Looking at bitcoin here we have a Elliot wave cycle that has completed as you see we have all five waves and that usually means now it’s time for a corrective ABC wave. I have two possible outlines for the potential target, but each one is deeper than most people are considering. All the dip buyers want higher up like 10K to 12K. I believe 6K is max pain for all...
Wondering when Bitcoin will Moon or Doom? Here we look further out to the monthly and history of bitcoin since 2011. Do note looking this far back is for major swing and position trades. We have an ascending channel along with a symmetrical triangle. Until Bitcoin finishes this pattern we wont be doing much except bouncing inside the triangle. This creates...
NYSE:ACB looking to make a run, breaking inverted head and shoulders neck line. Of course always keep a stop loss mark below trend line. Has two possible targets starting at 19 then moving on to 48. Pattern: Inverted Head and Shoulders Fundamental: A democrat ran office could see some favor towards the marijuana industry though nothing has been said as of yet....
HArmonic on SPX with Gann Fan. Originally squared to .618 but prefer this pull better for personal reasons and a similar price target by date. This is more for fun and not trading based on this. Will be fun to watch
Falling wedge formation with divergence showing on RSI (oscillator is moving upward as price downward trends). Two options here. Buy the bounce off the dip and set stop-loss to break even or wait for break out and ride the wave. Down trend could continue further so always trade with caution. -Important to remember we are in overall downtrend and that the wedge is...
Looking like a very attractive falling bull flag. Volume is contracting towards the apex, a break out confirmed with volume spike should see us target the the all time high and possibly further. Interested to see this play out.
We have a clear symmetrical triangle formation here. $ADA is coming form a downward slope but a higher low before the triangle should count as an uptrend. Only concerns would be volume which only just started contracting at the apex but held decent around the body of it. The contraction is what we want there. -If breakout above resistance then enter with long...
Descending triangle is being formed. horizontal support with lower highs. This is a bear continuation. A higher pump above previous run 9,9-10k would cancel. Any reversal below last high will see us complete the triangle and move much lower. Descending triangles can see continuation declines that match to the length of its widest point in the triangle. For $BTC...