Gild had a nice pullback from its run up and I have purchased September calls. Targeting the 73.50 area. Proven wrong below 68.
Long some IBB calls at the 313 area. Expecting 320 area for the short term target where I will close half my position. Leave the other half to attempt a run up to 329 territory.
Ethereum looks to have broken in intermediate term down trend. I expect Ethereum to re-test the overhead resistance area of 307-331 which is the 50% retrace of the recent sell move from the 400s down to 200s. If this major sell zone can be breached it would indicate a target of at least $500 and could rock as high as $900-1000 based on FOMO targets. These targets...
Ethereum hit the half off the ATH price of $400 getting us as low $200. Buyers snapped up the cheap Ether and sellers appear to be exhausted since a short term fib 61.8% line was pierced to the upside. I expect a series higher highs and higher lows to start to form. Longer term I would expect targets of at least $500 with FOMO targets getting us as high as $900-$1000.
So Ethereum pulled back heavily along with Bitcoin. Assuming Bitcoin doesn't continue to struggle due to rumors of hard fork in August, Ethereum should continue to be able to build higher. I have marked my standard price targets as well as FOMO top price targets.
After breaking new highs we have pulled back. I have drawn a new buy zone. A 50% retrace from the HIGH of the first 50% pullback that supported in this trend. In a heavily trending market like this you frequently get highs-highs 50% retraces instead of the more traditional lows-to-highs 50% retraces. Daily timeframe target remains the $3200 area. FOMO top at...
Bitcoin appears to be having a stronger pullback that is actually showing up on the daily. I suspect we pullback into the 2000 region where there is buy zone based on a 50% retrace of parabolic move from prior all time high(ATH) to the most recent highs at 2800. Buy zone is right above some prior price structure that appears on the daily that should extra...
I am expecting Bitcoin to hit targets of at least 3200 area and likely going higher given its momentum typical FOMO tops
Ether has pulled back heavily along with COINBASE:BTCUSD and other Crypto currencies. So far sellers have barely pulled us down to the 160s area where there is prior market structure. Lots of buyers and sellers in this price area which should lead to price stability / support here. In addition this is a 50% retrace on a highs-to-highs basis which has traded...
Ethereum took a nice hefty correction after scorching higher all weekend. I expect support here in the 140-130 area which has both structure support and is 50% retrace of the high-to-highs move. The Fibonacci implies targets of at least $200. If we get a similar sized move as the last one we easily make it to $227 area. How long this takes is anybodies guess. I...
NYSE:SNAP is headed to 16.50. Retraced 50% of earnings gap down. Sellers coming in.
SNAP retraced 50% of their earnings downside gap. Sellers coming in here as expected. SNAP is way over valued. Not growing as investors anticipated and with FB / Instagram continuing to copy Snapchat features growth will be difficult.
870 area should be the top of a buy zone that has price targets at 1268 area - well above prior all time highs(ATH) marked is red. We'll have to see what happens. I am already heavily long. May decide to add more at these levels.
First buy zone in the 950 area would be for aggressive buyers. Would indicate buying momentum is still strong. New extension highs to highs and has not traded before. Second buy zone is less agressive and higher probability since it has traded to targets before already once. I am already heavily long and will not be adding to my position at either area.
Area to the far left is a price control area. Lots of buyers and sellers in that zone. If we approach from below it is likely to attract sellers. If we approach it from above, as we are now, it is likely to attract buyers. I think there is potential for us to bounce from where we are and head to 757 area and eventually to 778, or we could re-test 670 area which...
BTCUSD is between a buy are and sell area. If sellers get control we could breakdown to the 650 area. If buyers hold control we should break up to the 780 area. I am still long. Longer term trends are up. Momentum is up.
700-690 area is a buy zone. A fall below this area would signal a larger pullback. This buy zone has targets in the 765 area. Possible we will test the 800 area. Will just have to wait and see. Longer term view is that we will break to new highs. Especially if global macro trends continue to weaken.
Added to my long BTC position. Long since 250 area. Added at 640 area. Added again 685. I expect BTC to continue to run to all new highs and break the 1200 area.