kartk7

kartk7 Updated 

Structural top formation underway. Next support is at around 4450. If we reach there fast enough and the 50 day SMA is still near current levels (~4400), we will mostly likely see a test of that as well. If we consolidate sideways for a few days at around 4450, the 50 day SMA will have time to catch up. Either way, bias is on the short side. Will need...

kartk7 Updated 

Michael Burry's given up but that's not why I'm going long here. RSI is above 60 for the first time since February. Contrary to what most people think, RSI is most useful as a momentum indicator and not something to identify trend reversals with. Going into the results season, we're approaching resistances again, but these are the levels I'd consider my targets...

kartk7 Updated 

This is a long-term trendline on the NASDAQ log chart (1M). It seems like we've finally reached a decisive point in the ongoing Fed vs Inflation saga. It's going to be interesting to see what happens next. If we break the trendline like we did in 2008, we're likely to take the elevator down and then spend the next few years catching up to the trendline again....

kartk7 Updated 

CRYPTOCAP:BTC.D is showing signs of weakness while price is consolidating sideways. This means that the alts are out to play (congratulations to everyone who jumped on the ADA spaceship!). Solana has been underperforming for a while but is now looking to break out of this long-term downtrend. Potential targets marked on the chart. Buckle up!

kartk7

NASDAQ:IXIC - The chart spans from the year 2000, to now. Looks familiar, doesn't it? The mega run-up, breaking major support lines, panic, then a giant bullish weekly candle pulling us back to the moving averages. Looks very very similar to our current chart, doesn't it? This move up and sideways could last for months and leave us blindsided, but the...

kartk7 Updated 

NASDAQ:IXIC - The following screenshot is from the year 2000, the turn of the millennium. This looks familiar, doesn't it? The mega run-up, breaking major support lines, panic, then a giant bullish weekly candle pulling us back to the moving averages. Looks very very similar to our current chart, doesn't it? This move up and sideways could last for months and...

kartk7 Updated 

From the ETH 1-Day chart, it looks like we're forming a nice rounded Cup and Handle formation. Things may be looking bearish right now, but these are historically the best times to get into long positions. Measuring from the bottom of the cup to the breakout, we've seen a ~133% move to the upside in the last couple of months. That puts the price target for this...