Idea 1 Inverted Head and Shoulders breaks up and fully retraces the dump invalidating the downtrend movement showing strength. Idea 2 Inverted Head and Shoulders breaks down continuing downward pressure and finding support ~3800+ and continues uptrend. Idea 3 Inverted Head and Shoulders breaks down continuing downward pressure, finds support ~3800 and...
Again Higher High in Price and Lower High in MFI Clear Sign of at least a Pullback or Reversal to Lower Red, StochRSI is Overbought and Price is at Important Cross of Two Significant Lines.
There is nothing but weakness indicated on all charts. This breakdown occurred on the daily chart a couple of weeks ago and has now affected the weekly chart. I don't provide free commentary about the daily chart activity. There is some support at $430 but for the most part a retrace to the $338 line is highly probable. The reason is purely technical. ...
Either Bitcoin is about to soar, or stocks are about to drop, or both.
I think if we look at higher lows since october 2015 we can clearly see slow and steady rise in bitcoins value. Market is very calm those days but overall prediction is long. I think at January 2016 we can expect price 480-500 according to this steady appreciation. If you are interested in buying bitcoin, you can do it for sure on bitstamp.net or at eToro ( ...
The attempted trend break a few weeks back was premature as the blue dotted resistance line I drew almost 9 months ago (see my July 2015 commentary) proved to be too strong. Since it emanates from the $1200 peak of the BTC price history over two years ago, even I was surprised at the strength of resistance. The coarse correction is the new dotted red line...
In SHORT TERM inside the REVERSE HEAD & SHOULDERS PATTERN seems to be a CUP & HANDLE PATTERN with target to $600. Inside the CUP & HANDLE PATTERN seems to be an ASCENDING TRIANGLE PATTERN (Continuation Pattern) Come on gimme MOAAAR........... REVERSE H&S PATTERN Targets $550 – 750 – 900 -- 1050. Currently Trading range $400 – 450 - YUAN DEVALUATION &...