TheGreatBatsby

TheGreatBatsby

Nasdaq is facing serious resistance at the hourly 200 EMA, something I'll be watching closely. Could be early sign the bears are taking control. Always remember who your daddy is, J Powell.

TheGreatBatsby

What will happen to markets when the dollar bounces off 2 year lows? Stay tuned.

TheGreatBatsby

Anyone need any Dandruff shampoo? I've got plenty of Head and Shoulders if anyone needs any.

TheGreatBatsby Updated 

Make or break time for NKLA. It will more than likely test it's previous support trend line, the test will confirm it as resistance now and signal a longer term bear consolidation period, potentially going much lower. It will probably continue to hug the previous support trendline, now resistance trendline until the stock (which is turning up right now) gets...

TheGreatBatsby

Like I was predicting earlier today, Nikola broke down from it's bearish consolidation period. Support is still at $33, but with warrants jumping in price to $27 this implies a $38 stock price for Nikola. It's good to get this bearish consolidation out of the way, and good to get the warrants out from hanging over its head. Now its time to build support.

TheGreatBatsby Updated 

It pains me as an early VTIQ investor to say this, but the chart isn't lying. The TA shows an extremely bearish set up, with support around $33. Decision time for me on whether to sell warrants or not.

TheGreatBatsby

Wow, extremely powerful move here. Price target is still in the $28 range. From here, I'm going to start looking at longer term directional plays following this move.

TheGreatBatsby

Wow, $SPCE has broken out of its ascending broadening wedge to the upside, this typically only occurs less than 25% of the time. The fundamentals on Virgin Galactic are propelling and controlling the technicals at this point. This is extremely bullish, and as long as it continues to respect the support levels being put in, it's a potential blue sky breakout.

TheGreatBatsby

Cup and Handle on SPCE, $28 measured move target

TheGreatBatsby

SPCE is coming down to test the the previous resistance of the breakout trendline. This is typical of breakouts, and if it bounces from this point, I'd say we are cleared for higher. If it gives up the range in the oval, this will turn into a failed breakout and SPCE could see much lower prices unfortunately. FWIW, SPCE moves with the indices pretty...

TheGreatBatsby

As I said on monday it was coming, and look at how beautiful the break out formed. Now everyone is trying to claim they identified this huge accumulation and breakout. lol High volume on the break to carry it through and build momentum. It's good to see Virgin Galactic get out of this consolidation period, and now it's time to retest previous highs at $42

TheGreatBatsby

HOLD ON FOR THE RIDE. Huge accumulation happening for the past 3 months. July 31st is the reveal of the interior of the space ship, and Aug 2nd is their earnings report, where they will more than likely announce they have received FAA certification, AND have scheduled date for getting RB into space. This confluence is extremely rare to see in an asset.

TheGreatBatsby

Went ahead and did the analysis, again BTC has never been in a bull market and had two death crosses this close to one another.

TheGreatBatsby

We are about to face our 2nd death cross on the 4hr time frame. It's important to note that during BTC's prior bull markets, BTC never received back to back death crosses on the 4 hour time frame within such a short time span. The projected distance between the death crosses is roughly 28 days. Again, this has NEVER happened in BTCs history of bull markets. But...

TheGreatBatsby

Continuing the prior blow off top comparison between 2017/18 and 2019, we see Bitcoin is now being control by the 50 EMA on the 4hr. It came down off the first 50 EMA test, bounced back, and then tested the 50 EMA again but was finally rejected with strong follow through from the Bears. People trying to compare this to the consolidation periods during...

TheGreatBatsby

So we got the test of the 50 ema, now expect a pull back to around 9850-9900, followed with a 2nd test of the 50 ema, and then potentially a much larger pull back.

TheGreatBatsby Updated 

Look for a test of the 50 EMA, could move up to around the 10100-10200 range, then probably more continuation to the downside.

TheGreatBatsby

The current fight over the death cross is very reminiscent of 2018, following the blow off top. The most important thing I have noticed is how aggressive the bears have become to sell off into any rally attempting to prevent the death cross.