mrfrush24

mrfrush24

Hypothetical price action if past cycles play out in the future. Not financial advice.

mrfrush24

The 200 weekly SMA has held again in a bear market decline. The 2.618 fib circle held as support in this bear market same as it did in the 2014-15 bear market (capitulation candle wick in Jan 2015). A double bottom was put in around $3200 price level which was also the 200 weekly SMA. Strikingly similar to the previous bear market Bitcoin crashed through the 78.6...

mrfrush24

Wanted to share my perspective on the recent sell-ff and areas to watch for support bounces to the downside. No one can predict exactly where Bitcoin is going to go and if you hear someone say they do run far far away. I am simply putting together potential levels based on TA other traders are going to be watching as well which can create a "self-fulfilling"...

mrfrush24

Here are some fibonacci levels to keep in mind on this retrace move. Tons of negative news has killed the potential cup and handle that was forming and created a double-top around the 11,700 level. The 50% short-term retracement if the first key level because it is also structural support from past resistance around the 8870 level.

mrfrush24

Bitcoin is breaking the lower high and lower low channel to the upside on nice volume the past few days. This sideways movement (or consolidation) has been very healthy for the longer term. The channel break to the upside is also an early indication that we are moving into a trend.

mrfrush24

After the panic and bounce off 200 SMA, consolidation and sideways movement has taken place to create a nice healhy base for next leg up. We are breaking out of the lower high and lower low downtrend channel indicating a new trend may be developing.

mrfrush24

Support .40 Res .49 Middle BB .49 Heavy past support turned into resistance at .50 For long, watch for a break of .50 with higher than average volume.

mrfrush24

The $QQQ has been been the laggard of the major indices since May 2015. Head & Shoulders forming on the dailyas labeled. Bear flagged the uptrend line from February in mid-May 2016 then re-tested the same upward trend line only to be crushed by #Brexit Friday. But #Brexit isn't the only reason for the fall. I think investors are starting to finally wake up and...

mrfrush24

In 14.13 PT zone: 16-17 range with a SL @ 14.00

mrfrush24

Watch how it reacts to the bottom trend line made from the double bottom level at .40 The lower highs trend line is currently at .57

mrfrush24

Long bias with a tight stop in 14.50 range. Short-term top of the range 16.84 If 17.60 range breaks with volume could see a nice push from a fast sell-off from 20.80 range.

mrfrush24

We mentioned if .59 broke with above average volume that top of the range was .85 and that's exactly the scenario that played out. If positive news from conference is released and .85 breaks with heavy volume can run through the gap, top of the range to 1.85 One thing to note is the divergence of volume to the upside starting on Wednesday the 15th and a bounce of...

mrfrush24

$OCLS posted a solid ER in AH. Has found support at .96 which was a significant breakout range in the past. On w/l for momo tomorrow. bit.ly

mrfrush24

Rejected at 5.38 range which was a gap fill to the upside after the overall equity market reversal today. Still see upside in gold mining companies for the next 3-6 months.

mrfrush24

Higher lows and lower highs over the past few weeks has brought $CRDS to a crossroad. Bull or bear flag. No position.

mrfrush24

$NVCN was on our radar as it came down to test the bottom of the channel at .39 Closed above top of range 1 above .50 Top of next range for breakout is .57 Gap fill to .85 and gap fill to 1.80 range

mrfrush24

One of the most fundamentally sound solar companies out there. With a 5.76 Forward PE .51 PEG .3 P/S 2.39 P/C looking to initiate 1/2 position now. If flush to 12 range I'll add.

mrfrush24

$XGTI has been a roller coaster over the last few weeks. The day of ER it had the highest volume in the history of the stock soaring over 100% intraday to a high of .29 breaking significant downtrend lines since last year. It then broke major support at .15 and after a pop pre-market today 6/15 is sitting on this support area. Higher lows but lower highs since ER....