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CEMI Levels & Things To Consider NextCEMI made a heck of a run on 7/21 so I figured we should do a quick and dirty Fib Retracement. Using the most recent low as the anchor and the high from JUST before CEMI gapped down last June, the candles line up with some interesting levels. It looks like the 786 fib line has consistently held as major support before breaking down below it this last time around. One of the more consistent levels of resistance seems to have been around that 50 fib line. Whenever CEMI approached it or briefly tested it, it wasn't able to sustain price much longer if at all. Now that it has gone ap sh*t, there's a few things to keep in mind both technical and fundamental. First, technical, CEMI has broken firmly above the 50 fib so this would theoretically be a level to watch to confirm whether it becomes a new support or if it once again acts as resistance. Second, the next level, 236 fib, has only been a "major" resistance point 1 time, so whether that makes it "another level to watch" is to be seen but just in case, it could be another level to watch... Now, after this move, I'm sure everyone is hyped BUT don't forget what was filed just 2 days ago... " But…and there’s a but here…keep the company’s filings in mind. Big moves are great, but when companies raise capital, it can put a damper on things depending on the price that the money is raised at. A few days ago, the company filed for an at-the-market offering for up to $60 million. No pricing was disclosed in that 8-K filing . So no matter what analysts are saying, keep this in mind if CEMI is on your list of penny stocks to watch right now. " - Best Penny Stocks To Buy Now? Analysts See 85%-288% Upside In 3 You guessed it...an ATM offering for up to $60 mill. Aside from the technicals, it's important to keep this in mind because if there's an offering at a discount coming from this 8K, who knows what could happen in the market. But...live life one candle at a time I suppose. If CEMI is on your watch list these are all points to keep track of.
C
by PennyStocks101
$FANG - Diamondback Energy - Bull Flag & SEC Filings3/4/21 $FANG - Diamondback Energy - 9.16% Gainer Catalysts: Fundamentals (see details below 1,2): -Company buyout -Note buybacks -Land and asset purchase -Sector strong relative to market Technicals (see chart): -Bullish set up -Great momentum over recent months. Fundamentals con't.: -8K's filing stated that they company would be buying out QEP, another energy and natural gas company as well as buying back senior notes due from both companies. -Another 8K/A stated that the company "entered into a definitive purchase and sale agreement with Guidon Operating LLC to acquire approximately 32,500 net acres in the Northern Midland Basin and certain related oil and gas assets for $375 million in cash and 10.63 million shares of the Company’s common stock -I'm going to be taking a look at some of the top daily gainers (may throw in some losers occasionally) of the day on their daily charts and posting them here throughout March. This is not advice. Just analyzing price action and patterns. -I will try to vary the catalysts (analyst upgrades, earnings, clinical trial results, etc.) for the stock moving (if any) and the sector that the stocks are in. -You'll notice I try to keep my charts as simple as possible. Black background and no grid. I will be focusing solely on price action, patterns, and support and resistance levels. No moving averages, MACD, volume profiles, Bollinger bands, etc. Please feel free to comment or leave suggestions. I am always looking to improve. Thanks.
NASDAQ:FANGLong
by mgallagher1
📉 Bitcoin Heading Down? 👎 How far? Hey guys - After what seems like an eternity trading sideways (with a few minor swings up and down), at last, we think there may some news, good news if you're a trader too! Possibly not so good if you're Hodling! Looks like BTC may be heading down in the near future. We've been following a strong line of support all the way up from the lows at $4000 back in March, now our ascending triangle is nearing "pinch" point, so we should be trading in the same direction as the breakout, and we have broken out, it's downward. This may be a classic "fakeout", in which case the price can expected to rise, but as we all know you should never try to catch a falling knife! Our Crypto Tipster Strategy is showing a Short on BTC daily chart, and after getting chopped out of a few trades recently (which is unlike our Tipster!) it's now time to catch a big swing! As you can see from previous support and resistance levels there's quite a large area that could get filled sometime soon! Possible lows ranging from $8700 all the way down to $6500! This is a huuuge movement from where we currently are, there's been cries of "above $10k" for some time now, if that's the general sentiment it's clear the majority of traders would be Long right now - remember the most important rule of trading? Do what others don't do! We're Short, and think you should be too! Time will of course tell :) theCrypster
KRAKEN:BTCUSDShort
by theCrypster
3
Bitcoin movementNow my old short was meet with defeat, yet than the good old coronavirus hit and bitcoin gave me the middle figer and we hit our target. Will link it below, yet now I'm curious. r/Cryptocurrency is dead almost and everyone just wants to short bitcoin till 2k or even 1.5k. IMO I don't believe that. Now I entered a trade on bitcoin and litecoin on robinhood, yes I know and I just wanted to trade stocks with crypto and I just got the robinhood debit card so to me its fine. My litecoin trade lasted till NCLH hit my price target so I bought LTC on March 27 for 37.65 and sold today at 38.68 before buying nclh and putting the spare money into bitcoin. My average price on bitcoin was 6396.31 with atm being up 2.29%. Now I like being reasonable and I set a target of 8k, yet looking at my trendlines I circled an area at 8196-8564 before the halving. Now I'm about 40% postive we will hit there and 70% we are bullish. Now you can just look at the whole cryptospace on why they are bearish, yet I honestly stop watching r/Cryptocurrency due to the amount of shillers and junk that keept getting posted, yet now I'm bullish during this virus. So does the charts support my ideas -the MACD is over extended, yet could move up another 40 like before over extending the price action, which could hit 7k very soon. -RSI is overbought, but most the time BTC loves being overbought in a bull market sceniero. YES I know we are in a bear market, yet we can have bullish runs for awhile. -The emas have just crossed and we have broken above them, which shows bullish movement with the next ema looking to cross in a day or two. -Buy volume has picked up since march 30 this morning with china market down and US market sideways as oil drops and gold and silver droping slightly. I would be a buyer at any price, yet stop buying around 7200, which possible we wont hit that 8100 or 8500 range. Also to end this please stay safe out there. The virus may not kill, yet will decrese your lung functionality by 20-30% so you likely wont "recover" fast.
