Price may bounce before a further plunge. IMO Be safe sit and wait
CEMI 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....
3/4/21 $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...
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...
Stop loss 9014, 9500 area long target 9k short entry if need be.
Now 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...
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...
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...
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...
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. ...
I adjusted my Wave's a bit also added some Sub-Waves to get an idea where we are heading in the Short-Term.
Many other traders call the 8k target for BTCUSD. I simply connected the uptrend channel with the current bearish/correction channel and voilá. However, big money may want to prove us wrong so if we get above 15k, we might go bullish again. Beware of bulltraps though and watch out for ultra cheap alts at 8k.
We may have a falling wedge here with bitcoin. But it will definitely fall further so don't get to excited if we see a bullish run to above 10k again. Most likely will retest 9k in the future and even fall to 8k/7.5k if it gets really bad. Bitcoin currently holding on the 0.618 fib retrace based on where I placed my fib (its all subjective).
The most healthy correction is underway and could last a few weeks more. 8K is more possible and if support @ 50% is strong then we can see upword trend very soon.
The 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...