Grandmaster76

Grandmaster76

Current Market Conditions are: Neutral The long-term, major support levels for BTC hold, but for how long? Major Support Levels: 35-39k If BTC breaks below 35k, we will most likely shift back into a bear market. 19k is anticipated with further breakdown as a potential bottom. If BTC holds current support, we may see a break-out to 40+k, which may be...

Grandmaster76

We may have a good and simple long-term investment on our hands, for those who are able to trade overseas. A sharp sell-off has provided a new lower low, followed by a very swift bounce. Watch for further consolidation before jumping in long-term. Noted are support and resistance levels, with swing-term trade action.

Grandmaster76

After the spectacular recovery rally that I perfectly predicted in my last post, it may now be time to short GBTC. On the daily chart, we see a pattern of Lower Highs that signal further downside ahead. We are far from oversold territory, and now in overbought regions. The question is, will Bitcoin break the 42k and 39k supports? If that happens, bear...

Grandmaster76 Updated 

On the chart, I have marked key levels of support and resistance , identified by multiple markers. Three out of four years, BTC has declined in February and March. There is therefore a 75% chance that although we have already seen a 50% retracement , we may see further downside in BTC this late winter and early spring . Key levels to watch are the 30k level of...

Grandmaster76

Today, RECAF bubbled up by 25%. An extremely unusual day, a loco Loki of a day. Crude Oil rallied as well, moving back up to normal ranges at $66-67. Two options for RECAF from here: 1. We see a correction from this little big bull 2. RECAF continues its rise up to previous levels of resistance Below are listed levels: 14 Day RSI at 80% 15.3385 13-Week...

Grandmaster76

Recently, USOIL and RECAF have both taken a tumble. Named "The Hottest Oil Play in Decades," we surely have more to see from RECAF in 2021 and 2022. As you can see, USOIL's candlestick progression is clearly notated by the dark grey line displaying price action on the front. Experts predict USOIL to bottom around $55-60 USD. After that, experts predict OIL to...

Grandmaster76

After a spectacular rise from $1 to $12, RECAF has plunged back to $6 USD. My favorite 'penny stock,' I would love to accumulate RECAF around $3-5 USD and hold for $9-12 USD. Such a level to accumulate would be statistically safe, and provide excellent 100-300% returns in the following months. RECAF is a great upcoming company that can continue to grow. Wallet...

Grandmaster76

In institutionalized markets, we often see patterns of up and down, up and down, verses more free markets, in which we see large bull trends followed by disastrous bear trends for some. The more popular the asset, the more swings we often see, as people play a tug of war to win Bull or Bear. As you can see in this long-term Daily Chart, RIOT has had two weeks of...

Grandmaster76

Today, I am waiting for funds to settle as my profits must help pay my bills this month. Happy August! 1. The Madrid Ribbon clearly shows bull and bear trends. BTC has been trying to create a small new bull trend. It may reverse. 2. Resistance is below the current high, and support levels fall far below. This could set up a nice shorting opportunity if...

Grandmaster76

Great trading day, loved the quick action on the charts. Today, RIOT formed a symmetrical triangle in the morning hours. I marked the top resistance levels, mid support/resistance levels, and bottom support levels. It was a fantastic freefall from the top resistance levels to mid support levels, where it then formed resistance and plummeted to bottom support...

Grandmaster76

Yearly analysis of DPST, which tracks KRE with 3x leveraged expsoure. My grand idea to build up savings last year was to buy DPST around $58, and hold until $200. Though I sold earlier than my plan intended to due to problems outside of my control, DPST eventually did make record gains to $200+. With COVID increasing in variants, banks have tumbled again....

Grandmaster76

About a week ago, I posted that shorting oil may be a great idea. Up $1700 in profits in the paper trading account. It still has room to fall in the mid-term, but short-term we may see a small bounce.

Grandmaster76

BABA stock showed relative weakness and I decided to short it in my TradingView Paper Account at Overbought levels. Remember to short from the top, buy from the bottom! The trade has done fantastically and will make about 6k from 250 shares sold short. May exit it today as it's back in the red Fibonacci, reaching oversold levels, and the 50 EMA at $211 is...

Grandmaster76

We've had 2, soon to be 3 major trade entry points for RIOT the past few months. The first major trade entry point was bullish after Riot's long fall. A retracement was imminent, and I predicted it to reach 40%. It hit 40% like a miracle. The second trade entry point was bearish, after Riot's 4-step rise. A correction was imminent, and I predicted 2 elevators...

Grandmaster76

Unless major political shifts happen, shorting oil may be a good idea. It's had a recent high at $75, and an April 2020 low of $4.15. That leaves a lot of room to short. It's had a fantastic run upwards for this year. Additional stimulus and COVID relief checks are not coming. True unemployment levels range around 20%-40%, with many not reporting job loss...

Grandmaster76

A short summary of my year with RIOT and MARA.

Grandmaster76

As you can see notated on the chart above, major bullish trends tend to have four waves. After the fourth wave is finished, it tends to reverse direction. Major bearish trends tend to be "the elevator to the stairs," and have two sharp waves down instead of four steps up. This signals a harmonic pattern that can make trading in the future more reliable and...

Grandmaster76

Why hasn't Bitcoin fallen faster this year, unlike previous results? History is supposed to repeat itself, isn't it? For about a month, Bitcoin has stalled in a trading range of 30k-39k. This is somewhat because the 50 Day Moving Average still hovers slightly above, as notated on the chart. With institutionalized trading, we do not have a swift fall as in 2017,...