Potential bear pennant being formed on BTC/USD. Bids set around 6300.
BTC pair is reaching a possible high yield buy point, although the USD pair looks like it could easily drop another 20%.
$NFLX up ~25% the last week on reducing volume and osc's maxed out on most time frames. 330 would be the optimal entry which will hopefully get tapped leading into the earnings report, however, I have prematurely entered at 320 with 40% of trade size as the daily PA looks toppy and I called it early last time (see related). Targetting: ~274 SL: ~350
$NFLX up ~25% the last week on reducing volume and osc's maxed out on the 4H. 330 would be a sweet spot which will hopefully get tapped leading into the earnings report, but this leg looks tired so will most likely enter 50% here.
Higher risk and against the trend, however, the price looks bottomed here and considering the random pumps on other 'community coins' the R:R is good here. Extra Info Plan to increase position if >300 becomes support. Verge twitter - 306k Follwers (~300 likes on OC) Verge Reddit - 55k Subs (~700 online today) Technicals 1D 50/20 X-Over Higher lows ...
An S/R flip here would be nice. (Publishing for chart space)
Square pretty over-sold on the weekly (so are many stocks just now though) which was followed by a $35 - $100 run last time, so might consider a long after the weekend. Dream target is highlighted. > Will be looking for positive Bitcoin moves that could influence this increasingly crypto focussed company in the long-term. > Cashapp downloads are looking good,...
Bitcoin market cap surpassed that of Goldman Sachs and then after breaking the parabolic advance Bitcoin dropped 70% from its ATH. Netflix market cap surpassed that of Disney, the right catalyst cause a break of the parabolic move and offer a great shorting opportunity. Entry Break of the parabolic advance and fail to create a new high within a reasonable...
Possible Gap -> Gap short opportunity after its downtrend after major parabolic advance was broken. 385 proved to be significant resistance before, I will be hoping it can yield another great trade again but with greater results. 332 would be a logical TP, then filling the gap at 227 would be my short target, the gap at 194 (where decent VPVR backed support is)...
Bearish outlook for two reasons: Price has so-far failed to close above the key resistance/support level (red) despite numerous tests. This has proven to be a key level which can be visualised in the 1D chart below. has failed to close above the .618 fib level (blue), the only test resulted in a strong rejection. Historically cycles have reversed at the...
After suffering a considerable downtrend EOS finally broke through the 20 day moving average which has acted as resistance since June and is currently testing the area after Bitcoin had a ~5% pullback. Great long opportunity if we get a R/S flip with a potential R:R of around 12:1, so no rush on entering.
Cronos has performed great, especially today amid a minor weed stocks sell-off but the chart is showing signs of exhaustion and fundamentally it is over-priced for its sector, despite being one of the few making money. FA Horizons cannabis fund $HMMJ and $MJ will begin re-balancing around September. I predict some of CRON will be sold-off to maintain...
During the world cup group stages bitcoin will form a 'W' bottom to shake out both long & short positions, this will clear the order books for the whales to re-enter the market after the final matches. If it commences early, we can assume their team lost and will likely rage dump on the market.
Shorts have only outnumbered longs on a handful of occasions this year without being promptly liquidated. The game plan A wick below the last low ($6400) would likely increase this ratio further giving the big players a perfect short squeeze opportunity. But it is a bear market? Regardless of the trend, a crowded trade should be avoided. For every position...
Indicators The large volume dump from 7170 to 6660 has skewed the OBV indicator. Similar to the 7250 range, the RSI shows the 6700 range to be a potential continuation zone, this is reinforced by the price failing to fall below 6635, however, a fourth attempt is likely to result in a breakdown. The MACD has almost returned to the same level as then this range...
Excuse the lack of reasoning, however: Quick, simple and pretty obvious BTC long opportunity.