The chart illustrates the possibility of a correction down to a major trend line. This would mean millions of dollars lost in market cap within the next several months or years. If the movement is drastic we may see the company attempt perform countermeasures to provide shareholders a soft landing. One of these countermeasures could be (which I think will be more...
It seems like the Dow Jones went on to test $33,982 coming down towards target T1 @ $31,068.00 Overall outlook seems bearish. Will update soon.
Most of June and July were spent accumulating health care/industrial sector stocks. A nice rally proved profitable picks across all sectors of the market, several stocks seeing double digit gains. This week we clearly see a test of a major downtrend which began on 01/01/2022. We should be ready to see some downside coming into this week, or a test to 31160. I...
Any one who argues that the bullish push from January isn't an impulsive wave needs to shut up and study up on TA. The aspect of TA here would be the Elliotts Wave Analysis. We should expect a maximum pull back to 50% ($8,543) If the market pulls below 66% ($6,873 : on a closing basis) we should expect further market liquidation. I presume that this analysis...
The ascending wedge is notorious for bearish signals especially at the tops of markets which is like gold. I did this analysis at 0743 EST, by 0930 it was testing the internal pink line. I've said that the markets are due a correction about a year ago, I believe we're getting closer and closer. I'll be writing a better analysis later tonight or tomorrow...
BTC seems to have performed a BAT pattern. Typically targets begin at 88.6% on fibonacci retracment If this is true, the market will drop to $8,231 which is where a long position would fall to place. Supporting evidence for this call is the strong momentum to the downside along with the current daily engulfed bearish candle at the time of this writing. However,...
DJI may be coming up to test the internal pink trend line for the opens. Supporting evidence for this is an oversold status on RSI, pink trend line falls right on 33% retracment, previous candle displays market uncertainty. Trade with caution.
Hey everyone, we all know that over the past couple of months the crypto market was in a major bear market. Above you should note the resistance line at 118.60 & 133.91 (this is the range of interest right now) Most importantly however I want to point out the black internal trend line extending from left to right. This is important because as we reach closer...
Hey all, above we've got the 4 Hour chart up for BTCUSDT ( Binance ) - You'll notice an inverse head and shoulders (H&S) that we failed to break up out of, to the right of the H&S I've illustrated a bat pattern with its potential to complete it's D Leg. Awaiting break above $7788 (closing basis) a break above may send us to $8550 if the market doesn't pick up...
Hey hey, most see the possibility of this inverse head and shoulders pattern goo.gl in my report (link above) I mention the possibility of this break and a push upward
Long term investors seem to have been turned off by facebook as they may have been breaching the FTC privacy deal by sharing data of tens of millions of users with a data analysis firm that later worked for President Trump’s 2016 campaign ; triggering the risk of massive fines. We're currently testing a neckline of a head and shoulders pattern found on lower...
Awaiting D Leg Completion ;) BL: 23,690 SL: 23,330 (-1.45 %) TP1: 24,448 (+3.4%) -- TP2: 25,000 (+5.5%) Execute at your own discretion
A cypher form on the hourly chart, awaiting entry at 474.00 TP - 519.00 (+9.33%) SL - 454.00 (-4.16%) Execute upon your own discretion
It seems as though XEM may be retracing after moving aggressively to the upside. Minor Bull trend is rendered stable, however; if bearish momentum is held strong we may bounce off that trend slightly thus creating a head and shoulders. Will keep updated. 0.000042 would be an ideal buy zone. A break and close below may send us to 0.000035 Daily time frames...
If Bitcoin breaks above $11.2k we will test at $11.8k if theres enough momentum behind the market we may see a high drive towards $12.2k A break below $10k may send us towards $9.2k Eyes out for breakout! www.youtube.com < Trend Line Analysis Guide www.youtube.com < S&R Guide & Identifying Trading Ranges
Awaiting leg D to complete to 115 levels - Updates Soon
I anticipate a breakout above to test $250 if enough momentum carries the bulls we may see a test of $300 A break below will send price to $190, if momentum is heavy we may test $165