The alpha dots are turning green. Looks like bullish squeeze up is a potential. Long sideways trading. Ready for a break out.
$QQQ - Is very oversold, and the 10-y yield is reversing. We might get a bounce, but I think there is probably one more final flush to bring the $QQQ back in line with the trendline of growth before the 2020 & 2021 bubble. There is still another 10% downside from here.
I have a feeling that we haven't seen the low in the $QQQ yet. Might see a final flush to $300 and then will slowly recover over the next 18 months before reaching a new all time high (ATH). This would bring the long-term trajectory back down to earth (we definitely got a bit over extended in 2020 and 2021). Hard to justify 30-50% YOY increases...
#LUNA continues to form a cup and handle pattern like I predicted a while ago. Hope this continues!
$QQQ - Bullish Engulfing Candle - Need I say more?
It looks like the #LUNA cup and handle is forming nicely. Just a few more days of consolidation and then pop!
$ARKK - Bullish Engulfing Candle - Need I say more?
#LUNA - Potential Cup and Handle Forming. As long as #LUNA doesn't nuke and stays in a downward channel, I see a cup and handle forming which will lead to an inevitable break of of the ATH at 104... then price discovery!
$QQQ - At bottom of channel, but might wick below to touch $330 before finding a floor of support.
#ETH has posted a bullish engulfing candle. This is the most bullish candle in the book.
Volume is a truth indicator. Last week's volume was the highest in the history of $ARKK. I think we have found the floor. Price action today is likely a lot of shorts covering. I would expect to consolidate around these levels for a few months before any major upside movement, but this is a good level to start adding to your growth portfolio.
The volume of last week's trading was the highest single week of all time (even higher than any week during March of 2020). Volume is a truth indicator... I think we have found the floor where buyers will start buying heavily.
#BTC has been cut in half. It bounced off the 50% fib retracement level of about $34.5k
#ETH has been cut it half. Currently bounced off 50% Fib Retracement at about 2400.
I am long many tech stocks in $ARKK, but this chart does scare me. There is almost zero volume under 80. The gap could fill if this level is lost. No doubt that would be a generational buying opportunity if it did occur, but I'm hoping that the 50% fib holds (which is at the 80 price level).
#ETH looks like it might break out soon. There are still 10-days in 2021 for a last minute Santa Claus Rally!
#ETH is showing a large bullish divergence on the 1H chart....
#SE is approaching the bottom of the golden pocket. This is a long term winner. I'll be adding to my position some here. It's also set up great for a #goldenpocket trade.