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Bottoming

Genedrive is great value here - slow bleed bottomsThe selling power is dropping there is no more volume on this slow bleed. I think we are forming a bottom here finished a 5th of the C of the B and will move up to the larger C from here. Counts well with a finishing 5th wave now poked lower and strong divergence on all timeframes. There is one more option though that can happen (pictured in grey lines) is that we go up for a C of the 4th wave and then the 5th down even lower, I think it is less likely. Well if no news on sales still in January the poke lower will be possible. With GDR I just dont know when the news will drop. Back in May if someone tells me we get to see the first person vaccinated before Genedrive PCR test fills a single sell order... ffs Budd, just take it easy. The safest entry would be on break of that downward trend line around ~90p Targets remain as always ~x10 from here. IMO, DYOR
LSE:GDRLong
by tempertrade
$NBY The weekly chart is Absolutely Gruesome! The Longterm Downtrend appears to be closing, bottomed in May, double bottom is in and a Golden Cross is very close on the daily chart. Shallow Uptrend is in play, we should hopefully see some strong action coming into May 2021. Hopefully those holding longterm should get some relief. Swing Traders may want to "LOCK AND LOAD". Cheers! *Legal disclaimer: Information on this website, social media posts and comments are analyst opinions, based on data available at this point in time. Opinions are not recommendations to buy or sell securities/Commodities, (and/or currencies). Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. I am not an financial adviser nor am I a Registered Securities Adviser or Broker. The intend of my Chart Analysis, is not to give financial advice. It is only research with data compiled for Education and Entertainment purposes ONLY. Information and data provided by my charts reflect my own opinions and observations and must be used at your own risk! Do your own due diligence and research when making any kind of a transaction with financial implications.” Copypyright 2019 all rights reserved.
AMEX:NBY
by watcherjcs
PRTY - Potential Bottom Swing PlayParty City is in no way sheltered from the current state of things. Most stores are probably shut down, but with all the increased buying I believe we have hit a bottom and can break up to an upper channel off its most recent move. I do not have any shares of PRTY but will be looking on monday to buy in the area of 0.58-0.61 if I get the chance. First price target is 1.18 and depending on how strong the move is, I may ride some up to 1.66. This is only a swing idea, I am not necessarily bullish on PRTY, but I do believe in the swing potential setup here.
PLong
by UnknownUnicorn7786231
3
Crucial pivot point : Altcoins are in trouble if no higher highComparison of a same bubble structure between the Silver bubble and the total market cap of crypto (exl. Btc) If alts don't produce a higher high around here, then new lows are to be expected, with a slow and long decling of several years. Of course maybe a few alt coins will probably survive this pattern and will show a more bullish pattern than shitcoins and other alt coins, but this is a very important warning, as this bubble structure is so far 100% identical. Humans reproduce the same patterns on charts as our behaviour and nature does not change, and will never change. I am absolutely not against Alts beeing destroyed, as a large majority of them is a cancer to this space, and the crash of the majority of alts would educate the market in the way of driving dumb speculators into bitcoin maximalists, which is not worse. A little zoom in shows the Smma totally blocked the upmove of the altcoins market cap : Daily shows a golden cross, but the moving averages are already pointing to the downside, so i don't exclude a bearish cross to happen. Last note about the Silver chart that produced the exact same bottoming pattern as the Bitcoin chart of 2015:
CRYPTOCAP:TOTAL2
by Giovi6969
6
NVT pointing to a deeper Bitcoin correctionNVT has exited the OverBought condition after 3 months. And this event offers multiple layers for interpretation: The local top at $13k-$14k got confirmed by the NVT. Looking back in history, we see that after this event happened a severe correction was due along the next weeks/months, pushing price down between 50%-70% which would bring us into the $4k-7$k range. Alternatively, a more classical interpretation could suggest that not so deep retracements are needed to alleviate the overextension. To the point that the Bitcoin network matures, the corrections might soften compared to the ones we've experienced in the past. Therefore we have 2 scenarios to consider: 1) This time is NOT different scenario , which would bring BTC back into the $4k-$7k range. 2) And the This time IS different scenario , which would be content with a softer correction and seeing BTC bottoming in $8k area. Please note that both scenarios assume printing a higher low above the $3100 December lows . So, all in all, that's a good thing to build a proper market structure to support the next up move beyond all-time highs at $20k. NOTE: I’ve plotted the information on a 3-day chart for better visualization. But the NVT data is based on daily candles.
KRAKEN:BTCUSDShort
by gliderfund
3
NVDA: Filled gap down, watch for pro trader pre-earnings runNVDA has filled the gap down from the negative earnings reaction in November 2018. The stock is likely to consolidate or shift sideways at this resistance level if it is to build energy to move higher. There is some Dark Pool accumulation in the bottoming pattern. HFTs have gapped this stock on earnings news in the past. Earnings will be reported May 9th. A month out is a good time to start watching for the pro trader patterns that lead to momentum in a pre-earnings run.
NASDAQ:NVDA
by MarthaStokesCMT-TechniTrader
The Bitcoin market is probably bottoming.Bitcoin is starting to form a similar structure as the bottoming structure of 2015. No double bottom, no spring, no true recognizable bottoming pattern yet, but the market is possibly stabilizing Bitcoin in this area after a V reversal. The 1week log chart shows some possible similar ranging between the 2 main Smmas: This is very encouraging for now, unless of course some drama happens and Bitcoin falls below the 3.000$ support zone, but this scenario is now becoming less likely in my opinion. Locally, the 50 Smma is forming a very strong resistance, and a false breakout of this 50 Smma with a pullback to the 3500$ region is not to be excluded. Ethereum is above the 50 Smma, last seen around 1 year ago for a fakeout Same goes for Litecoin Xrp from Ripple isn't there yet, but it could be bottoming as well
BITFINEX:BTCUSD
by Giovi6969