benjihyam

benjihyam Updated 

I've been watching the DJT chart for a while now. I originally took a trade at $17 with intention to hold, but got scared out of the position on the loss of $16. It ended up bottoming at $13. Since then, it's gone 3x with people anticipating a Trump win. We've corrected in the last few days and the chart looks like it wants to see more downside into the $27-20...

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I initially thought we'd see a move down of 5%-10% pre election. I played the move through AMEX:UVXY calls. We didn't end up seeing the full move play out that I had expected, but was able to capitalize on the move down yesterday when AMEX:UVXY was above $30. I sold all my calls yesterday as I expected downside to only be possible prior to Nov 1. So far, it's...

benjihyam Updated 

If you look at the chart, NASDAQ:COIN has broken out of it's downtrend but has now formed a lower high and looks to be set to go lower from here. I think the most likely scenario here is for NASDAQ:COIN to correct to the $140 area before moving up to the $350 resistance area. This would also line up with my thinking that CRYPTOCAP:BTC moves down to ...

benjihyam

CRYPTOCAP:DOGE is trading as one of the most bullish coins in crypto. The idea is around Trump winning the elections in the US. If it happens, which I think will play out based on how stocks/crypto are trading, I think DOGE will be one of the best places to be positioned. My entries were $.144 and $.150. I marked off resistance levels should we see a Trump...

benjihyam

I sold all of my crypto between May - July thinking we'd see a large correction. We did pull back to the GETTEX:48K level, but we didn't see continuation below that level. Now price is within MIL:1K of where I sold it and I now think we'll see the last move higher. So I'm starting to build exposure again. If we look at the chart, CRYPTOCAP:BTC has been...

benjihyam

CRYPTOCAP:BTC has been consolidating in a series of lower highs ever since the March highs. Everyone is extremely bullish here calling for new highs by this week or end of year. I've seen multiple people on Twitter share that they market bought $100,000k+ of BTC in the last week. I don't think the trade is going to be that easy and the chart is shaping up to...

benjihyam

AMEX:SPY looks exhausted here and everyone is extremely bullish at the highs. Sentiment is at extremes and we have demark combo 13s that triggered at the end of last week. On top of that, we've been moving up in a rising wedge that looks set to break down. Also, if we look at the chart, there's an imbalance in price action as we have largely gone straight up...

benjihyam

AMEX:GLD looks like it's putting in a top here. While I do think commodities have started longer term bull trends, I think if we see a big move down in risk assets, commodities won't escape the bearish move. I think it's likely that we reverse from this level and find support somewhere between $177-169 region. However, I'm not ruling out the possibility of a...

benjihyam

Most people think that because we had a vix spike in early August and that stocks are now near all-time-highs, we're going back to a short volatility and long equity environment. However, I think this time is different. From a technical perspective, we've been consolidating in falling wedge since the move higher in March 2008 and the move on August 5th setoff the...

benjihyam

FX:USDJPY looks like it's set to fall further here. Equities took a hit when USDJPY went from 152 to 142. Now you can see that price rallied back up into resistance at 148, rejected it and looks set to fall more unless price can recover that 148 resistance. I could see another move down into that 131 level, however, there's a possibility that price can fall...

benjihyam

If we look at the chart from the bigger picture view, you can see that since the 2020 run up, we've just been consolidating in a range between $16k-73k. Since price has tapped FWB:73K , we've been forming a series of lower highs and I think we're about to see a large move lower. The price action doesn't look bullish at all. Originally I was open to the idea...

benjihyam

Even with today's move higher, CRYPTOCAP:XRP is in a bear market. You can tell this by looking at the weekly chart and seeing lower high after lower high. I think we're getting close to a capitulation move that well send price back to $.18. Let's see what happens when the next pivots hit.

benjihyam

The earnings reaction was positive today which saw shares of shop go up over 20%, however we're already fading the news. The big picture is that we're in the process of a larger market wide correction that will bring all stocks down with it. If we look at the chart, even with the news today, price has just formed another lower high and is setting up for a large...

benjihyam

While I'm a long term bull on NASDAQ:COIN , I think in the short term we're heading much lower. Was originally thinking that this move would bottom in the $140-150 range, but I now think that it's likely that we see a correction down to the gray box. If we look at the chart, NASDAQ:COIN formed a double top off the trend line. If we look at what happened last...

benjihyam

As you can see from the chart, NASDAQ:NVDA formed a double top at the highs and has started it's bear market. I think from here we're going to see a move down that goes lower than what most people expect will happen. I've seen a lot of people sharing that they want to bid the $72 region, which would make sense if this was a normal correction, however, I think...

benjihyam Updated 

These BTC miners all look horrible. I don't know how anyone is convinced we're going higher here. If we look at the chart on the 3D, you can see that we've formed a lower high and price is rejecting the cloud. Should price get under $20.19, it would be extremely bearish as there is very little support below that level. I think price likely falls from here down...

benjihyam Updated 

If we haven't already topped, I think the upside is limited here. Price is currently at $71k and if we get a move higher, I think price would top out at $ 78k-$ 81k for this cycle. I see a few different scenarios from here that can play out. 1. Price tests $ 48-52k from here, we rally quickly from there but then roll over and see new lows below where we went in...

benjihyam Updated 

I sold out of all of my crypto yesterday because when I looked at the chart, I realized that we've started the final selloff before the real bull run begins. As you can see from the chart, after the run in 2021-2022 we've been in the process of correcting. It's my view that this year's run was corrective, not impulsive like many are thinking-- and that altcoins...