As Bart would say, yo, what's up dudes? So, like, if you're checkin' out the AAPL stock right now, it's lookin' pretty gnarly. It seems like it's gonna go down more, but the real question is if we're gonna hit the top of the channel or not. Personally, I think we're gonna hit the median of the channel and then bounce from there. But, you know, you gotta be super...
I have been absent from this coin for quite some time. Recently, I have entered the basket. I have seen a number of you Posting a codswallop of information, stating that this coin may return to the .035 threshold. As you can observe, we have a promising future here shortly. While indeed bitcoin has been dodgy, we were able to make a few quit this week nonetheless....
CMG has had a helluva run, but I am of the opinion that it is reaching the top of it's 3rd Wave up, sitting right at the 1.618 fib extension of Wave 1. Also very near current channel resistance trend line, which adds to the short idea. Personally I look for the pullback to drag CMG back down to the low 600's, around 615-620 area most likely. Crazy as it may sound...
As you can see from the chart, the entirety of the move from above 1200 (I would even argue above 800) was absurd. The new trend is, and continues to be DOWN.
I expect it will continue down until at least 1000.
It will be re-evaluate there to see if it will remain in the decade-long positive trend, or if it will be more in line with the 20 year trend (target...
The market has turned and this is the first test of a major league support line going back to 2009. If this breaks today there may be some painful days ahead for bulls.
While there has been some bullish sentiment regarding the 50ma crossing up above the 100ma on the daily chart this past week, on the weekly chart we see the 50 crossing setting up to cross downward over the 100.
The last time this happened was 6/23/08.
The saving grace of this chart is that it seems the price has moved up above the bearish channel it was...
