NASDAQ:RIOT has been consolidating in a bottoming wedge and looks set to break out. I think we see a very sharp move to the $18 resistance as RIOT has serious catching up to do. I think RIOT and HUT will be the most bullish two miners for this next move up. After hitting $18, we should see some consolidation before the next big move higher. Not sure if we...
I still think LSE:GST is likely to have one more move before it's done for the cycle. I exited my last attempt at a long for a small loss, but think this idea should be more accurate w/ price and time. I think we're likely to see one more move down into that lower support level (around $.0125 or so) to retest it, then we should see the uptrend start...
This is the chart I'm using to guide the top and bottom of the cycle. Now that we've decisively broken above the bull/bear line, the next targets on the chart are $83-$86k and then $123k-127k. Those should be significant resistances where price will reject. If we make it up to the top resistances, I think that will mark the end of the cycle. As long as we don't...
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...
AMEX:ASM has corrected 90% since it's move back in February. It's now sitting at support and looks about ready for it's next move higher. The risk would be a possible move down to the lower support around $.014 (around 15-20% more downside), but the reward would be a move up to the $.053-$.178 resistance (200%-900%+ increase). Let's see how this plays out over...
AMEX:ASM is forming and inverse head and shoulders bottom. If price can break above $.042, then we should see a large continuation higher up to one of the resistance levels above. I could see the move reaching the $.12-13 area before it sees some resistance. Let's see how it plays out over the coming weeks. Entry at .0303
SEED_DONKEYDAN_MARKET_CAP:MASK has been in a downtrend since 2021 and it looks like it's about ready to have a large move up. If price can break the trend line and the $3.60 level, then we should see price move quickly to one of the resistance levels above. Entry: $2.77
SPARKS:AERO has just broken above the downtrend line that has been in tact since April 2024. Now price looks set to move much higher. If price is able to break $2, it should see one of the resistance levels above. Let's see what happens over the coming weeks. Entry: $1.48
Ape is looking extremely bullish here. You can see price has been consolidating in a downtrend since 2022. Now price looks set to break upwards. On Oct 22, we saw a strong move with high volume into the trend line. The next move up into the trend line should break the downtrend and move towards one of the resistance levels above. I entered at $1.09.
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...
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...
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 ...
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...
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...
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...
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...
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...
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...