Goldilocks and the 3 Bears! After 3 consecutive bearish "b" shaped prints, ES is finally showing buyers stepping in near VPOC 4483. A break below 4471 has supports at 4458 and 4449. A breakout above VAH 4485, and we could easily retest that 4509 for the umpteenth time recently. Next resistance above 4509 is the weekly VAL at 4516. Expectation: look for price...
SPX Intra-Day Levels to watch: For the Bulls, a breakout above 4469 has 4476 Resistance. For the Bears, price would need to lose 4457 with 4444 as the next Support level.
SPX has been in a downtrend since July. Nearing the 66% pullback or 61.8% Fibonacci. When this retracement concludes, there is a gap to fill above at 4556.
Using 1.272 Fib Level on the 12h Tf. This gives 76K as probable Price Target.
So full disclosure, this last retracement has given me a bit of trouble when it comes to labeling... That being said, I used a combination of classic TA and Elliot Wave Theory to get my targets. A measure of the Bear Flag gave me a Buy-Back Target of 62700. Validated by the prior wick to 62800. Price finally wicked down to 62300, and settled at 62719 on the 30m...
I installed a Bobcat Helium Network Token Miner around 10/10/21. Prices for HNT were around $17.50 at that time. And the price has exploded upward. Currently sporting an Inverse Head and Shoulders. A measure of the Head Top to neckline ( or simple channel measure from top to bottom) gives a new target of $68.
Looking at the 8h chart and I think FTM is due for an ABC correction. The last one took 2.5 days to complete before resuming the uptrend. This would correspond with the dip action we're seeing from BTC.
I was just about post: Gosh, this FTM Wedge looks bullish af.... when this happened!
I've been charting Bull Flags and pennants on this puppy for days! First Target: 0.000053 is on lock. Followed by 0.000055 as suggested by the Flag Breakout / measure of the Flag-Pole. Cheers Fantoms!
Folks are trippin' on the dip. But don't be fooled. BTC has found support on the SAME lower trend line that formed October 6. The path back to 67K ATH territory is clearly marked. This lower support has held - and been tested - for a while now. I did not expect BTC to launch from it's first ATH since May. A retracement here is still consistent with an...
Target Exit for DOGE is 0.24 Based on a blue arrow measure of the rear of the falling wedge. 2nd arrow placed at the breakout of the top trend line. And away we go. I will do some more TA to find next targets or exits.
BTC needs a decisive smash of 56500 (0.618 Fibonacci Retracement Level) before it can head towards 58K. I don't see a good amount of Volume here. FTM is flat. And ETH is barely starting to play... So we need that volume push to get this going. I expect a retest of the top trend line of the rising channel at 56K. Or even a retest of support at 55700. After...
BTT is up to bat next. Nice pennant w/ a breakout. Let's see where it goes next. I'd say more about it but I'm at the end of a long trading day. Caffeine jitters, eyes bloodshot and stinging... I love it when the alts take off!
FTM w/ a beautiful upside break. 1.64 was my entry. I trailed my stops (red lines). Green lines represent entry / re-entry points. At 2.35 (blue line) I set a 5% trailing profit stop and went to bed. FTM respected the 45ema on the 1h chart - which I used as bottom Support. Blue Arrows represent short term (15m and/or 30m) flag-pole measurements to price...
FTM has been a reliable canary for BTC movements all year long. NOT *FA: If this trend holds it could signal a nice reversal for BTC and the Crypto market as a whole. 1st Target: $1.64. I am holding. But I would not enter a trade until BTC confirms a trend reversal. Good signal would be a break above 43300 and hold as support.