dead4586

dead4586 Updated 

The chart itself says enough, is still very much in a short to mid term run. Wouldnt make a bad long as well... anything below 2.40 is a steal. target 3.50+. could possibly see 5$+. GL out there traders. disclaimer: just MHO.

dead4586 Updated 

RSI,MAs,MACD and Volume all suggest we are about to dump at the very least move downwards towards a correction. could we go higher? yes possibly, the halfing hype has always made people irrational, but your placing most of ur faith in just that. hype.

dead4586

nice larger triangle forming, buy price anything around .65 sel price .80-1$. GL

dead4586

absolute best case scenario, we keep pumping. as long as we stay above the cloud i think that likely, if we break into the cloud then we could bounce off the support, if we move under the cloud (most likely n what im banking on) then a new smaller down trend will start to continue the current larger downward trend following the nice triangle pattern and we moon...

dead4586 Updated 

decending wedge coming down from previous top, quarantine easing up oil will soon be back to normal!

dead4586

When in doubt, zoom out. Lets look at the bigger picture here for a second. Starting with the DEMAs. The 50/200 DEMAs show that we are/were at what looks to be the peak price 227$. if we would have broke out from the downtrend shown buy the (yellow lines) it would have been a strong bullish indicator. Since we did not id expect a few more drops to come after or...

dead4586

Lets be honest 25-30% of the companies in s&p are gana take some hard his because of the quarantine, RSI is high enough for a drop and we've broken an ascending wedge. Looks like trumps strong arm market prop is about to give out if not now some time later.

dead4586

Lets talk about the channels first. Clear as day downtrend channels, the question is when will this trend be broken. The purple channels show a longer term down trend, only crossing the mid purple line (in up direction) when RSI indicates a greedy/overbought market. Inversely it only crosses the mid purple line (going down) at around 40 RSI indicating that it is...

dead4586 Updated 

based off the RSI and 1 year death crosses (which have never been wrong) we are still very much in the down trend channel. Be patient unless your in the game of short positions. long term we have a little more to drop for a correction before the next bull market. dont let the 1day,1week,1month fool you. when in doubt zoom out. Remember the halfing is around 30...

dead4586

simple as it gets deathcross fake useless pump into the bear market. it never fails.... peep the RSI below 40 almost the who time. the question now is how low will we go. altho with a near perfect wave form i think long term will be more than ok (10,20 years)