Reverse
Looking long enough....reverse cup-handle pattern in bitcoinHi Chaps,
Not that it changes anything from my last posts, still bearish, but we have also a reverse cup-handle forming. So three patterns in each other. Rising channel, slightly descending triangle and a reverse cup and handle. Save trades.
Kohl's - ShortStrong resistence-area at 78.75. The share did rally twice with strong momentum before to the area, but failed to break it.
Nice setup for double-top might be built by the closure of this weeks session. If today's close-price stays under 75.50, position will be opened at upcomming Monday.
I like the huge trading zone, providing a considerable chance-risk ratio. TP2-level chosen as previous strong momentum countermoves from resistence-area were 50% and 40%+.
Probable Demand ZoneEURUSD has been going through an extended complex pullback pattern on higher TFs. It seems another bear leg to 1.1175, the FIB 61.80% retracement level, is becoming a probable scenario. Selling short to 1.1175-1.1250, covering and flipping long is the potential setup. As always, managing risk is the most important part. Fractional risk of 1.5-3% approach is the default approach. The size of a trade decreases as the risked price range increases. In another words, trading higher TFs requires a longer wait and a smaller size. Extremely boring.
04 AUG BUY BTC / XBT! - Ichimoku & MACD coming togetherAfter the last sideways in the 8k and the dump, BTC now looks like refueled again to, and maybe real pumpy days coming in when all the lines come together. Could take 1 more day tough.
04 AUG 2018
Bitcoin dipped at ~5.800$ and still slowly entering uptrend to me.
BTC Retrace of DumpThis is a model of the retrace from the dump to 7480. The double bottom at the vicinity of 7500 and the bounce have formed a narrowing channel heading to the first fibonacci level of 0.382 just under 7800. This should be considered a short-term entry for a short or close for longs opened at 7500-7600. After reaching this target, further upside as high as 8k is possible (.618), but ultimately, this is a bull trap/bear flag that should break down at one of these 3 levels.
AU long to 75.000 then short to 73.xxxAU is looking to long to 200ma, i think its going to get near 75.000 and then short down to my channel bottom (73.xxx).
last week price double bottomed back into week open range and closed up, but not over the open of the week, still think it is showing bullishness but over all i am looking to short AU, maybe in the coming weeks.
AU monthly is in a established channel, which alot of people would be watching to break, this week will be the end of the month, i feel like it will just keep ranging in the channel as AU usually likes to do.
AAPL Turtle Soup Sell on the WEEKLYAAPL -0.35% failed to hold previous 20 WEEK highs (190.37) after making new 20 WEEK highs (194.20). This sets up a Turtle Soup Sell (Linda Raschke), a short term reversal (weeks if on weekly chart, days if on daily, hours if on hourly, etc). The weaker the trend, the stronger reversal (time a/o price). AAPL -0.35% ADX on the weekly ≅ 19, weakly trending. This setup is invalid > 190.37 - 20 WEEK highs/low are key levels and price often trades through multiple times - set and TRAIL STOPS appropriately.
Note: Lower momentum high with higher price high on daily. This divergence has corrected on the daily. Weekly momentum and price both made higher highs.
When Turtle Soups fail they fail spectacularly (aka bull/bear traps). For example, QQQ recently set up 2 Turtle Soup Sells on the daily (May 31 & and June 13) and rallied hard the next day. So I repeat: This trade is invalid > 190.37
Previous weekly Turtle Soups Sells & pivots (previous 20w highs):
Dec.18 - 176.24
Jan.22 - 177.20
Mar.12 - 180.1
Reverse Shoulder Head Shoulder then again SHSIs this a Reverse SHS? If it is then great, but following it there is a possibility for SHS.
All these means to me, first it is going to go up until $8500 to $9500 But if it decide to do better, it might even go towards $11k But less likely!
Following that it should come down and area where it is going to stay steady for the summer. Good luck.
These are my plain opinion, not an investment advise.
$NNRX Breaks Out. New Custodianship/Reverse Merger + Great TeamFirst and foremost this went to a high of $1.25 in 2013 (Possibly due to the incoming R/M with Nutra), the company has NEVER had a R/S in all that time, so that is a REAL PPS that it went up to.
The company incorporated in 2007 as a gold and mining pre-exploration company located in Fiji called Buka Ventures Inc., it owned a 100% interest in the Sigatoka Gold claim located in the Republic of Fiji. It was acquired in 2013 by Nutranomics Inc. in a reverse merger which sold health and wellness products, the PPS was driven into the ground by bad management and multiple convertible notes (which to my knowledge should have all been converted by this point.)
