BTC is in its final stages of the 12 months decline. We expect a bottom between the time frame around November 25th and January 13th 2019. Usually the Fibonacci fan is left earlier and prices dont follow until the end of the time target (in this case January 13, 2019). We expect a higher low around January 13, 2019. After January 13, prices have according to...
Facebook (FB)- Broke long-term UpTrend (green) line on log daily chart, and is also captured below now a flat 200-day Moving Average. Both not evidence of a actual trend reversal, however one to watch closely.
STEEM/Bitcoin 12 Hour Bars, LOG Scale, 06/19/18, Written 3:35 p.m. EST, by Mike Mansfield
Hi trader friends, STEEM might get hot for a few days but don’t let if fool you. It should then cool off again for at least one to two more legs down before it can likely finish its larger Wave (C) decline. Price is more important than time, but even better when price & time...
YY is a Chinese company with a popular streaming platform. Below is the summary of their latest earnings report:
YY reported revenue of $518 million, beating analyst estimates for $487.8 million and up 43% in local currency. It reported adjusted earnings of $1.72 per share, beating Wall Street's view of $1.52
With social platforms, it is...
Recent spice was caused by the earnings report. However, facebook still remains very risk stock due to recent data scandal.
It is not a financial advice, everything you see in this chart is a personal opinion, should not be used as an offer to buy, hold or sell any security.
Twitter has been getting a lot of firm interest lately. With JP Morgan raising their price target and the CEO of Goldman Sachs tweeting a photo at twitter headquarters, many investors think more institutional money will be funneled into the stock. The rumors of firms acquiring more twitter shares have short sellers scaling back and because of this twitter has...
Short Term Channel: Cyan (solid line)
Long Term Channel: Blue (dashed line)
Fib Trend Line: Magenta (dashed line)
EMA55: Yellow (solid line)
Short Term Resistance Line: Green (dotted line)
Long Term Resistance Line: Gold (dotted line)
Lowest Point of Correction: 78.6% FIBONACCI RETRACEMENT = $2.63
Sell Target #1: $6.72
Sell Target #2:...
News of Blackstone Group L.P. and Fortress Investment Group LLC buying Social Capital Hedosophia Holdings Corp. is fairly bullish and new RSI support has been formed and will provide liftoff from the descending triangle IPOA.U has been living in since creation. There will be a good parabolic movement when we are able to escape.
Catalyst: News that the SPAC will...
Synereo AMP breaks out of descending triangle before news of software update. AMP has been in the dumps for a long time with strong sell pressure following a product launch. It reached all time lows, and now it looks like it's recovering. Risk/reward ration is very good, in my opinion. Synereo is a decent start-up company that's still working. If their product,...