Valsyth

Valsyth Updated 

ETH's uptrend line has been broken. I am targeting ~$130 and ~$115 with this short. An entry at current prices with a stop above the swing high of $162 on BitMex gives us a 2.4 RR. If we bounce off $130 we can be looking at a head and shoulders that brings us down to $110-$115.

Valsyth Updated 

BCH is currently near the end of a large bull pennant. If you take the previous upswing from last month and mirror it over to the current price, you can actually see a very interesting observation. Taking the fib extension tool, you can see how the mirrored move up matches up with significant fib levels. The move up ends at the 1.618 extension of wave 1 (or A),...

Valsyth

Keeping this on watch as the larger economic picture evolves. Gold is generally negatively correlated with the equities market. Let's see how this breakout will affect the markets this week.

Valsyth Updated 

Watching this for next week. Lots of Chinese stocks have been hard hit recently. I think they're poised for some near term relief. Wedge target would be $30 by taking a 1 to 1 extension of the wedge's height to the breakout point. Will try to update over the coming days.

Valsyth Updated 

Looking for subwave 5 to bring AMD down to low $25s before we see a bounce for wave B. This should coincide with the pre-earnings runup I expect. Then we continue to finish the ABC structure at the $21-$22 range.

Valsyth

Bullish divs are forming with lower price lows and higher RSI highs. AMD has been one of the hardest hit tech stocks in this market drop off so I can see a dead cat bounce forming over the coming days to make the B wave. I would be looking for a gap down tomorrow to fill the $24 gap from a few weeks back before making our way back up to the $27.50 range.

Valsyth Updated 

MTCH is currently consolidating in a symmetrical triangle. Since symmetrical triangles are continuation patterns, we will likely see price break to the upside next week. However, be ready to play both sides of the breakout. MTCH currently has super high levels of short interest with 49% of float being shares shorted. If we break up, we can see a short squeeze to...

Valsyth

BA has been performing particularly well the last week before this broader market downturn. It's risky to try to catch the knife when the entire market is dropping but to me, BA looks like it's in a bull flag. There are signs of bullish divs forming on the 5m/15m time frames as we make lower lows in price but are maintaining RSI levels. If we break up, we can...

Valsyth

BCHBTC has painted a descending triangle with a backtest that has confirmed support turned resistance. There is a pretty safe 2.5 R/R short opportunity if you enter now and place a stop loss slightly above the downward sloping resistance. Entry: 0.7845, Stop Loss: 0.079, Target: 0.075.

Valsyth Updated 

Looking for a reset on MSFT after hitting ATHs. I see a rising wedge as well as a bearish divergence so I'm leaning towards a drop to support at $111 in the coming week or two.