I am expecting a rather ferocious dead cat bounce on BTC and BTC related stocks in the near future. I have also been trying to use the OBV indicator more often on daily and weekly charts. MARA lost steam very clearly recent and I am hoping for an aggressive bounce to around 18$ before the dead cat as BTC dumps to 32-36k. This will be a perfect long term setup as...
This is a weekly view of the previous daily chart on BTC. My these on a huge cup and handle still remains and this downside move will complete the handle before liftoff. I believe it takes a few months for buyside strength but once it starts we move to all-time-highs.
BTC is following my projected path fairly reliably so far, I still predict we dead cat bounce here, alts will rally, BTC will show strength lead by Coin stock. We will then see a very harsh correction to 32-36k, we might even drop as low as 28k technically with Coin in the mid 80s, be careful out there. OBV is showing a reversal here, likely a quick washout but a...
Sei broke out of the contraction violently for a nice pump just before the altcoin markets caused blood in the streets. Sei returns to the base of the fib extensions, thankfully on a wick. I added a daily demand for supportive context. I believe this washout is mostly finished, and now consolidation or upward. Be careful of a BTC dead cat bounce in the coming weeks though.
Pendle is still grasping for my 2.71$ target despite the recent harsh altcoin pullback. Be careful even though this token is hot I still believe we get a dead cat bounce on Bitcoin in the next 30-45 days. BTC looks to reach 32-36k most likely before new all-time-highs. That said this is a typical momentum play, my favorite kind of token to buy into, I am never...
Pendle has had the biggest bounces after these bloody downmoves when compared to the rest of the market. This longer-term minded project benefits investors with a higher time horizon as you can purchase assets at a discount long-term. These bond-like assets grow to maturity much like treasuries. This is why I am so bullish on the project, as important metrics like...
Oxy is a stock that warren buffet hyped up last year, this is an old school company that has an impressive business track record. I believe it will perform this year, after a long consolidation and multiple retests of this 56-58$ region I forsee it breaking out this year like my AVUV chart I published. Remember, the longer the consolidation, the stronger the pump...
After calling the Sol top I thought I could catch a quick compression and upward breakout before a deadcat. Boy was I wrong, the trend is your friend, and the trend was bearish. When Total3 and Bitcoin / coin stock started reversing the entire market should have been obviously bearish. This is exactly why I do not trade leveraged futures for crypto. I also rarely...
Next monday is a huge day for Sofi investors, the first GAAP profitable quarter is expected to be announced and the stock could rip or dip on the news. I am a sofi bull and was all last year and am heavily positioned into this setup. This volatility only makes options more lucrative as the Vega on these calls is insane. I chose the June 10$ strike to have some...
QQQ broke all-time-highs and is looking to follow SPX into price discovery. I believe our irrational markets will lead us to a 450$ QQQ soon. OBV presses to a new region not seen before. I believe that investors are flocking to mag 7 since they have such huge cash positions to hedge their business activities. With interest rates higher for longer mag 7 looks to...
INJ is having another possible 40 day consolidation phase before blast off round 2 here. I expect this to play out for the most part with an upside that is very hard to predict since we are in price discovery. I am hoping we break at least 56-60$ on this next leg up but the consolidation could take longer. Given that the sp500 seems to not care about how messed up...
Pendle has respected the price discovery fib extensions fairly reasonably as it grasps for new all-time-highs each week. This is my largest Arbitrum holding, after I sold out of GMX I doubled down on the position at around 90 cents. I am still standing firm on a price target of at least 1 billion market cap, or 10$. I plan on selling the entire position around...
If you have followed me since the beginning this was one of my first published GAP trades, I traded GAP 1 and it turned out really well. I would much rather hold calls on this than FTNT right now because if the market takes a downturn with impending conflict in the east I think RTX holds up. I am going to start layering calls here on this golden fib rejection, Id...
Coin is finding support on the trend line from October. An important Fib level around 140$ should provide additional support if this does not hold. This selloff was definitely needed as the stock was extremely overextended. I continue to hold my entry from last Jan and do not plan on selling anytime soon.
FTNT is attempting to break through the start of the GAP, I am heavily positioned in feb-June calls at various strikes. The upside here is tremendous, I have been adding spot as well leading up to this moment, lets see how it plays out. The golden fib is a very important momentum indicator, if this breaks the entire gap may be filled in a matter of weeks.
NEAR after breaking out of the key monthly resistance has been riding the trend line down which is fine. I believe this is a false breakout and we need a lot more bullish posturing to push the price up here. I added a blue line of contraction and support, this could be one of the wedges I like to trade considering the candle bodies keep starting at the same price...
Altcoins are looking to continue to bleed here as Total3 loses support. Total3 excludes Eth and stablecoins. I think we see my medium term target of the red dashed finally, possibly a dead cat here as well. The only hope of altcoins staying strong would be if ETH pumps which is unlikely in the market. The weekly chart on ETH is losing steam as well.
BTC looks like its headed for a dead cat here on a nothingburger ETF setup. The volume on these ETFs is tremendous but it will take a couple months of consolidation to really pick up steam here. The overall markets are very sketchy right now in my opinion, I am only trading undervalued stocks right now with leverage such as FTNT. I am all spot and accumulating...