Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Possible stop below C. BABA was trading in a megaphone pattern, but hopefully it is time to move up for a while. A megaphone pattern is shaped opposite of a symmetric tranlge with the narrow end on the left side of the pattern and it broadens out. Price tends to bounce up and down inside the trendlines. It is a frustrating pattern )o: Hopefully this pattern...
Continues to be the play until these two catch eachother again
Will take awhile for this set up. Consolidation for a few months then moon soon.
Look at my other BABA post this is aging really nicely
Marked some important levels. On the watch. HK overall is looking to bounce, also watch other china plays.
Wave 2 only Weekly chart completed, Wave 3 on the Daily (part of Wave 2 Weekly) completed. Beginning of Wave 3 on Weekly. MACD Improving, RSI at oversold levels. Nothing more to say, Jan 22' 300$ Calls. Chart Speaks for it self
-Third wave is coming -RSI close to the neutrality zone -Fibonacci 50% retracement -Big bullish channel Next targets are Fibonacci extension levels.
Alibaba took some drops because of the news but also because of the drop in markets in general, however it is a solid company and likely to go up again. A nice buying moment with a ris/reward of 1/1.5
BABA has formed a rounding down formation. It is now under the moving averages which will act as resistance. I don't think the market reversal is over, i think its just beginning in the overall index's. I believe this will continue its downward trend to the 223 level, where it'll find support.
BABA made a new low. I had this zone as the buy zone a month back, I still think it is going to do something like that blue arrow. RSI being oversold on 3 timeframes is supportive of this, but price has to find a foothold quickly, especially with it breaking that long term RSI support level. If this support breaks, this can go down to 68, imo. RSI MTF Pane is...
Pattern: Bullish Megaphone on 1D. Signal: Buy as the 1D MACD has formed a sequence that since November 2018 designated the bottom. Buy if the Jan 20 High breaks or on the 0.5 Fibonacci retracement level. Target: 310 (just below the current Resistance). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and...
$BABA I'm expecting some major upside in BABA for the rest of the year. $233-$234 is likely a major retrace/pivot point. Fundamentals: Cheaper than any of the mega-cap tech plays except Facebook. More catch-up potential. AMZN of China.. Not advice, opinion only. Goodluck.
$BABA formed a second bull flag after breaking out of a large descending channel. Watch for a bounce from the bull flag structure retest above $252. If market weakness continues then we may see a deeper correction as low as $244 (lower blue zone) where we can look for alternative entries. Initial target is $290 to fill the gap. Secondary is $302 based on...
Overall trend is very bullish, coming off the 100wma which is also retesting a breakout. $BABA is expected to have strong growth going forward in the future so its valuation seems pretty good. I threw up the fractal from the previous run up in 2017.