Keeping things simple, I'm electing to use a simple moving average along with the MACD to determine my position for Bitcoin. Right now I'm out, but I'm looking to get back in as soon as the MACD goes green and the MA moves above the closing price.
According to my novice chart reading, I'm predicting an approximate 15% increase for Alcoa over the next 3 months. There is a symmetrical triangle forming with a corresponding increase in buying volume. I think the price will trade within this triangle, then get out when it hits the tip in a couple of months.
I plan to begin slow with my position to test my...
I think Disney will go long for the short term. My analysis is shallow, I simply created a lower bound trend line and viewed the corresponding increase in buying volume from yesterday. The upside is from $91 to about $95, which is about 4% over the next month.