Andy’s New Weekly Signal!Andy has a new signal on the weekly chart, waiting for the monthly to show enough strength to confirm the bullish trend.
This has triggered a trade towards 0.00025 and 0.00048, with a small chance of reaching 0.001 by February.
I’ll add on dips, and if the following week creates another expansion bar, it’s set to be a strong move.
This is a follow-up to the previous post:
Andy
Andy: Your Go-To for Gains—The Momentum is Far from Finished!I needed to open a second idea since the current one has hit all its targets. This coin, in particular, has been fun to trade, but I’m anticipating a range to form within the mid-level retracement.
If CRYPTOCAP:BTC retraces to 60k, I’ll be cautious about how low it might dip. Keep in mind, this one still has potential; we’re just capitalizing on the initial impulse for now.
Once CRYPTOCAP:BTC breaks above the current level of 64k (if it does), things will become much more profitable. There’s still a temptation to short at these levels, as it has repeatedly failed to break above. For now, I remain bullish on the market, as most of my posts have been on the long side. However, if the market flips and 60k doesn’t hold, we may have to shift to the dark side and short until CRYPTOCAP:BTC reaches the first target at 44k.
For now, we continue to bid on dips.
ANDY: Constructive Price Action – Will It Pull a PEPE?Giving this one a shot. $ANDY
Things are setting up for a potential breakout after the third attempt at the trendline.
Focus should be on price movements within the descending pattern to determine if it’s worth taking the trade.
If a stock or asset shows no signs of life, it might be best to remove it from the watchlist. You want to see a strong inclination towards the descending trendline with a few tests.
Did you miss #BRETT & #ANDY ... BirdDog is "Cheap"And has structure for a continuation inverse Head & Shoulders.
Just poking above the neckline currently.
The linear projection is not that juicy tbh ..
Although this chart is in Ethereum terms not USD
Yet the LOG projection could suggest a very nice move could still occur.
And put BirdDog firmly in the $100M+ mc category.
With these Boys Club #Memecoins...
Extreme caution and research is required by yourself to determine what is the real coin and what network that coin lives on.
7/10 AMAZON 4200 JULYHey fellow traders,
Welcome back, I hope you are doing good.
Right here we can see Amazon, which is in very good shape...almost sexy! ;)
There is a Triangle forming, which is a bullish sign, especially at a record high.
Most of the time, the pennant leads to higher highs, which more or less is the height of the all-time high and the first low of the triangle.
Expecting 4200USD at a 25% rise, Amazon which had 106billion Q4 earnings in the year of Corona 2020, expected was 95, and which is in addition to this, the highest earnings for a single quarter...This is pure jet fuel to me.
Regarding the global change to digitality and a technoculture of digital payment, clouding, and online culture, I think Amazon will be and already is a giant forming and shaping the future of business.
Not just selling but creating marketplaces, being a service provider and a logistics monster, Amazon will do pretty good, at least this decade, that is FOR SURE in my humble opinion.
Anyway, getting back to technical analysis:
-As you can see, RSI (relative strength index), the "strength of the market" looking strong, being in a healthy uptrend, not being overbought or sold, pretty natural higher highs and higher lows, especially from September 2020 until today (February 2021).
-Volume pretty nice, too: We see high volume when the price rise from 1600USD (15. March 20) to 2400USD within 4weeks, and a little less but acceptable and confirmable volume, when the price hit the actual all-time high at 3500 (1. September 20). Right now, the volume is declining, which is a sign that market participants do not even think about shorting or selling this stock. In today's trading session (2. February) I heard not even one sell or short order was given in NASDAQ, only buyers or holders. Incredible.
-The triangle acts also like a bull flag from the recent leg up (1600-3500 15. march- 1.september 2020)
What do we wanna see?
-A break out of the triangle which already occurred and created a gap (could be closed in a single sharply in the coming days)
.Good volume while climbing to a higher high until July 2021.
The price target and the date range is because of historical data, which shows average length for price actions of this kind and estimated price ranges, because of a) the triangle and b) older moves of this stock, which are kind of similar.
Pew, this was a long one. But you are done, good job coming so far. And you know what didn't expect to write that much honestly haha ;-)
Anyway, hope this idea provides you with interesting information and data,
happy trading,
gqt
ps: Jeff Bezos is no longer CEO of Amazon. It the Head of Cloud Services Andy Jassy, which is there from the beginning. Jeff will be Chairman and will be looking over his shoulder, like Bill Gates does on Microsoft when he left it a while ago.