1. Monthly Chart shows the same RSI oversold conditions as the high in 2007 time-frame (79 RSI) that led to the 2008 downturn. a. Current chart shows the same oversold conditions in 2018 (80 RSI) which are leading to the now late 2018/19 downturn. b. Retracement was roughly 50% during this past market collapse because support were the 2002/03 levels and RSI of...
GE has broken out of it's descending channel and has now shown a strong reversal and bullish indicator. This first quarter will be a beast as the new CEO takes reign and focuses on balancing the books. GE will become the comeback kid of 2019!
Self explanatory....great opportunity in the next week. This is a short reversal that should be capitalized on.
Re posting my original chart from last week to educate folks. Be aware of the risks in this market and understand where key levels are that show a reversal.
Follow the 1, 2, 3, 4 logic. Pretty simple to see great things on the horizon for EOS.
Pretty self explanatory...if you are not using at least these 3 indicators....you're screwed.
Made the chart self explanatory. This is a SUPER key point in BTC's life cycle...if it can't break the descending price channel it has been in (all of 2018), it is going to drop, drop, drop. PAY ATTENTION FOLKS!
29 December Aphria chart being updated for the final time. A Bull run is on the horizon. Made sure all angles in the downward wedge were the same. The result updated the timeline. I hope this new will break us out of the descending wedge the stock is trapped in.
Cleaned the chart up from the original chart I posted a couple hours ago, came back from a break and noticed I built the 1D chart...never zooming into the 2 hour view. Real ugly. Anyways it's pretty self explanatory!
Here are the price points I calculated based on the descending channel we are currently in. The overall view takes into consideration the starting point of $1.26 with the high of 18.65. I then moved the chart to March to see where the average price was(gray dotted line down the middle. Triangles fit within the descending channel and helped me calculate the 5th...
Wake up! It's obvious from this view that no matter who states otherwise... BTC IS FALLING! In order for things to improve a few things MUST happen: 1. Break above the current 50 EMA calculated by the 1D candle. This will act as the first resistance level . 2. Break above the 100 EMA (same logic as above). 3. Break above the 200 EMA (same logic as above)....
Wake up! It's obvious from this view that no matter who states otherwise...BTC IS STILL FALLING! In order for things to improve a few things MUST happen: 1. Break above the current 50 EMA calculated on the 1D candle. This will act as the first resistance level for upward movement. 2. Break above the 100 EMA (same logic as above). 3. Break above the 200 EMA...
If we break these 3 levels, we should see new all time highs.
Self explanatory chart....Bull Run coming with three possible upward movements at key support levels which can be supported by the 50, 100, and 200 day EMA's ranging from the next week to next month. Win, win, and win situation! Get into the Canadian Weed market now while the U.S. market tanks in 2019.
Update....believe the bottom support level is here and we will see the end to the consolidation with new ATHs in the coming months.
I looked once last time after utilizing the 50, 100, and 200 moving averages and adding a massive Elliot wave that encompasses months worth of price movement. The good news is that no matter how you look at it, this stock is bouncing predictably off of the upper and lower price channel and showing a general positive movement. Those 50,100, and 200 EMA's along...
Pretty self explanatory chart....we are approaching our first key support level...if we break below it then the 2nd scenario would play out, etc. Yes, in every scenario it is a Win, Win. Stay in the Canadian Weed Market. If you aren't in it yet, GET IN! The majority of U.S. stocks will be impacted over the entire 2019 during the massive upcoming DJIA correction.