**NOT CALLING FOR A CRASH** This is the era of fiscal stimulus and QE. Found this interesting that testing 6000 in the next few months would be the 3rd touch 1. Roaring twenties 2. Tech bubble 3. Now Could serve as intermediate term resistance, with a reaccumulation period. The top channel will be ~8000 in 2030
NYSE:SNOW has been in a secular bear trend since the beginning of the 2022 bear market. Notable countertrend rallies have lasted ~14 weeks. We're on week 3, expecting more upside with possibly changing the macro trend here.
Seeing this midwit trap assuming we need to crash right now because of the rate cuts. If we can hold the current trendline I'm expecting ~80k for this short term move and then we can figure out the macro for the 3rd year of the 4 year cycle.
First what are the narratives? 1. Strategic bitcoin reserve 2. ETH etf 3. US flipping from hostile to friendly on crypto 4. Liquidity cycle 5. Rate cuts (yes i know actually bearish) With all of the positive narratives out in crypto price has barely moved out of its consolidation range. I truly think ask liquidity is strong enough to quench any narrative that...
NASDAQ:HOOD has been in a bull trend since June of 2022, and its price action has also been decently straight forward. Notes about NASDAQ:HOOD 's price action - 1. Hood's cycle lengths from low to low, in this daily chart are not uniform. 2. However the trends in between the swing lows and highs are secular. 3. Hood has been forming base lows instead of V...
We're near a Bitcoin 60 day cycle low, ETH ETF sentiment has not been priced in. I rather bet we hold bitcoin's consolidation range than break down from here. Jul 19 215C
AMD has been a laggard in the semiconductor space. However, since the bear market low it's been in a clear bull trend despite being outshined by NVDA. It's discernible that AMD may have some cyclicality in its price action. For the first 256 trading days from the 2022 low AMD found a high on day 161 and went into a bear trend until day 256. We are currently on...
I'm more confident that bitcoin will continue to be strong for the next 60 day cycle. It's interesting to see the NASDAQ:CLSK price action and indicators repeating from last cycle. It's currently floating above the Komu cloud after a multi month consolidation The Bollinger bands have contracted after an extreme Bollinger band breakout (not shown for...
With BTC going into its 3rd 60 day consolidation cycle it is still uncertain if it will break out into price discovery. The current volume profile of this range currently looks distributive which could signal a coming break down from the range based off the Wyckoff schematic. However spending the next ~60 days below the middle of this current range, but not...
NASDAQ:HOOD was a great set up earlier this year. 2 year consolidation range with multiple failed breakouts. NASDAQ:RKLB looks like it may be looking to do the same breakout. The fractal drawn is NASDAQ:HOOD , same drop from IPO, same trough of disillusionment. Long at $4.90, will add on a retest of the downward resistance at $4.70.
After exiting DOGE publicly in April I have been waiting for a setup for reentry twitter.com Doge seems to have been following a 30 month cycle for the past 7 years. My previous cycle count had a blowoff into May, retracement to key moving averages around month 28 and a final blow off into the end of the year. We're on month 25 of the current cycle with...
Snow looks to have double bottomed after a very strong selloff after earnings. This would be a good place to correct to its key moving averages. Jul 12 $128C
Sentiment is overdone here. On a retest of the 21 EMA on the 30 minute chart looking to buy Jul 5 $59 puts.
Robinhood IPO'd during a period of dovish monetary policy and high retail speculation. It shortly after giga-nuked as retail speculation wrapped up to find a bottoming range between $6-$12 for a period of 2 years. The volume shelves are actually insane. Whats next? Robinhood has broken out in orderly fashion, but has not seen a parabolic rise yet. A old...
As of writing this ETHBTC is trading at .4508 Current arena - Ethereum was once the future of finance, however other sybil friendly VC chains have front ran it on crypto's greatest value proposition of creating rug pulls with dogs on them. Technicals - On a monthly timeframe ETHBTC has just completed it's first death cross . And has dumped front running this...
Solana attempted to be a layer 2 to ETH in the interim while ETH was building out proto danksharding. Narratives - 1. Base on ETH has began to garner a significant amount of capital. Solana's only value prop is memecoins. If a chain secured by Ethereum's base layer can do the same, what's the point of launching on Solana unless you're trying to run a pump and...