Ben_1148x2

Ben_1148x2

NASDAQ:COST with Martin Pings KST "know sure thing" indicator, which uses a composite of 4 smoothed rates of change to identify changes in trend. Shown here with a Chaikin oscillator (accumulation/distribution). If we were to enter and exit the day after a cross over the worst case outcome over the past 3 years was 1.5% return in August 2023.

Ben_1148x2

NYSE:AMT is testing the 0.786 level from the last swing high. Failure to hold makes it more likely that we continue lower. The pattern is very similar to Justin Mamis sentiment cycle. If the current level fails to hold, a scenario completing this cycle would likely align to the concentration of volume between 136-145, and to the 1.272-1.414 fib retrace. If...

Ben_1148x2

NYSE:ABBV is a great company. It's part of my long-term portfolio and is one that I've been able to manage well with technical analysis. I am not adding unless I see price fall to 155 or until we get to August/September where it hits its seasonal low. This drawdown has risk of continuation for a number of reasons: Momentum was falling as price was rising....

Ben_1148x2

KRAKEN:TIAUSD had a great run in the second half of 2023 but has cooled off in 2024. I've kept it on my watch list for future opportunities and it's had very predictable movement throughout this fib fan. The current declining price diverges with the composite index, price momentum oscillator, and detrend oscillator. Previously this has led to at least a minor...

Ben_1148x2

BINANCE:JTOUSDT is one to keep watching this cycle. First target reached for this trade. Next will be ~4.07, then ~4.50 target.

Ben_1148x2

BINANCE:XRPUSD has VWAPs anchored to recent highs and lows squeezing. These are aligning very cleanly to two fib time zones drawn from significant uptrends and downtrends. Whichever direction it breaks should continue to the next support/resistance range

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KRAKEN:LTCUSD is showing an inverted head and shoulders. I'd like to see it clear the VWAP anchored to the prior high before getting excited.

Ben_1148x2

KRAKEN:LDOUSD is showing a similar structure to KRAKEN:BADGERUSD , which just saw a 35% move. If entering here I would expect resistance at 3.15 (volume weighted average price anchored to the high of the most recent uptrend), ~3.69 (the measured range from the base of the pattern), and then between 4.01-4.30 as a possible overhead target. The opportunity is...

Ben_1148x2

UNIT. I'd like this one if we see a breakout and retest of this flag. Note that its treating the VWAP anchored to the March 2022 highs as support. When it was underneath this AVWAP its prior retraces drew down to the 0.618, making an entry at 5.44 another possible option.

Ben_1148x2 Updated 

CRYPTO:FETUSD Fetch appears to have completed an ABC correction. It established 0.48-0.56 as an area of support with the November-December consolidation and then retested that support during the corrective phase, hitting the VWAP anchored to the 10/23/23 breakout. It met overhead resistance at the VWAP anchored the the 12/26/23 prior high. Clearing and retesting...

Ben_1148x2

Breaking below the Bollinger bands warns of a possible reversal. This is a clear sign that the market is anxious about this weeks earnings. Prior breaks below can be found leading up to downside reversal in 2021.

Ben_1148x2

CRYPTO:AAVEUSD hit an expected area of resistance in the 120-128 range. The thicker blue line is the volume weighted average price anchored to the October 2021 high. This AVWAP has been strong resistance ever since and this week has seen the first retest of this level since the end of 2023. If price is going to continue higher I'd look for price to break...

Ben_1148x2

NASDAQ:AVGO is a top position of mine. I was concerned that a close below 1200 would signal a near term reversal, as this would follow the pattern of the sentiment cycle. Wicking down to that level and continuing higher in advance of earnings is a strong sign for continuation. Continuing further makes this seem more like wave 3 of 5, which could peak in one...

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Looked at this after seeing it on Druckenmillers 13f. It will likely reject at the AVWAP from the August 2023 high, but momentum indicators have turned bullish. Note the purple AVWAP from IPO overhead trending toward ~20.50, which coincides with consensus 12mo price targets

Ben_1148x2

KRAKEN:RNDRUSD is the hottest AI token right now. This retest of the 0.382 over night, the recent peak in the detrend price oscillator, and the composite index turning upward from a correction suggest that momentum carries us higher before exhausting.

Ben_1148x2

Once you work with Justin Mamis' sentiment cycle you start to see it everywhere. s3.tradingview.com AMEX:URA and uranium stocks have done very well after breaking out of a long consolidation. This perspective looks at a potential scenario for the sentiment cycle with Fibonacci confluence zones and volume weighted average prices anchored to key areas. AVWAPs...

Ben_1148x2

NYSE:DE is one of my larger positions and a company that I plan to hold in my portfolio for a long time. We are late into the overall economic business cycle and DE has guided lower on future earnings. Looking at a log view of DE from its 1968 IPO we can see a familiar trend. DE breaks out to a new high, climbing between 75-150% in the span of 2-3 years....

Ben_1148x2

I took a look at NASDAQ:WULF today when a question came up about where to look for an entry. If we draw a number of Fibonacci retraces from key price levels we can find a number of confluence zones that could be strong areas of interest for support and resistance. Then we compare 3 scenarios: enter now, look for a pullback, wait for a break higher. Entering now...