Eye_of_Horus

Eye_of_Horus

Stocks are having a rally but remember they are in a weekly downtrend! I think that the downtrend will accelerate soon and will take down crypto along with it. There are massive gaps in support in NVDA and TESLA of about 30%. There is also a massive gap in support in cryptos such as Bitcoin and Ethereum as well. Remember we are in a downtrend and that is a fact! I...

Eye_of_Horus

I think a big crash is in the making for ethereum. I have drawn a purple support box where i think it may land. I will buy it there.

Eye_of_Horus

NVDA should go down into my support zone within the coming weeks. I think it will go to the bottom of my support zone at 258$. So I am buying puts with a strike price really close and around 258$. and since I trade on the weekly you need to give it time to play out. So the expiration date is tricky as they are trying to hold it up for some reason but I wonder how...

Eye_of_Horus

November looks like it will be a bad month as we are in a downtrend and it may start accelerating soon. Hope is a very bad emotion to have in trading . Do not be tricked as fast as NVDA rose it can crash just as easily.

Eye_of_Horus

We are fighting against the 216$ Resistance but I don’t think we will be able to regain it as support.Remember the trend is your friend and we are in a downtrend.They are gathering liquidity for the big crash be careful.

Eye_of_Horus

Tesla is in a downtrend and it looks like 215$ support will be broken let’s see the weekly close.If 215$ is broken I think it will go to 168$.

Eye_of_Horus

Bitcoin is moving up while everything else is in a downtrend(stocks) . I think that stocks will bring bitcoin down with them. NVDA has a 30% gap in support and TSLA also has a similar gap. If NVDA and TSLA do break their supports they may have 30% crashes. If bitcoin has a 30% crash it will go somewhere in my purple support box.

Eye_of_Horus

The need to hold level was 416$ , we have closed under 416$ That is the signal for me to sell.

Eye_of_Horus

NVDA has set a lower high at 477$ and if we break the higher low at 410$ the uptrend is over and the downtrend has begun.

Eye_of_Horus

This cycle is taking longer than expected which makes me think we will not have as big a move this cycle as others. The longer we take to move up the smaller the move. We should top Q2-Q4 2024.

Eye_of_Horus

Buyers are being baited into buying. It will probably wick above my orange box and come into my purple box.

Eye_of_Horus Updated 

NVDA is going up one more time to get people excited before the big crash down. The Purple Boxes are support boxes the dark red box is the resistance box.

Eye_of_Horus

Bitcoin is going up into resistance. Without reaching my target support zone. It may still go up without reaching my target support zone, but i am being careful here with stocks being bearish.

Eye_of_Horus

Nvda looks primed to crash. Look at the lack of support if 416$ fails oh boy.

Eye_of_Horus

Bitcoin looks very close to breaking down. It must hold the lower blue trend line. I have drawn a purple box where it may find support.

Eye_of_Horus

Bitcoin is consolidating and looks like its making a double bottom , but bitcoin is very tricky and likes to trick new traders. Double bottoms and double tops do not have to be exactly equal. This looks like a perfect double bottom setting up but something seems wrong. Since there has been barely any price action at 24,800 this tells me that 24,800 is NOT the...

Eye_of_Horus

Bitcoin likes to make double bottoms, double tops that are not exactly equal throwing people off. The 32k top we made after going up from 24,800 is a double top at 30k most likely. What concerns me is how we found support at 24.8k without any prior price action there, which tells me 24.8k is most likely not the higher low. I drew a pink support box where it should...

Eye_of_Horus

I think NVDA will reject from 500$ it is extremely overvalued and the risk is higher than the reward to go long.I’m stacking puts at 500$