MarkitMaven

MarkitMaven Updated 

The economic climate is not great and rates are going to go higher so I don't expect this to be a definitive bottom. Bitcoin seems to be close or above a temporary bottom preparing for a bear market rally. The bounce is happening off the weekly 200MA and should touch daily 200MA close to 0.382 fib level. Weekly RSI is similar to where December 2018 hit which...

MarkitMaven Updated 

LUNA's infrastructure collapsed a few days ago and the consequences has been devastating. Billions of dollars have been wiped out resulting in-95% lost in value. Now many Investors have lost confidence in stability of crypto ecosystem, specially altcoins, which could trigger a series of sell offs in other altcoins and crypto assets soon.

MarkitMaven Updated 

Inverted chart. SPY has been bouncing back and forth inside this pitchfork. The volume profile marked with red circles shows the areas of high volatility demarcating the tops which we should be very close to. Weekly doju candle, not shown here, is also another indicator. Our current resistances are the 430 and 450 as shown on the graph. We might see another dip on...

MarkitMaven Updated 

This could mean nothing but just two graphs that are identical so far without any future relevance whatsoever. The risk of a 45% drop is low considering our labor market but we never know what kind of news is waiting to come out to trigger such an horrific event. But if this graph says anything about the future, next couple of weeks we are going to see the last...

MarkitMaven Updated 

The yellow area has been acting as a strong support and the bottom. NVDA has bounced off of this yellow area a few times already. There is a bullish divergence where the lower low was rejected with high volume. The RSI graph tested its mean and did not break through (red circle). Hammer candlestick that was formed today at the close. NVDA has shown...

MarkitMaven

Nope, not Bitcoin! At least, not so far. When the inflation is running hot and interest rates are about to jump up and there is a war going on, you can't forget about our good-ol friend, GOLD! Check this out! Gold is completing it's Cup and Handle and is getting ready to hit 2.5 or even 3k in the next couple of years.

MarkitMaven

The energy crisis of 1979 caused by the Iranian Revolution leading to high gas prices around the world resulted in very high inflation rates (7-9%) in most of the Western World. Slow production and poor quarterly reports of companies following the already hot inflation rates forced the feds to tighten their monetary policy and increase interest rates. These events...

MarkitMaven Updated 

This is an update to what I posted a few month back (May, 2021). The first target is now dominated. There will be consolidations along the way but wait for its price to hit ATHs. Ford is going to shock a lot of investors!

MarkitMaven Updated 

Going into 2022, CRSR is one of the more attractive companies to buy and hold. The company is vastly undervalued and is one of the major players in hardware gaming industry. They should see at least a 30% comeback within the next few months. Monthly chart is oversold and price is holding up a major resistance at 20. On daily you can see the accumulation phase is...

MarkitMaven Updated 

The gap is filled and price was bounced off of a support with a relatively large volume. We might see a quick bounce back to 1098 by the end of the year. Unless the support is broken on Monday. Can it go higher in 2022? We have to see the volume and whether it can break the bearish trendline.

MarkitMaven

Alice can quadruple within a year by the time of they release the game. This is a great price to enter and hold. They recently joined many different exchanged and has a lot of room to grow.

MarkitMaven

Crypto market has changed its behavior from following the US 10 year yield to closely following S&P500. This has good and bad implications for crypto investors. Long term, there should be an exaggerated growth in the crypto market until there is way more than $2.5T in total market cap. Compared to the US stock market with $48T, crypto as a global asset has...

MarkitMaven

There is a decent chance of bull-run continuation for both Bitcoin and Ethereum. In that case, these coins should have a good ROI: Kasama is breaking out of its bearish trend and should test the bottom of its broken trend line, at least. Similarly Cake should go up and hit the bottom its bearish trendline. It has a good volume so I wouldn't be surprised if...

MarkitMaven

USDT is a stablecoin (stable-value cryptocurrency) that mirrors the price of the U.S. dollar, issued by a Hong Kong-based company Tether. The token’s peg to the USD is achieved via maintaining a sum of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills in reserves that is equal in USD value to the number of USDT in circulation....

MarkitMaven Updated 

Boeing broke out of its descending wedge but it has a tendency of fading its gain over time but with the recent news, there is a high chance of hitting our targets. Keep it on your watch list!

MarkitMaven Updated 

It happens many times during the year that investors feel like a ticker is unstoppable and there is no limit to when an uptrend could last. Like everyone dealing with Tesla right now is either going mad looking at their gains or scared to death waiting to see the margin calls. Just a few weeks ago Moderna was creating the same kind of environment that Tesla is...

MarkitMaven Updated 

This is a significant event for Macy's share holders. Macy's finally broke out for the first time in 6 years that started in July 2015. The significance of this breakout would make it a complex event and there should be a retest of this monthly trend line. The RSI is at the 70 level in the monthly chart. The volume has been decreasing since June 2020. All in all,...

MarkitMaven Updated 

In short, they most likely bounce from this level for a short time, but whether they continue their bull run or not depends on price action in the next couple weeks. I have some remarks on the charts that might help following up with their moves. The RSI for all three companies are in oversold area and historically we have seen them move back up when they hit 30...