Nice Bull Trend Rally GAMB GMB BTC/ETHWhat are your guys thoughts? We'll see if it will break to the upside and continue its rally into the next fib level. I'm still new to fib retracement, so I might be using it upside down? Anyway, i like the chart. GMB-BTC has the same trends.
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Rallying
SBI Cards | BUYAfter responding positively to the support ₹756, the stock has been continuing its upward movement. It has risen over ₹800, which has now become a support level for the stock. Expect the price to rally further and hit fresh highs.
Setting up the trap. Carefully! Explosives!This post is a confirmations aggregator for the
main idea in questioning:
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I've looked at the indicators and saw...
sea calm on 30m...(see the above chart, no confirmations yet)
Overbought on 4h:
Overbought on daily:
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As of yet - a few not critical confirmations of the
IMMINENT CORRECTION have just appeared(today)
on daily and 4h.
Now waiting for the 30m to catch up)))
12 hours of the deep calm should
result in a wide 8h-50hours long imminent
horizontal or deep correction 2.4-8 figures down.
But still the sea is calm, the volume is non-existent.
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Consider the above stated together with the root ideas in your analysis:
XRPBTC cyclesHey, let's see on the some same points in the chart, luck ? I don't think so.
Be prepair for another rally.
MY Bullish Case for DNRDNR while a smaller cap stock, looks prime to BO riding the newfound rally in crude. I hear a lot of traders calling for a PB here in crude, but I am seeing 62.75ish in light sweet before it tests any support. Reason for this is the fact that fibs on crude show the 127 is hit and the 161 is next. Usually the 127 is like a wall where the PA bounces off, but this action has traded a little more sideways than retracing...
Of course I could be way off going against the grain, but that is what we strive for right? Lead the pack not follow. Anyone can chase others, but leading the pack not only provides skill honing but a need to be more accurate every time.
BCHUSD Athough on support this is not over yetBCHUSD
Another spawn from the Bitcoin stable that has behaved technically perfectly - could be fresh from the latest chart
book showing what a 'stock' can do under perfect conditions - but this time looking at downsides, not upsides...
It's fallen below it's dynamic support line and then come back up to retest it from the underside....and repeatedly
failed...that's the big clue that this is headed south from here - can be shorted now with stops above the line, yes? It's
exactly the opposite of what a 'good' breakout to updside will look like. And in doing so it has fallen in 4 sections/waves to
the low, searching for support from the beginning of this structure to left of chart, finding it on the lows of that
structure and rallying there.
But this decline is not done yet until Bitcoin itself makes a clear bottom. Near term support at 2322 must hold up here
to avoid another test of 2248 at least, if not to 2209. Any failure to hold this latter level during the course of this week
will tip BCH back into serious bear territory again and will likely force price much lower still, to 1840 at least, if not to
1766 where we can look to get long again if struck.
But it's holding for now above 2322 so is neutral to mildly positive...but once 2320 gives way it flips back to negative
again and we look to pick it up from lower levels from there.
APPLE: POST EARNINGS - 1.42EPS & $42.4BN BEAT - UP 8% @ 103.5 PMApple beat expectations marginally at 42.4bn and 1.42EPS.
Apple reported not outstanding results, but nonetheless, the earnings call from Tim Cook et al. gave Apple the momentum to break the 101 resistance level and we closed post market up at the last low 100 resistance level at 103.5 (filled the low 100's resistance gap in).
Today the market will go either way -
1) With more liquidity backing the move break-out to the 104's - from here I would advise buying with a target of 110-112.
- Signs of this move would be a bullish pre-market e.g. 104-5; I would advise buying this level ASAP OR risk-averse traders could wait and see if we get a pullback into the 103.8 resistance level at some point after the rally as a recovery leg of the move higher which would be almost inevitable
2) and my preferred prediction is that more liquidity brings us back down to at least the previous resistance level at 101 before then moving higher in the next few days to break-out the 104 and trade towards 110, as IMO 103.4 is high relative to the results - yes they just beat estimates but IMO the estimates were very low and i infact expected more. Nonetheless, given apples depression and even at 110 trading 20% down I can easily see this becoming a recovery rally to the 112 level before reversing (especially as the Nasdaq continues to make new 12m highs on its way to ATH). BOJ on friday is something to watch out for though - a miss will likely turn risk markets sour and take the carpet from under apples feet say if it was at 107.
- Signs of this will obviously be a quiet pre-market or a bearish pre-market e.g. trading at 103 flat, then when market opens we see a cascade of old TPs move us to the 101 level where supply/ demand stabilises. Or simply in pre-market we've already moved to 101 and are ticking along. IMO if this is the case it is best to see if we can get a 102/104(breakout) before buying as at 101 we run the risk of breaking lower (as we have seen apple break lower from 101 several times).
3) Also it is possible that the market sees apple as expensive at 103/4 so sells off straight through the 101 resistance say to low 99/100's - this imo is a bearish setup and i dont think Apple will plan on having any upside momentum going forward e.g. no 104 breakout if today in pre/ normal market we see 100 or less.
- Signs of this will obviously be a sell-off from the 103.5 post market to the 100 level in pre/normal market. Here I have no interest in buying as i expect apple to move back into the 90's with time - also you have to remember even a sell-off to the 100s shows apple up 4% as it closed at $96 yesterday.
Personal Note:
I have long been an apple bull so i like the topside possibilities but equally Apple has struggled of late to hold onto gains/ rally. that said, the time to rally would be now (on target earnings/ bull market/ upbeat earnings call/ broken initial resistance levels) - it would have been nice to see apple trade through the final level at 104 which is the last highly restrictive technical level left, but the fact it held means we have to be vigilant - read the above and make smart decisions.
