VZ rejected the golden fib. I marked two downside targets that have a fair amount of price action. If we lose the OBV trend we will likely hit both. This makes sense as VZ corrects on a major run from last year. The dividend alone outperforms money market, I expect people to flock to value this year as tech is way overheated and rates will eventually drop.
LINK pumped when the rest of the market was down. LINK tends to lead the next leg up for BTC by a few weeks. This is a fairly clear bullflag with a projection past both of my short-term price targets. There is a strong consolidation on the first historic price target, this is bullish. The stochastic RSI is pointed downward, if we can get a reversal soon this flag...
If you have been following me for a while I played both FTNT and RTX gaps fairly well and am very thankful for those trades and the patience. I started layering into FTNT just below 60$ spot recently as I decided I was willing to hold it long term. I have a bag of march 15th 70$ calls that I will most likely sell entirety of tomorrow. Its hard not to sell calls...
It looks like my RNDR idea for a breakout played out nicely to the day. I was hoping for the same on INJ but that pump fell short after a few days. With NVDA strength I expect RNDR to keep pumping. Maybe a test of that golden Fib for support then a test of the teal line that converges with the next fib ~5$.
PEndle has greatly exceeded my expectations, I am up a clear 5x at this point but not willing to sell anything just yet. I did expect a correction on the top of this channel but I believe the token had a short squeeze. This is my #1 pick for the arbitrum ecosystem and with good reason. If this OBV trend continues the token will continue to climb. If you are...
BTC looks like its finally going to dead cat here on the fed bearish outlook for rate relief. I am heavily eyeing the OBV here, if this breaks trend we are going to flash crash. The stochastic not pictured here is also coiling downward. I drew these blue path lines a while ago it would be crazy to watch them mostly follow the dead cat to the date here or close to.
The markets are getting crushed today and I believe this will be the second washout for Coin. OBV is testing to the downside which indicates sellers taking control, momentum is slowing. Coin already hit my first downside target and I marked a second area of interest at 110$. I have conferred with a few other long-term traders and 85$ is the most bearish scenario...
Link has lead the market during the last several bear markets. I believe this Link run is the start of the BTC run, I do still expect a quick washout before the halving. Link likes to do its own thing when BTC gets boring. I expect 20$ here and am hoping to get this washout over with. BTC could surprise and not dead cat which would lead to a hype cycle.
Pendle is one of my favorite tokens in the Arbitrum ecosystem. I have been covering since about 60 cents and am heavily invested myself. I believe this momentum is about to break and we are looking at a reversal to the downside. The long wicked Doji candle is a sign of reversal as well as another tap on the upward portion of the medium term channel. I would be we...
At long last rndr takes the golden fib, a key trend is pushed on the teal line. I expect 5$ today. And 5.4 soon after. We will reach price discovery sooner than you think.
Oxy in contraction on both Stochastic RSI and price action and sipping on the demand zone. With oil likely close to a bottom I am starting to average into yearly calls. I am bullish on oil as a whole here, this is a safer longer term play than RIG imo.
SOFI one of my larger holdings is right back down to the very important real line that has served as resistance and support for months. I was able to sell half of my 10$ strikes during that pump to secure initials. I am still very bullish on Sofi long-term and have always believed large banks are manipulating the stock. I am patient here and willing to keep my...
BMY had a great earnings report on this undervalued stock, I did cut PFE shortly after entering it a few weeks ago to all-in on BMY as my pharmaceutical exposure. I believe this will be a great value play all year. My short-term target is still 55$, but 60$ is definitely in the cards as the price was way below fundamentals.
Myro finally has enough price action to draw a fib retrace instead of extension. Retraces are better than extensions in my opinion as they show price history on the downside. Fib extensions are more theoretical and less reliable since price discovery can do literally anything. Memes tend to pump VERY hard in two waves, and then most of them die off and never pump...
Looking at my previous chart I believe there is a hidden head and shoulders to play out before this bull flag everyone is calling for.
PYPL is finally testing the monthly resistance after breaking the weekly trend. The stock is forming a wedge with an upward short/medium term target of 74$. I am comfortable entering yearly calls for 100$ strikes at this point. Call open interest is massive on this stock. There is no way the company is only worth 60 billion dollars with 30 Billion in revenue and...
3ull had an amazing run and I was able to lock in my initials. I am sitting tight and patient as the team puts out updates. I have no plans on capitulating on this since I am already in profit. This is the first higher low weve really seen on the multi day timeframe. I do expect some gaming tokens to run even if BTC is sideways or bearish.
Total 3 (alts minus eth and stablecoins) is following the path I drew for the most part, at least overall. I expect a brutal and lengthy washout. This is just the start. I am not in any levered positions. Most of my positions I have locked them in a long time ago except or a few select choices. When and if BTC dead cat bounces we could go much lower than this....