Even PYPL's ER beat, it possibly won't make it to the new high given the strong resistance around 44.5. During last earning report, PYPL jump-off from 40 to 44 and experienced sell-off till now. I have provided two possible paths for PYPL
NASDAQ:PYPL
It can bounce from the 78% (and this is the fib level for a cypher completion point), already with RSI divergence, but i need to believe the price will respect the structure first, then the harmonic, that said, i am waiting a deeper abc correction close to the structure and also an RSI below the lower band at 20's (oversold)
Safe Trades;
I just read that eBay is spinning off Paypal. One of my friends quickly sold off part of his stock... I told him, wait and see for the rest.
What are your thoughts?
It looks like an insider knew about this on the 10th. A bit too early to claim BABA sell off.
SEC? What's YOUR opinion?
PayPal news seems more likely to be a reason/excuse to pump rather than a catalyst to the temporary bullish momentum in the current bear market.
4 hours RSI today still shows an underlying weakness in the market with its inability to break out of the trend developed over several months since the fall from the 680 rally. We are also hitting an upper resistance...
Short area: 2852 CNY / $460
Completes the exact elliot wave I've been looking for ever since the slump from the 500s:
We are not done with the bear market yet, don't get converted to the bull camp!
Paypal has just announced that it will be integrating Bitcoin into the payment protocol with a bit more involvement then previously thought. Paypal's subsidiary Braintree was given the go ahead to announce it's involvement with Bitcoin just recently. The price has moved strongly in wake of the news and continues to move toward key resistance points on our...
![BTCCNY: The "Paypal rally" [LTC on gox]](https://s3.tradingview.com/t/tirVbX4X_mid.png "The \"Paypal rally\" [LTC on gox]")
