Bitcoin has crossed above the 200 Daily Moving Average but has had a love/hate relationship with it since last summer. Once above 9000, I will be more convinced. Use a trailing stop if you're long.
The real question is will it hold the last low? What do you think?
GILD- If you didn't hear the news, yesterday Gilead labs were accredited with a drug that has been positively treating COVID19 patients. I checked the price and it is very expensive already. I had a look at the chart today and noticed that the last time this stock crossed golden (50/200 MA) on the weekly, it skyrocketed. On top of that, it held support like a...
Don't FOMO! And be disciplined, take your profits now.
My target is at the 1.618 extension of the wave formed by the Dec 2018 bottom to first peak. I'm not saying to short there, but use trailing stops and proceed with caution. Possibility of another swing up is very much a reality but it would need to jump above that 1.618
200 weekly moving average/demand zone/.618 fib
Time to short the death cross, targets are 50 weekly MA and 200 weekly MA
Clean reversal off of the majestic .95 and a higher low on monthly. It it breaks the .95, I'll say a few prayers for the jewelry business and walk away.
Aged well. Let's see how it holds. Ready to buy again at 1 fib circle line
This also aligns with support on many time frames and the short term bearish/corrective price movement. Would also give us weekly consolidation that we need. Join me on discord: discord.gg
Major Fib needs to be breached so keep an eye out before going long.