I Wouldn't play this "Game' until $21... mark my words we come back to $20.73 within a week or so!
Complementing weekly and daily charts, short-term analysis indicates a bullish projection to 63k by early next week. Utilizing Fibonacci ratios, trend lines, and various indicators, the trajectory aligns for a notable rise.
The upcoming week holds significance for Bitcoin as it grapples with signals suggesting another upward burst is necessary before a potential downturn. The analysis spans both weekly and monthly timeframes, indicating a crucial phase for Bitcoin's trajectory. Despite short-term bullishness, a bearish outlook looms, with projections indicating a decline to...
Bitcoin (BTCUSD) Weekly Forecast: May 11th - May 13th Overview: As we step into the week ahead, Bitcoin continues to exhibit signs of a bearish flag formation on the weekly chart, indicating potential downside momentum. The analysis considers a series of wave counts (a through e) within this pattern, with stochastic indicators showing a hooking pattern,...
So many bears out there that were the same bulls saying Bitcoin 100k are now bearish lol. Get your timeframes in line people. I've been since I called the rise from 28k to 48k then 57k on the same trajectory. WE still have a 70 to 73k double top or rise to some wherein that zone before the big fall that takes us to 39k or less on Bitcoin
As I mentioned in the related VIX analysis where I called the VIX from $19.50 to $12 we went sub-$13 but with a fall in many non S&P500 stocks falling and not benefiting from this. Therefore the risk reward of my play is higher but I remain bullish over the short term but bearish on all risk on assets including crypto in the intermediate to long term. I still...
Three levels of our smaller wedge top, we need the 1.618 broken to start smoken! Earnings after hours today, but we really want to pop before then, we may get a 1.80-$2 late day spike as people load up and shorts cover before the storm!
Check out my analysis on RIOT Blockchain and Bitcoin! I'm bullish on both assets, expecting a breakout to $73-$75k for Bitcoin and a target of $14 for RIOT within 1 to 2 weeks.
Get ready for an exciting week ahead with LAZR Luminar Technologies! We're seeing the upside earnings surprise being priced in, coupled with a massive falling wedge that's about to break out above $1.70 and then soar to $2.00-$2.20 on the second wedge. LAZR Analysis: Earnings may be the catalyst for this breakout, but that's not all. I've also identified a weekly...
S&P 500 (SPX) - May 6th Week Ahead Bullish Forecast This week, we've observed a bullish signal with a weekly harami candlestick pattern, indicating potential upward momentum. Here's the forecast for the week ahead: Short-term Outlook (May 6th Week): We anticipate the S&P 500 to continue its bullish momentum, aiming for new highs. The weekly harami bullish close...
no matter what way you cut it, the VIX needs 12.50 before it rallies and the markets correct. We should bounce at 12.50 with an 80% probability, but before our major market correction, again we will post sub 12$ pps tape hits on the VIX, but i think we bounce again at 12.50 and continue this way until Q3-Q4 when we threaten the sub $12 market, but we may like in...
In Elliott Wave Theory, we're navigating the vast ocean of market cycles, and currently, we find ourselves in uncharted waters: the fifth of the fifth of the Grand Super Cycle or Grand Millennium Wave. This level of analysis delves into macroeconomic cycles of epic proportions, spanning centuries, and it's raising questions, even some of a doomsday nature. 1. The...
Recent Buy: $4.14 | .618 Retracement Short Term Target (5/3/24): $5.50 | Intermediate Target (Week Ahead): $6.80+ Stop Loss Trigger: $3.80 Mullen Automotive (NASDAQ: MULN) is gearing up for a bullish run, and here's why I'm optimistic: 1. Electric Vehicle (EV) Sector Growth: The electric vehicle industry is experiencing exponential growth, driven by increasing...
Bullish on RIOT: Diamonds Everywhere! Late Day and 1 Week Rally Inbound Short Term Target: $11 | Intermediate Next Week Target: $14+ The cryptocurrency market is heating up, and RIOT Blockchain Inc. (NASDAQ: RIOT) is poised to shine brightly. Here's why I'm bullish on RIOT for the short term: 1. Bitcoin Momentum: Bitcoin (BTC) is witnessing renewed momentum,...
Overview: Luminar Technologies (Ticker: LAZR) has been on our radar for a while now, and it's time for an update. As always, we're looking for clues in the candlesticks to predict its next moves. This time, we're focusing on two potential trajectories: a breakout before earnings or a breakout spurred by an earnings surprise. Trajectory 1: Break Before Earnings...
BULLISH DIAMOND ON BITCOIN. After 12 PM Close I'm bullish long Calls 10.50 may 3rd to may 17th. Let's go! This is not a recommendation though.
When the VIX drops below $12, it's time to consider a cautious approach. Instead of jumping in headfirst, I gradually enter long positions in UVIX and UVXY calls over the course of one week to several months, while directly holding onto VIX, UVIX, and UVXY. Past experiences with mistimed UVXY Long Calls, particularly during the pre and post-COVID periods, have...
In this analysis, we're eyeing a potential 'shotgun trade' scenario with a focus on VIX and UVXY. If we observe a gap down in the market, especially in the VIX (VIX) and its inverse, UVXY (UVXY), it could signal a forthcoming move. Holding the gap down on UVXY might lead to a decline to $8.50, followed by a rally towards the confluence of a trend line and the...