benjihyam

benjihyam

If you look at the chart, you can see that every time we've touched the blue trend line, price has bounced off of it and gone higher. If price bounces here and forms a lower low, then I think the setup is there to finally break the trend line to the downside and head lower. If price breaks below that trend line , then I think the structure of the chart turns...

benjihyam

I hate being bearish here, but the charts show that alts are going much lower. Comp has a pretty clear trend here. I think it's likely that price goes back up and retests $68 here as that's the level price broke through on the way down. If that level can't break, it sets up a final leg down to the lower supports between $11-16. If it gets down to that level,...

benjihyam

Ever since November/December, BTC has largely moved sideways in a wide range from FWB:88K -$109k. Now that we've bounced off of $91k again this morning, I think that sets BTC up for a big bull trap. I think that we're likely to go to new highs either this week or before 2/21 up to the top resistances (although we don't necessarily have to make it up there), and...

benjihyam

CBOE:UVXY has two big hurdles it needs to make it over before it can see higher prices. 1. It needs to get over the 200DMA (light blue line) 2. It needs to get over $30 As you can see, price has been consolidating in a channel since the August spike and IMO is almost ready for a big move. I think this move will likely take place the second half of February and...

benjihyam

If we look at the TOTAL 3 chart, you can see that we've just formed a double top. I lean towards one more leg down here that plays out towards the second half of February and potentially into March. I think price has the potential to get down to the 630B support, but can start scaling in around 775B. Many alts still look like they have another 50% lower to go...

benjihyam

AMEX:SPY looks like it's formed a low for the short term when it failed the H&S pattern. From here, I think it's likely that we fall back into the $580-588 to scare everyone into thinking there's more downside, but if that region holds, it'll set up a trigger long all the way up to the $614-$630 region. I think the move higher should play out by mid-February...

benjihyam

NASDAQ:MSTR looks pretty bearish here. We're trading under a key support and it looks like it wants lower. I think if the next candle turns red, then we're likely to see a large selloff all the way down to the lower supports. If we can make it back up above this support level at $363, and close above it, it would be a trigger long. Then I think we're likely to...

benjihyam

This chart looks extremely bearish to me. I think everyone has become complacent to dips and that makes me worried for the downside in this one. If we lose the $336 area, there's very little support below it. I think below that area would setup a test of the 200DMA at $244, but I'm actually worried we fall all the way back to the trend line before the next...

benjihyam Updated 

AMEX:SPY is putting in a short term top here. All of the signs are there if you know what to look at. For example, NASDAQ:TLT up 2% today. AMEX:SPY sold off throughout the day. Crypto selling off. Volatility starting to react at the bottom of the range. Dollar continuing to rise. The chart also is failing at resistance. I could see one more attempt at a...

benjihyam Updated 

I originally thought that we'd see a move higher off the bounce from $69, however the chart has now morphed and looks more bearish than it did over the summer. If we break the trend line to the downside, then I think it's likely that we can see a crash to the $40 region before the bull market in oil really starts. Let's see how it plays out over the coming months.

benjihyam Updated 

It was a fun run for NVDA but it looks to be coming to an end. We've reached max stupid in the stock market and the correction is about to be painful. Not sure what's going to cause this type of a move, maybe SMCI news ends up being a bigger deal in earnings than what was initially let on, maybe people finally realize the hype cycle in AI is way ahead of where...

benjihyam

NASDAQ:MSFT is one of the worst looking tech charts out there. There's a large H&S top that has formed and if it breaks below that blue trend line it's going to get ugly quickly. I think it's possible we see a 20%+ decline over the coming months back to that $312-316 level. 1D, 2D, and 1W Heikin Ashi candles are all bearish. It would take a miracle for this...

benjihyam

NASDAQ:COST looks exhausted here. If you look on the weekly we got a big spike up that then closed under resistance which is usually a pretty good bearish signal. I think NASDAQ:COST will start it's way down to the ~$400 support levels over the next year (by the end of 2025). However, I think in the short term it's likely that we'll bounce at $761 or $667...

benjihyam

BTC has had an impressive run. I got long right before the last leg higher pre election. BTC overshot my target by $6k, but the idea still remains that the FWB:83K -86k is the important resistance and I think we break back below $86k and then start a correction lower. Everyone is extremely bullish here. Coinbase is the #1 app in the app store again and while I...

benjihyam

I've been watching the CBOE:UVXY for months now trying to anticipate the next large move. Throughout September and October I was anticipating a larger move to play out, but we ended up just trading in a range. Luckily got a few profitable moves in the chop and got out at the high right before the election. Then I thought there would be a larger drop. I entered...

benjihyam

If we look at the NASDAQ:META chart, we can see that price has rejected from the top resistance multiple times and has now formed a lower high. If price can't manage to break above that level, then the most likely scenario is that we see a breakdown from here down to that first support level and trend line at the $478-484 level. Let's see how it plays out over...

benjihyam

Orca has been consolidating inside of a bull flag and looks like it's set to break higher here. Should we see a move above $3.80, we should see the next leg continue up to $5.66 - $6.15. Invalidation below $3.10.

benjihyam

The NASDAQ:AAPL chart looks weak. Since October, you can see price formed a lower high and now has been consolidating in a bear flag. Should the flag break down, I think we'll see a sharp move down to $200 or one of the supports below it. Why such a large move? The chart has an imbalance on it from how quickly price rose in the first half of the year. I think...