RocketMike111

RocketMike111

Bitcoin has indeed broken out of the ascending wedge as we had analyzed; however, I’m quite concerned about the very prominent indecision candle that formed during the breakout. This has me a bit worried. If we look at the last two days, they’ve also been indecisive candles. This doesn’t necessarily mean that a Bitcoin correction is imminent, but if the price...

RocketMike111

May God have mercy on you buying at these levels. +900% insane !

RocketMike111

The price continues to fluctuate, but not even the latest earnings report has been able to break out of this sideways channel (range) shown in the analysis. Nvidia is a powerhouse when it comes to its earnings reports, and while the price does fluctuate, it hasn’t done so with the same aggressiveness seen in previous months. At this point, we’re simply waiting...

RocketMike111

Last week, Google stayed above 170, which is excellent news. Within the analysis, we can see that it’s starting to show bullish convergence. I also drew an ascending channel based on its recent price movements. In my last analysis of Google, I mentioned that once the price touched the "stacked channel," we only needed to observe the immediate candlestick...

RocketMike111

I suspect it’s time for a good pullback. As we can see, the price continues to fluctuate within the ascending channel, but there are two scenarios I anticipate where a pullback might occur in the coming days. Note: Every pullback is simply a very natural price movement. This does not mean that we are in a bearish market at the moment. If the overall structure is...

RocketMike111

This week, I decided to remove some objects I had in the chart history as references, which we’ve been analyzing, to make some space and clean up the chart a bit. After reaching all-time highs, the price has naturally begun a retracement. But what’s new in technical analysis? Let’s analyze the price together: In this case, I added an ascending channel where...

RocketMike111

But be careful—this does not justify the price at all. Although Palantir has very solid numbers in its balance sheet, this does not justify a valuation at such an overvalued price could be very dangerous ! We must consider that markets in general are bullish, and the results of the latest report recently showed that it remains a very solid company in terms of...

RocketMike111

Google returns to the inflection zone we had previously studied. This is good news because, after pulling back, we got a bounce in the same inflection zone. What does this mean? It means that the price is more than ready to continue its upward trend; however, it is just forming an accumulation pattern, where it could resume its upward movement at any...

RocketMike111

Election Week and Interest Rate Cuts Did Not Disappoint Us at All The truth is, it was a very difficult week to predict price movements. However, out of the two possible scenarios I shared last week, Scenario #1 was the winner, and it was the one I had the most confidence in! At this moment, the price is in "no man's land," meaning there is no historical price...

RocketMike111

As I mentioned in my previous analysis, I don’t care about reaching 70k; what matters to me is if it can break past the zone at $71,890. Everyone is excited that BTC is back at 70k (myself included), but guess what happened next? The price touched my line at $71,890 and didn’t break through! This is simply because I see more difficulty here, as it's a zone with...

RocketMike111

As long as Palantir remains within the upward channel, it’s still in play! There’s an imbalance guiding the price, preventing it from dropping. We’ve seen the price attempt to go up twice already, so as long as Palantir stays within the channel and respects the imbalance, I’m quite confident it will make a third attempt to break the high. On the other...

RocketMike111

In this chart, I haven't moved anything at all since my previous analysis of Nvidia. The price is making its natural movement just as we’ve been predicting. As you can see, the last candle closed by bouncing off my order block and following the pattern of my forecast arrow.(yellow dotted arrow) Based on the price behavior, we can predict that as it gets closer to...

RocketMike111

Another week analyzing SPY's behavior correctly as we planned. I’d like to invite you to review my previous analyses of the price movements throughout the week, so you can see that I base my strategy solely on price action and institutional supply and demand concepts—simple methods that the price has respected. In this case, we won’t be seeing historical highs...

RocketMike111

A BIG WIN for GOOGLE and For You ! I knew that the "Stacked Channel" was the key and that Google would make a decision sooner or later. If we look closely, the price tried to rise several times. However, the key this channel gave us was from October 7th, with that bearish volume candle. Although it was coming down strongly, it didn’t manage to break my stacked...

RocketMike111

Bitcoin continues fluctuating below 70k. As we mentioned in last week’s analysis, it doesn’t surprise me that Bitcoin crosses 70k; the real challenge is for BTC to surpass $71,890. If you look at the overall structure, the price made a very significant historic move in MAY and JUNE, which I’ll label as PIVOT 1 and PIVOT 2 (see chart). To me, that area...

RocketMike111

Palantir is about to announce its quarterly report. As we analyzed in the last report, the price reached its highest point after several years, but after reaching this liquidity zone, it had a pullback as we announced before. However, Palantir is showing strength in this area, and we ended on the last candle where it will attempt again to surpass this...

RocketMike111

Google refuses to break out of the 'stacked channel,' that channel where the candles are tightly packed side by side. It’s a bit frustrating that the price isn’t making any move or decision, but all we can do now is wait for the big earnings report day for the price to decide its direction. Stay tuned on Tuesday, the 29th, after the market close! Best Regards

RocketMike111

Although we closed last week with a candlestick pattern called an 'Inside Candle,' the following candle was green, but it didn’t exceed the last high (see slanted yellow arrow). Nvidia is stronger than ever, but that doesn’t mean the price won’t take a pause or make a small pullback before its report; rather, the price is likely entering an accumulation phase, as...