Explanation of a #gap: CME markets close on Friday and resume trading on Monday. A gap forms either due to price raising/lowering and statistically these gaps fill back in on Mondays.
Tim Pace #BTC analysis recap: we’ve had a stand-off between the bulls and the bears for the past week with lots of support at $59k since we can’t break through 60. There is still a gap from last weekend that hasn’t filled so I’d be betting for a mini bear market to top off Easter
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#TimPaceTA and we are looking at one of the more grim days of $BTC. We lost the cloud, 50MA and fell down to support on the 200MA. If we lose the 200 we could find ourselves back down to $42800ish. Stop loss would have saved you ~17%. Hang in there comrades. #WTFDIK#BTC
#TimPaceTA second chart of today is my new fav $URUS. We are staying in bullish zone after staying above the cloud and bouncing off the 50MA support. We have resistance above us at $220 and if we break that we have a real shot at regaining up to $260. #WTFDIK#URUS@getaurox
#TimPaceTA And first we are checking out $ETH. We have a real shot at breaking $5k soon as we are above the cloud and above the 50MA. It is leading #BTC in this bull run and in order to remain bullish we need to keep these levels of support. The coin is hot🔥! #ETH#WTFDIK
Say $TSLA is at $1000 and I have 1 million portfolio (1000 shares). Then I borrow 10% on margin (100k), and use it for personal expenses. Say after 1 year TSLA is $2000, then my margin is 5% of portfolio, so I borrow another 100k and so on. This means I can live tax free forever?
$EOS 1D chart: EOS has been quiet the past few months but looks like it might be cooking up a little something going into #altseason. The $5.50 level has been an important level for the bulls to have ever since 2017.
#TimPaceTA checking out $BTC again. We have been stuck inside the cloud for a week now. Resistance and support is stacked both below and above us. Too border of the cloud is the daily 50MA while the bottom is holding 100MA. Still hope for some breakouts before EOY #WTFDIK#BTC
Finally with #TimPaceTA We are checking out the alt TANK $URUS. It has found support around $189 which also doubled as the 50MA line. Proceed with caution regarding ALTS but #URUS is one you might not want to sleep on. #WTFDIK@getaurox
#TimPaceTA And next up is the new ATH breaker $ETH. We broke through the cloud 4 days ago and retook the 50 MA which I’d bullish. Gotta keep making higher highs as if we lose any support than it’s considered bearish. #WTFDIK#ETH
#TimPaceTA $BTC is first up. We are stuck floating around 58k. Need to make it above $60k to get out of the cloud and above the 50 MA. If we fall through bottom of cloud then it’s very bearish. Plan B price predictions should fall through tonight. As always #WTFDIK#BTC