If we get a repeat of box 1 then price can hit $170.
NVDA's daily RSI still has room to drop. I'd like to see it go lower than April low's RSI to create bullish divergence.
When UVIX hits the 100 SMA it's time to call an end to this correction.
NVDA broke down and starting consolidating in what looks like to be a bear flag. Measured move puts it at 101.52, which is slightly below the 50 day SMA and slightly above the 20 week SMA. Watch for RSI to get to oversold levels. I think we will bottom there (if it happens).
NVDA broke out of the symmetrical pennant and reached its PT of 135. It rejected off it with today's CPI data. The data was good and increased the odds of a September rate cut, so I'm viewing this move down as a fakeout to the downside. Price is currently testing from above the 20 SMA on the daily chart. I think we will bottom here and go to new highs soon.
Old idea was invalidated. The pennant broke out to the upside. NVDA is going to test highs. PT is $135.
BTC could drop 30% by the end of July if it breaks down from the ascending triangle pattern.
I was in this name and left because of uncertainty. SMCI is a risky stock IMO. My views below. Bull case: Bull Flag breakout. NVDA pullback and capital flows into SMCI could send share prices soaring up to 1800. Bear case: Bear Flag. NVDA pullback and fear causes people to exit riskier low capital AI stocks.
I clearly see an ascending triangle in the chart. It's not broken out of yet. If the breakout happens to the upside and a retest of the top of the triangle is successful, then the measured move from the ascending triangle is a little over 4 dollars. If something goes wrong however and we break down or the breakout turns out to be a fakeout, we may see MATIC make...
I think we overthrow the trendline for a massive bull trap.
I think VIX futures either consolidate for a period before breaking out again or gets crushed lower so SPY can go higher.
Ascending triangle vs. Head and shoulders. We all know everyone's watching these. Only time will tell which one will win. There's many good arguments on both bullish and bear sides. Tell me which way you think it will go below and why.
This idea will probably fail if bitcoin goes bananas. Anyways this chart is pretty self explanatory. The idea is that HBAR is in a longer consolidation similar to the one it was in last year. I marked some similarities between back then and now. If HBAR dumps below the 21 EMA on the weekly chart, keep this idea in mind.
As you can see we are getting a MACD cross on the monthly chart. The chart looks similar to 2017, but if you look closely at the weekly chart now compared to 2017, they are different. We printed a MACD cross on the weekly, which never happened in 2017. It is possible for the current MACD cross to be a fake-out bull trap, but it is too early to say until it crosses...
Daily MACD about to cross up. Looking to sell mid-upper keltner channel on the daily timeframe. Lines up with fib levels as well. Lines drawn are always a hypothetical scenerio. Don't think any lines you see on tradingview will match up with price action perfectly. Daily timeframe so it might be a few days until we see 44-50k.
If the log growth curve is respected. Invalidate the curve by closing above, and we can go much higher like many people believe. (log chart)- filters exponential growth
2013- in November 2017- in December 2021- lots of people say it will peak in September I hope it does not peak in September for the yearly candle's sake. We do not want that candle to close as a shooting star. Yes, if we do peak in November or December then you'll have to wait a little bit longer for your lambos. But if you're in Bitcoin for the long run and wish...
This is the optimal scenario Bitcoin can take IMO. Sideways and down for the next 2-3 months and rally with a peak late this year. I know many are getting impatient and want a peak to happen during the summer, but it won't be healthy for Bitcoin long-term if it peaks in the middle of the year and closes the yearly candle as a shooting star. If this does play out,...