BTC got rejected HARD at 38k and wicked all the way down to the top of the previous triangle that was broken. Is the ETF about to be announced? What do whales know that we dont? I am out of this trade personally and holding my spot, I do have some riot calls remaining though, I moved them out to January.
I entered this hood call setup during the blood yesterday, the dotted green line is my entry. Frist profit take zone is the dashed green and the bag will be sold at 9.58ish. This selloff seems irrational to me, the market is so emotional these days.
I got some flack for my 12 $ calls in december chart but the fact remains my entry was strong and the stock approaches the strike. I still hold a 13.8$ price target but am expecting a BTC pullback soon, I will be moving my calls out to January if riot really pumps today.
LINK is continuing the uptrend as one of the most obvious plays in the market. I think sometimes people avoid it because its just too obvious it will do its thing during bullish times again and again. I am waiting for a bigger correction on Bitcoin to really throw a huge dca into this , link does however sometimes pump when BTC corrects in bull markets so be...
The demand remains since this chart was just updated, We should see a BTC pullback soon with this meteoric rise. The next key level for Sol is around 58$, then 80$. I wouldnt be entering longs into this resistance but then again its hard to short these types of tokens, I have my entry from a long time ago and am sitting on my hands.
I did enter this trade with call setups, this daily gap is a decent size and the bollanger bands are compressing nicely. The RSI has a general uptrend, the dashed green lines are important areas of historical price action. The upside is about 3x the downside on this setup.
FTNT is call setup I have for a hopeful bounce back to the 55 UPCOM:ISH region. Bullish divergence is resumed in general and after 3 massive gaps in a row the stock is pretty beat up. I do not hold this long term I would rather RTX as a defense play although they are different areas.
NAKA should cool off here for a brief reset and consolidation, it might dip into the local demand which was hard to draw because of that red candle's wicks being so large. I settled with the adjacent green candles body as an average between the two. I am still net long but hoping for a pullback before resumption. 1.9$ soonish
3ull is trending with its gaming friend and is in price discovery mode. After a brief cool off the RSI remains hot and the volume is strong especially on the buy side. I swung this from the last tap of the green line and am planning to hold until 100 mil market cap. I am not sold on the fundamentals of this token despite a real game existing. The token is way too...
PYR didnt bother with previous demand and broke both dashed green lines. I updated the demand for a likely bounce zone and expect 6.28$ soonish if BTC behaves itself.
Sol is looking to continue its uptrend maintaining the 20SMA. We are seeing a meaningful pullback with dropping RSI right into the local demand which should be a bounce zone. I looked and the depth on coinbase and others is pretty high around that zone. I think we see 48$ in the next 2 weeks. The wick I marked does tell a story of eager sellers, but it also shows...
Matic is one of my long holds and has been in an uptrend the past several weeks breaking many key resistances. The token remains above to 20SMA and is looking at another attempt at 74 cents which is a key area from mid summer. I love to see an asset bounce off a local demand which I typically draw with the red candle that has longest wicks on top and bottom...
PYR pulled back to a prior wick on Oct 25th. I updated a local demand zone for further support. RSI is deciding if it wants to maintain or pullback. A consolidation here would be great for longs.
PYPL was immediately rejected on the local supply zone. This is likely a consolidation zone for another attempt at a breakout. I am long here but the chart reads neutral.
RNDR dipped right into the demand zone on wicks as predicted. I suspect this might happen a few more times. RSI is cooling off for a bit and we are looking to consolidate.
VZ is looking to take the teal line which has had a lot of action the past few months. The 100SMA is colliding with price action. I entered VZ long around 31$ and have held onto it as a recession play with the safe dividend and apparently bottomed price action. The company beat on earnings which gave fuel to the forgotten about value stock. The next target is...
RNDR looking to break down today with many alts correcting after such tremendous uptrends. I foresee the token dipping into the local demand, or riding down the red trend line for a while.
This is a shorter term play that I have entered both in spot and in some calls for dec. 15th, the earnings report was good yesterday and the stock is showing strength. The breakout is confirmed on a 4 hour but I would like to see it on the daily as well. The local demand is small. This is the first double attempt at 20 SMA in a while as well. RSI is on a clear...