly trendline support zone price of $16000. Bullish scenario: Price could continue to rise and breakout through resistances above. Resistance targets above would be $25000, $32000, $40000, etc. A true breakout would need price to close above $25000 and continue a sustained uptrend...
The SPX (S&P500 Index) price is attempting to breakout above $4000, as earning season kicks off on 1/17/2023. Bullish scenario: Inverse Head-and-Shoulder price pattern breaks out above $4000 resistance neckline zone. Resistance targets would then be $4085, $4300, $4600. Bearish scenario: Double-top price pattern rejects price and drops back down to $3900,...
Bitcoin (BTC/USD) has temporarily found a Support zone price level above $18,000. If price can hold above the $18,000 for a significant period of time (e.g. weeks and months), then a bull rally reversal could possibly occur. However, if support is broken to the downside, price could continue a price downtrend. Support zone price levels: $18000, $17000, $16000,...
SPY (S&P500 ETF) is nearing a price Support Zone before corporate earnings season begins. If Q3 earnings are positive, a bull rally reversal could possibly occur (e.g. June to July 2022 price action). If Q3 earnings are negative, support levels will breakdown and a price downtrend could continue (e.g. March to April 2022 price action). Support Zone price...
DOGE/usdt (Dogecoin) is forming a symmetrical triangle price pattern on the 15-minute time frame. Price volatility & measured move could be about + or - 5%. Resistance targets are: $0.87, $0.88, $.90. Support targets are: $0.85, $0.84, $0.82.