We've got several examples in the past of Cannabis stocks lagging altcoins then putting in monster catch up rallies as the risk capital sloshes around during the mania phase. I thought this would happen in April/May but we didn't get much of a move. I think there is an even greater opportunity now. I am looking to get long CGC+TLRY and a few other names.
Several times over the past few years in crypto, Cannabis has lagged behind the altcoin market and put in some incredible catch-up rallies. When the risk appetite gets excessive, the fast $ often flows from crypto to Cannabis. I think the R/R here on some Cannabis names could be massive. Full disclosure I posted this same correlation back in April/May and we...
Today has TD9 daily's printing across ETH+TOTAL+ALTCAP, 4 hour div's all over the place. I am wading into some buys here. Even if this is a deadcat bounce bigger picture (who knows), I think the chances of a bounce are STRONG and longside R/R is very good. If we get ETH 1830 I will load up.
We are pulling back in BTC off of a 2Day TD9 and Daily RSI divergence. It's key we hold 40/41k, and then break up the black TL at 45k. Dips to be BOUGHT!
RGR has been a real undervalued gem in 2021. We NAILED the entry back in January, and I think this stock is getting ready to move again. The $70-75 area is a great value buy zone, with earnings just around the corner. It's sitting just above the .618, with some MACD divergence. With a 1.5%~ dividend yield this is a strong value. I am long via shares and the Aug...
I wonder if there's any R/R here? triple div on the daily, all the way back to ATL 100% retrace. One of the cheapest DAO's in crypto by many metrics. Huge community...
AXS looks very toppy up here - $22 could produce a significant pullback.
This is a higher risk play, I've been buying cannabis for months now. However I think there's a shot still at a MASSIVE catch up move to altcoins. The R/R in some stocks like SNDL and CURLF is still strong.
Not gonna lie I expected 42k to be the lows! But this looks great here. Massive divergence on 6+4 hour, huge VP gap filled. We are basically just re-testing January ATH. I am BUYING
COIN looks ready for liftoff. Ideal target is 226-230 area for longs. BTC either already bottomed or we'll have one more quick stab into 41k~. R/R on COIN is great in this area.
BTC has continued to drop, market is not done correcting. Very nice R/R around 42k, prior demand, untested high from jan 2018+a=c. Should be a nice spot to bid when it gets there.
BTC dominance is currently sitting on a Weekly+2Day+3Day TD9, and a few sequential 13's. We are within 72 hours of a potential 30%+ correction in crypto markets. I have put a bunch in cash.
Often Dominance bottoms create pullbacks across the spectrum. I've highlighted some examples here.
I think DXY can stretch to 96.4 or so, then we are at major resistance and could pullback, helping push crypto+metals+commodities upwards. We've been bullish since the lows so let's see...
ETH looks like it's about to breakout. $2k then $2,200 on deck!
We have a weekly TD9 on GLD, and some major divergences showing up across the Gold chart. I believe today is a major swing bottom.
How many buyers are really left here? This is the definition of dimishing returns. I'd expect doge to drop to 5 cents then 4.