Updating my previous chart as we've continued higher over the last few weeks. Even though that's happened, it doesn't change my bias that we're at the top of the market and that we're about to see a 30-40% after we top. I think over the next 2-3 weeks, we'll see one last push higher which will pull in more longs before dumping on them. I think we're likely to...
NYSE:FET looks like it's bottoming. I'll be buying on a retest of the support line $.214 and selling at the upper resistances $.63-$.66
COINBASE:STXUSD is one of my favorite looking charts for upside potential. STX, $ SYN $ XRP and $MASK are all charts that I've been looking at that haven't run yet. Therefore, I think they'll be the next set of coins to run after BTC pulls back. If we look at the chart, you can see STX has broken out of a massive bull pennant and now has formed a bull...
As I wrote in my last post on TLT, I had a target of $88. $88 was hit on Friday and is now slightly below it today. I went long both via spot and calls. I took March 15 2024 calls at a $101 strike price and I'm anticipating a large move higher playing out by then. I've marked off resistance levels on the chart. Let's see how it plays out over the coming...
This is a small timeframe trade. I think this move likely plays out over the next few days (if it's going to happen). As you can see, we've broken out of a bull flag and have tested this upper resistance multiple times at $.1435. Since it hasn't broken this level yet, I think what's most likely from here is for price to reject back into the lower support levels -...
I haven't charted BTC since back in October, when I thought BTC could fall to $15.8k . Turns out it hit that level and bounced. I ended up buying that level and sold it at $17k for a quick profit because I was unclear of the direction going forward and I thought there was risk for BTC to fall to $12k, but it has since bounced higher. Now the trend and the...
BTC looks like it's ready for it's final leg higher to retest the structure it originally broke down from. The final target should be somewhere between FWB:42K -44k. I do not buy into the bull market narrative, this is a bear market bounce. So just be cautious when people call for new highs as we approach those levels. Alts can have 5-10x moves if this move...
PLA looks like it's about to break out from a long-term downtrend. It's been basing for over a year and should resistance break, looks like it's good for 180% upside. Personally, I'd be looking for the $.61 target to get hit. Let's see if it plays out.
FWB:CLV has been in a long term downtrend. It now looks like it's forming a big base and obv looks like it's already broken out of it's downtrend on the daily timeframe but price hasn't followed (yet). I think once the trendline breaks, it'll be a very sharp move higher. I think the target is likely somewhere in the $.13-.15 range. Good luck trading this.
Similar to my thoughts on NASDAQ:RIOT , I also think NASDAQ:MARA likely has another leg down before starting the uptrend higher. I think most likely scenario is price tests the $10.43 level once more, rejects, and falls to retest the lows. After retesting the lows in the gray box, then we start the real rally higher. If this idea does play out, my current...
Chart is self explanatory. Rising wedge forming inside of a H&S top pattern. Target in the rectangle below. Will likely take 6-9 months to play out.
Volatility looks like it's forming an inverse head and shoulders, which is telling me that if price is to hold at the lower resistances, it should setup for a great long term buy and also start a more violent selloff in the S&P. I'd play this through options. If price holds that $20-21 region, then I think it's a good time to buy March 2024 calls or Sep 2024...
NASDAQ:NFLX looks like a great short here. Took some puts Nov 24 $437.5 and $435. I'm expecting a retracement down to at least $413 or $396, however lower targets also possible (hence why I added the to the chart).
Looking to enter this trade on a final retest of support at $6.44 and then exit up in the $18-19 range.
This chart is a tossup for me. However, I lean bullish here. To me, it looks like CRYPTOCAP:SHIB has 1 more leg higher to go before turning bearish over the short term. As you can see on the chart, price has held that bullish trend line. RSI is completely bottomed out on lower timeframes which to me indicates a move higher needs to happen before price can fall...
I've been tracking the movement of NASDAQ:MARA very closely over the past few weeks as I think the setup will end up being one of the best possible trades over the next month or two. I originally turned bullish on it a bit too early last week, but the chart has become clearer over the past week or so as it hasn't been able to gain any strength. From here, I...
As you can see on the chart, NASDAQ:RIOT has formed a rising channel and has broken to the downside and is currently testing the channel as resistance. Should it not be able to make it back into the channel, then my bias leans towards more downside before higher prices. As of now, I lean towards the lows getting retested or broken and a bottom forming around...
Updating my idea for BTC: The chart has become clearer over the last couple of days, I think we're close to putting in a final bottom and seeing large candle higher. The plan is simple: Buy a retest of $25.9k. Sell around $37k. I've marked off key resistance levels in between those levels. I do think the move higher will happen quickly. Everyone will be...