BTC looks like it's set to fall further here. I could see price moving down to the FWB:39K support and bouncing there, then bouncing back towards the top of the range at $44k. There is a possibility that it could form one more high at the top resistance $48k. However, if that happens, you'll want to sell that area as I think that should be the top. If price...
NASDAQ:OP is now resting right above support/previous resistance. Looks like it's going to target the top of the structure around $4.50 for about 150% increase from here. Let's see.
Updating timing from my last analysis on $HUT. Still think we get a monster move higher from here that happens over the next month. It did go lower than I expected, but I've been using the move down to accumulate even more calls. As you can see from the chart, we've formed a large falling wedge, should it break to the upside we should see a big move higher. My...
I've been very bullish on $HUT. Made a good amount of money on the move up and derisked at $17 thinking there would be a pullback. Now we've had a capitulation move down and have now reentered my position w/ both spot and calls (I've averaged in all morning between $12.90-$13.70). Thinking we're going to see a massive move up over the next 1-3 weeks targeting...
Looking at the chart, we've just formed a high timeframe double top. Unless price can break resistance and confirm it as support, price is heading down. Based on the structure of the chart, if the midline gets broken at $18, the target of the move should be sub $10. Hitting the lower supports around $6-7. If we get down there, that should setup a great...
This is one of my most bullish ideas for the next bull run. I've been waiting patiently for this chart to bottom and it looks like we're getting extremely close. $ZEC looks like it needs to put in one more capitulation low before the real bull run of this charts begins. I expect the final move to take price down to the $5-7 range and bounce from there to new...
As you can see from the chart, we formed a wedge that we broke out of and retested as support. This seems like a great place to enter at $10.09. Target of pattern would be $21-22. Target of full bullish move might go as high as $27.
Just like everyone think GOLD is going higher, people are overly bullish oil because of the war, blah blah, *insert your fundamental bias here.* The reality is, the chart looks like shit. Price just rallied directly into resistance and has now formed a lower high confirming resistance at $79. The price of oil is going much lower from here. I wouldn't touch...
Like many of the other tech stocks META looks extended here. I could see one more move up into the $350 region, and if it hits there, I think that sets up a good short opportunity. Lots of people saying we're starting a new bull trend, but what makes me think that's not true? In a bull trend, you see a slow rise up, not a 300% bounce in a year. That indicates...
As you can see from the chart, TSLA broke down from a flag, hit the flag target and then bounced. What makes the most sense to me here is that the flag gets retested as resistance before falling further. That would make the top target around $260 around 6-8% higher. If that level gets tagged, then I think that would setup a great short opportunity down to the...
If you've been following my ideas over the last few weeks, you'll know that I have a macro bearish view going into next year. I think the market is setup to drop 30-40%+. I know everyone is calling for new highs (Tom Lee, looking at you), but it's not going to happen IMO. We're not in a bull market, this is still just a bullish bounce within a bear trend. I'm...
NASDAQ:BAND seems to be consolidating for a large move higher. As you can see from the chart, band broke out from almost a year long bull flag, has been consolidating in a channel and now looks to be ready to move up. Should it break higher, I think the first stop is around the $4 level. If it continues, potentially $7+. Let's see what happens.
COINBASE:AMPUSD looks like it's ready for takeoff within the next week or two. It's been building a base for the past 6 months and looks to be close to breaking out to the upside. Once price can move above $.00273 and retest that level as resistance, there should be a swift move higher. I'd expect price to surpass the .00383 level and head to the top of the...
DIMO has had multiple tests of the $.135 level and is now consolidating in a bull pennant below resistance. Should price break the resistance right above the bull pennant, it should propel price up into the $.23 range (or maybe higher).
I know everyone is getting excited about IWM as it's rallied a lot over the last couple of months, but I think it'll face some pain in the coming weeks before it really starts to outperform. I am of the mindset that everything has it's cycle and I do think that going into the next bull market, that QQQ and SPY will underperform relative to IWM. That said, I...
The popular narrative is that NASDAQ:MSFT is going to benefit from AI and if there's a downturn, the stock will hold up. I have a different view. I think we've topped here and will only see lower prices going forward. Over the next year, I anticipate NASDAQ:MSFT 's price dropping sub $200 to the support levels on the chart. Only thing that would change my...
NYSE:FLR looks to be setting up for a large move higher. It's sitting right above support right now basing before it makes a move. Because it's in its first cycle, I could see it surpassing it's previous ATH and making a move up to the $.048 resistance. I've marked off key levels below just incase price stops before hitting the top resistance.
I've been waiting for this moment for the past two years. Over the next week or so, I expect a high to be put in on the stock market at ~$441-$446, and then the market will be in down only mode for the next 6 months to a year. I don't take joy in seeing the market fall, but from a trading perspective these opportunities only happen once every 10-15 years and...