Ravich000

Ravich000 Updated 

Crazy how perfect it is and measured move is confluent with the target of a huge Rising Wedge that broke down over weekend. But then fakeouts do happen but this is exactl where one would be looking to open shorts on this pattern (assuming 55h gets rejected and we get some confirmation like bearish engulfing candle on small timescale). I'm only saving this because...

Ravich000 Updated 

After a very deep retrace SOS is holding critical historical support and showing Bullish Divergence on daily MACD, momentum is about to go positive for the first time in two months. Watch for a breakout, this one could be explosive with $6.4 and $8.4 targets for 40% and 80% profit from current price rage (and then there is a gap fill just below $10 confluent with...

Ravich000 Updated 

Good to see another higher low and bounce at the trendline. Still no real relief rally happened and measure move down to 45k is certainly possible but holding above 55k support/resistance is good. No real help on oscillators on any timescale but a lot of altcoins (LTC, BCH, BNB) are showing bullish bias so the market as a whole didn't give up yet.

Ravich000 Updated 

We have some small 4h Bullish Divergence on 4h RSI so breakout could happen soon, entry on backtest of that downsloping resistance. Much better entry area would be in single digits but let's see where (if) it actually occurs. Bullish f it can rally and break back above $12.3 resistance, otherwise probably headed towards $9 where we would look for another entry...

Ravich000 Updated 

BCH looks pretty strong, one of very few clear position trade opportunities I see on the market right now sitting right at the entry. If 1k and 1.2k get broken convincingly you would think the the next target is around 2k.

Ravich000

Fun little structure on small timeframes, with BTC probably headed to test $58.5k, $282 is where everything would converge for LTC. Could be a scalp opportunity for longs or short entry once target is reached should this play out. Bullish convergence on oscillators implying continuation but then again those small timeframes are not very reliable in general so...

Ravich000

Posting just for fun, those small timescales on BTC have proven to be pretty unreliable for scalps those past couple of days. BTC would need to get above 65.5k to invalidate this bearish argument.

Ravich000 Updated 

Hidden Bullish Divergence on daily MACD & RSI could still be in play but GUSH would badly need to pivot here and now. A lot of confluence (Fib. level and measure move) around $109 making it the perfect target for longs. Right now it looks very much like a coin flip but recent technical breakout on crude oil gives the industry some hope. Cautious traders would look...

Ravich000 Updated 

Very easy to manage risk here, 58.5k could still happen.

Ravich000

58.3k target, bearish scenario didn't play out so it might be time to reposition for this short-term bounce.

Ravich000 Updated 

Target of that large Rising Wedge breakdown we observed yesterday is around 45k. This is exactly where a measured move of this small-timescale Bear Pennant would take us. Bearish divergence on 1h MACD, negative momo on daily timescale only now just starting to build, not oversold on 4h anymore. Long target would be around 58.5k right now but in my opinion it's not...

Ravich000 Updated 

Bearish pattern in bullish conditions could underperform but if you were to trade this Rising Wedge you could be looking for a breakdown very soon. If BTC was to catch a bounce it would be here but nothing indicates that the selling is close to being done right now. As far as horizontal support levels go we are kind of in the middle of nowhere and there's no help...

Ravich000 Updated 

Potential resistance at previous ATH confluent with measured move of the triangle that we are trading on LTC. Note daily RSI in overbought area at level where trend reversed during local tops in January and February. BTC.D also looks ready for a bounce, approaching historical horizontal support in 50-52 range. This could mean either BTC running higher and altcoins...

Ravich000 Updated 

I'm expecting to see a gap fill sometime this year, low risk entry area around $20.

Ravich000 Updated 

Chart looks very nasty with that Head and Shoulders pattern AND daily bearish divergence with negative momentum only now starting to build again but we are supposed to get a test flight next month and I think we might see some support around $17. I believe anything between curent price level and that support (so $17-22) is a potential buy zone. I think this could...

Ravich000 Updated 

SLDN needs to hold current level but if it does and bounces it could be a nice high risk, high reward trade setup.

Ravich000 Updated 

I really hope this doesn't play out but SPCE is looking very weak with bearish engulfing candle about to close on the daily by end of the day. No help on oscillators, stock could go into freefall and lose 50% of current value very quickly if some positive news doesn't come out soon.

Ravich000 Updated 

GUSH is really beaten down recently and since it's getting shorted heavily I expect a small reaction soon. This would complete the the triangle before another leg down. daily RSI also at down sloping support. Entry $61.90, Target: $67.99. Quick trade that should play out this week. Stop loss below $60.