Retrace down before pop up to next level seems probable. Nice little scalp or entry. 6400 will be a big point. Could see rejection to a continuation of downtrend. Or could gain it and stay on course with the 6900-7100 target.
Previous 2 calls have been spot on. New targets here. Dont believe the "new lows" hype just yet. We gotta get the 5970 level out of the way. And at the current way trend/price is playing out, im not sure new lows are in store for quite a bit.
Amazon went from 5 bucks to 115 nonstop during the dotcom bubble. 2000%+ uninterrupted growth. It collapsed back down to 5 bucks during the crash. Since recovering, Amazon has gone from 100 bucks to 2000 nonstop the past 8 years. 2000%+ uninterrupted growth. Losing these weekly levels below would be baaaad. Could stop at any of those levels below but theres...
My AMD calls have been monstrous for the past couple months so keeping the streak alive. Long and short scenario. Either could happen. The levels themselves are best places to enter/exit. But the zones around the groupings of colored levels are also acceptable. We could hit the green zone, and pop to the orange zone. If we go below red line at green zone,...
Now that my last chart played out ( ) Im looking for one of these outcomes to play out. 6040 will likely have some strength that people dont realize.
Updating with more corroborating evidence. This level shows up untested on the daily AND the weekly. It also corresponds perfectly with the 4 month uptrend line. The 5970 level is for bitmex. Level occurs on other exchanges at 6000. This is the last untested level remaining before new lows.
1W, 1D, 4h untested levels above and below. This is just for quick reference later to spot levels around current price action to play off of. Each of these should be a place to set up a trade and expect a bounce off of.
1W, 1D, 4h untested levels above and below. This is just for quick reference later to spot levels around current price action to play off of. Each of these should be a place to set up a trade and expect a bounce off of.
1W, 1D, 4h untested levels above and below. This is just for quick reference later to spot levels around current price action to play off of. Each of these should be a place to set up a trade and expect a bounce off of.
Update to my last chart, when price breaks down, maybe not new lows like I said. This should be a powerful level. BTC Failed to lose support on the 12h timeframe back in August. High timeframe. Present and untested on all exchanges. The actual XBT contract chart is slightly off and this level occurs at 5970. So if on Bitmex play it at 5970 most likely. The...
A lot of shit is lining up. Lets see if it blows up. Too many people think 4900 is gonna happen now. BTC doesnt do what everyone thinks will happen.
Tech sector just a liiiiiiiitle overextended
Described in the chart.
Might have found a bottom. If we did could really run off these levels. Long at green levels. This is pretty volatile so might be better to have tight stops below the levels marked. Point of invalidation is a good 60+ points, too risky on these upper levels. Targets could be 7450ish, 7600ish, potentially ATH. If we keep losing more levels then this could get...
Opposed to the long situation I posted, if we reject above could see something like this play out. Either way it plays out targeting 6040 as a strong long spot. Keep in mind this is kind of pointless to predict something this specifically. It totally depends how it reacts to many of the levels within this range but these are major ones that stick out to me and...