COINBASE:BTCUSDLong
by nathanielx9
BTC Reversal Or Death!COINBASE:BTCUSD BTC Scared the hell out of all of us last week but it looks like sunshine could be on the horizon. Development of a rising triangle during recovery 4H volume looks like its dropping towards something large 1H volume looks like we have one more "Shoulder of an incomplete Inverse H/S pattern" dip until this larger 4H move 3 Consecutive higher Lows with RSI trending higher in tandem A peak at the ZECUSD chart shows a quick move towards its 4H 50MA with a initial denial but still recovers higher then where we are now with the other alts and majors Zcash could be an interesting leader during times like this as LTC and ETH have done in the past. If BTC breaks the orange line and confirms a 4H + candle above the green, I'd say we are quickly returning to 8k in a hurry...
COINBASE:BTCUSDLong
by F0urL34f
BTCUSDT 8K SOON? Bears or Bulls?Hello everyone, I hope all of you have had a wonderful Tuesday so far. Today has been a bit slow on price action but don't get discouraged because we could be just setting up for our upwards move in the near future. BTC looks like it could be potentially forming a cup and handle on the 4hr chart. If BTC does play out as a C&H then I am anticipating that we will retrace to about .382 Fibonacci level. If .382 Fib level holds as support we could likely see our bounce to 8K from there. This scenario could give us a R:R potential of 9.04 This could be all we need to give us our little boost upwards. Lets see how this plays out! This is just one potential scenario I see happening. This is by no means financial advise, I am mearly posting these charts because I myself learn more and more everyday from creating and posting these charts and getting feedback from the community. thanks everyone :) -mk6dunc
Long
by mk6dunc
BTC carve your path ... to green pastures or blood bath?The two roads people ... the fork in the road. Always decisions in life. Left or right, on or off, go or no go, right or wrong, up or down? How do you decide when to buy or sell? Do you gamble, listen to others' guidance, or your own TA, identifying possibilities, key decision points and then execute a strategy for min loss/max gain, to improve chance of success? Let's talk about that latter point, specifically how to plot out the possibilities. READ EVERYTHING CAREFULLY TO END . Contact me if you have questions. On my chart, I am showing waves within waves. So I'm going to start with the bigger waves first, focus on these lines: > Bold BLUE - BULLISH SCENARIO - This assumes we had a running flat ABC correction from 20k to 6.425k, and then BTC entered an impulse wave up and it could be heading much higher now (11.7k??)! For those new to trading, an impulse wave UP is a powerful wave, consisting of 3 up portions and 2 down portions (5 waves in total, up-down-up-down-up). So from 6.425k to 9.99k would be wave 1, down to 8.2k would be wave 2 (possibly not complete yet though), and now could be wave 3 (normally the longest of the three up waves ... but sometimes wave 5 is even longer!). > Bold RED - BEARISH SCENARIO - I call this the Triangle Wave Theory. This assumes we are forming WAVE E of a triangle wave now that will take us down to maybe 6.8k or lower! Again for those learning to trade, a triangle wave consists of 5 waves A, B, C, D and E, and bounce up and down to form a sort of arrow head with the point on the right. Imagine the waves bouncing from the bottom of that arrow head to the top and back, getting shorter and shorter with wave. OK now, let's put on our magnifying glass and zoom in a bit. Those red and blue waves each are made up of smaller waves. They aren't straight lines. They are either made up of impulse waves (5 waves) or correction waves (3 waves) ... most of the time. There's 2 wave colors I would like you to focus on now ... solid purple and dashed dark yellow. > purple line basically shows how BTC could build the bigger blue wave. It assumes bitcoin has gone down from 9.99k in an ABC correction (see points A1, B1, C1 - note C1 end not confirmed yet!) to form wave 2 of the bigger blue wave. It assumes wave 2 may now be complete (not 100% confirmed though) and we are in an impulse wave up (5 waves) that will form wave 3 of the bigger blue wave ... exciting! > dark yellow line. OK so I've shown two variants of this. Let me start with the first variant. It assumes that blip on the purple to B1, is not worth anything, and that we've only now completed wave A (see point A2 - end not confirmed yet!), and are possibly busy in wave B up to potentially B2. Then wave C would form taking us to the bottom of the triangle at around 6.8k/6.9k. There's also a possibility