Get started

Alltimehighbreakout

RBLX - Great Price Action with Breakaway GapRBLX was meandering sideways for 5 months before it staged a strong Gap to "all-time high", breaking previous high water mark @ 105. It then dipped briefly for the next 2 days, retacing 50% of its strong move up (AB). The gap was partially filled before it quickly staged a strong rebound last Friday. This chart has the hall marks of the start of bigger trend: 1. Strong breakaway gap out of a consolidation period and into All-time-high 2. Great volume since the breakup It is likely that the near support is now at ~100, though conservative traders would put the initial stop loss just below it's recent pivot low @ 93. Trail profits up for a bigger move or consider to scale out partially along the 1.618 and 2.00 fib extensions of CD swing up (~ @125 and 138 respectively) to protect profits. Let's see if this trade works out! Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade
NYSE:RBLXLong
by Juliac
2
Will BTC break ATH today?What everyone wants to know rn so I'm gonna take a stab at it. I normally wouldn't, since I don't have a clear enough answer to post about it, but it's such an exciting time. I'mma say NO It's climbing too steep too fast. As you can see, it's been in an ascending wedge ever since it broke out of the death cap (which I called accurately). Ascending wedges are somewhat bearish, showing signs of being over-bought. That on top of this steep climb the last week or two, it's almost asking for a dump. If BTC does not reach an all-time high soon or without pulling back too much (under 39600 would be very bad), then it would be overall pretty bearish, possibly in for a long extended period of lower prices. If it does manage to put in an ATH it will have to sustain it for a while, else be considered a double-top, if albeit an optimistic one. Could we see 100k btc by the end of the year? Sure, but how it behaves over the next few days will be critical.
COINBASE:BTCUSDShort
by greenvention
1
Ethereum On The Verge Of Breaking Out Really Soon!As you can see Ethereum has been consolidating around these prices for a while now... Ethereum looks like it is setting up for a major move to the upside and you dont want to miss it. We have created an ascending triangle and this is very bullish as we are cooling down before the next major rally begins once again! We can see Ethereum still consolidate around these levels for about another week or can also break out any minute now! Keep an eye out for this as these are great buying/longing opportunities.
COINBASE:ETHUSD
by aberajab
The Finishing Moves For This WeekAfter putting up my initial buckshot for the next month, some movement has come into picture. I have Minor wave 1 ended on September 30 at 1400 which had it last just over 31 trading hours. This is 3 trading days earlier than my last forecast. This could mean I am wrong now, was previously, am still wrong, or most of my original forecast has slipped left and the marks will occur sooner than originally projected. A three day slide now brings the market top to the day of or day prior to Election Day 2020. This is absolutely possible with the likely unknowns set to occur November 3. We could be holding our breath for an outcome longer than we might have expected. I have forecasted Minor wave 2's movement which are set to find its bottom before the end of this week. Minor wave 2's for the index tend to retrace the length of wave 1 by 33-68%. A 40% retracement is closer to the mean and average while remaining conservative. This conservative estimate would have Minor wave 2 last around 12 hours. Another significant statistic is that wave 1 is around 1.84 times the length of wave 2 which equates to roughly 14.5 hours for this wave 2. Lastly, Minor wave 1 tends to make up 22% of the length of the larger wave (Intermediate wave 5) it resides inside. Likewise, wave 2 makes up around 9.5% of that larger wave. Based on wave 1's length and possible contribution to the larger wave, Intermediate wave 5 could last around 145 hours and wave 2 could be 13 of them (SIDENOTE: 145 hours ends on October 22). I am projecting Minor wave 2 to last around 13.4 hours. The movement for Minor wave 2 seemed much less complex to locate. A fairly common wave 2 retracement is around 38% which is also near the common Fibonacci retracement of 38.2%. This could have wave 2 drop 69.96 points. Wave 1's movement in relation to the total movement of its larger Intermediate wave is around 45% while wave 2 is around 17%. This could mean Intermediate wave 5 gains around 409.13 points and Minor wave 2 only drops 69.55 (SIDENOTE: 409.13 points puts the top around 3618.58). Lastly, wave 1 tends to move 2.37 times wave 2 which could see a 77.68 point drop for Minor wave 2. I am forecasting a drop of roughly 70.56. Based on the forecasts, I have further attempted to identify the movement of Minute waves A, B, and C. Wave A tends to make up 35.54% of the larger wave's movement while B makes up 28.13% and C is 37.24%. Wave A tends to move 73.86% of the overall move, while B reverses course for 44.60% and C is 67.83%. I have placed the A, B, and 2 (Minor wave C) roughly when and where the waves should change course. This is setting up for a truly great entry point to "buy the dip." Minor wave 3 begins next week and could make for a few weeks of major gains. The catalyst? COVID stimulus is not dead yet and could find an agreement before Congressional recess this weekend or early next week.
SP:SPXLong
by StockSignaler