Category Tech

$BTCUSD . Counter trend rally with resistance

Bitcoin counter trend rally

China’s regulation to close the Bitcoin exchange accounts by April 15.

With this passing, does that means that the selling has stop?

1. Resistance at $501 from Chikou Span

2. Current trend bearish; below kumo

3. Leading kumo flattening; suggest consolidation.

 

$TIVO : Breaks kumo support. Bearish trend confirmed.

 

$TIVO breaks kumo support

 

5 year Ichimoku chart. Right at kumo support

TiVo ($TIVO), make its mark when they launched the first digital recorder more than a decade ago. They had ride the trend when demand for their box surge and at the same time cost of components fell.

With the success of Netflix, and upcoming challengers varying from Apple, Amazon and Google, it seems that the uptrend for TiVo has about to end.

The first Ichimoku chart shows that the price has pierce through the kumo support and is in bearish territories.

The second Ichimoku chart, which spans a 5 year period, shows the price level right at kumo support at around $11.99.

However, the kumo support is thin there and  price can easily drop below that level.

 

$TWTR . Gap down on slowing user growth.

$TWTR gap down

Twitter ($TWTR) gap down on reports that its user base growth is slowing down.

On the Ichimoku chart which is hardly form, this is probably the typical post IPO selloff.

Should it have a counter-trend rally, the leading kumo forms a resistance at around $56.77