Fast-don´t think twice-glance... It could lead us straight up to 45k This is a bit bullish and lacking other indicators´ support, but the pattern seems to be right there.
BITSTAMP:BTCUSD is currently at a key support level: EMA 200. Will it suffice? We think 0.382% Fibonacci is a tough one ($43,760) so this movement can be considered normal and still within the overall short term uptrend "provided that" we don´t losse EMA 200 as support. If so, go pick it up at around $37,300 (Fibo 0,5%). BTC is slowly getting back on track.
Self explanatory idea. Knock-knock-knockin' on heaven's door (41,000) :)
After exceeding market expectations in terms of earnings, NASDAQ:SBUX made a downtrend gap. Probably those with filled pockets made a happy exit. (take profit) But, an Inverted Hammer Doji pattern closed the day. Looking at the general uptrend of this stock my guess is that it shall bounce back into positive domains.
Bitcoin is currently at an absolutely key level. Should it stay above the prior high & resistance level (@36.600) we could be dreaming for more short term uptrend. If not, it could hopefully hold along the newly created short term uptrend line (somehow around 35k). If we loose both, then its back to 30´s baby.
So Bitcoin did NOT reach the expected 35k goal I had set, and took a long break further down. Now, after sorting out a double bottom @ 29k seems to be back on track, following a softer downtrend, that one formed in June 29th, and the modified target is now $32.281
Still in the 33,000-34,000(500) range, BINANCE:BTCUSDT remains sideways. Time to hold your guns and watch. Hold. I mean, HODL.
Yes I am modestly optimistic about BINANCE:BTCUSDT . Things have been rough and remain in the very best case, sideways. However, Squeeze Momentum combined with Stochastic, tell me that a short term reversal could be cooking. USD35,000 is the current barrier, that resistance became strong. So we think that once Bitcoin deals with it... it might just be the right...
This is what I was talking about in my prior idea: There´s a second bullish (green) hill forming in the Squeeze Momentum´s Histogram.
Tracking NASDAQ:NVDA to determine is this too good to be true towards the upcoming July 1:4 Split and earnings? Well, the Stochastic has a word here. Although overbought, %K crosses over %D telling us there´s still fuel there. It´s true that volume has been decreasing but its still decent. Also, check the Squeeze Momentum to find a second "green hill" in the...
If you check how BINANCE:BTCUSDT is doing since its downfall, for the first time RSI and MACD indicators are showing signs of reaching neutral territory. Take a look at my yellow versus green markings which purport to show this situation.
BINANCE:ETHUSDT under compression. Triangle was rendered invalid as breakout did not occur within 2/3. Also EMA 100 has acted as a Resistance, which together with low volume leaves us with further compression with a new $1839 recent Support in place. There´s RSI convergece with prices. Neutral and quite dependant on BINANCE:BTCUSDT overall.
I widened the head triangle and it seems the H&S pattern is still possible. Check it out and let me know what you think. (Yes, I do see the bearish big picture, we have a rounded top and/or a diamond and/or a Godzilla H&S happening since this started. However, check the H&S pattern).
Closely watching bitcoin as chooses between light and darkness, I wonder: what if? Inverse Head And Shoulders
Just came across the rounded top pattern while studying TA figures and found it alarmingly similar...
I made a somewhat long commentary on this 50k target reached. Pressed publish and lost my post. Great. Means I need to write less. #Bitcoin reached and broke the 50k zone after Valentine´s Day weekend. First it left the consolidation zone where it was dwelling last week (46-49k) then it made a healthy upward channel. Tested 50,000 a couple of times and... golden...
Yes. The EMA "golden cross" had a word here. Interesting enough, the florr of the new channel looks to be that value at which the EMA crossed donweards 2 days ago (feb10). Later on, meaning, the following day (feb11) #bitcoin´s EMA (20) made that sweet cross upwards. Here we see the results, so far looks like a healthy sideways channel between USD46,545 and...
Following up on $TLRY´s chaotic behaviour (yeah, that´s my excuse for a sensical sell off when I was dumb enough to be a buyer) it seems it will in fact follow the long term channel projected "as if" the pump hadn´t existed. Let´s see, please comment. Wish it hits the 40´s and its at 34. Not bad.