Mara and Bitcoin related stocks have taken a beating, add that to the recent blood in the tech sector and its a recipe for disaster. I have been averaging into this dip after switching back to Mara over Riot. I will admit I made a major mistake thinkin that Mara share dilution would matter during this hype phase. I am going to stick with my original thesis on Mara...
Sol is looking a lot like AVAX, or should I say AVAX is looking a lot like Sol. Sol is a great predictor for the altcoin market these days considering it has a 40 billion dollar market cap. This chart looks just as bullish as AVAX albeit having a few more sticks to create the wedge, I prefer candle bodies over wicks any day. Either way I expect this to break to...
I originally thought there would be a complete breakdown on AVAX down to 29ish but with ETH showing strength and many alts Rallying. This wedge and contraction looks more bullish than bearish. Volume and RSI have dropped precipitously. Will we get another explosion like we saw last wedge with this much contraction and consolidation? I am buying here, I sold my ETH...
Pendle looks like 2$ today on strong volume. After this strong sideways consolidation this is expected from one of the best networks on Arbitrum. I have remained bullish with a long-term end of year price target of 8-10$.
Sofi has revisited a prior area of long term resistance. Will this hold for support? This heavily manipulated and shorted stock has been a real roller coaster. I still hold a large spot position and doubled down on 10$ strikes for June on this dip today. I expect profitability to throw the market for a loop and a short-squeeze on earnings. My price target is still...
This is a trade I am thankful for. I had the patience to sit in MYRO with a small bet and watch it explode for a very quick 10x. I saw that SOL was down and MYRO was heavily overextended and sold 50% of my tokens this past Saturday. Sol is up Myro is down, this is a great example of why you dont need leverage when you trade. You beat the market by selling out of...
Today I added Sei to my portfolio on this contraction mostly based on the chart. Cosmos is my favorite ecosystem by far and I thought it would be good to have more bets on the eco. I sold all of my Matic on Polygon into Sei, I also exited a few gaming tokens on that chain since I want to rid myself of Polygon. Polygon is still slow, and much like ATOM, MATIC is...
My price target for myro momentum on Solana was hit, I sold half of my bag for a clean 10x. These momentum plays you have to just sit in them and let them play out, if the volume is there you have to be patient. I will try to hold this for a few more months to see if it can play out bonk levels of hype. Id love a pullback at this Fib here to the gold and some...
I believe Dino Polska is one of the best run companies in the world. Between organic growth, low debt, and many other factors which I do not have time to discuss, I choose it over COST/BJs etc. I buy this stock OTC on Fidelity, I do not mind that it is illiquid at this time. Today a competitor had fairly bad earnings which crashed the sector in the Polish markets....
If you have followed along this is my second call of the Coin local top in the last year. My first price target is the dashed red line and a more bearish scenario would be the Fib below around 118$. I did enter this stock spot around 40$ so am sitting pretty regardless. I do like to buy puts when I think the stock is way over-extended, this rewards those who are...
After calling the top of Sol the chart played out very well for my setup. Currently Sol is struggling to hold this fib level wicking way past it at times. If this doesnt hold I would say 76$ is in the cards at the golden fib. There is some historical price action around 78$ as well and that is my marked first price target if this Fib doesnt hold.
Metis hit first price target on strong altcoin momentum. I think the next fib is likely pretty soon as a previously stated. 130$ by end of month is likely and the a much needed correction.
Pendle has exploded again with the arbitrum liquidity pump. I added fib extensions to attempt to realize some price levels for overextension etc. Pendle is my largest bag in the ecosystem after I sold GMX into the token to add more. I think there might be some resistance at the psychological 2$ level but we could easily extend as far as 2.1ish. Remember the longer...
PYLP is tremendously undervalued right now, I believe this stock is being manipulated much like SOFI, the weekly demand had a nice buy zone for a few weeks and the stock is looking to be very cheap here. Look at open interest on jan 2025 its over 125,000 contracts, someone knows something. My first price target is 74$ q1 or early q2. The second diagonal resistance...
AKT is currently testing momentum on the very important goldlen .5 fib. If this can be tested a few times and flipped to support the bullish trend will be strengthened and continue. I recently swapped my sol into akt around 2.3$ ish. I plan on staking and holding this for the impending BTC bull run all year.
Hammond I covered a few times in the past. This illiquid small cap is a larger player in my portfolio and performed exceptionally well last year. Momentum wise, the stock just confirmed the almighty golden fib. I expect great things from this compounder in the future. My thesis for this stock revolves around the fact they are one of the major players in the...
A common market dynamic that I find newer participants asking about is Bitcoin dominance and how it effects Altcoins. Total3 is all altcoins minus Ethereum and Stablecoins. Look at the direct inverse relationship these two setups tend to have. Since the king (BTC) tends to lead total market moves, many participants take profit from more volatile altcoins directly...
As the ETF is pending, BTC rises and many altcoins fall heavily, especially the weaker narratives. The BTC cup and handle is playing out at the start of this new year. I believe the golden fib is next 56%, a huge price increase for BTC looms.