ElPsyKongroo369

ElPsyKongroo369

There are many signs now in the mix that would make you think Bitcoin has finally found its top. But with the market like it is nothing is certain especially right now. But for those who would like to see the possibilities ahead in a bearish point of view here you go. Point 1: We are in a huge RISING WEDGE that has been broken down out of and finding resistance...

ElPsyKongroo369

Bullish Bat on Mustang still has room to run. Fibonacci targets .382 @ $3.70 and .618 @ $4.20 🤑 Good luck traders

ElPsyKongroo369

If you take a look at Vislink it has double bottom Adam and Eve style with the Eve bottom forming a cup with handle and we are currently trying to break out of the handle. $18 target and long term $130 target I think. Good luck traders

ElPsyKongroo369

Just playing with the charts here but it's very intriguing. BSV seems to be on a sort of repeat in its play outs. Alt coins are looking like they might start to make some big moves but if BSV plays out like it has in the past could be the biggest one. What do you think traders? Also Weekly MACD bullish crossover is a good sign. Edit: Maybe the triangle should be...

ElPsyKongroo369

LAC was in an Rising Wedge formation but broke out bullish and also broke a resistance level of $6.06. Also the RSI is in bullish territory and ADX points to a strong trend. Today we came down to backtest the breakout level. You could try to enter now but if you want to be more on the cautious side wait until the price rises back above the $6.60 level of the...

ElPsyKongroo369

I know a lot of people are bullish on this asset and might not want to see this but just giving a tip to what could possibly happen if this plays out. No guarantee this will happen though of course and I wish the best for every trader out there. First let me start by saying this trendline from 2018 has yet to be broken. We had a false break out on June 8th this...

ElPsyKongroo369

With gold prices on the rise and the planned listing on LSE Yamana is looking very bullish. Today we broke and closed above a major trend line going back from Feb. 2019. This is a good move signaling for the price to move even higher in the coming weeks. I have an old support area marked where its possible the price could get rejected at $7.25. Fingers crossed...

ElPsyKongroo369

Earnings were reported today and beat the estimates so keep that in mind. The technicals though look bearish IMO. We have hit a major trend line which so far hasn't been broken and looking at the size of the wick we hit a lot of selling pressure. Also we have created a Bearish Bat pattern which was completed when we touched the trend line. Would have been the...

ElPsyKongroo369

BTI has went into oversold conditions and created a potential Bullish Butterfly. Keep in mind it still has room to go lower to the 1.618 fib. But anywhere between the 1.272 and 1.618 is a good potential reversal area. Also right now as it stands the daily candle is a bullish hammer so looks good for now. 1st Target - $37.12 2nd Target - 37.98 3rd Target -...

ElPsyKongroo369 Updated 

TTI making nice bullish moves created a Three Rising Valleys formation. On Friday we tried to break out but couldn't close above the break out level of .7775. I would keep a close eye on this asset as its looking very bullish. Valley 3 created the abandoned baby candlesticks. Also on the 4hr chart we can see that the last candle went to find support and bounced...

ElPsyKongroo369

We have a bullish ascending triangle we are breaking out of now and will be confirmed if we close above $17.77. Also have a golden cross on the 50 and 200 EMA soon to be bullish crossover on the MACD. Measured move of the breakout should take us right to $20. Good luck traders.

ElPsyKongroo369

Looking at my old idea which is still in play, you can see legs B,C, & D form a kind of falling wedge. And we are about to break out one way or the other! I bought my call yesterday when the price was down around $83.40 good luck traders!

ElPsyKongroo369

Been checking out the charts on HAE and looks like we could be in a potential reversal area. From our low in March to our top in April we've reversed to the golden pocket between 61.8% and 78.2%. Now for the Bullish Bat just using the candle bodies to me seems the best because leg B hit the 50% Fib line pretty perfect and thats what you want. As you can see theres...

ElPsyKongroo369

Nokia has met nice resistance at $4.40 and now showing hidden bearish divergence on the weekly that if plays out could turn into Inverse H&S pattern. With the 1 trillion infrastructure bill being announced tomorrow we will see what happens. Could not play out but I think it will... the market doesn’t play fair for those taking positions at resistance for longs....

ElPsyKongroo369

Looking at bitcoin taking off the wicks or just ignoring the one wick to $9130 we have a head and shoulders pattern possible here. But the hidden bullish divergence is holding me back right now I’ll wait for a break of the neckline and maybe a retest of it for confirmation for right now unless something changes.

ElPsyKongroo369

Hey guys I bought some calls on XRX yesterday was trying to get this posted sooner but still good opportunity here. We have bullish divergence on the MACD and RSI also have formed a H&S pattern here neckline is around $18 hopefully we can break and close above that today to confirm this. My target is a Gap fill at $30.

ElPsyKongroo369

On the news side of things Fitbit has decided to start shifting it’s supply chain resources to make emergency ventilators designed to treat coronavirus patients. www.nationalheraldindia.com That’s what caught my eye to actually look at FIT. Upon looking at the charts I’ve found that FIT has also formed a Bullish Bat harmonic. There is also a nice gap that...