that this wave extends passed the triangle bottom (wave E's often extend). Now for the variant ... sometimes when we switch from a strong bull to strong bear sentiment we can get an impulse up follow by an impulse down (instead of an ABC correction). So this scenario shows just that, the yellow dashed line goes from 9.99k to point 1 (same as A2 - end not confirmed!), point 2 (same as B2), point 3 (same as C2), point 4 (same as yellow impulse 1), but then down to point 5, taking us to a much lower number. So there you have it, a plan. I've applied EW theory, and show waves ending at key support/resistance levels. We have to watch at every turn to see how the plan unfolds, and modify the strategy each time critical data comes in. Remember only a fool relies on one potential outcome. Do not make financial decisions based on this. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
7
BTC - First peg in ground. What's the next key decision point?There you go folks. We all knew it had to come back at some stage! My chart the last few days called for a potential reversal at 9800 (one of a few key levels). Now we know where it turned (one peg in the ground). The next key thing that I see which needs to play out is whether this wave is Wave 2 of an impulse up or Wave E of a Triangle Wave. Let me explain. There are two possibilities plotted above. The first is shown all in BLUE from the BTC all time high at 19.9k. This shows a running flat ABC correction, which ended at 6425. After that we started an impulse wave up and the euphoria set in as wave 1 reached a peak of 9767. Now we could be in wave 2. The end of this, I cannot tell you ... but one major thing that sticks out at me is the All Time High Trend Line ... will it bounce off the top of that (around 8000ish)? Don't get confused with micro waves, where this current correction may stop at 8800 or 8500, followed by a small correction up, then another drop down. I am talking where does it end on the grand scale. Depending on how fast it drops, it could be around 8000 to 8200. Remember CME futures expire in 2 days ... so it could be fast. The second possibility is shown all in RED from the BTC all time high at 19.9k. This shows a triangle wave, and wave D ended at 9767. This presumes we have started wave E now. If this is the case, wave E would go down to the 6700 to 6800 level and a possible extension past that is very possible. If it does break the lower boundary of the triangle the obvious bounce points would be 6425 and 6000, where we hit the two previous lows. I still like the concept of a double (or triple) bottom confirmation to set off a bull run. Imagine, after the last bull run, and then knowing it isn't going lower than 6k or 6.5k ... the bulls will have some mega power to work with. So, how do we know what's going on. I'd say the biggest factor will be staying above that all time high trend line. Note, I might need to draw a new one to the recent high of 9767, but if we pass that, the one on my chart will definitely come into play, and I'd think this is the lowest it can reach to call it an impulse wave. If we drop below this, I'd say we are clearly in the gravity of the triangle. Obviously, no guarantees ... but again, watch between here and 8000, I'd say. Below that, I'll start preparing for a 6700 bottom, with potential wave E extension all the way to 6k. If we do bounce above 8000, it clearly invalidates the triangle wave theory, and would set off what I hope is a massive wave 3 of the impulse, and I'd expect that to test the 11.7k high. I've drawn some very rough impulse waves in blue and red ... please don't take the levels literally. It's guesses, based on key points. Too hard to predict that far out. I show them more to help people understand the concept of the two theories. One thing is for sure, I am eager to find the bottom of this wave (whether it is E wave or wave 2), as I expect a great run up either way! Remember, only a fool relies on one potential outcome. Do not make investment decisions using this information. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
5
Lets go to 8kThe green long term - trend line coincides with the fib extension level (8.000 usd) for the corrective C wave target. This correction is needed and healty for BTC , after that correction, we must see a new hig!!!, i think that correction ends with the comes of Lightning Network implementation. In a previous analysis of mine, i shown if the btc broke the mini triangle, the best way were to sell. Who follows my advice avoided losing yesterday more than 10% In other previous analysis, i said btc could go to 7.300, but this is the update for that analysis.
BITSTAMP:BTCUSDShort
by dflatr
2