We could see a move bitcoin has made before in 2018-2019. A weak bounce here could push up back to 45k and then to ultimately fail to hold it as support which would then see us move back down to 34k. I'll be waiting with shorts ready.
Bitcoin did not close above resistance ($44,528) and instead closed below and retested it. $BTC looks primed for a short opportunity down to $41,800 and then down to ~$39,000. It may revisit range lows at 34k to start forming a bottom. I am looking to enter longs around range lows.
Link is rangebound within the range low and range midpoint. This provides the trader with opportunity to long the confirmed bounces off of the lows. I'd like to see Link hold $17.75 before entering for the push to the midpoint.
CRV/USDT at the weekly midpoint of the range. It has closed above the midpoint and is looking to make a push back to the range high. If bitcoin continues to move toward 40-41k then we will likely see this trend continue to the range high. Targeting mid $4s to unload holdings.
BTC is ranging between $29,000 and $69,000. Given the recent break of support at 38-40k, we now may see support at $29,392. This will be an excellent place to place a long. My advice is to accumulate some cash as we wait for BTC to bottom.
Fission Uranium is owner of one of the premier uranium deposits in the world with Triple R. Fundamentally I think Fission will be a top performer in this bull market. For now though, Fission may return to test weekly support at $0.56 before continuing upward.
UUUU formed a nice looking ascending head and shoulders formation and we saw the neck line break on January 13th. The head and shoulders formation most commonly indicates a reversal, but in this case we could see similar price action as March through April of 2021. However, as the overall market has been performing poorly it is likely we see further downside to...
Sol is looking very weak. I expect us to bottom around the $120 mark then push back up to around $200. From here we slow bleed down to $80 and possibly $50 after that. $80 is an excellent buy while $50 is a dream buy. Oscillators show we have bottomed or will bottom soon. We are bearish until we return back above and close above the MA.
URNM is ranging after moving out of the downward channel. The uranium thesis is extremely bullish. I expect this stock to be much higher by year's end. The current structure looks like it follow a similar path to the orange squiggly lines. Entry for a trade would be just below the New year open of $75.78.
Range low at $28.90 was defended by buyers. Looks as if we have found a bottom for now. If it continues with some momentum the stock could see the range highs at $34.91. Would need to break past range high to confirm shift in market structure. Not in a position at the moment as I wait to see which route GDX takes. Bullish longer term on gold and precious metals....
$SRUUF/U.U broke the downtrend and retested the trend line. We may see a slight dip back down to the $11.25 level if the PA drops below the moving average. Either way we are in a bull market and I expect to see continuation upward to $12.54.
Curve is one of my top picks for the next couple of months. High TVL and 90% + of supply is locked up. I expect a pull back to $4.70-85 region then continue upwards.
Eth looking like it may touch 3k for a bounce. If we break through 3k I think we see $2700. Extent of the move down depends on BTC. If BTC's movements will determine where ETH bounces.
Tilray shot back up above the moving average. We may be getting a relief rally to resistance as the cannabis market has been getting absolutely killed. The industry is waiting on US gov movement on cannabis legality. Once we get some approvals this stock will strap itself to a rocket.
TP ~$9.66
I have bids in the $6 range.
ISWH is ranging right now. As a cryptocurrency miner/host it is highly correlated to bitcoin's movement. Bitcoin is ranging right now and looks to be bottoming out. I expect ISWH to move back the demand area (purple box in chart) and fill bids before moving towards resistance at $1.69. This all assume bitcoin has found the bottom at 39k-40k.
We can clearly see that bitcoin is ranging (weekly) and is under the moving average. This is may be redistribution where we will linger towards the downside. Or, it may simply be accumulation, but you can forget about the 100k calls until later this year. If we break down further we can revisit the 30s. I think this is unlikely and that we continue to range above...
