benjihyam

benjihyam

This is another chart that I've been watching for years that looks almost time for a trend reversal into a new bull run. You could start averaging in now, but I'm really looking for the two bottom supports to be hit for this to start the next run -- $4.53 first support $3.15 second support If either of those two levels hit, I'm buying. I can see price going...

benjihyam

I've been watching NASDAQ:PRME since the beginning and it finally hit my long term target on the downside yesterday so I bought a small starter position. There's a chance it can go a little bit lower from here (the lower supports), but I'll be adding to my position on any dips from here on out. I think this is another potential 10X+ stock. Let's see how it...

benjihyam

AMEX:MSOS hit my long term downside target yesterday of $2.46 and I entered a starter position down there. It's up 9% today. There is still the possibility that we get a final capitulation move from here down to $1.55 or so, and if we get it, I'll add a much heavier position. But basically from here, I think we've bottomed long term and should see a very healthy...

benjihyam

(note for some reason this chart is showing just as GLD, but it's GLD/QQQ) While I've been waiting for this correction to play out, I've been analyzing stocks and other assets to see what I want to buy for the future. One thing has caught my attention: As I compare gold to any other chart, gold looks like it's set to outperform pretty much everything (even BTC--...

benjihyam

I've been thinking for the past few months that TLT would rally up to the 100 area. However, that move hasn't materialized and now I think there's a chance of yields rising and bonds falling. Over the past few weeks the chart has morphed more bearish. It looks like something should set off the bond market this week and cause a lot of volatility in bonds. I think...

benjihyam

I think there's a large spike coming in VIX despite most people turning bullish on the market and bearish on the VIX. Price has maintained elevated levels for the past few months, all of the RSIs are in extreme bullish territory and the move looks very similar to the spike that we got on August 5th. Have no clue what will cause it, whether it's the fed meeting,...

benjihyam

AMEX:SPY is looking like it put in a short term top here. I originally only thought that we had the potential to fall to $545 or so, but now looking at the chart, I think we have the possibility of falling farther. The two targets that I'm looking for on the downside are $524.35 and 481.18. Let's see if they get hit over the coming weeks. If they hit, it'll be...

benjihyam

These are the long-term ETH levels. There's a possibility of price getting down to $791 before it starts it's next leg higher. If price does hit $791, that'll likely start the run to $18.1k. Don't get shaken out before the run.

benjihyam

Tom Lee's ETF AMEX:GRNY launched back in November and looks set to fall here after ranging in the $20 range. Where do we stop on the way down? I've marked off support levels. Let's see how far down we have to go.

benjihyam

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

NYSE:SAND looks like it's almost to a bottom here. To me, the chart looks like it has one more move lower and then that'll setup a long term bull trend. We're below the 200DMA and have tested that and rejected it so far, if price can't make it above that area, then it looks like we'll have a leg lower. If it makes it down to $.14, then that will be a level to...

benjihyam

Everyone is extremely bullish on ETH (and crypto in general), but the charts tell a different story. While many people will think the low is in (Feb 3 spike), I think we still have another larger fall to come over the next few weeks. I could see the possibility of a move up to the resistance at $3000-$3100, but then after that, I'd set tight stops, as I think...

benjihyam

I've been watching people on Twitter trying to short meta all week and get squeezed. META has had a really strong move over the past few weeks and is now in parabolic blow off top stage, however, I think the run comes to an end between here $738 and $752. I'll be buying puts if price can reach $750-752. Not trying to short it below that level.

benjihyam

NASDAQ:COIN has earnings tomorrow, and while I don't know how earnings will turn out, I lean towards a bearish outcome based on the chart. I could see a move up to $295 or $315, but if price can't break above and flip those levels as support, then I think post earnings will lead to continuation to the downside. We're seeing a red cloud form on the daily, which...

benjihyam

If you look at the chart, you can see that every time we've touched the blue trend line, price has bounced off of it and gone higher. If price bounces here and forms a lower low, then I think the setup is there to finally break the trend line to the downside and head lower. If price breaks below that trend line , then I think the structure of the chart turns...

benjihyam

I hate being bearish here, but the charts show that alts are going much lower. Comp has a pretty clear trend here. I think it's likely that price goes back up and retests $68 here as that's the level price broke through on the way down. If that level can't break, it sets up a final leg down to the lower supports between $11-16. If it gets down to that level,...

benjihyam

Ever since November/December, BTC has largely moved sideways in a wide range from FWB:88K -$109k. Now that we've bounced off of $91k again this morning, I think that sets BTC up for a big bull trap. I think that we're likely to go to new highs either this week or before 2/21 up to the top resistances (although we don't necessarily have to make it up there), and...

benjihyam

CBOE:UVXY has two big hurdles it needs to make it over before it can see higher prices. 1. It needs to get over the 200DMA (light blue line) 2. It needs to get over $30 As you can see, price has been consolidating in a channel since the August spike and IMO is almost ready for a big move. I think this move will likely take place the second half of February and...