Long term trends don't turn on a dime, so if you're a bull you want the downward channels to becomes less and less steep to where it actually starts moving in an upwards channel. This chart shows all the main MA parallel channels bitcoin is following. The steepest resistance line (aqua) has already broken out of, next up is the light pink (less steep than...
Many indicators show that Sprint has reversed, including the most common retracement level on one of the most common indicators (Fibonacci). Another widely used indicator is symmetrical triangle/parallel channels/trend lines. Same goes with MACD, RSI etc. The bad news is the long term wedge Sprint is in doesn't come to a point till 2019. It doesn't HAVE to...
I made this to explain to a group about long term projections. Figured I would post it here. The time frames shown for each path are not to scale (could take 2 months could take 2 years) As more information comes in over time we'll get a better idea how fast these moves will happen. Currently we are testing a long term trend line, also at the same time we are...
We completed wave 5 of the 2 year long elliott wave and are currently in the correction ABC phase. as long as we remain in this triangle on the daily candles (above the support line) we are ok to continue upwards. If we fail to remain inside we will most likely drop to the outer support trend lines.
Easy to remain bullish like any stock when it's near it's top but the reality is that the most common retracement is the .382 fib (62%). Hopefully at the worst we only drop to the .5 fib which keeps us in the long term uptrend lines. Please comment if you agree or disagree. I'd simply like to know if I should use my time posting here or just in my channel. Hope...
Pivotal point around the $112 level. Already corrected the necessary 22% in a bullish market however the most common retracement is down to the .382 fib. Hope this helps.