NASDAQ Long-Term Possible ScenarioHello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: NASDAQ is sitting around its all-time-high and 140.0 round number in blue so a reversal may be expected from here.
As you can see, this one formed an objective trendline in red and a valid RichBomb setup (orange dots)
The bearish movement would be confirmed after a momentum candle close below the gray area (the entire structure)
and until the sell is activated, this one would be overall bullish and can still break above the 140.0 round number to reach 150.0 before going down.
As price approaches our lower green support and round number 100.0, we will be looking for buy setups.
Good luck!
ALL
$BTC / USD 4H - Breakout & Retest to a Full send to new ATH$BTC / USD 4H - Breakout & Retest to a Full send to new ATH
Bitcoin ranging up in the $19Ks is bullish. Price (USD) has never held these levels for this long, showing strength in the region. I think we breakout of this triangle, retest the zone (chop) and then proceed to a new USD all time high. It may not be as easy as drawn on the chart in the green line - we may re-test lower in this range.
If you were trying to catch any dip before the ATH, levels around $18.2K and $17.2K are valid to bid. As long as the $15.5-16.5K level remains in tact on a macro scale, I tend to remain bullish.
For clarification:
- Dotted line is the previous daily close
- Support levels in green
- Resistance levels in red
- The pink line is a significant level - if price can close above the pink line, that is very bullish
Bitcoin is close to a decision point!Hello everyone,
Bitcoin has seen a fantastic rally over the last months. We've managed to reach all the way to the all-time highs.
There hasn't been any serious pullback yet.
I've found a bearish divergence on the daily timeframe in the RSi and a rising wedge pattern.
The target of the rising wedge is calculated by the height of the wedge, so around 16200.
If the rising wedge is to complete, we will see one more pump towards 20k and then a real pullback will start.
However, that being said, if bitcoin manages to clearly pump above 20200 and actually closes there, I think much higher prices are in play.
Thanks for reading my analysis,
Goodluck!
Spot Silver Weekly Chart: Very Long term BullishSpot Silver , current price $23.72. comparison with 2011 trend when at all time high and where we are heading in long terms , direction for long term is clear , we are in super bull market , wherein we should keep buying silver on any major retracment or I may say buy on dips to see we reaching first all time high of $49.81. and then probably seeing all time high of $55. the time horizon for this should be from here to next 3-5 years.The above study is for educational purposes and should not be considered as Financial Advice
I'm Bullish on ADT and ALLRight now looking at the 5 day charting pattern vs. 1 month periods as well as price correlations and support level, I'm bullish on both for a small profit turnover with low to mid risk. Currently, I'm keeping a close watch for these two on my watch list and the categories seem both similar though different. Pattern-wise, I'm expecting still continuation of similar RECENT correlations. That being said, everything I say is on an opinion based basis. Please invest at your own risk and do your own due diligence. This isn't meant to be taken as actionable financial advice.
GOLD PredictionOver the past days the price of gold has been consolidating in a triangle pattern. As well as between 1738.22 resistance zone and 1673.70 support zone. We are like to seen a break of the upper resistance and the triangle pattern, and gold is like to restest the 1738 zone before making all time highs until $1800.00. Let's see how it plays out.
Thanks for viewing.
Comment with your thoughts I'd like to hear them.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
AAL American Airlines - Burning Through $70 million A DayAmerican Airlines 1st Quarter numbers are in. As expected, they weren't good.
AAL just posted its biggest loss since the Great Recession in 2008 as they lost $2.2 Billion. In the 2nd quarter they are burning through $70 million dollars per day. SO if you're wondering how the 2nd quarter numbers will look, that should give you somewhat of an idea. US airline travel is down approximately 95% compared to the same time last year. In attempts to cut costs, around 39,000 employees have volunteered for unpaid pr partially paid leave.
Brief reminder, airlines can most definitely fail. American Airlines is still fresh off it's bankruptcy that occurred in late 2011.
Technical:
Stock prices at the moments seem to be pure gambles as some are completing deviating from TA and fundamentals. Would only buy to go in and out for quick trades. We're not long on airlines until we see flights filing up again. If going long for a quick scalp, look for support around $10.45 and $9.00 with a tight stop loss. As per bottom, we've seen some consolidation in the current region we're in but we're not yet comfortable here. Any further drops we can look at $6.94, $4.55, & $1.09.
Hit us with a like and a follow for more updates. Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
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