krugman87

krugman87

A head & shoulders pattern has formed in $AMEX:SLV. Price target if this fully plays out is around $25.50. I'm still bullish on silver long term and don't think this puts the bullish LT setup at risk at this point.

krugman87

I sold all of my AMEX:SILJ last week, which I'd typically wait for the yearly candle to close but it seemed like it was barely holding on by a thread and might not wait the few more days. Then the bottom completely fell out this morning. Whew, close call The 6M candle looks like death. I'm still very bullish on silver as a LT play but I don't want to be out...

krugman87

COINBASE:LINKUSD has a well defined head & shoulders forming. Around 19.90 is the key level to watch here as it would confirm the H&S and also invalidate the bullish pinbar that formed on Dec. 20th. The target for this pattern is around 13.50. Major support also sits at around 9.50, so I consider the support zone essentially being anywhere between 9.50-13.50. ...

krugman87

A bearish inside bar / pinbar pattern has formed in TVC:GOLD on the weekly charts. While these types of patterns can be quite strong, keep in mind that this is a counter trend trade which adds an additional element of risk to the setup. The invalidation level for this setup is the top of the pinbar @ $2730. Long term, key support sits at around $2080.

krugman87 Updated 

COINBASE:AAVEUSD has been building a nice long term bullish setup but the short term price action has been neutral for quite a while. Until today where we now have a short term buy signal with a pinbar continuation setup on the 1D candle chart. The invalidation area is around $164. If this starts running we could find ourselves at the 1st long term price target...

krugman87 Updated 

While I recently laid out why I think COINBASE:ETHUSD has a bullish setup brewing, I want to turn attention to BINANCE:ETHBTC . While I think both BTC and ETH have bullish setups, a case can be made that ETH is about to begin outperforming BTC and we'll likely see a period of outperformance for ETH. Currently forming on the BINANCE:ETHBTC weekly...

krugman87

BTC/GOLD is starting to break out of it's inverted head & shoulders continuation pattern that's been setting up for over 3 years now. If this breaks out we could see the BTC/GOLD ratio run to as high as 130:1. This coincides with my COINBASE:BTCUSD analysis that should BTC running to as high as $300,000.

krugman87

I've been tracking this CME_MINI:NQ1! cup and handle since the handle broke out last year. We are now 2/3 of the way to target and with the Trump pump seems ever more likely it reaches target. I still believe there are some nasty times ahead sometime after the 10Y3M fully uninverts, but in the meantime I'm looking up. 25,000 is the big target for the nasdaq.

krugman87

I've been neutral to bearish on COINBASE:ETHUSD ever since price broken down from the descending triangle and lost the key $2,800 support level. My line in the sand for getting bullish again has been the reclaiming of that level. Price continued to consolidate underneath $2,800 with that level acting as resistance. Then came the presidential election where we...

krugman87 Updated 

My positioning Anyone who's been following me for a while knows I've been quite bullish on silver for the past few years. In fact, I initiated my AMEX:SLV position in early 2021 when it was in the low 20's and then in late 2022 I rotated almost 50% of that position into AMEX:SILJ when it was right around $8. It was mostly dumb luck but I nearly bottom...

krugman87

The past 2 years Anyone who's been following me for a while knows I have been and continue to be quite bullish on AAVE. My first large buy this cycle having been around $55 in 2022, with additional buys on the way up at $70 and $100. COINBASE:AAVEUSD has been carving out higher highs and higher lows for the good part of 2 years now. Then in July we got a nice...

krugman87

The past month I recently decided to move all of my chart analysis posts from X over to TradingView, so I'm going to be picking up here where I left off over there. The last time I posted about COINBASE:BTCUSD I was watching the long term cup and handle pattern and how price was reacting to the upper resistance area of the handle. For the most part, price had...

krugman87

I'm liking the cleanliness of the 2011 - 2024 cup and handle. I am going to be a little unconventional here by going with a % target rather than $ target, which means I'm looking for a nearly 100% increase from the top of the cup ($2050) which gives a target of around $4100. It could certainly go higher depending on geopolitical issues, global finance issue,...

krugman87 Updated 

I'll start with the weekly RSI bullish divergence off the 2022 and 2023 yearly lows. In addition to that, there is also a nice bullish pinbar on the 4M chart. This also hints to a possible bottom/bullish reversal. Price is now pushing against the trendline resistance (from Mar 23' to Jul 24'). Once price is able to break and hold this area it could really...

krugman87

LINK looks to have failed a 3rd attempt to breakout, locking in a very large bearish engulfing pattern on the weekly. If this pattern follows through I'll be looking in the $2.70-3 range as a major support.

krugman87

While ETHUSD isn't looking the hottest right now, ETHBTC is looking pretty good. ETH was able to put in a bullish inside bar/ pin bar vs BTC on the weekly. For this setup to remain valid price needs to stay above the low of the pin bar but optimally I'd like to see it stay within the channel. Target would be the upper end of the channel if the setup plays out.

krugman87

Looks rare! Someone grab a crypto-ball quick! Looks bullish as well

16:31

krugman87

I look at ETH from a few different timeframes (1D to 1W), analyze the drop and reversal that occurred this past week and then look at the big picture.