It looks like BTC.D had its final push up and failed to breakout of its rising wedge. Altcoins saw a 25-35%+ decline in only a few hours which to me it looks like a final shakeout before liquidity pivots into ALTs. BTC.D has broken its 2 year bull run recently and failed to regain momentum.
AMC Currently retesting falling wedge breakout on diminishing bearish volume.
RSI showing bullish divergence.
OBV breakout on 2 hour chart.
MACD overdue for a reversal on multiple time frames.
MM's just banked on cheap put options after running this to $34 and halting back down. Now they will gladly take your long calls that they trapped retail on for...
Nice move for AMC which was expected since max pain for options was $30 for today's close. AMC closes the week with a bullish hammer on the weekly chart and closes above the 50ma. We are seeing bullish divergence of the OBV as well, showing institutions are buying even though price is declining. There are more hedge funds long than that are short on AMC. You can...
AMC has just hit it's Speedline support which we saw buyers enter with a small green candle. I added more at this level as daily action today saw big buyers coming in the $23 range. I expect a bounce up as RSI is a record lows. AMC tends to make a significant move upwards at these oversold levels. If you're long I'd wait until at least February 1st that will take...
AMC has been playing out the exact same Wyckoff distribution pattern that occurred in January before running up 10x. AMC has held the 0.618 Fib support line after seeing another Wyckoff spring occur. Based on the fractals I'd say at least a few more days of pain before seeing a reversal. Considering the short % of free float is roughly the same as it was in...
It appears momentum has now switched back in favor of the Apes. Closing the day above 50 MA on daily chart. MACD as well as CCI/RSI indicating a trend reversal. May see slight pullback at $43-44 resistance level and possible consolidation before breaking above. Retail shorts that entered in the 50-60 range are now covering their positions for profit slightly...
