I've been following google for a while and have made decent trades with it. Right now, I'm leaning toward us finishing a move before a larger downside correction. The structure looks ok from an EWT standpoint with decent subdivision. Wave 3 target is sitting about $2430 before we start to coil and see a last move up to $2500 (or more).
I would say that Cardano has been one of the better performing assets of 2021 and it's going through a bit of a distribution phase if you ask me. It looks like we're in the making of a bear flag in a complex correction. We appear to be moving back to the 61.8% retracement which should put us somewhere between $1 and $1.02. This is where I'd be interested in...
TLDR: 2-4 year outlook here. need some more time before making a full decision to go into bear mode. We've been doing really well these last few months up until recently. Everybody making money. Euphoria. Now it's time to take a step back and look at the bigger picture. We've been discussing this internally for a few days now and looking at levels of...
Just like with my S&P 500 post from earlier today, this is a large analysis that goes back to the charted beginning of bitcoin. I take it a step further starting from when Bitcoin had zero value. Lets pretend that starts in January of 2009. (Short term, as of 2/28 at 4PM EASTERN, I am very bullish with the price action down here in the mid to low 40's) According...
While it is important to realize that we could drop at any moment, we also need to realize we are in a pivotal time in the market. There's a lot of history in here going back to the late 1800's. While everybody is waiting for an imminent collapse of the financial system and rotating into cryptocurrency such as Bitcoin and Ethereum, people fail to realize that...
The initial move up is very messy here as you can see in the chart. There's a lot of spotty price action making it difficult to get a great count, but what I can say is from the bottom in December 2020 to where we are today, I see a potential for a 5 wave structure on a smaller degree that has wave 4 nearing completion. We are close to the 50% retracement on my...
A lot of people out there are looking at the daily close and saying that we're bearish and we're going back to zero again. Be careful trying to aggressively short. Take profit on spot exposure, get some low leveraged shorts, sure I can get on board with that. Here's what I am looking at, however: First off, taking a trend from the lows in Dec 2018 to the high...
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. Oh boy look at ROKU doesn't that look juicy. Disclosure I would wait for a lower price to kick in. I expect a decent reversal day in the coming trading sessions. Keep an eye out for that! Right now this is why I have a bullish...
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. Starbucks looks to be trading at a discount and I believe it's ready for a slight pull back here after the daily open spiking up a bit. I assume a pullback to about $85 is likely over the next day or two then a trend continuation...
This is not financial advice. These are my personal views. Nothing in this should be taken as advice. Looking at the log scale going back to the great depression, there are several things that we can see. We've been in this channel for almost a century. Ebbs and flows and signs that we are running out of steam. I heard people joke around a few months ago that...
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. Looking at a bearish setup for PFE. Likely will be some chop up here to clear some stops and cause the short term options to expire worthless. I'd be looking to take profit here if you haven't already and potentially look for a...
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. Let's face it. AMC hasn't had a good run the last 2 years. We started a bit of an uptrend in July and I am betting it will continue. We're below some key moving averages such as the weekly 21EMA and the monthly 21EMA as well but...
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. I promise this is not an analysis to gain followers or become an XRP Army fellow. This is just a real analysis of something that is showing some potential. That being said, here we go. We've all seen the channel and I'm here to...
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. We've been in this descending wedge (bullish) for the better part of a week now and several indicators are resetting. If this is an ABC or a 12345 impulse, there should be some upside in the future. I can successfully count the...
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. Likely there is some more upside potential here but I would be looking for a "green to red" day here. That is, when the day opens green and gets a rejection and flips red. That's an indication time is running out for Intel. I'm...
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. United Healthcare has been on my radar for a shile but only since last week have I paid more attention to the support we recently had and the pivot we've seen here. I don't speak much to fundamentals, nor do I really care about...
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. It's been a while since I've given any kind of an update on Bitcoin so here we go. There are some institutional indicators that are saying the consolidation is complete (I'm not talking about the lame news reporters that are...
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. This is going to be very short and sweet as it's a long term analysis. This theory will only continue to be valid as long as Bitcoin does not break above $8400. I've got an other idea that explains why I am using $11683 as my...