PukaCharts

PukaCharts

Bitcoin - The Liquidation Sweep I guess we will find out tomorrow just how many levered longs got liquidated. Amazes me that Coinbase has gone down for hours during these drawdowns and retail is locked out. Imagine how institutions could capitalize on this.. As far as I am aware Binance has had no strategic outages, retail investors are in the sun making...

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As Bitcoin steals the limelight, gold quietly and gently breaks out AMEX:GLD #GOLD Gold put in its first all time high for a daily close This will likely end with an all time high by EOW or a highest ever weekly close. Unfortunately, this leaves me with a conundrum as gold is a risk off asset and if we see a substantial increase, its possible it could be a...

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DOGE / USD Originally shared this back in June 2023 noting potential opportunity & now I'm in 250%+ profit ✅ Break out of pennant ✅ Above 21 month moving average (blue line) ✅ Almost out of 35 month decline/consolidation Understand anyone longing Doge here with 3 - 6 month time horizon. I would be out of the trade as soon as the 21 month moving average is...

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Macro Monday 36 The Redbook Index – U.S Physical Retail Store Sales (Released Tomorrow Tuesday 4th March 2024) This Johnson Redbook Index is very useful at providing the most current insights into consumer spending habits in the U.S. It is released every week covering the prior Mon – Sun consumer spend period in physical outlets around the U.S. The index...

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Sprott Physical Uranium Trust $SRUFF ✅ 41% increase since entry @ ascending triangle breakout 🎯 Target remains 0.618 Fib Ext at $30.00 ❌ Stop Raised to $20.00 guaranteeing 23% profit I may exit this trade earlier if diagonal is breached. Had a much larger entry planned for green zones, never happened. Thats ok though, thats why initial position size...

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Bitcoin - Not A Prediction An interesting comparison to the price action that took place in Nov 2020 (post May 2020 halving) On one serious note, it reinforces just how important the 21 Day Moving Average is. If lost, we can expect at minimum ST pull back. #bitcoin CRYPTOCAP:BTC

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Macro Monday 13 ISM Purchasing Managers Index The ISM Purchasers Managers Index (PMI) measures month over month change in economic activity within the manufacturing sector. The PMI is a survey-based indicator that is compiled and released each month by the Institute for Supply Management (ISM). The survey is sent to senior executives at more than 400...

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Macro Monday (6) United States ISM Manufacturing New Order Index - ECONOMICS:USMNO This week I have honed in on the Institute of Supply Management Manufacturing New Orders Index (ISM New Orders Index) as it is the largest component of the headline Purchaser Managers Index(PMI) making up 30% of that index. I also make the case below for how it can act as...

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The highest ever monthly candle close has been recorded for Bitcoin in February 2024 for both BTC/EURO and BTC/GBP pairs #Bitcoin

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U.S. Continuous Jobless Claims Rep: 1,895 🚨 20k HIGHER THAN EXPECTED🚨 Exp: 1,875K Prev: 1,865k (revised down from 1,871k) 20,000 higher continuous claims than expected. This is keeping the long term trend rising and remains one of thee most concerning charts out there. Chart Trend Since Sept 2022 continuing claims increased from 1.302m to 1.895m (593k+)....

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U.S Core PCE (FEDS FAVOURITE METRIC) Rep: 2.8% ✅ Slight decrease as Expected ✅ Exp: 2.8% Prev: 2.9% U.S. Headline PCE Rep: 2.4% ✅ Notable Decrease Expected ✅ Exp: 2.4% Prev: 2.6% Both Headline & Core PCE have come in lower and as expected; ✅ Core decreased from 2.9% to 2.8% ✅ Headline PCE decreased from 2.6% to 2.4% Historical Core PCE Norms On the chart...

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Microsoft - NASDAQ:MSFT A bullish monthly and weekly chart: ✅Monthly MACD Cross ✅ Long Term parallel channel intact ✅ Above 200 day & week MA ✅ Cup and Handle (with a high handle - Preferred) ✅ Good Risk: Reward Ratio at 7.6 (51%+ vs -7% loss) ⚠️ Stop loss levels on chart 🫡 A great set up. Those that are patient could wait for a potential pull back (arrow...

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Macro Monday 35 Richmond Fed Manufacturing and Services Index (Released Tuesday 27th Feb 2024 @ 15:00 GMT or 9:00 CT) The Richmond Manufacturing and Services Indexes measures the conditions of each respective industry for the 5th Federal Reserve District which covers the District of Columbia (Washington DC), Maryland, North Carolina, South Carolina,...

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TONCOIN - LSE:TON TON is looking interesting here. ✅Above 200 SMA ✅Series of higher lows ✅BTC pair appears to be bottoming out - 2 to 4 weeks in bottoming zone normal historically ⌛️Challenging POC (breach above pending) ⌛️Pennant Decision point imminent (pending) Eyeing mid March for conclusive direction, early bid possible here with stop under 200 DSAM...

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ETH/BTC flaunting a potential bottom ETH/BTC bounces from the bottom of our box and is attempting to reclaim the 200 week SMA at present, also challenges diagonal overhead resistance. This is a serious congestion zone & one has to wonder...are the lows in? A move above 0.065 would leave us with all three supports (200, long term diagonal and box base. PUKA

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The Misleading Rising Wedge on Ethereum Over the past few weeks a prominent trader who I admire has been adamant about Ethereum forming Rising Wedge, which is a bearish reversal pattern. I disagreed with this view but acknowledged the concern raised as any reasonable trader would. However, It caused me a bit discomfort as I have a large position in Ethereum...

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CleanSpark Inc - NASDAQ:CLSK This is a unique mid tier BTC miner that is edging ahead of Cipher Mining in terms of size, production and reserves held (See below for the pecking order of 4 BTC miners). The CLSK Trade - Ideal entry would be bounce off 200 DSMA - Risk/Reward from here is 5.55 which is not bad - Stop Loss placement at 200 DSMA or POC Chart...

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Optimism- CRYPTOCAP:OP This is a potential long term asymmetrical trade with 640% potential and a -20% loss potential. ⌛️ Potential Ascending Triangle Breakout ✅ OBV Volume breakout and retest ✅ An increasing volume profile (peaks and valleys) ✅ DSS Bressert Cross The entry and stop loss is noted on the chart. The 4.236 fib ext level aligns with the...