PoorMemory

PoorMemory

Personally I am eyeing below 100 before taking risk

PoorMemory

NFA, this is my personal strategy. Looking to the 0.6 for the bounce with a tight SL

PoorMemory

AMD has broken out of a long downtrend, I believe there's a good opportunity for entry on the retest for a lower risk long. NFA, this is my personal strategy. On a fundamental level, AMD appears to have had a very successful GPU and 9950X3D launch gaining marketshare from nvidia and intel respectively

PoorMemory

Pretty self explanatory, I think the cup and handle pattern is forming to jump back into the large rising wedge formation. RSI and other indicators point to the rising wedge completed in a large drop on the larger daily scale

PoorMemory

Target 1 is 5800, calculated from taking the height of the cup and handle structure divided by 2, added to the top of the handle inflection point.

PoorMemory

The next logical area of support and a possible target for a rally, based on fib levels and clear activity in the area. This is where the 2020 bull market started, back to square 1. Fundamentals: New AMD GPU's in Q4, new 3D cache CPUs in Q1 2023

PoorMemory

I will continue to play the range as for as long as it holds, there is clearly demand at 18200 area and supply around 20500

PoorMemory

One of the key features of the falling wedge pattern is the volume, which decreases as the channel converges. The volume is NOT decreasing.

PoorMemory

Ascending triangle indicates big volatility for BTC incoming

PoorMemory Updated 

I'm expecting it to retrace to fill the imbalance area (yellow candle) before possibly going much further down

PoorMemory

Look, the recession is going to happen whether you like it or not, deal with it, enough hope, time to be realistic. Now that the permabull hopes are thoroughly crushed, these are the likely support levels to signal a reversal of the downtrend. This latest bear pennant will target the first buy level for DCA.

PoorMemory

When you zoom out it's simpler, this is the previous double top area of AMD. Investors will be looking to protect their growth from falling below one of the last strong support areas so I believe this to be a likely area for a retrace, with the obvious target being the 0.618 line. We must also consider what could bring it down to this price, the July 28th FOMC...

PoorMemory

According to wyckoff accumulation, we are due for a short retrace then up higher. This could be the beginning of a denial rally. Targets are based on imbalances (Yellow mark by candles), this is more of a general bullish guideline over a specific target road map so I will be longing after this possible retrace and confirmation.

PoorMemory Updated 

I believe btc will fill the imbalance area and if it breaks the 0.618, further down is likely. This is consistent with liquidations, which I will post in the update. Please, read the updates for possible invalidations and subsequent change of course. Being agile is important, nothing is 100% and as LUNA taught us all, fundamentals do matter as well such as...

PoorMemory Updated 

Fundamentals: AMD has some bullish news about their new GPU refresh lineup, so I decided to see if the chart matches. On top of that, their quarterly earnings report was very impressive to me. Technicals We have strong bullish divergence forming that I believe will take us to the trendline, if not higher. That is where I will take some profits and see if we...

PoorMemory Updated 

Right now we are approaching the yearly low and a liquidation level that usually gives strong reactions at the same time, in my updates I will outline my cases for this as a sustained run beyond 40k, as well as a possible bottom soon Please see below for the comprehensive analysis

PoorMemory Updated 

I believe this strong bullish divergence will take us to the 42.5-43k region before a final drop to the 36k trend line, flushing out the longs forming. This would allow us to collect shorts for a real rally to have a chance of forming

PoorMemory Updated 

Nvidia and other tech stocks like AMD are losing steam. Currently it is outside of it's main channel and printing a head and shoulders pattern. I am expecting some kind of bounce in the DCA area, the trick is to buy s l o w l y so you don't get caught without liquidity. It's been nothing but bad news for the stock market, and the next Nvidia offerings are a ways...