BonoboJoJo

BonoboJoJo

It's all in the chart picture. Nasdaq 100 is looking like it may quickly retest the prevailing support trend, and this is often a high probability of bearish breakdown of trend. I will open long SQQQ if we break convincingly below trend during regular session. Cheers, JoJo

BonoboJoJo

Is definitely not a sure thing at this point, but wanted to point out the potential for a strong head and shoulders pattern forming with 20K as the neckline. My bias is short right now

BonoboJoJo

AAPL is testing it’s long-term support line again after only a few weeks, confluent with testing the 50 week SMA. Increasing volume. RSI on downtrend and divergent with price trend. Will open short if trend line is broken convincingly.

BonoboJoJo

ETH has been trading in a bearish descending wedge, and is currently trading in a symmetrical triangle within the larger wedge. If minor support on the triangle fails, we will likely test the bottom of the wedge. If bottom of wedge breaks then we will likely test 1700 major support, and if 1700 fails could easily see 1300. Any break above the bearish descending...

BonoboJoJo

I haven’t been following Coinbase all that closely, but fired up the chart and rarely do you see such a classic inverted cup and handle on the daily, confluent with the established support line. Big break to the downside, would have been fun to trade this one, a bit of a nailbiter!

BonoboJoJo

Dont have a perspective on short term directino, just noting Apple still trades near the top of 4 year bullish uptrend with multiple failed breakouts. Ill be interested in accumulating anywhere at or below the medium line.

BonoboJoJo

BTC testing lower support of bullish megaphone, if broken with force will result in completion of H&S formation I called out, and price will fall to H&S Neckline (which is also a macro pivot point for price, coincidence?). If neckline broken convincingly, next support is historic major support around 30K Be ready for a short, GL!

BonoboJoJo

Tesla has seen massive growth as everybody is already well aware, but at log scale the growth has formed a parabolic channel which we are pretty near the top of. Any significant and sustained break through this upper trend line represents the formation of a new macro trend. Significant rejection is worth considering a short position. Good luck!

BonoboJoJo

Chart is self-explanatory, Watch out for massive head and shoulders formation on the weekly, potential retest of prior dynamic resistance, which will now act as support if not broken

BonoboJoJo

Chart pretty much speaks for itself. Seems like the beginnings of a big head and shoulders pattern until invalidated

BonoboJoJo

Taking a simple regression of the start of the last bull trend, cutting it off at the Covid crash, then extending the 2 STD dev lines forward, it is completely obvious this market is going to blow off some steam and likely retest SPX 4K at some point this year. I don’t doubt that we can go higher- I can see an exhaustive move to 4600 SPX in the cards over the...

BonoboJoJo

Really nothing to say, just noticed that we are now inside a larger triangle. I don’t really have an opinion on price direction from here

BonoboJoJo

Just a quick update to my previous ETH ideas, I am still planning to go big long from 1300. Not a whole lot more to say, chart says it all. Good luck!

BonoboJoJo

Well here we go again, I am back to spin the roulette meal that is GameStop. Full disclaimer, I have gotten lucky on this ticker… and made money for all the wrong reasons. also lost money for… The right reasons? Anyway, I will be playing this one again despite my hesitancy, as I feel a really incredible opportunity for an options play could present it self here...

BonoboJoJo Updated 

If you don’t have an appetite to enter the market at these prices, and are waiting for a pullback, 34K represents the first solid volume shelf that we will run into should we fall out of the current trend

BonoboJoJo

Check out my previous idea, where I called out an excellent short opportunity. I entered at around 2000, and have since closed the trade at 2650 It is hard to predict where we will go from here, but my gut tells me we will test major support at around 1300, so that is where my buy order sits. From there, I think we will bounce to test 1850 again, and that is...

BonoboJoJo Updated 

The crypto markets are so incredibly overheated, and it is completely apparent that we are close to topping out, even just based on the fact that grandmas on Facebook are posting that they are buying crypto (this is a very clear ‘sell the news’ situation I have buy orders between 2000 and 1750. And then I have a major by order at around 1300 (this is where to...

BonoboJoJo

Similar to my post about Ethereum, I believe that the crypto markets are quite overheated at this point and well overdue for a major pullback. It is hard to say for sure, but with everybody and their grandma piling into the crypto market, it seems like a very good time for smart money to drop the hammer I will be buying bitcoin anywhere below 34K Gl!