afurs1

afurs1 Updated 

My previous trade idea on MARA followed the accumulation of the lows below $10 when this stock was totally undervalued. I was buying to sell into the ETF news, which lined up perfectly with my BTC prediction approaching 48-50k. That trade resulted in a profit of 300% and our next opportunity is likely approaching as the Bitcoin Halving will occur in April. Ive...

afurs1 Updated 

Microstrategy has been the foremost Bitcoin related stock outside of the miners or ETFs. Ive noticed that MSTR tends to be significantly better correlated than some of the other BTC related plays, however you must be careful as it acts as a leverage play as BTC moves. You will generally see MSTR move 2x - 3x the percentage move of Bitcoin. Looking through the...

afurs1 Updated 

The markets have given us some clear direction over the last few months, albeit we are at quite high levels and I would expect a pullback at some point. There are 2 important clues here that are clearly visible on the chart. The first is a continuous strong move up as illustrated in the channel. We can clearly see the supply and demand zones flipping once...

afurs1 Updated 

Bitcoin has shown some extreme strength and resiliency over the last few weeks without any sort of meaningful pullback. Today we are finally seeing this correction after breaking down from the rising wedge bearish pattern above. The market structure is still undeniably bullish on the higher time frames until the range here is broken and lost to the downside....

afurs1 Updated 

The beginning of February is historically a strong month for stocks and indices. One thing however that I providing me some context that the market may see a correction in the near future is this massive rising wedge with bearish divergences. I wouldn't be surprised if we saw one last move to the previous high (ugly high) to grab some liquidity and make its way...

afurs1 Updated 

The market saw a large pullback in many recent equities this last Friday including companies like nVidia. I cant say that the chart looking bearish, we are still making some higher highs. Ive done some research to learn some shareholders are likely starting to take profits on stocks that had large rallies. But most importantly, it seems like we have some...

afurs1 Updated 

The markets have made an impressive rally over the last few weeks, practically setting historical records for markets in many sectors. The recent pullback is welcomed as the SPY approaches my monthly zone. Whenever I set my levels, I use the applicable time frame and mark out the major candle opens, and closes to determine my support or resistance zones. As...

afurs1 Updated 

Several major tech names are starting to show me confluence and trend patterns that may be signalling a bearish outlook going into the start of 2024. Firstly, our Fibonacci levels are proving the golden pocket at the 0.618 to be a resistance zone several times for Tesla. We are seeing a push back towards this zone with the formation of a bearish wedge that is...

afurs1 Updated 

Bitcoin has had an absolutely epic, face ripper rally over the last year and it may be time a look for a pullback in price as buying opportunities present themselves. Today I have been considering the BITI Short BTC ETF which could give us an amazing hedge if BTC sees a sharp decline. Now I do believe we reached a maximum pump at $50k, and I dont quite see the...

afurs1 Updated 

The miners have had an absolute face ripper rally over the last few months pending an ETF approval, which was finally received. Perhaps not as well as some may have thought. Due to popular request I have created some zones for where I believe RIOT will likely pullback to after a nice impulse move. Now RIOT is a bit different from MARA in the case that the .618...

afurs1 Updated 

Continuation with my Crypto Miner stock analysis, here are some thoughts on HUT8. I was hoping this stock would react more how I would originally expect, but it did the opposite. We are in a bit of a weird spot here with this one. If you take a look at the fixed range volume profile, a questionable sign is that we entirely lost the Value Area Low, as well as...

afurs1 Updated 

Continuing my analysis by popular demand, next on the list is Cleanspark. This chart is slightly less predictable than some of the other charts we have been reviewing. In particular CLSK has several zones of confluence coming together, however, its tough to guess where this one may bounce. Generally, I like to make a base case using the .618 Fibonacci...

afurs1

I dont know much about this miner, so I cant quite speak about anything more than what im seeing on the charts. But from what I see here reminds me of MARA where it is finding some support at the upper value area of the previous range. You also have the 100 Day moving average right below, as well as the previous range point of control. This range is between...

afurs1 Updated 

After a massive rally beginning Oct 2023, we have yet to see a real cool off period as we started moving into the new year. As per my other trade idea, its obvious to me that the SPY has tried to breach its high without any luck, resulting in a swing high wick that has been already tested twice. It makes me believe the probabilities of the market pulling back to...

afurs1 Updated 

BTC Is finally getting some strength and pushing past $31k. Although I am not quite sold on the idea that new all time highs are near, I do believe we may be seeing the result of months long accumulation as we move closer to the BTC halving. If we take a look at our fib levels from top to bottom, we can see some confluence towards the CC Golden Pocket at $50k....

afurs1 Updated 

Ive been building a position on this stock for several weeks, in anticipation that BTC will be the first to move on good news and catch up to equities as the crypto rally has been stagnant. I was expecting this drop on MARA to come fill the gap created before we had a MASSIVE move of almost 100%. This retracement will give us an idea whether or not MARA is...

afurs1 Updated 

Etheruem is looking extremely weak at the moment, we have just broken a ercent swing low and looking downwards towards the previous range. I have a few levels below that give me confluence to believe that ETH will drop as well as many altcoins unless we absoultely find a bounce and soon. Below you can find the Previous Range point of control marked in Blue....

afurs1 Updated 

The dollar has been on a tear the last little bit, but it might be running out of steam. Today we saw a swing high into the previous high of around 105 and rejected right back down. It might be a sign of weakness coming for the dollar as it forms a bearish rising wedge formation. Bigger picture the dollar is on a downtrend from the last few months. It has been...