Overall market crash. At a minimum 20% correction down to the 200MA. Second scenario is a bounce off the 200MA to form a head & shoulders with an approximate 50% drop similar to 2000 and 2008. Bottoming around July 2026.
When BTC broke the $20,000 resistance back in December 2020 it never retested support. There are 2 possible scenarios to play out. Either a sharp drop to retest at 20k and could even wick lower. A large bear flag on the daily indicates this.
Alternatively BTC pump from the current trend and continue forming an acceding triangle. If this scenario plays out BTC...
The trend is your friend with APX. Has been respecting the daily trend since 2017. MACD is in a great position and the RSI is screaming oversold. Short term 17% target, medium term 38% target, longer term 65% target.
After a big push SPT has retraced nicely on the fibs. Bolinger is over-sold, RSI is oversold on most time frames, MACD ready to cross. First target 30%
China's SSE Composite looking scarily bullish on the weekly. A bullish symmetrical triangle on a strong overall trend. Hmmmmm could be fireworks. Maybe Trump really knows that America and the West are economically stretched and in threat. Check out DJI for the other side of the story.
Daily head & shoulders forming, broken off from overall trend. Bitcoin is in a confirmed down trend channel with a series of lower highs and lower lows. On smaller time frames (4hour) BTC is coming to a decision on a bearish defending triangle.
If the neck line of the head shoulders pattern is broken and a candle closes, this with the descending triangle could...
The S&P 500 is about to bleed after the head & shoulders pattern confirmed on the 4hr and daily chart by closing below the neckline. It appears price action will drop swiftly to the next big support line.
Aurelia Metals Limited (ASX:AMI) is fundematally a great company with little to no debt and is one of the lowest cost operations in the country.
Upside:
There appears to be a good entry around the strong .630 area as seems to be quite reactive.
Macd is in the right position and looks ready to cross over.
Rsi is oversold and is ready to snap back.
Downside:
Low...
AURELIA METALS is a company with great fundamentals. No debt and is one of the lowest cost operations in the country.
Upside:
Really strong support at the .630 area which is also very reactive.
Macd in the right position and will be looking to cross over.
Rsi is oversold and is ready to snap back.
Downside:
Low volume
2:64 risk to reward ratio
23% gain for 8% loss
Price action will continue long until it retests the large residence before possibly confirming a trend reversal. Could possibly be a 30% correction. More information in february.
