kickflip360

kickflip360

Bitcoin blasts through all major resistance points and I now see a much higher probability that the low has been set. Amazing stuff, you cannot predict this thing and I love it! Just thought I'd share this idea of the current price compared to the major move which signaled the end of the bear Market in 2015. You can see that currently we have made a similar move...

kickflip360

Short at the break of the neckline. Set tight stop Loss at around 10.74 once we see a clear breakdown. Take some profit between 9.30 - 9.10, sell rest at H&S target around 8.30.

kickflip360 Updated 

I believe Bitcoin has topped from this move, you can clearly see we have reversed of the daily 9 (as pointed out by Tone Vays, through who I discovered this indicator from), and the RSI has given us clear divergence. My only reservation from going Short right now is the spread between Long's and Short's (bottom Indicator, red line = Short's green line = Long's)....

kickflip360

Looking at the larger time frames, you can see that we have retested the 50 week MA multiple times during this bull run. What I would like to see for an ideal setup is a back test of the support line at around $13, which if timed right would coincide with the 50 week MA. MACD is still trending up, and the RSI is approaching a significant support zone. The current...

kickflip360 Updated 

The S&P ended on another strong week with a bullish hammer, continuing its reversal from the 200 week MA. My previous analysis anticipated this so it's positive to see some strength come back into the stock market. This comes as no surprise as we were very oversold on the daily RSI dipping below 20, which is similar to what we saw towards the end of October 2018....

kickflip360 Updated 

I have been a long term bull for the S&P, but I admit that I was overly optimistic in the market leading up to the latest decline. In hindsight it is clearer to see we were pretty overbought and the RSI shows massive divergence. As a result we have had a nearly 20% drop from ATH's as investors panic sold their positions. The question is, have we reached...

kickflip360 Updated 

I remain very bullish for the NASDAQ100, and expect to see continuation to the upside for the remainder of the year (or at least until next earnings season). However, we are currently on green weekly 9 which usually leads to a 1-4 candle correction. You can see that we have reached the upper Bollinger band, and the last time we did this on a weekly 9 was in June...

kickflip360 Updated 

I'm calling short on this one. US economy is strong, the Dollar will likely continue to rise in value. Various geopolitical reasons are weakening Europe. We've had a decent rally over the past few days, which I think will be short lived. Rejected hard off the upper Bollinger band, and hit a green 9 on the sequential indicator. The bulls must retain support above...

kickflip360 Updated 

Gonna be watching Netflix very closely over the next week to see what direction it wants to go. Since the start of 2018 this thing has over doubled and we look pretty over extended. This latest run from the lows of 311 could easily be a bull trap. I'm expecting a pullback in the Indices to start this week, or possibly next week. With that in mind, Netflix could...

kickflip360 Updated 

One way see the price of the Financial Sector performing over the next few weeks. A breakout out could easily jump to 29.79 without much overhead resistance. However, these Inverse H&S patterns like to back test breakout points as support so I could see a zigzag price movement the way up.

kickflip360 Updated 

Activision rebounded off the trendline and roughly the 200 day MA. This is as good of a signal you can get to go long in this game. Risk to Reward is very decent considering we could make it back up to ATH's. That's a 14% gain compared to a 3% loss if we fall through the trend. EA is in a similar position which I charted. However, the rebound is looking stronger...

kickflip360 Updated 

You can see Netflix has made a pretty strong bounce off its recent low of 311. This was expected as the RSI was pretty oversold, and the NASDAQ has been performing well over the past couple of days. The best scenario for the bulls is to push past 357.18 to make a higher high on the daily time-frame. But I'm not sure if it has enough steam left to do this right...

kickflip360 Updated 

This 2 year trend has rebounded the price 4 times previously, so by probability it could happen again. We're touching the 200 day MA which is one of my favorite points to buy if the stock is in a strong up trend. The gaming industry is only going to get stronger imo, there's always huge demand for it. Activation stock price is currently in a similar situation, so...

kickflip360 Updated 

Been a while since I did some TA for Bitcoin! My outlook remains bearish as it has done for the past 4 months. It seems clear that we are ready to breakdown from a Descending Triangle which I'm sure everyone sees. There's possibly a trade soon as the RSI looks almost oversold and I expect a small rally up soon. But Bitcoin -2.35% 0.30% looks pretty weak right now...

kickflip360 Updated 

We've seen a beautiful rally with Spotify recently confirming that the bulls want to push higher. RSI is overbought on the hourly time frame so I'm expecting a bit of a correction. From there we will anticipate a breakout to confirm the Cup&Handle Pattern. Volume curve is supportive of this pattern. Targets from this pattern reach 216, with profit taking along...

kickflip360 Updated 

The tech sector has had a pullback, mainly driven by Facebook and Netflix. Now looks like a good time to reload as we've just hit the 50 Day MA and the bottom of the yellow Channel. This also coincides with the support line taken form the high in March. Markets like to retest previous high's which is healthy. If we break support then I would be looking to stay...

kickflip360 Updated 

Declining volume indicates that this is a Bull Flag waiting for a breakout. We've hit the yellow dotted trend line and are hovering above the daily 50 Day MA so I expect a move pretty soon. RSI has cooled of and looks like it could be bottoming out. My only concern is that we haven't re-tested the previous high of 36.91 yet. So it's possible we fall down from this...

kickflip360 Updated 

Looking to trade a breakout from this continuation pattern, lets see if we can get it. Fundamentals are looking good with the Asda/Sainsbury merger, and we have recently broke out from years of sideways action. I think there's a possibility we can reach 2014 previous highs of around 427, depending on how well the stock market does in the coming months.