benjihyam

benjihyam Updated 

NASDAQ:IBIT looks like it's topping up here. If we turn down here, it's likely that we sweep the April lows and fall further down to the lower support levels. After we hit the bottom, lows should be in for a couple of years and we should see a nice bull run higher.

benjihyam

AMEX:USO broke down from a long term that started in March 2020 and is now breaking down below support at $67. The most likely outcome is a continuation down to the lower support levels at $29-33. I won't rule out the possibility of one more retest of the trend line ($73-75) before continuing down further. An invalidation of the short would be a break over the...

benjihyam

NASDAQ:SOFI had a positive reaction to earnings, but has since sold off. It looks to me like earnings marked a high and that we're going to see price fall down to the support levels below. We've now retested the area we broke down from, we've only had 4/5 waves to the downside, so to me, it looks like a last fall is likely before we see a longer term...

benjihyam

If you look at the chart, you can see that ever since April 7th, we've been consolidating in a bear flag. I think what's most likely here is that we break down and hit one of the targets below. The reason being, if we look at the chart since the start of the correction, we've seen 4/5 waves so far, so it would make sense that there'd be a final leg down. Let's...

benjihyam Updated 

As you can see from the chart, BTC is rejecting from the range highs which sets up the next (and final) leg lower before we continue the bull run. Despite the bounce over the last few weeks, all we've done is retested the area which we broke down from back in February. Now this sets up a large move lower down to the lower support levels at GETTEX:59K...

benjihyam Updated 

Despite the bounce over the last few days, TSLA's price action is still bearish overall. I think it's likely that we find resistance here or at $290, and then work our way back down to the lower support levels at $148-155. I think once we get down to those levels, it'll be a good long term buy and we can see price go back to $700+.

benjihyam Updated 

AMEX:SPY has been consolidating in a bear flag since April 7th. Should we break down from the flag, I can see a sharp move down to the lower support levels. I think the most likely targets are at $443 and $409. However, it's possible we can find support at the other targets as well. I think the move likely plays out before June. Let's see where we end up...

benjihyam Updated 

If we look at the chart, the current structure looks very similar to what happened right before the market decline in August. We've formed a head and shoulders (albeit not perfect as it's slanted), and price seems to be breaking down. If price action accelerates to do downside, it's likely to take the market with it just like it did the last time. Paying...

benjihyam

Even though CRYPTOCAP:SOL has bounced nearly 50% from the bottom, the fall isn't over yet. If we look at the chart, we can see that Solana has only fallen 4/5 waves down and it's the last leg down that will be painful for most. Everyone is long again calling for new highs, yet the chart is still bearish. I think it's likely that price retraces from around...

benjihyam

GETTEX:HYPE looks like it's forming a double top here below key resistances. If we end up falling lower here, and get to the bottom of the channel, I think that price is likely to break down from the channel and hit one of the lower supports before we start the next bullish move. Let's see how it plays out over the coming weeks.

benjihyam

Even though NASDAQ:MARA has bounced, we're still not completed with the correction. So far, we've only completed 4/5 waves down and the last leg should take us to the supports below. I think the most likely target is at $7.64, but other two support levels possible as well. Let's see where we end up. Those levels will mark a great buying opportunity for the future.

benjihyam

NASDAQ:COIN is still in the process of correcting down to it's target at $100 (with a possibility of a wick down to $83) and after we get there, I think we'll start our next leg up which will take us past $500. Why do I still think we have another leg down? Well if you look at the chart, you'll see that we've only had 3 waves down on the downside and the 5th...

benjihyam

NASDAQ:NVDA bounced off the lows at $86 but is now finding resistance, I think it's likely that we turn lower next week and start falling towards the targets below. I think it's very likely that we make it down to the lower supports at $63-58 before we see a sustainable bounce form. Let's see how it plays out over the coming weeks.

benjihyam

Despite a bounce off the lows, NASDAQ:AAPL 's price action is still bearish. The 4th wave of the correction produced a large bounce, but that wave is coming to an end and now it's time for the final move down to the lows. I think it's likely that we bottom at the two lower supports at $143 or $151 before the correction is over. Let's see how it plays out over...

benjihyam

Tao looks like it's topping here, I originally thought we'd stop at $247, but price has gone a little bit further. There's more confluence in resistance at this level and one more level above, but I think gains are limited here. I think it's likely that from here we correct back down to the lows and break them. The most likely target is the $117-135 levels....

benjihyam

Although NASDAQ:SHOP bounced higher today, it looks like the bounce will be short lived. I think we will see a large move down over the coming weeks to the lower support levels on the chart. Why? We just formed another lower high. We've been in a downtrend since late February and until the price action can start forming higher lows, or hit the targets below, I...

benjihyam Updated 

NASDAQ:PLTR looks like it's topping here and that it has a long road to the bottom. If we continue to reject at this resistance, then it's likely that we'll at least see the $56 target on the downside, but I think the $44 target is the most likely area to see a bounce. Bulls should enjoy a 50%+ drop from here. You've been warned.

benjihyam Updated 

Unfortunately many of my charts were removed by a moderator for having private indicators on them (which I didn't realize was a thing), so I have to repost them. If we look at the chart, we broke out of a bull flag and are now testing a very strong support level. You can see we've bounced off of that level multiple times. I think we bounce off of this level...