Looks like it's going for the 78.6% fib retrace, $4256 bottom target. Buy order placed for 20 @ 4256
And I don't think it's finished yet, but trade it with caution.
Perfect symmetry over a fixed period in time. All the buys and sells, news events, monetary policy and this still managed to remain intact!
-This NON BANK finance company originated more subprime auto loans than any other company in America! Headwinds: "More Americans are behind on their car loans than ever before" -https://www.cnn.com/2019/02/13/business/delinquent-car-loans/index.html "there were over 7 million Americans with auto loans that were 90 or more days delinquent at the end of 2018. That...
Coincides with the heavy selling pressure that’s at the 1.13 area
Entered long initially at .00001220 and added more at .00001430 It has a strong positive trend line support under a symmetrical triangle. The stoch RSI has reversed to the bull side. Great project and low coin float, 85m. I like this one, long term. I bought the ICO but sold immediately thereafter.
See the chart for visual. It's still in the process of completion. Bitcoin will not remain below the .236 Fib retrace.
Independent contractors as drivers who are disenchanted because they can't make money, why? because there is a saturation point of drivers on the road which has been surpassed long ago. Govt. regulations. No clear path on how to MAKE money because if they did have a clear path, they would have implemented it. Now, some saying it should change it's model and...
There was 4 consecutive weeks of $5155 support on the chart shown above. During this time BUYERS consumed SELLERS. Take a look at the ORANGE line, that's is an overlay of the BTCUSDSHORTS chart. You can see the spike in selling at which time there was a ROCK SOLID foundation of $5155.00. Pay attention to that, because that's sellers, selling into vacuum powered...
With a strong reversal on the Stochastic RSI, the second point on the monthly trend line has been established.
After the run up, a bear market took hold and played itself out through a powerful Ascending Triangle . It was sold down using that algorithm where it finally broke out to the downside. This is where it found support in Dec 2018. The bears ran out of supply and the selling weakened. Accumulation began which manifested into an Ascending Triangle with multi-week...
This is a line in the sand resistance that has held since 2013. The run up this past few was has all the hallmarks of a bull trap. The landing will be hard!
Downward pressure will continue.
This stock will be PUNISHED. There is no doubt about it!
All the signs are there.
Amazon will continue to create headwinds for mall operators. Many large chain bankrupt stores and lower, much lower rent rates.
Could not sustain the .024 price level, which would have created enough of a wave to push the price higher. Much Higher! So now, the downtrend cycle begins. Short it and set your buy orders: Target .0059