BTC price action is just weakening and looks like we will head to around 5K to fill bids before the moon mission. Into 2021 and 2022.
With most of China on lock down due to the corona virus there is no way that NIO could be profitable at this point in time. $TSLA reported strong earnings and people are looking to buy $NIO due $TSLA being strong for EV as a whole. However, NIO is unable to transport vehicle due to road blockages, employees are stuck at home, they have a $100 million bond...
Bitcoin has yet to hold above bullish supply zone and is expanding in a broadening range. Notice another wick to he bottom of this range would indicate a loss of support in that 8460-8480 area would most likely incur further downside. Given that there have been large wicks down to the downside followed by wicks to the upside I would assume shorts are being filled...
If Bitcoin can manage to close the monthly strong, it leaves the argument of a new bull cycle. As you can see Bitcoin has only remained and closed over the Black MA in a bull market.
I believe that Bitcoin has closed on a very bullish on a HTF weekly candle. As you can see in the chart closing above both the MA indicators has only occured in bullish cycles except for a few weeks in 2016. Therefore, I believe that as long as Bitcoin can close above 8250 on a weekly time frame the bottom is in and we are do for another bullish markup throughout...
I like what I see with XAU/USD. Nice bounce off support from the $1550 area and expect further continuation into the $1600 area. Simple 2:1 risk reward ratio. Also confirmation with the MA bullish cross.
Just below the $4 resistance Aurora Cannabis could be a great buy considering it is one of the top stocks in the Cannabis industry. With a steep correction in the past couple years and talks of domestic legalization in the US I think this could be a very strong long term buy. NYSE:ACB
I think with this $MATIC pump, money will also be put into $CELR. Looking for a scalp play here. Tight SL, last thing I want is a dump while I sleep.