mukit1

mukit1

BTC had an excellent run for the last few months. Since breaking down from the upward channel, BTC has made a swift and bold recovery. But, in doing so looking fairly toppish at the moment. RSI is hot and looking to cool down. It doesn't mean it is going downhill tomorrow. The previous channel top and the bottom support of the recent recovery has created an...

mukit1

This is nothing new. Everyone is talking about the megaphone pattern on SPX and all the previous times this has happened. I have seen many charts on social media comparing various other times in history. Most of these charts are trying to make a fractal case, but comparing weekly charts to monthly or daily charts with 4 hour charts. The problem I have with fractal...

mukit1

Just simple support and resistance lines and channels. Plenty of support in the southern direction. Until supports break down, only overhead resistance areas are previous high, channel topside line and fib extensions.

mukit1

NIO is sitting on parabolic uptrend support line. Since early Nov, price has formed a potential head and shoulders reversal pattern. Volume signature also supports the pattern. If price breaks below diagonal trend line with higher volume and also breaks below horizontal support line then the pattern will be confirmed. Measured move from the head and shoulders...

mukit1

One hour chart tells the story pretty well. XPEV took off in Nov 2020 and created an upward trend channel (green).Since then it broke down from the channel on Dec 1st and on a downward channel. On Dec 4th price broke down below the purple uptrend line and should turn into overhead resistance. The blue 21 period EMA has crossed below green 50 period EMA. First...

mukit1 Updated 

PFE potential idea. Short term pullbacks possible. Long term looks bullish.