Apple just warned on revenue guidance for 2nd qtr 2020. They warned they will miss the revenue due to coronavirus.
No doubt tomorrow, we will see a drop.
Level 1: It will drop to $307 to $310 range
Level 2: it will drop to $295 to $298 range
Level 3: it will drop to $280 to $290 range
Based on what happened January 2nd 2019, it dropped about 9%, which would...
Bitcoin daily close needs to remain above $11,500, otherwise we may see a drop to $9,500. Which won't be so bad and then it can remain in the $9,500 to $11,500 channel. Good for traders :)
Breaking it's resistance and taking a little breather is good. Dropping to $10,500 and then bouncing to $11,900 as of this writing, is a healthy sign.
It will probably bounce back to $13,400 range and still in the $10,500 to $13,500 channel for a while
$175 was a bottom based on prior support back in March 11th, 2019. A bounce is being shown today. We need to get back above $192 which is the crossing of MA-50 and MA-200. That would get us back over $210. Probably could take another 2-3 months to return back to $210, because of summer months; However, September around the corner with iPhone new announcements...
I couldn't help but see that AAPL is forming almost exact pattern it did as in the February 1, 2018 earnings.
1 week before it went down heavy and then after earnings it went back up.
Thoughts?
Last week, we had a major break out after Thanksgiving weekend. Bitcoin price reached $11,400. We then had a flash crash of 18% which brought us to $9,200 (and some exchanges had upper $8,000. The recovery was very quick, a matter of a few hours. Then a few days past and boom! ABOVE the ATH.
If history repeats itself, this breakout we just experienced yesterday...
