Bitcoin broke below the $3,600 support (on Coinbase). It’s now testing the prior order block between $3,580 and $3,540. Should this break down decisively (4hr candel opening and closing below), I believe a drop to $3,400 will become likely. Looking at the 4 hour chart, we can see the 8, 21 and 55 day EMA’s…
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Bitcoin broke below the $3,600 support (on Coinbase). It’s now testing the prior order block between $3,580 and $3,540. Should this break down decisively (4hr candel opening and closing below), I believe a drop to $3,400 will become likely.
Looking at the 4 hour chart, we can see the 8, 21 and 55 day EMA’s are converging with the 50 and 200 day MA. The Bollinger bands are also bottlenecking. This suggests a larger move may be coming in the next 24-48 hours.
In today’s video analysis I discuss where price may be heading next, traps to avoid and so much more.
Under Armour Inc. will report fourth-quarter financial results pre-market Tuesday. Analysts largely expect the quarterly report and the 2019 forecast to be inline with the forecasts provided at the company’s December 12th investor day in which they disappointed investors by forecasting low-single-digit-sales growth in North America over the next five years.
But that didn’t stop the stock from rising 17% in January, even received an upgrade from Goldman Sachs on January 22nd with a price target of $28. However, did the price rise to fast in too short of a span?
Analysts will be paying close attention to what Under Armour footwear sales and
Dash (Poloniex: DASHBTC) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Dash began a wave one advance in November 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in September 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Dash should be heading next towards the September 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the monthly chart, I believe Dash is currently in the red wave three (blue sub-wave
Five days ago I spoke about unusual options activity in Mattel,
Unusual Options Activity In Mattel
In 2018, Mattel’s stock declined about 33% in 2018. However, investors are upbeat about the company in 2019. So upbeat that the Smart Money is buying up a tons of the February 8th, $12 – $13 strike call options before the company announces earnings on February 7th.
Well, the options are now worth 3X to 4X higher.
Hasbro, Inc., together with its subsidiaries, operates as a play and entertainment company. The company’s U.S. and Canada segment markets and sells action figures, arts and crafts,
Ark (Bittrex: ARKBTC) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Ark began a wave one advance in March 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in September 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Ark should be heading next towards the September 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Ark aims to create an entire ecosystem of linked chains and a virtual spiderweb of endless use-cases that make ARK highly
TIMM (Traders’ & Investors’ Mentor Market) provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for. The Trading Pits are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets
Commentary from this past week includes:
Nice set-up to short the Aussie Dollar on the 60 min chart.
Equity markets should be headed higher from here….this is the Dow futures I was looking at and the level I liked.
“W” pattern forming on
TIMM (Traders’ & Investors’ Mentor Market) provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for. The Trading Pits are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets
Commentary from this past week includes:
Nice set-up to short the Aussie Dollar on the 60 min chart.
Equity markets should be headed higher from here….this is the Dow futures I was looking at and the level I liked.
“W” pattern forming on
For those who maybe missed my previous post about LITECOIN lately, just tell you that in my opinion there is no other big crypto showing better indications of REVERSAL than LITECOIN.
Actually, Friday’s BITCOIN rise was first leaded or noted by LITECOIN. LITECOIN showed the path and the whole market follow the trend.
Today, LITECOIN seems to resume the upwards trend.
Looking for a feasible EW-count we may have the following scenario:
Assuming the last rise as a (iii)rd wave, LTC seems resuming the movement upwards, building now the (v)th, everything ascribed within a 3rd bigger wave.
Conservatively, if we assume that waves 1
Bitcoin has managed to hold onto most of it’s gains over the past 3 days. As of writing this, $3,600 is acting as support once again. Volume has slowly dropped off as many are waiting to see if this was a bull trap. Looking at the daily chart, we can see price found resistance right…
Read on Trybe
