Bitcoin short term timeframe and longI went a little short. Pretty tight up on the underside of that 200 for bitcoin, if I dare say so myself…I just jinxed it, didn’t I? …shee!t…lol
Sold some MSTR as well today in the after hours. It gave a tiny polite pop this time to let us get some out 😊 I’ll dca fully back in inside a week or two.
Bitcoin chart…same range, but I trimmed some this time at 63. I was tired of watching that damn chart range for months and just holding my pp. My average was from 2023 so I thought ‘why not try for a bit’. I have alerts set at 59 and 57 to place the proceeds back in.
I think this might be the last downturn for BTC honestly. Buying from now till Halloween is going to feel real nice for anyone in 4 months. The blue arrow points to Batman in the RSI. Yep, there he is…top 3 best head and shoulders RSI Batmans of all time.
Take care all,
MR
Batman
INVERSE ADAM AND EVE + INVERSE BATMAN PATTERNS! BULLISH!Several bullish patterns! Slowly showing what patterns are in play here. Difficult to trade if you are new, but starting to make sense for someone who has been trading for several years. This will likely rip up as previously stated. That Batman pattern is not my imagination but an actual pattern traders use It is similar to a Head and Shoulders pattern except that in the Batman pattern, the Head structure is smaller and the shoulders (representing the ears) are larger :D
ROKU - Falling Wedge Breakout + Bull FlagWeekly Timeframe:
Strong Hidden Bullish Divergence
"Batman" Pattern
Major volume spike at $100 bottom, aligning with previous support areas
Daily Timeframe:
Broke out of a Falling Wedge
Bounced at an RSI-based supply zone
Formed Bull Flag just under supply zone and volume shelf
65m Timeframe:
Bull Flag under supply zone
Rejected Trendline formed from March 15th bottom
Volume and flow suggesting short term bullish sentiment
I expect a bounce for the severely beaten-down stock. Whether it will be a full revival to all-time highs, I cannot say, though I am quite doubtful. Playing the short term bounce. I am leaning bullish, but will stay neutral and watch price action.
With a breakout from the bull flag:
PT1: $136
PT2: $140
PT3: $142
PT4 (Stretch): $148
Failing the trendline would invalidate this setup and could be cause for puts.
huge insider buys in T with trading planCEO John Stankey and CFO Pascal Desroches bought into AT&T with their new focus on 5G only in hopes of being valued more like a CHTR or TMUS. The insider buys totaled 4.5 million dollars between the two.
CHTR and TMUS have far outperformed T, and pretty much every other stock for that matter over the past year. With the dividend being cut and the massive burden of trying to be a second-tier player in the streaming space, which has been getting more and more crowded and difficult to operate in, should allow them to hyper focus on the growth areas of their business.
This is a huge vote of confidence; granted they were buying into weakness, they still are putting their money where their mouths are and are dead-set on wiping the dust off this old dividend play stock which was more like a bond/fixed income than anything else.
*Personal trading plan* Buy stock and long naked calls expiring October 15th at the $30 strike price to give it plenty of time to come to fruition and begin trading closer to its new peers.
Batman head and shoulders, be wary!Ha, well after my last prediction there was an immediate jump instead of a drop but there was some correlation with my idea until we had the Coinbase dump, lots of build up for an anticlimax, engineered that way? perhaps!
Well, for a laugh, here is a Batman head and Shoulders, my feeling is this support line is going to tease us, shall we see how radical this theory is, you got to admit it does look like batman. Happy trading people.
Not financial advise btw :) Just having some fun.
NQ Batman Pattern Lives and Risks on the DownsideSince NQ started that awesome batman pattern back on July 20th, It has been swinging wildly up and down. But we find ourselves back at the top of the channel around 11,000 where anything can happen. So far NQ has burned up to tap a bit over 11,000 and correct immediately. We expect no different this time, but that doesnt mean it cant break out and fling itself higher. Maybe 11,350? That's where my top red line is at so that is pure speculation. However on the daily NQ looks like it is in a very gnarly ascending flag, bear style and ready to tear a new asshole into some FOMOing retail traders.
We should know quickly this week if NQ needs to burn down or it will make a break for the border above. Until then I would keep your trigger finger near the sell button and set up some alarms both ways. If it flies up, let it run and then take profits! If it decides to fling itself to earth like the Space X Dragon Shuttle, then drop that b*tch like a hot potato. You can always buy more, but it sucks being underwater. At this point in the game, NQ has met its match for the moment and unless it clearly and decisively breaks through, we can expect this puppy to leave orbit and take a one-way ticket back down to earth.
NQ short: SQQQ (use rarely, because shorting the NQ 99% of the time is like predicting you are going to be a millionaire tomorrow. Sure it might happen and maybe eventually it will happen. BUT LIKELY IT WON'T HAPPEN, so don't waste your time hoping).
The Dark Knight (NVDA) is Flying high! Wayne ReversalGood morning, Bullish Benji Fanatics!
Another Chart analysis here.. by the prophet, the Winged bandit himself, the one and only, Bullish Benji.
NVDA has been struggling as of late breaching 250 then retreating back lower multiple times which has indicated a sell signal to most investors..
However, Benji is not one of those investors. NVDA did fail to breakout past this 250 many times yes.. But if you look at the Bruce Wayne Wings easily spotted in the chart after careful review you can see after this made a move back to 230 yesterday.. This isnt your standard BAT pattern, which is why Ive been calling it Wayne Wings. If we breach 235 this can retrace back up to the 250 zone. This is where things get spotty. I give it a 65% chance of making it to 300 if this 250 level is breached once more.
We have been hanging out at these sub 250 levels longer than Alfred caring for master Wayne.. So, its time for the next leg up. Hoping the Market is solid, the crime remains down, and your hero Bullish Benji watches over the market to provide analysis with his bat like reflexes.
-Benji the Bat