NASDAQ has been outperforming all the other big indices and it's pretty impressive. The series of higher highs and higher lows keeps going, and by the looks of it NASDAQ will print a higher high by the end of next week. That makes the NASDAQ the most easy index to trade in this volatile market.
The CHOP index has been charging up for a next move. If the previous...
ETH has had a nice run up after the massive drop due to fear of a world recession. I went from 88 USD al the way up to 177 USD in just a month.
As we speak, ETH is dropping after printing a higher high the last few days. It touched the 0.236 fib level, and bounced back up for now. The 0.236 fib level has a nice confluence with the yellow trendline, following a...
OPGEN is one of those stocks which could be a nice buy during these bearish times.
Some info about OPGEN: OPGEN will take over the company Curetis and merge in the near future. Curetis has developed a testkit for the Corona virus. Curetis has increased significally. This info could be the reason that OPGEN is currently in a daily uptrend.
As you can see, there...
These past few weeks has been really bearish! The C&H pattern did not hold, and we broke down (see previous post). This break down started a very steep decline in price.
In the chart above we can see BTC dropped almost 53% towards 3800 ~ 3900 USD. It broke right through the 100 and 200 weekly MA. There BTC got a lot of support from a high volume node, before...
BTC is still performing well in the pattern. The Handle is shaping well! A 15% drop from the resistance of the cup would be at the 0.382 FIb level. If the 0.382 fib doesn't hold as support, than I would say the pattern becomes invalid. BTC is currently at the upper trendline of the handle, keeping a close eye to look if it will break. The CHOP is high and charged...
BTC is following the C&H pattern smoothly. It made the first bounce of the 0.236 fib level, touching the upper trendline of the handle. As the RSI is trending downwards, it seems more likely that BTC will drop toward the lower trendline of the handle and continue the pattern. This might also print a higher low on the weekly.
CHOP index is also building up,...
SNE had a crazy run like most other tech stocks, but it looks like the chart is out of energy. It's at the lower trendline of the upward channel, but I do think it will break the trendline and retrace to at least the 0.236 fib level. SONY has the Playstation 5 planned for this year and made a strong move with their new VISION line for cars. The Fib level will be...
Looking at the daily chart, you can see that BTC is forming a rounded bottom. Rounded Bottom often continue to shape a Cup&Handle, which is a bullish chart pattern. The Handle would play out well at the 0.236 FIB level. Confirmation of the pattern would be a break of the upper yellow trendline and would be a nice entry for a long! This would be in confluence with...
After the long downward channel breakout, BTC/USD started to form an ascending wedge, which is a bearish pattern. A confirmation of the pattern would be the break of the lower trendline.
On the bullish side, the golden cross is starting to come closer as the 50MA is closing in on the 200MA on the daily chart. However, chart pattern rules over MA and I think we...
DISNEY found strong support at the fib 0.382 and the 50MA. It printed a higher low on the weekly, and is looking to close above the fib 0.236, where it may continue in the yellow channel. CHOP is high, which could indicate a strong movement.
MU formed a Shooting Star on the Weekly chart. And looks like a Pipe Bottom is shaping. This could signal more bearish movement, at least towards the 0.382 fib level where it may find enough support and consolidate. Looking to buy at that level if support shows strength.
