Note: chart is not showing full trend, scroll down and to the left to see the full pitchfork trend. Are we at the bottom? Either at the bottom or close to it. Zooming out we see (1) the RSI indicates we are "oversold" at levels only seen during/close to market bottoms. (2) The long term upward trend channel for BTC also suggests we are in or around the bottom...
Prior targets were off slightly but still got in out and with them. Fine tuning the wedge lines to be more conservative the targets now are buying @23.07 and selling @24.40 for a quick 5.6% gain. If this wedge bounce happens, I think it will be the last one that is worth risking missing out on the breakout. It might not even be worth it at 5.6% because the best...
Short term this wedge pattern looks like a promising target to buy once it reaches support. If I had any DAL that I bought cheap I would be selling right now, or hold any long term assets since this is a very short term pattern that is high risk if you are at a loss.
Amazon is showing no signs of reversal. It is continuing inside the upward trend limits started in 2005. The target is somewhere between 2000 and 4000 by the end of the year. Considering how Amazon is booming as an online business during this stay at home period, a period that will further cement online shopping behavior, we should expect this stock to stay within...
We have seen 4 runs in the last month for XRP starting around 20-25 cents. If you look at the preceding pennant flag runs, the Fibonacci targets end up just under the 1.618 fib level before falling back down. Following this pattern, the next fib level is around $4.17. Confirmation when $3 level is broken. Target: $4.05-$4.20. Sell above $4, buy back above $3...