UnknownUnicorn5323213

UnknownUnicorn5323213

Bitcoin is in an inverted head and shoulder formation which may or may not lead to a positive outcome. But the run for it will most likely happen. I'm expecting a short return to 10100 within two days, and while the whole chart is still incredibly bearish, it still looks like it could make a run for the 10700's (point "A" on the chart). If the stock goes past...

UnknownUnicorn5323213 Updated 

SPY managed to sneak past a major bearish pattern. Don't we all know how heavily this market is manipulated ;) The stock broke the top PSAR point on the weekly, then broke to a new high making it bullish until around October 28th +/- 5 days (from there big spike UP or DOWN). Will update if anything changes

UnknownUnicorn5323213

Breaking the lower PSAR point would (almost) finish the 'partial ascend' and reverse down lower underneath the main formation. If it does – prepare for low 9k. Will update later or tomorrow.

UnknownUnicorn5323213

(self explanatory)

UnknownUnicorn5323213

It really comes down to the area of consolidation to be able to say more. It's most visible on the monthly chart, where you'll see how the stock wants to touch the lower b-band line at some point in the future.

UnknownUnicorn5323213

Pretty self explanatory. But largely there could be a re-run for the 10700's area before going lower. More likely is a re-test at 10400's (and reversal).

UnknownUnicorn5323213

The chart explains itself.

UnknownUnicorn5323213

Nothing to say here. Clear as daylight.

UnknownUnicorn5323213

This is not obvious to you guys?

UnknownUnicorn5323213

Im surprised how many are actually long here. The smart ones will stop looking at the hourly-chart and start looking at the general direction.

UnknownUnicorn5323213

The above chart depicts the real trend of Bitcoin for the coming months ahead. And the best way to look at a 'Main Trend' is by using the "hawk-eye view" – in our case the monthly chart. We all know this formation and will witness ONE of the TWO possible outcomes that will end bullish (which I strongly believe will be), so it's never a bad thing to prepare...

UnknownUnicorn5323213

PANW was technically supposed to reach 160-167 on ER but instead decided to finish a failed intermediate formation (which is about to bust within weeks). It will be a confirmed SHORT if the stock fails to touch or cross the upper dashed blue line , if from there it falls below the last weekly candlestick, it'll reach 160 not too long after.

UnknownUnicorn5323213

The stock has since broken out above the main formation and is "generally" speaking bullish (for now), but first it'll have to clear TWO resistance points stated above. Two Scenarios: 1) If the stock manages to cross the intermediate trend line and cruise through both last highs, you're all good to go ('Neutral' to 'Buy' sentiment). It would allow the stock to...

UnknownUnicorn5323213

Check my previous chart on this. New low 50's within days/weeks.

UnknownUnicorn5323213

Let's look at the technical basics for the long run: SPY is in a major 'broadening wedge' formation, which is now likely to breakout to the upside. NOTE: SPY has been in a 'partial decline' for a few weeks standing before a potential breakout, or a (still possible) meltdown. For the partial decline to complete, SPY would need to touch or cross the (approx.)...

UnknownUnicorn5323213

2) SPY crosses the 50SMA and continues to even touch the b-band line. This would label the stock NEUTRAL and would require additional candlesticks to further evaluate Note: as long as SPY does NOT cross the yellow line – the stock will remain bearish to $280. When? I believe early next week.

UnknownUnicorn5323213

1) SPY attempting to re-enter old formation (pink-dotted line), reaches the 50SMA, bounces off and fails to touch the upper b-band. this would lead to a long awaited reverse to the new formation line (bold red line).

UnknownUnicorn5323213

The formation was 'falsely' started (and entered) from above, which poised the formation to fail (later on). And so we measure the excess above the formation, the "peak", and add it below the formation, as the "valley", but we subtract the top portion of the formation-bust "B1" from "A2" in order to account for the down-move. SQ under $59.89 is a strong-sell to...