TenaciousH

TenaciousH

BTC has repeatedly confirmed various levels above the ~$6,500 s If this support and has shown serious bullish strength since breaking above the Mega DownWedge of Summer 2019. So far, Phase E is holding through this DownWedge. If this holds, and this strength continues, the next stop up ($8,000, 8,200, 8,400, or 8,900) will be followed by a big sell off we should...

TenaciousH

This market was created by it's reconfirmation of the $6,500 value support of the previous market (A) followed by a messy confirmation of $7,300 or so. A few confirmations of $7,400 and euphoria launched prices way upward into overbought territory (B). The market has been recovering ever since, reverberating a few times through a declining wedge (C, D, and now E)....

TenaciousH

The broader market downtrend since Summer highs is colliding with strong $6,500 support and forming a downward wedge with potentially extreme volatility to see which one wins out. A drop through support here would look for the downward trend (dashed lines) floor, or even crash to $3,500. I expect a breakout to the high end during second week of January, with...

TenaciousH Updated 

Clear confirmation of last bull market support levels at $6,500 has caused a bounce into a bullish wedge preparing to challenge the high edge of the current market downrange. The next 10 days will determine if we see a breakout or a failure at $7,700-7,800 near the tip of the orange wedge. I expect a failure to $7,350 and a bounce back over $7,700, converting...

TenaciousH

Wild ride the last few weeks I hope you got some good swing trades in! BTC is currently caught between the previous market's support at $6,500 and the current market support around $7,700. The recent descent showed a strong bounce off $6,500. I expect another confirmation of $6,500 by the end of November, followed by a bounce back to $7,500-7,700 by Christmas....

TenaciousH

Recent Support at $8,400 could catch BTC with a quick jump inside this zone, preserving the golden cross setup 50/200. If not, and the 50 day again points down, we may see a drop below $7,700 and if thats the case, look out below.

TenaciousH

The 200 day will continue to rise and now with the 50 day finally turning around to the upside, we've got a possible Golden Cross setup soon. With support levels not that far down considering the upside, this is a great time to begin legging in for the next big spike. My guess is to see the 50 cross the 100 by first week of December and the 50 over the 200 by Spring.

TenaciousH

The HODLing Bulls are protecting $8,700 (if not we'll have a bear drop to $8k or $7,700) and have again defended the 50-day. Current pop could see another few tests of $8,700 but I foresee another bounce up to the 200 day.

TenaciousH

Profitable earnings surprise sent the price surging, and a recent price target published at $400 should see the top of Range C tested followed by more volatility between $300-400 until next Earnings. If next earnings is profitable again, we'll see another pop to the upside over $400 with new support at that point.

TenaciousH

Declining 50-Day plus the $8,700 soft support could cause a bounce over $9k back toward the 200-day. If BTC finds the 200 day again we'll likely see a Golden Cross w 50/200. If $8,700 fails, get ready for the fall to $8k or even $7,700. Wherever we land, it will be a bounce back up to whatever level is above it.

TenaciousH

I'm not selling - are you? The 200-Day will hold with discounts abound.

TenaciousH

Euphoria would have to take hold with major progress in China Trade, Brexit, improving earnings and guidance, etc, for the overall market to continue this pace without a consolidation. I expect a return to 2,950 around EoY 2019, but a rhythmic bounce up to 3,300 by May 2020. Election based volatility will have a major impact. If Warren gets the nomination,...

TenaciousH

Likes to consolidate after strength and return to growth after "W" double-bottoms. Higher highs could lead to a strong bounce off the current possible W Bottom test. I expect a bounce up to appx $125 and a return to appx $118 by February 2020.

TenaciousH

Recent buy post earnings reflects confidence, likely means strong Bull test of $1,300 w/ steeply rising 200 Day. Next stop may be $1,500 by Spring 2020 if not a breakout sooner than that.

TenaciousH

Inconsistent Earnings streak plus high newsdriven volatility and unclear trading range means investors are looking for a more defined trend. I expect the 200-day to provide further support and challenge $210 by EoY. Crowded space, but where else can an advertiser go other than FB plus the rest?

TenaciousH

EoY 2018 plus Canopy investment caused a fall out of long term range. An improvement in CGC (currently oversold) means a likely return to that range, which means a possible run to $240 by EoY 2020. Even if it doesn't recapture the previous trading range, it is at the bottom of this one. Expect a near term jump especially with CGC earnings coming up.

TenaciousH

Consistent buying, huge competitive moat, sharp drops fueled mostly by news. Strong support around $1,700-1,800 and resistance at $2,000. Expect consistent upward bounces to $2,000 until Summer 2020 breakout when the pennant fulfills especially of the 200 day follows it. Amazon's attempts to get by $2,000 has been undermined by obvious macro factors. Expect this...

TenaciousH

Possibly Overbought at $36, but the 200 day plus positive trade war atmosphere should protect $29-30 levels. After that, we'll see if the uptrend can push through resistance with a bounce from $31 into possible new highs.