The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46...
BestBuy has been consolidating since the beginning of July. Earnings are due tomorrow before the opening, and our IV% is at 56%, so I am looking for a play here to collect a credit. Historically looking at BBY we can see usually see a slightly bullish move after earnings (EPS, which is usually beating estimates). Because of this, and being at the top of this...
Short MSFT 45.5 weekly puts on a near test of the 45.5 level. After testing that line twice, it has failed to breakout again today. MACD is flattening out, stochastics are heavily overbought and price action is near the top of the Bollinger bands. Option IV also very low, near 13%
I was encouraged to look at shorter time frames - including the 4-hour - to see trends in the Bitcoin. It is a good practice and I generally do look at time frames down to about the 30-minute. As you can see by looking at the 4-hour Keltner Channels the top of the channels is around $506.45, so you may not want to get too excited by the recent price movement...
Bitcoin continues its technical breakdown. On the 1-day chart the 50-day EMA has crossed below the 100-day EMA. You'll also notice Bitcoin price has dropped far below the 200-day EMA as well. In addition, Bitcoin has fallen below the Keltner Channels, which is something I had mentioned as a possibility in the past. On Balance Volume (OBV) is at an extremely low...
There isn't much to say here except, as the weekly Bitcoin price moves toward the bottom of the weekly Keltner Channels, the price looks poised to move under $500
At this point the Bitcoin price has made a decent recovery from past couple of days where price dropped to the mid-$550's. However, looking at the chart the Bitcoin price and volume trends from June are still down. While the price in relation to the Keltner Channels and moving averages did not behave as I thought, I believe they will still exert influence on the...
This is a simple chart looking at volatility over the history of bitcoin. The first thing to notice is that we are nearing the all time low for volatility according to the bollinger bands. This suggests that we are on the brink of a large move, but does not suggest what direction. Also interesting is that in between the last two bubbles volatility has peaked 3...
Idea is based on a combination of Elliot Wave theory, median line analysis and the use of Bollinger Bands. In addition Identification of support/resistance on the 7 close RSI has been carried out. The rationale behind this technical analysis is shown on the chart along with a specific target and stop loss. A close below this S/L will invalidate this idea. Please...
Idea is based on median line analysis, Bollingerbands are used to identify reversal signals and breakouts/breakdowns. The rationale behind this technical analysis is shown on the chart along with concrete targets and stop loss (a close above it invalidates the idea. Good luck guys. Appologies for the font size somehow it is way bigger than was shown on my screen!!!
Price is testing last weeks minimum, it seems to be a good point to open short-term long position, to catch the moment the price bounces back with a stop @1.352 and take around 1.363, although trailing might be better option for this time.
It seems the Head & Shoulders reversal has failed and we've just gone sideways instead. This is much more attractive on 1d candles, and looks like we're setting up for a breakout at some point here. News will need to force us through resistance on high volume and we will need to close above the trendline. StochRSI is bottoming out here as well which is perfect...
Close to bollinger bands after strong expansion up and a 1.7 point cycle(+-) has been developing for a year, which all put together points to a possible top soon. The target is in the 19.9-20 area.
Does somebody know a good future or turbo to go long on this idea?
Bollinger band sell signal / lack of band expansion / lack of volume confirmation of new all time highs is troubling. If this sell pans out, expect at least a test of midpoint (20 sma) fairly soon.
I can't make much of a case for either direction at the moment. But the StochRSI on the 2-Hour chart is showing that we are overbought at this point. MACD oscillators are close to the center line as well as the moving averages themselves. Bollinger Bands are showing some decreased volatility overall, but we're still looking volatile with this movement. Volume...
Overall most of the indicators point to the fact that we are not breaking the trend. There is SOME volume, but not volume the way we saw in the bubble. If anything it's volume that supports price stability around this range, however I think selling could be imminent. The same pattern of volatility has taken place all the way down the trend line in respect to the...