MikeMM

MikeMM

Bullish divergence on the RSI 4 hour, potential double bottom with easy to strategize stoploss just below the recent lows. looks like that breakaway gap may never get filled.

MikeMM Updated 

Looking here, I think unity is a great opportunity if we get to these levels. I wouldn't pass this chance up, I would at least take a small position. This is a 786 retrace of bottom to top, and also a shark pattern

MikeMM Updated 

Ive noticed that were about to enter overbought on the RSI 4 hour. Interestingly, when it becomes overbought for the first time on the 4 hour, it generally puts in a couple more overboughts in a row. This suggests to me that the dollar is probably on the move. Ive thrown a random harmonic which is incomplete, but a possibility... The weekly MACD shows tripple...

MikeMM Updated 

Everyone who missed selling the top is now going to do so. This is their way out. Retest at the 886 is an eventuality IMO. I rode bottom to top, now top to bottom.

MikeMM Updated 

After failing to swing higher than the previous high, with every single bullish news event that could possibly happen, it really makes you wonder if it will even hold 30 bucks when it gets there... Ill take a shot at the double bottom, but I have severe doubts.

MikeMM Updated 

Rising wedge, weak bounce, 886 retrace? yes please.

MikeMM Updated 

RSI massively oversold on daily, macd showing bullish divergences, shark harmonic completed, doji candle, at an inflection point from a prior major swing high near the beginning of this asset... I havent been able to hold this more than a few days in the past, hopefully this times different. Ready to cut it if need be.

MikeMM Updated 

This may not work, because the 200 week SMA seems like the best support in this scenario... HOWEVER, we have massive bullish divergence on the MACD, the RSI is oversold and also starting to diverge, were at a reasonable support, and the rest of the market is rallying. ALSO - cocoa futures and sugar may have topped, i think this helps here...

MikeMM Updated 

For those of you who are used to only seeing the bull thesis, just flip the chart and it makes more sense. No?

MikeMM Updated 

Three Black Crows candlestick pattern, and big time bearish divergence on the MACD, this has been a superior run. I think that a retest of the 200 day SMA is in order here, which is also around the .386 fib. It could go lower of course, but its really hard to bet against warren, hes just too good.

MikeMM Updated 

Looks like the bart is a real possibility here. This pattern is famous by now, you all know what it is.

MikeMM Updated 

Bearish divergence on the hourly, everything had a chance to break away today but the herd has decided to continue selling. good luck out there.

MikeMM Updated 

Descending triangle, useless token, panic is coming, because every holder knows deep down that it is worth nothing, and they're only hoping a greater fool will buy.

MikeMM Updated 

Massively oversold on the RSI multiple timeframes, Nikes not going anywhere folks, this so called recession still avoids us. Im in. Buying today.

MikeMM Updated 

Id be a buyer down at those levels. I do think there's a coinflip chance we get it. so not shorting, but waiting in cash.

MikeMM

We also have bullish divergence on the macd. Originally i thought we may see lower prices, but with the price action, paired with youtube and twitter sentiment being at all time lows, doomers everywhere, I will take the other side of that trade. LONG

MikeMM Updated 

Looks like a reasonable place to long, pattern completion, around key support, consumer staple in face of recession... ill try.

MikeMM

Look at this divergence in the RSI and the price... Were pretty much at rock bottom here, ill take a shot.