Now it is at all time lows, literally coming off the bottom with an amazing S/S still pretty much intact since the last business went dark, now the company has been reinstated in the last two months and has filled motions for amendments. It also has a court date coming up to decide custodianship.
Currently as of the last filing institutional investors owns approximately 34% or approximately 197,426,274 shares of the 580,665,512 in the O/S
Now for the juicy stuff, what could this company possibly be doing after having a prior successful business before the last one and what will the new CEO and his associates bring to the table?
Let's start with Mark DeStefano
That is what was found:
google.brand.edgar-online.com/efxapi/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=732561-93516-104557&SessionID=40y5ev6UTlDef97
jeskylaw.com
It’s the same address with the Nevada filing.
The last name matches our new CEO, Mark DeStefano might be his son.
They seem to be dealing with mergers and acquisitions.
It appears their specialty is buying penny stocks and creating mergers:
lasvegassun.com
whalewisdom.com
www.sec.gov
www.sec.gov
Related to this address
www.nvsos.gov
www.sec.gov
www.nvsos.gov
seekingalpha.com
www.bloomberg.com
rasr.pcaobus.org
Officer Name Officer Type Entity Name
MARK DESTEFANO Managing Member UNNAMED MOTION PICTURE, LLC
MARK DESTEFANO Managing Member PUBLIC LISTING COORDINATORS, LIMITED LIABILITY COMPANY
MARK DESTEFANO Manager SMO, LLC
MARK DESTEFANO Managing Member STOCK EXCHANGE MEMBERS, LLC
MARK DESTEFANO President PLAINVIEW LABORATORIES, INC.
MARK DESTEFANO Secretary PLAINVIEW LABORATORIES, INC.
MARK DESTEFANO Treasurer PLAINVIEW LABORATORIES, INC.
MARK DESTEFANO Director MQ HOLDINGS, INC.
MARK DESTEFANO President MQ HOLDINGS, INC.
MARK DESTEFANO Secretary MQ HOLDINGS, INC.
MARK DESTEFANO Treasurer MQ HOLDINGS, INC.
MARK DESTEFANO Secretary PUBLICLISTING.COM, INC.
MARK DESTEFANO Director FUTURE STARS OF AMERICA
MARK DESTEFANO President FUTURE STARS OF AMERICA
MARK DESTEFANO Manager SMO, LLC
MARK DESTEFANO Director ADRENALINA
MARK DESTEFANO President ADRENALINA
MARK DESTEFANO Secretary ADRENALINA
MARK DESTEFANO Treasurer ADRENALINA
MARK DESTEFANO Director LUNA ONE
MARK DESTEFANO President LUNA ONE
MARK DESTEFANO Treasurer LUNA ONE
MARK DESTEFANO Managing Partner MQ, LLP
MARK DESTEFANO Secretary OMT STRATEGIES, INC.
MARK DESTEFANO Treasurer OMT STRATEGIES, INC.
MARK DESTEFANO Director PRIMO DISPENSARY
MARK DESTEFANO Secretary PRIMO DISPENSARY
MARK DESTEFANO
BTCUSD: Bitcoin Reverse Head and Shoulders Trying to Complete 10:00 gmt 05:00est Saturday Bitcoin Bitmex Chart Update
After holding up overnight Bitcoin began to break higher above
7450 at 06:00 am in Europe triggering the next long to the
7624-7735 range with a high so far at 7681 on Bitmex.
In doing so Bitcoin is defying the bears as it tries to complete
the RHS pattern we've been watching develop over the last
few days of trading. To do this Bitcoin has to find buyers
enough to break above the 7735 level on Bitmex and the other
feeds we cover to trigger the next long or add from here to
7948 initially and then to the minimum upside target created
by the RHS at 8157.
Returning to the downside, although this RHS pattern looks
'real' it hasn't completed yet and can't do without fresh buying
power to push it through the 7735 level.
It can stooge around for some time here making up its mind.
Despite renewed optimism for the weekend ahead it can still
fail and end in disappointment if we don't see that break
above 7735 materialise later today. It's Ok for price to come
back to the 7641 and then retest the 7600 main neck-line
again but it should hold up from here if it's to stay positive
from here.
Any subsequent failure to hold 7600 during the course of
today would be the first clue that the RHS is failing due to
lack of interest - it should then start to fall away further to
7500-7448 range again at first and attempt to rally again from
there.
More as the day develops...