ILikeToFomo

ILikeToFomo

Let's take a look at the long term logarithmic scale to view the long term trend of the S&P 500. We have completely broken past the monthly support and broke the .382 fib support level. Having analyzed the daily RSI we could be looking to form a bullish divergence that could lead us to a miniature relief rally to retest our old support and confirm it as...

ILikeToFomo

A close above 2600 for the day will take the markets to a relief rally in the short term. Be warned as this could be the bottom or a potential head and shoulders bearish pattern, if we get rejected at the resistance level highlighted above. We still held our long term support of the uptrend but with our current global economic fears we could potentially end in one...

ILikeToFomo

After further analyzing the trend the S&P 500 continues to find support on this uptrend channel as well as the RSI on the Daily time frame. This leads me to believe that the S&P 500 is going to continue to rally higher. Next Target for me is 2992. This of course is negated if the upwards supporting trend line is broken on both the RSI and the price. Eventually we...

ILikeToFomo

The S&P has finally retraced back to the all-time highs! However, there are quite a few Bearish divergences forming in the chart which leads me to believe a larger correction is coming. This possible correction may lead to a potential inverse head and shoulder pattern which in return is Bullish for the macro trend. If we were to retrace back down to the.618 fib...

ILikeToFomo

I have waited patiently for the US dollar to reach the top of the channel and now we are at that moment. If we get a succesful breakout, the first target should be $100. If we fail to rally further then look for 97.60 as an area for support for a continued bullish momentum. A break below 97.60 is considered bearish and further downside could continue. If you like...

ILikeToFomo Updated 

Whats up ladies and gentlemen! Back with an over due crypto analysis on bitcoin. A lot of you guys are probably super pumped ;) no pun intended lol But anyways looking at this super candle we got in the market we can see that despite BTC being over bought on most time frames except for the weekly and monthly, BTC continues to go higher breaking resistance after...

ILikeToFomo

Update on the S&P after calling for a reversal at the 200 Weekly Moving Average back in December. Now the S&P 500 has exceeded my expectations and broke above prior resistances pretty easily. For the bullish scenario, I would like to see the S&P 500 to maintain support above 2700 and consolidate sideways to then breakout to retest the 2800 level. Any break below...

ILikeToFomo

Hey guys as we can see here BTC is forming a head and shoulders pattern. This will be confirmed after we fail to breakout past the $6800 level. We will then look to retest the neckline which is our bottom and go from there. If BTC breaks past $6800 then the pattern is negated as we will look to rally higher but if I was a betting man I'd say we retest the neckline...

ILikeToFomo

So far BTC has been following my pattern from my previous post to a tee. Right now we got rejected at 7600 which is where the white downward long term trendline is. Now expect a pullback to the first major support line of 6800. If 6800 holds up and we breakout on the next attempt ladies and gentleman the bull run will commence. If we get rejected again we will...

ILikeToFomo

The critical 6500-6400 support failed to hold. So now 6400 is the resistance. BTC from a longer time frame looks like a falling wedge pattern and my bottom would be 4500-4000 btc before we form a new uptrend. We will have swing opportunities along the way but there is no breakout past 10k for a while. Expecting current BTC to find support around 6100-5950 then...

ILikeToFomo

Previous trend lines were all broken but it seems BTC is following the triple bottom pattern. If we can sustain support above 6600 and have the next daily candle close as a reversal candle expect the trend to reverse towards the upside. This is not Financial advice just my Opinion.

ILikeToFomo

ETH looking to be more stable than BTC in the upcoming 2 months. Mid term target will be 980-1000 ETH. Facing heavy resistance ahead and will take some time for the market to breakout. Once we do we will witness another crypto boom just like we had early April. This is based on TA and FA news. People who throw in 3k btc as their target are not considering any FA...

ILikeToFomo

After retracing to the 61.8 FIB BTC seems to hAve bottomed out here and is currently trying to break out of the downtrend facing heavy resistance up ahead at 8500. 1 more correction or dip is needed and best to buy these dips as we look towards breaking out of 8500 soon. If 8300 support fails to hold we will look towards 8150 possibly 8000 support zone to buy...

ILikeToFomo

As much as I would love to be bullish on BTC I cant deny the fact that we are in a current down trend and a further correction seems very likely with bottom support at 7600-7800 before we rally again. Too much resistance up ahead and we just dont have enough volume yet to break through. My next midterm target is 10,350-10,500 but we got stopped out at 9850 at this...

ILikeToFomo Updated 

Get ready to buy go LONG! Not investment advice just MY OPINION :) please follow for more thanks.

ILikeToFomo

LTC is headed back to the 110-115 support as both RSI and MACD on the 1 day are extremely bearish. If failure to hold next support is at 76-80 but considering 110-115 has been proven to hold all year round buying ltc at that price is very appealing. But thats just MY OPINION and NOT financial advice :)

ILikeToFomo Updated 

ETh heading towards the minor support and if that fails to hold the major support is a must buy. The SEC will make an announcement whether or not ETH is a security or not. This should have an effect on the price over the short term. Once its cleared up expect things to be normal. Best thing to do now is wait for consolidation and buy these dips. This is NOT...

ILikeToFomo Updated 

BTC looking to breakout all indicators are bullish first target is 9700 then second target is 10,500. Minor support at 9100 and major support at 8750. This is not a financial advice nor a signal to buy or sell just my opinion. If you agree please give a like and follow many more TA to come :)