Things have gotten very over-sold for the major indexes and the stock market as a whole but there are things on the macro charts showing that there are incoming winds of potential change. 4th quarter is always a major time for retail and earnings so these are possible factors as well but if we keep simply to the charts on the weekly, we will see that price action...
One might be reading this title and thinking to themselves how might something thats already down 70+ percent in the last 8 months - not to mention 10+ percent down in the last week, possibly capitulate any further? Well Bitcoin has finally done something that is worth note this week in the fact that if we take a fibonacci retracement of the all time high down to...
A time like this is when it is most interesting to look at charts that serve as indicators to the broader market.. such as the good ol VIX as we see here on the chart. The VIX, which quantifies the volatility level of the S&P500 on a chart, has been a beautiful gauge on the overall markets temperature on being short heavily one way vs being long heavily the...
As we go into the weekend here is a little trade setup in the altcoin market that looks ready for a nice runup. SHIB is currently tying to put in a bullish engulfing Japanese candle stick on the daily as well as finding support at a strong local support level. If this level holds, SHIB could find itself in a 25% move to the upside if this Bullish Butterfly...
Bitcoin appears to be gearing up for its next leg to the upside but there are short term bearish things happening right now that should be on ones radar first. For one, we are breaking below our upward sloping price channel AGAIN and although it is not yet confirmed on the 4 hour timeframe yet, the fact that Bitcoin has failed after 11 four hour candle attempts to...
As we all know Bitcoin has been on a tear and what we like about this runup is that it has had healthy pullbacks along the way but most importantly has respected traditional technical analysis along the entire way as well. If we look at the Fibonacci levels I have illustrated here, we can see that is evident in the respect of the fib levels that Bitcoin has done....
ETH finds itself at a major inflection point right now in the fact that there are numerous bullish and bearish things all taking place with this asset at once. For one, we have seen multiple higher lows and higher highs which as we can see has formed a nice uptrend in price action that has lead ETH all the way to the 50% retracement level of its all time high to...
It seems Binance USDT pairing oracles are having issues on TradingView at the moment so we switch to BTCUSD Coinbase exchange to give us a more updated view of my previous idea on Bitcoin that is currently playing out nicely. As you can see in the chart there are a lot of things going in terms of what has played that has given us a clearer picture. One of the...
This idea is meant to serve as a little hopium as there are some things we see on Bitcoin's chart that are appearing to show weakness. That idea might be for a post in the near future but for now in the short term we have what might be a fractal in a larger version of previous hidden bullish divergence that played out July 27 to July 30. The third day of that...
With all the excitement around Robinhood's IPO this week and the recent resurgence of Bitcoin its easy to forget about COIN, after what appears to be the completion of a 51% retracement in price according to the Fibonacci retracement we see here. Since this retracement, COIN has quietly sprung 30% in price and appears to only be getting started if the chart I have...
The chart here of FSLY might be one of my favorite looking charts of recent memory.. however, if you are a close follower of the company, you may be a little fearful at the moment as this stock has gotten hammered for 10 months now. Not to mention the miss they had on earnings recently PLUS a bug in the company's infrastructure that apparently caused the web...
Here we have a trade in APRN that I was contemplating keeping for myself as this setup appears almost too good to be true. This is a popular stock as of recent, however, it should pointed out right away that the marketcap on this is tiny and therefor this kind of trade does require some experience as penny stocks are very volatile. As a crypto trader at heart, I...
Today I contemplated closing 75% of my long in NVDA as it is well in profit and I have much leeway right now to walk away and let a small amount ride. The reason for this is because NVDA has broken both a key upward sloping trendline as well as the .786 Fibonacci level on the daily and 4 hour time frames. This does not have to be the end of the road for NVDA but...
Mid July I posted a bullish idea on AMD and how the $93.50 level approximately was the level we wanted to watch as being key to AMD retesting and breaking previous all time highs. Well AMD broke and found support at the $93.50 price level and upon doing so the price sky rocketed from that exact point and found itself on every news network this week that covers...
This will be a quick post as today we are witnessing something in the market that could prove to be bullish for the S&P500 in the near future. Most importantly, this could be a move that FINALLY leads to a definitive direction for the markets and that is in the fact that the S&P500 Volatility Index today has broken its trend that we have been in and now appears to...
So far on NVDA we are still up nicely on our original idea and as we predicted NVDA is now putting all of our fib levels to the litmus test as it finds itself right in the middle zone of the entire fib retracement. I expected the .383 to be properly tested before liftoff and so far it is holding up. If it can continue to hold, NVDA will find itself breaking out...
Something to keep an eye on at the moment is the recent and confirmed spike on the BVOL chart we have seen last week. Furthermore, the BVOL is now finding support at a very key level where if held could see Bitcoin volatility spike again here in the coming hours and days. As we can see the Bitcoin bulls failed to make a lower low here on the chart which now...
Right out of the gate I want to point out that if you are not a user of stop losses or alerts then this trade is probably not for you as this is an illiquid asset which carries much risk. With that being, said if you are disciplined and experienced, then we have a very intriguing trade setup here in Hello Pal International. A stock with a very low marketcap that...