As I was doing some restructuring of my previous lines on the chart i came across a slight switch up of future direction in the medium term. Based on my time adjusting my BTC chart i have been pushed slightly more to the bullish side based on both technicals and fundamentals which have arisen, and are slowly shifting the narrative over the markets. My reasoning...
Symbol: AMEX:SPY Indicators Lag RSI My Opinion: Bullish Comments: I thought we were going to be heading down after last weeks sell off but looks like SPY has a lot of bullishness behind it and may be printing more green this week. If the trend stays bullish we may be testing the middle channel trendline.
Watching the gap at 3.50 I have a feeler position on (just my style) 2M float.....OBV don't lie so I'm rocking with the feeler position with a limit around $3.50 as well (full size with a bracket SL) Be careful.
Symbol: NASDAQ:TRCH Indicators Lag RSI My Opinion: Bullish Comments: Torchlight is trading high volume afterhours and may continue higher. Here is technical analysis for TRCH
IWM looks like it's just receiving sympathy from the market rally. More pain on the downside, need to capture above resistance to give the russell more confidence to move higher.
BTCUSD update on the short-medium term Please consider your analysis and risk management This is not a financial advice
Low float mania continues with today's highest flyer $VINO that I had published an idea on at the start of June see that idea here: Cuentas Inc Uplisted to nasdaq on February 4th 2021 with a $12M public offering and a 2/5 split on 2/21/21 4.85M float (smaller than vino) On Balance Volume showing big stepper's footprint being left behind. I I am long at $2.30...
-broken and retested trend line -broken lower time frame structure and retested resistance -london session price action showing us a clear down side fall sloppy market condition so be sharp minded and manage risk
Daily chart...kicking baby bullish candle. Been range bound for 150ish trading days with no clear breakout or breakdown. Be real, if you saw this on a 1 minute chart with momentum building you'd buy this breakout no? Bullish as hell until otherwise.
OBV showing a wide discrepency vs spot. I am long here looking for a move possibly to .70s in the short term. Stop below the daily range its been in. Size appropriately.
Still long at 1.66 no sweat. Bounce off 1.57 little volume pocket. Target is still low $2 range.
Heavy accumulation in this range...OBV looks ready to breakout. Target #1 - $5.00 - $5.09 Target #2 - $5.50
The Pound derived strength at the expense of its US counterpart, albeit with extra impetus from strong oil prices, Nationwide hpi and hawkish rhetoric via BoE’s Ramsden in the Guardian, though Cable came up against a barrier around 1.4250 and lost grip of the 1.4200 handle even before a downgrade to the final manufacturing PMI. From here we are looking for a short...
BFLY Current Price $11.75 Price Target $20 Innovative tech has been killed since February but the core difference between most innovative tech and BFLY is BFLY is a profitable company only trading at 5xPE. This is very cheap when you consider the S&P is trading at 20 PE (which means BFLY is trading four times cheaper than the market). BFLY has created a handheld...
Dogecoin, To the moon. as you can see, the risk level has slimmed out here to the point it is an easy buy. start dollar cost averaging in.
AMEX:XLU We are closing above the volume weighted moving average. More upside to come.
I personally for now don't see any value in BTC, but based on technicals, this can easily happen. Let's see whether it will drop to entry and from then onwards. Criteria: 1. Retest of previous support 2. Re-tracement and building momentum 3. Musk selling btc can lead to this 4. China declining to accept BTC can lead to this 5. Major upside, if updated (which may...
Reading price action, we can see that we are in a uptrend meaning we should be looking for long-term buying opportunities. Price has recently broken resistance and is testing as new support. If price closes with the current rejection candle, we can anticipate price to push higher. However, if we break support and the trend line, we will have to reevaluate price...