TRX Tron Consolidation AreaIf you haven't sold TRX when the retracement started:
Now, I think we are going to see TRX Tron trading in the consolidation area, between $0.10 and $0.12 for the next week or so.
Buy-sell
ADA Cardano Double TopIf you haven`t bought ADA before the altcoin season rally:
Now, I believe we are going to see a retracement from this Double Top formation, one of the most bearish chart patterns, to $0.53!
MSTR MicroStrategy Incorporated Fair Value | Potential Sell-OffAchieving a scenario where MSTR trades at parity with its Bitcoin reserves would necessitate a remarkable surge in BTC price to $157,000, marking a staggering 130% increase from current levels!
At today's BTC price, MSTR's ideal settlement range would hover around $775-$800, representing its fair value!
Adding a slight premium, my adjusted price target for MSTR would be $960!
The growing popularity of Bitcoin ETFs presents a challenge to MSTR's relevance, making it useless to hold MSTR at such a high premium to its BTC holdings!
It's worth noting that CEO Michael Saylor sold 1,508 shares of the company on March 14, 2024.
Should we sell GBP/USD?GBP/USD is facing downward pressure and has slightly dropped below the 1.2600 level during the European trading session. However, market volatility could increase towards the end of the European session, potentially necessitating a retest of the support zone at 1.2584 during the U.S. session.
BTC Market AnalysisCurrently, Bitcoin is experiencing a simultaneous price surge with indications suggesting it will break through the resistance level of 71,649.
It is anticipated that after surpassing this level, the price will continue to rise significantly.
There are predictions that Bitcoin may approach the level of 73,862 in the near future.
Following this milestone, there is a possibility that the price will undergo a corrective phase before rebounding towards the support zone at 68,409
What do you think about USD/JPY?In today's London trading session, the USD/JPY pair maintained stability within a narrow range around the 151.30 level. Market forecasts suggest that this pair may continue to fluctuate within this tight range, potentially experiencing a slight decline before rising to confront the resistance zone at 151.977. However, there is a possibility that it may subsequently revert to a downward trend in the near future.
Overall, the USD/JPY pair is still undergoing a significant decline, and investors may need to closely monitor market developments to make informed investment decisions.
How is the gold market performing today?From a technical standpoint, the price of gold has experienced a period of stability and upward movement over the past two weeks. This indicates that the price oscillation range is still holding within the area of resistance turned support, with prospects for a breakout to the upside.
On the other hand, recent downward adjustments have found support around the $2,173 region, before the range of $2,164-2,163. Next is around the $2,146 mark, where a breach could potentially trigger strong selling activity in gold.
BRZE Braze Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BRZE Braze prior to the earnings report this week,
I would consider purchasing the 50usd strike price in the money Calls with
an expiration date of 2024-4-19,
for a premium of approximately $5.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BONK Potential ReatracementBONK is on the verge of creating a double top, with a possible retracement target at $0.0000193, aligning with the 0.5 Fibonacci retracement level.
It appears significantly overvalued.
In my view, this meme coin bubble is poised to burst soon.
ADA Cardano Potential Retracement SoonIf you haven`t bought ADA just before the rally:
Then using the Fibonacci Retracement tool, I believe there will be a new buy opportunity in the $0.58- $0.62 range!
TRX Tron Potential Retracement SoonUsing the Fibonacci Retracement tool, I believe there will be a new buy opportunity in the $0.10 - $0.11 range for TRX Tron!
MATIC Polygon Potential Retracement SoonIf you haven`t bought MATIC before the rally:
Then using the Fibonacci Retracement tool, I believe there will be a new buy opportunity in the $0.92- $0.98 range!
TMC the metals company Options Ahead of EarningsIf you haven`t bought TMC before the previous earnings:
Then analyzing the options chain and the chart patterns of TMC the metals company prior to the earnings report this week,
I would consider purchasing the 1.50usd strike price in the money Calls with
an expiration date of 2024-4-19,
for a premium of approximately $0.27.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Bitcoin (BTC) to $8890 on BitMEX Exchange! A whale sells 400 BTCIf you haven't sold BTC when I literally called the top:
Then you need to know that a substantial sell-off of more than 400 BTC took place on the BitMEX exchange, causing a temporary drop in the CRYPTOCAP:BTC price to $8,900 before stabilizing.
BitMEX has launched an investigation into this unusual activity.
It wouldn't be surprising to witness similar sell-offs on other exchanges.
According to Fibonacci retracement levels, my short-term price target is $59K.
ETH Ethereum Short Term Price TargetIf you haven't sold ETH when I literally called the top:
Then you need to know that according to Fibonacci Retracement level, the institutional support is around $2900.
ZIM Integrated Shipping Services Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ZIM Integrated Shipping Services prior to the earnings report this week,
I would consider purchasing the 12usd strike price Puts with
an expiration date of 2024-3-15,
for a premium of approximately $1.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
PATH UiPath Options Ahead of EarningsIf you haven`t bought PATH before the previous earnings:
Then analyzing the options chain and the chart patterns of PATH UiPath prior to the earnings report this week,
I would consider purchasing the 23usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $4.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
STNE StoneCo Options Ahead of EarningsIf you haven`t bought STNE before the previous earnings:
Then analyzing the options chain and the chart patterns of STNE StoneCo prior to the earnings report this week,
I would consider purchasing the 17usd strike price Calls with
an expiration date of 2024-3-22,
for a premium of approximately $1.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BTBT Bit Digital Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BTBT Bit Digital prior to the earnings report this week,
I would consider purchasing the 2.50usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $0.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DOGE Dogecoin Potential Retracement SoonIf you haven`t bought DOGE Dogecoin before the rally:
Then using the Fibonacci Retracement tool, I believe there will be a new opportunity in the $0.125 - $0.140 range!
ZM Zoom Video Communications Options Ahead of Earnings If you haven`t sold ZM before the previous earnings:
Then analyzing the options chain and the chart patterns of ZM Zoom Video Communications prior to the earnings report this week,
I would consider purchasing the 61usd strike price in the money Calls with
an expiration date of 2024-3-1,
for a premium of approximately $3.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MARA Marathon Digital Holdings Options Ahead of EarningsIf you haven`t bought the dip on MARA:
Then analyzing the options chain and the chart patterns of MARA Marathon Digital Holdings prior to the earnings report this week,
I would consider purchasing the 26usd strike price Puts with
an expiration date of 2024-6-21,
for a premium of approximately $7.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
As you can see in the chart, I'm bearish short-term but bullish by the end of the year.
