After today's expiration day action i have found some interesting data that resembles Facebook action: === Facebook: +12% on expiration day:=== 123bars / 180days after IPO 2 ERs - After action: 1st down/2nd up -65% from 52w price (IPO price) +18% from the previous low ----- +45% from expiration day until next earnings === GoPro: +12% up on expiration day:...
about to form a dubble top - neckline is also 50% fib which could hold, but if not this correction ends
I was encouraged to look at shorter time frames - including the 4-hour - to see trends in the Bitcoin. It is a good practice and I generally do look at time frames down to about the 30-minute. As you can see by looking at the 4-hour Keltner Channels the top of the channels is around $506.45, so you may not want to get too excited by the recent price movement...
Bitcoin is in process of moving lower. You can see this pretty clearly and simply by looking at the 50 Day SMA, 100 Day SMA and Keltner Channels. Essentially this is an action-reaction process. Looking at the March-April time period the Bitcoin price fell below the Keltner Channels (most or all of one candle body) for 17 days. During May and June the Bitcoin...
The chart shows the Dow Index and its 50-day Moving Average since 1915. I have encased the Secular Bears that occurred in the period in amber boxes and used purple boxes to highlight corrections that have happened when the share price moved sharply above the Moving Average. Perhaps the recent Secular Bear ended in 2008 and we are now in a Secular Bull Market. Even...
The price is good with a chance of a 10 $ profit over the next few months