The inverse H&S pattern is now almost complete on thr 4h chart for Bitcoin. Congrats to all those who spotted this figure forming right at the head. It was not so easy to spot in advance. The entire H&S is not exactly harmonic. I plotted the target price for the exit of the H&S although I honestly don't think we will complete the entire figure by the books....
Bitcoin just broke the bear trend and is currently increasing in value. Volumes seems to support such a breakout with trend reversion. If we check moving averages too we can see that the 50-200EMA are crossing once again signalling a trend reversal from bear to bull. I know, the cross is not completely defined and assuming a long position is risky. I think a...
The reverse H&S pattern finally came true. But things are not coming along "by the books" since I think there will be no trend reversal. The completion of the H&S brought us slightly outside the bearish channel that BTC was following (yellow circle). Even if this could signal a breakout in my opinion it is not! Volumes are not supporting such a breakout being...
After months characterized by euphoria SPX is finally losing value and retracing. It is still trading above the 200MA hence showing some sort of a bull trend. This is just the beginning of a downturn, anyway. My take is the index will retrace below the 200MA. Everything grew too much, it was time for markets to correct.
TSLA is still in a bull channel with a resistance level at 365. On the fundamental point of view, the company is not worth that much. Market is likely pricing a vision.
A bull Gartley formed on the 4h chart for BTC. It formed right at the support level of 7.520$. It is quite possible to see a short term retracement till the 8-9k area. Be aware it will be short lived! Overall picture still bearish. Levels to monitor for further pullbacks are: - 7500 - 5300 - 3400
The cross BTCUSD is still in a bear channel headed once again for 1st and 2nd support area. As a further signal of the market being bear you can see how prices are trading lower than both 50 and 200 EMA. The market is currently on wave 3 with a possible pullback to 9,5-10k area before hitting the second support at around 5,5k. Overall I don't think anything...
Ethereum shows a pretty strong bear behaviour in the 1h chart. Trading below both 50 and 200 EMA and below the Parabolic SAR indicator confirms the heading. I think an initial support may be identified around 848$ and the following one at 773$. 1h Stochastic RSI shows oversold pattern while the 4h one is overbough. (indicator not shown due to constraint in...
Have you ever read the story about the fox, the wolf and the moon? It was written by La Fontaine. To sum things up, the wolf wanted to reach the moon but an optical illusion made him chase it down a well...where he drawned. This tale is both simple to understand and actual since people are still trying to chase a "moon" that could definitely hurt them. Aside...
BTC losing strenght and currenctly in a bear channel. MACD shows bear tendency as well.
BTC fall is not over yet! Been saying that since a few. We are currenctly in a sideway movement in which the cross is hardly hitting the extremes (around 11k and 9.9k). The cross is due for another huge correction nonetheless. It will take the BTC to hit 8k at least, maybe even less. Remember that on Jan 26th, CME Futures will expire. That could help to drive...
$BTC fall is not over yet in my opinion. The cross will likely turn bull temporarily to let the market brethe but will soon revert into the third wave and the cross could lose another 20% or more till it reaches its next support level around 8000$. From there, even if it is too early for a "prediction", seems like the market could return bull since the chart...
$BTCUSD definitely in a panic selling setup. Prices trading below the 50 days MA. The cross broke the support at 11k and is falling down at a consistent rate. Next support 7957$, the price of the end of Nov 2017.
Seems like things didn't move as I expected in the last post (see related ideas). BTC went into a correction mode and broke the 1st support (dotted line) headed in a freefall for the seocond one (red line). Overall picture is still bull in my opinion (see earlier analysis).
Seems like the news on chip vulnerability didn't cause too much trouble to the company's stock. Price went down as anticipated in a previous analysis (see related ideas) but the price pretty much held the first support (dotted line) traced on the previous analysis. Long-term Moving Averages results bearish although MACD is bullish with reducing volumes. My...
Daily chart for TSLA shows an uptrend with a dynamic support (red line). Long-term Moving Averages (20,50) and short-term MA (12,26) shows a bull trend too.
I keep updating my initial idea on BTCUSD . Started with a bearish Gartley (on the daily graph) that took the price of the Bitcoin down. At that point I setted two supports. A "dotted line" that was most likely to occurr and a more stable and extreme occurrence, the red line support. See my related idea for that one. As of now, in the 4h chart, the cross held...
The daily market for BTCUSD , after forming the bearish Gartley I reported in a previous chart, is correcting. If the figure completes "by the book", the target price should be around 11000$. It is indeed unlikely to reach that level given the volatility and the tumultuous market so I traced that level as a strong support. It seems more likely that the drop...