shazzan

shazzan

still think we have a ways to go to that bull market. the market will likely bore the hell out of speculators.

shazzan

looks like a short i like the company tho :(

shazzan

If this pans out I could see this dropping to $58 . Not actually shorting but I would be a buyer at $60

shazzan

Looks like its making a bear flag but its bouncing off the 100 day it got through the smaller channel . still pretty far from the bigger channel. Still in a down trend I still think around $4500

shazzan Updated 

Looks like we are close to the end of the run up MACD still looks bullish . However its at the bottom of the wedge has not yet crossed resistance at the top of the smaller trend. Thought i would post since everyone is so bullish atm. the bigger picture doesn't seem to confirm anything other than BTC is going down. also volume is down and levl 2 orders on bitstamp...

shazzan

Bear flag almost complete btc is heading to 82000 pesos

shazzan Updated 

based on this Massive H&S you can clearly see that 220 would be the next target

shazzan

I can see some resistance around $300 on the way down creating a massive H&S and landing in the $11 range

shazzan

looks like the big bear flag is creating a mini bear flag !

shazzan

Cup and Handle! because everyone likes a bullish Bitcoin

shazzan

jack did say so

shazzan

Who knows why BTC does what it does. I think a majority of the market cap is still Dumb Money. Most of the smart people are out or shorting it. seems like some mornings we get a boost maybe the DM's are buying after hours and it gets a boost? No idea really doesnt matter. I dont think its go long time and the bear flag is still legit.

shazzan

So if this mini H&S pans out it should extend enough to create a second larger H&S in purple below that bringing us to the lower resistance line in green

shazzan

He traders just wanted to share what I am thinking on BTC . As you can see its formed a wedge, The last 70% is a indication that the break out will be to the down side. Also notice the MACD is showing bearish signs and widening another conformation.

shazzan

We broke out of the bear flag and looks like we can see some further lows

shazzan

this stock is likely benefiting from the bull momentum in btc

shazzan

huge bear flag in S&P

shazzan

Looks like i got stopped out. I still see a bull flag however having a larger candel next to the smaller one isnt looking great. not to mention we dropped below key supports. if we close below those supports $8500 looks to be the next resting spot.