Cashmoney
SPY zoom outI am neutral on SPY until I see price action but leaning towards short.. filling out the channel.
This can go two directions right here as we see quite a but of support and resistance along each trendline. Anyone who tells you otherwise is lying to you..
Tests of upper trend line show high level of resistance in overall downtrending market however we see support along lower trendline. Last candle on the daily I set alerts for breaks above and breaks below and then look for an entry. I will likely stay out of the market this week looks like a choppy one..
Good luck have fun trade safe cheers!
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Bitcoin Fibonacci Analysis Into HalvingDONT FORGET ABOUT ME
- Bitcoin Loves respecting the Fibonacci retracement tool. This chart compares the hidden upwards trending Fibonacci Channel and the middle term Bear Market channel we have been stuck in since June. This is an experimental chart possibly breaking into the realm of Trend based Fibonacci Market timing.
- At the time of posting the price has almost retraced to the 61.8 regular fib retracement level after the 42% pump from $7350. This retracement coincides with a 1.618 uptrend channel line touch, ranging down from a 1.382 downtrend resistance. The chart beautifully shows how the paired Fibonacci levels of: 38.2 & 61.8, 23.6 & 78.6, and levels divisible by 0.5... mirror and affect the price together.
- Price in the consolidation phase of a market move tends to range on the hidden .5 divisible levels before a final pump or dump to the 31.8, 61.8, 78.6, or 0.5 divisible levels. When the price then moves to one of these levels it triggers a weekly/monthly price reversal which can be capitalized upon. After a reversal touch, Price should shoot back through levels ending in .5 and profits should begin to be taken at the mirrored level on the opposite sloping fib channel. This sort of middle-market flirtation with .5 levels occurs twice on this chart already: during the months of Aug - Sep 19' (Short), and Oct 19'(Long).
- In the short term, I find it likely for Bitcoin to drop the 0.382 level through 0.5 and be supported by the 0.618 level. A price divergence down to the 61.8 bear channel support level of $8,400 - $7,800 likely could give Bitcoin the upside momentum to break the 0 Level resistance. A break of the 0 Level resistance would cause the price to search for a target to the $14,000 2019 bear market wedge. Unless Bitcoin ranges below $9,500 for the next few months, A pre-halving price target of anywhere between $11,200 and $17,200 is probable. Hard Stance: Bitcoin below $7,800 is unlikely, In the event $7,800 is dropped look to $7,400 & $6,800 for support.
- Good Entry Points based on recent price accordance to Fibonacci:
Long: 61.8, 78.6, & 0.5 Divisible level downside touch
Short: 23.6, 38.2, & 0.5 divisible level upside touch
Ex Pos.
Entry Long: 0.618 Uptrend touch --- Begin profit-taking -1.382 Downtrend Touch (Hold for potential max profit at -2)
Following this Chart and will benefit the prepared & savvy Bitcoiner who understands that everything must respect the fundamental sequencing of nature.
Lufthansa ready to fly to higher altitudesOof, I will just be honest here, chances like this you won't find often. Longing this like there is no tomorrow.
- Kumo break with some cooldown
- Clear bull div on the renko chart (pretty big brick size)
- 3 bricks printed = my confirmation to go in this case.
- OBV seems to have bottomed out nicely.
Target: 20% longerterm.
Anticipating a BULL RUN back to 1520 As we know Gold took a MAJOR dip/short run yesterday 9/25/19.
I anticipate that the bulls will be in full force today to buy back that gap and get it ot MIN 1510-1515 levels in hopes for the 1520 range where it tends to sit on avg.
if all hell breaks loose in opposite it ill tap 1494 then bounce back to the 1505 levels....
Philips losing steam, also cheap light bulbs?I have alot of lightbulbs in my appartment that are ready for replacement. Will this short play out and will I get my discount?
- Not the most perfect bear div on the daily, but it looks convincing enough to me to say that momentum has died.
- PIHA price closed below 4h uptrend line, will the hidden bull div play out? I don't think so personally.
- I also want to add that Bollinger bands on the OBV are pinching. A move is incomming, my bets are on a nice downmove, marking the start of a daily downtrend.
- Stopsell @ 41.45 for entry.
Support for the O.G ShitCoinI cant predict the future and neither can you.
Seems like the OG ShitCoin has support levels in the short term.
I suspect Bitcoin wont be having any bull runs anytime soon tho.
Weird how BTC and the DJI IXIC SPY all found support all at the same time... something to think about.