SPresent21

SPresent21 Updated 

(45% probability) Bitcoin is following a path of slowly decreasing volatility which leads me to believe a top around 66,000 is likely (RED). (45% probabiity) However, the market environment is very bullish and that is also adding to bullishness in bitcoin (e.g. Musk/Tesla buying bitcoin) this leads me to also accept the possibility that a more bullish target...

SPresent21

ACB is now trading at an area of critical support. I am playing this area long however if it closes a 3day candle below the 200ema it would be in danger of entering a bear market cycle. The last several months have just been a long period consolidation and that trend is likely to continue. (Not financial advice)*

SPresent21

Just posting to display a couple interesting graphics together. Today the FED announced that there will be no rate hikes in 2019. I think it's interesting that the FED did something similar exactly a year before the 2007-2008 crash.

SPresent21

Entered a long after break-out. Watching for rejection at the supply zone just over 4200. If it breaks through this resistance final target will be around the 100 day EMA.

SPresent21

I already have a position in NIO but I will be watching for a breakout to the upside of this triangle to possibly add to my position.

SPresent21

Found support on the 200wSMA twice and the RSI is showing divergence after reaching all time lows.

SPresent21

Price action failed to break the downtrend after finding support on the 300dSMA. I'll be looking for a bounce on the longer term uptrend or a retest of the 300dSMA. Additionally, I'll be looking at the weekly RSI to reach and rebound of previous all time lows as seen below.

SPresent21

I've presented a cross comparison between the S&P 500, the 10-2 Treasury Yield Spread, and the FED Funds Rate. The yield curve has been effective at predicting recessions in the past. I think the next will be no different. There is a lot of fear at the present moment that we may be on the verge of a market crash. We have seen a large correction that is likely...

SPresent21

Due to the lack of volume I see this current set up as a rising wedge with a likely break down coming this week. The catalyst will probably come on Wednesday after midterm results are out. Regardless of the results I think at best this will continue sideways though the week, and at worst, another leg down.

SPresent21

There has been a lot of negative talk about Bitcoin lately, not unlike any of its previous bear cycles, so I thought I'd post this to spur some excitement over the potential future of this great technology. I strongly believe that Bitcoin has a very long term future for the following reasons: 1. Bitcoin is software and software is incredibly adaptable. Its only...

SPresent21

May have a measured move down as drawn. Look to buy at historical support points shown. I'm still fairly confident that when Bakkt launches it will become a popular trading vehicle for traders that have cashed out on their equities positions.

SPresent21

Lets se if this news gives us enough volume to turn this trend around. Possible bull flag breakout scenario for tomorrow.

SPresent21

With look of the RSI and this ascending wedge it looks like we're headed back down to support. Whether that holds or not will tell the future of this bull run.

SPresent21

TSLA looks like it may have found support on the 200 WMA. The bounce was accompanied by good volume and was near a support trend line. A strong bounce after a 9 count bottom is very bullish. I'm also going to be watching closely for the possibility of an inverse H&S confirmation.

SPresent21 Updated 

We got a strong bounce with good volume off a key trend support line on a 9 count candle. Looks very bullish.

SPresent21

Looks like a bullish flag. If we start to squeeze shorts there is definitely some upside potential. Keeping an eye on momentum indicators.

SPresent21

So far the uptrend off Bitcoins lows is still holding. Additionally, we have a small break out of a triangle that could signal strength for the bulls if it holds.

SPresent21

Continued RSI divergence and weakness into close looks bearish for tomorrow.