NickMacdad

NickMacdad

APT looks as though it's madse its top with a H&S pattern forming. Can't imagine there earnings will be that good and with their recent capital raising at ATH's and founders selling shares, think its a sign the top is in on this stonk.

NickMacdad

ETH looking to break the long term downtrend for the 3rd time in 2 months. Will it be lucky this 3rd time? I think it might be, things are getting pretty tight with the two trend. Entry: looking for ETH to break $253 and hold, need to also keep eye on what the SPX is doing and bitcoin could see a short squeeze. Looking to see a break and run to around $300 for a...

NickMacdad

ENJ looking ready to pop along with a lot of other ALTS for its second wave up. Entry: break of ST downtrend and retest Opposing view: Weary of what bitcoin is doing as well as the SPY ( strong correlation between the two), if we see a big down movement could see ENJ and other ALTs follow suit.

NickMacdad

ZIL setting up a perfect continuation pattern- bullish bias Great confluences on the many ALTS seeing nice gains, trend line, previous resistance and 0.5 fib. Entry conditions: Break of ST downtrend to 0.028-0.0212 & retest. Opposing view: ST downtrend could win out here and we could see a break of the trend and support at 0.018 range, signalling further pullback...

NickMacdad

Gold undergoing the ABC corrective waves after completing its 5 waves. Playing off the idea that when stock markets show large losses gold tends to have show short term decline as investors sell off their gold for cash to close margins. Trade plan is too long the B wave to around a 60% rebound of wave 5, and then to short C wave down with a tight stop loss, in...

NickMacdad

Update on my last idea on XBT, was wrong with the neckline level being 10500, but after seeing a 12345 elliot wave with extension on the wave 3 leg, are we now seeing the ABC wave correction? indicators suggest so ,with the 50% fib, wave C's 1.6x the length of wave A and the right shoulder of the larger inverse H&S (posted about previously) all pointing to a buy...

NickMacdad

$TTT over the last week has had a bit of good news signing an agreement with french aerospace company Thales for creating equipment for Australian ADF soilders and The recent creation of an Australian Space Agency.

NickMacdad

Are we about to see a major correction from the overall bull run since mid december 2019? We could see a pull back to somewhere around the 50 - 62.5% fib @ 8300-7800 range. Only time will tell, the first sign will be the break of the trend at around 9400

NickMacdad

NZDUSD creating a textbook inverse head & shoulders with what's to look like a close above the bearish trend line & then hoping to see a break from the neckline. - Waiting for the break then retest at around 0.6334 - TP 0.644

NickMacdad

BTC coming up to decision time. Hovering around the strong daily support while also respecting the daily trend line since the start of the bull run. Setting up for two possible scenarios to play out. Personal views are: - 70% Bullish- personally believe we are on the 5th wave that will break us through the heavy resistance in the 13k region, this last pullback...

NickMacdad

XBT just underwent its first pullback to the 38.2 fib sequence, looking to buy between 10960-10760 for the continuation of the Elliot waves which will hopefully break through the 1day strong resistance at $11450, if it doesn't then we will be looking at a short position possible with the formation of a double top.

NickMacdad

ETHU19 contract on an upward trend after bouncing off support. Coming to a squeeze between the upward trend and resistance. Looking for a break out to the old support. Bitcoin also showing bearish sentiment and also looks it'll be coming to a decision soon, which could give it the push it needs to break the resistance if it breaks down.