Cloud
XRP/BTC Adam & Eve Reversal?We could be looking at a Ripple reversal here with a nicely formed Adam & Eve pattern into the 4H cloud. A tenkan-kijun cross here would also help confirm this bullish reversal, so watch for that.
Conservative target rests at 2150 using the flat top of the cloud, with a more ambitious target of 3150 through the support/resistance zone of 2500-2900.
$strat longMight take a week or two, but the price is going to break above the cloud and there's going to be a 50 period MA over 100 period MA crossover right after signalling long entry. (Golden cross takes too damn long)
Might be worth playing the bounces until then since the range is pretty wide.
$waves long continuation- trading above cloud at lower intervals
- 50 SMA broke above 100 SMA and 200 SMA earlier on lower intervals, bullish
- just finished an h&s on lower intervals, but the neckline isn't bearish
- staying above 0.5 fib on retrace, so bullish continuation likely
- W bottom on bbands at 12H interval signalling bullish reversal... expect to see it tagging the upper bbands in near term future (~67k sats should be coming soon)
- Broke into the cloud at higher intervals, edge-to-edge coincides with major resistance point of 78.8k sats (short term target)
- If it breaks above 84k sats in the next week, it'll likely land somewhere above 100k sats on the low end
Waves is an absolute steal at 60k sats right now.
$neos long- trading above the cloud
- bull flag/pennant
- not shown, but I threw in a Fib retrace and it's holding above the 0.5 line so high chance of bullish continuation
ETC/BTC Inverse H&S and 1D Cloud Edge-to-Edge SetupWe are seeing a really nice inverse head and shoulders pattern which strongly indicates a reversal. Paired with the price entering the Ichimoku cloud, we have a great setup for a bullish edge-to-edge swing through the cloud.
Conservative target is wherever the price breaks out above the cloud. Trade is invalidated if prices closes below cloud.
Shorting BTC hereBTC is heavily overbought. The pitchfork has been dead-on accurate so far and the price is just miles away from the Kijun. This is not healthy at all and we will see a correction soon. Think we will see a c-clamp formation between the Tenkan and Kijun (Blue & Red line) soon. Bids would be at the kijun around the 5900-6000 area but I don't think it will reach that.
STORJ/BTC 1H Kumo TwistThe previously thick cloud, recent kumo twist, and bullish tenken are suggesting a possible bull run here through the cloud. The long flat line at the top of the cloud serves as a good indicator of resistance and a decent target for a short term trade. This target also lines up perfectly with the 0.5 fib if you retrace from the ATH to the local low. The ATH would be the longer and riskier target here but would probably warrant more bullish signals from the 4h chart. Trade is invalidated if price falls outside of cloud.
BTC bounce at 6000 USDMy guess is that BTC will bounce at 6000 USD. I don't think that the bull run is over yet. As long as the price stays within the pitchfork we should be fine. A daily close outside of the pitchfork would be bad.
The Tenkan and the Kijun formed a c-clamp which signals that BTC was heavily overbought, and the correction is currently taking place.
6000 is the level of previous resistance. If it breaks, your best bet would be to set buy orders on the Kijun level. Which is currently somewhere around 5500.
October 10 Earnings: Barracuda - The Security Growth Story Barracuda Networks has been on a stellar trend since they revamped their storage and SMB offerings in 2015.
The company's share price has gained over 250% since lows.
Barracuda's latest offering, Barracuda Sentinel, is helping boost subscribers to over 335K as of its latest release.
The company is expected to grow 2018 sales over 7% and 2019 at over 9%, with conservative estimates.
Cloud Security services are expected to grow at over 25% CAGR through 2022, allowing Barracuda to capitalize on subscriber growth.
Email Security, the company's strong suit is expected to grow around 7% through 2020, retaining consumers.
The number 1 risk is competition. The market is an incredibly dense one with the likes of:
Proofpoint $PFPT
Cisco Systems $CSCO
Microsoft $MSFT
Symantec $SYMC
Mimecast $MIME
Among others, all expected to grow security and cloud offering in double digits through FY 2019.
I believe the reward outweighs the risk for the to-be-reported quarter and start Barracuda with a $30.00 PT.
PT is 2-3 months, allowing for greater price flexibility.
NUTANIX a 'must have' stock for me.Fundamentals:
Interesting article
www.investing.com
Especially this graph:
d1-invdn-com.akamaized.net
Technicals:
Impulsive break of 23$ with steady volume picking up, dips will be very good supported. There is a great chance that we will see another leg higher into 30$ for a gap fill.
There is a big chance that this correction is over, and the next leg has started my stop will be around 21$.
All the best..
BTCUSD's Ichimoku Kumo Twist is forming a stronger bull positionBTCUSD's Ichimoku Kumo cloud Twist is forming a stronger bull sign
Expect more overall sideways consolidation for just a little while longer.
You can see the recent Kumo bounce off of the Kijun representing the short cycle correction we
experienced last night. If you were long and you held despite the stress, good job!
Over and Out
~Ji
This is not advice.
I don't need to be right or wrong.
I don't care if the market goes up or down.
Make your Own analysis and trade off of that.
If you have positive, constructive criticism and wish to share Please do.
Agreeing or Disagreeing is not personal and is welcomed in a positive way.
This is not a therapy outlet for venting negativity. Go join a boxing club. I like boxing.
Happy trading everyone!!
BCCBTC could see lower channel contact as BTCUSD surgesStochastics looking to embed and BCC has breached below its 100 dma. Price relative to clouds is bearish, conversion relative to base is bearish, plus bitcoin just broke out to new highs
A fall below 23% fib could take bcc lower along the blue diagnonal trend line b to the lower end of the black channel.
Resistance at blue line a, the upper end of the black channel and the red cloud