Probably nothing =D But I don't fade the bull. If you check my other ideas around this same scenario playing out, you'll see the confluence happening here. Keep an eye on rate cuts and M2 supply, we are about to boom.
A lot of bulls have been calling a head and shoulder bottom which I have drawn in orange. We rejected twice on the weekly candle at the neckline of 415. The Ichimoku is starting to forecast a roll-over with the lagging span falling below the price. We are currently inside of the red cloud and it looks like we may drop out of it on the downside. Tomorrows close...
Amazon had a gap up after the last earnings report which honestly took me by surprise since they had very little growth despite their inflated PE value. Overall I think that the general market rally and the stock split may have contributed more than anything. I guess investors were simply thankful that Amazons numbers weren't declining. Anyway we saw the gap up...
It looks to me like we have firmly painted a head and shoulders top. This should be the end of the Covid Bubble. We are now going to unwind into a bumpy landing. I get the feeling May might actually be a decent month considering April has burned off almost all of the gains that we made from the last time Powell spoke. It seems almost too predictable but that...
Hey Everyone , Many of you thought we`ve broken the triangle , and now its time for the bull run to begin. In my opinion that`s incorrect . For the Following reasons: If we look at the chart above , we can clearly see a strong trend line that doesn`t let us to go up. In my opinion that fast and strong break out of the resistance we had , was just a simple hand...
From this chart a falling flag is clearly being portrayed. With highest resistance being $289 and SQ trading right at support, a break of that support can lead it to fall down to another stronger support level it has retained ( blue horizontal line ) . Looks ready fall and rsi is low too. If it doesn’t, will most likely trade within the flag, but a move downwards...
Tesla had a breakout of its technical pattern today. Monday if news doesn’t mess it up I believe next week TSLA has a good chance at reaching $1250, a resistance point it could not surpass last time it contested it. Overall seems bullish. Love to hear other opinions as I’m trying to learn myself ( 15 yo )
This head and shoulders pattern predicts a huge 30% drop. Let us know your opinion In the comments!
first chart i am committing to share your thoughts. PROVE ME WRONG?
I am generally not one who likes to talk much about DOGE as it already gets far too much attention, but the current trend looks a bit interesting in my opinion. From what I am seeing, there appears to have been a breakout of a forming wedge (orange dotted lines) at the end of May after an initial bounce off of the 61.8% Fibonacci retracement level (based on the...
BTC looks to be indicating a potential breakout from the trend from nearly a month ago. First off, a quick recap: A few days ago, I mentioned the bearish logarithmic descending channel (orange lines) that BTC had been trending since April BTC then looks to have bounced off the logarithmic trend line (dashed yellow lines) Then a few days ago, BTC began...
Bitcoin looks to have surprised a few today as it looks to have potentially bounced off of the trend support I mentioned recently. I have recently changed back to the linear chart and what I find interesting is we are back in a potential wedge again (solid red and green lines). I feel like this is the movie "Jurassic Park" where the boy yells "we're back in the...
I just wanted to show a quick zoomed out picture of where the current support trend line is (yellow dashed line) that I have been mentioning lately relative to Fibonacci support. Although I have generally been going off of the Fibonacci retracement levels based on the low from last March (which has the current retracement level nearer to 34K rather than 32K), I...
BTC looks to have just broken wedge support that many have been speaking of recently. I think the question for many now is "is it in fact a bearish pennant and is a crash imminent". If a crash were to occur and the price stays in the descending channel (orange lines on the logarithmic chart), there is indeed quite a bit of downward potential to near 16-20K, so...
A critical moment is approaching for BTC over the next few hours as the price approaches the top of a wedge (bearish pennant?) which I mentioned a few days ago (white lines). A slight peak out of the wedge has occurred over the past few hours indicating a potential to break upward which can be seen as supported by a daily MACD cross (not shown). There is still...
It looks like BTC has managed to solidify a short term head and shoulders pattern that has broken the neckline downward. Based on the extension of the neckline from the head distance (orange dotted lines), it looks like the dip might extend near the 78.6% Fibonacci retracement level near 32-33K (although 35K is a possibility as well at the 61.8% Fibonacci...
Despite a rather drastic drop a couple of days ago, it looks like ETH is still in an ascending channel for the long term logarithmic trend. As for the flash crash from the other day, it looks to have very positively correlated to the 78.6% Fibonacci retracement level, which can easily be seen as a healthy retracement. Hence it looks like there is a good...
BTC has recently had one heck of a dip over the past few days, but looks like a descending channel has now begun to form (red lines) that looks like a bounce might be in order. A bounce from around the current price also looks to be nicely around the 38.2% long-term Fibonacci retracement from the most recent high. Additionally, the 4-hour chart looks to be giving...