maikisch

maikisch

I am in the process of rebuilding my Nvidia charts. However, I can say I am still of the mindset that as long as price is above $104.30 that we should get OMH into the target box towards $127.91 or slightly higher.

maikisch

Having entered the area of a wave (iv), and now exited the box to the upside to challenge the recent ATH, I have to consider the possibility we're headed towards the wave (v) target area to complete this primary wave 3. However, to be clear, below the ATH of $1158.19, we're still in wave (iv). This is visible in the below 1 hour chart. Nvidia will be...

maikisch

I normally do not do micro counts on Bitcoin, however, in the primary count, Bitcoin should be topping in the target box...if it hasn't already topped. We need a breach of $65,500 to give an initial signal, we may be headed to the low $50,000 area for (c) of (A) or that will be all of primary wave 4 for a short wave 4.

maikisch

With respect to Solana I'll say two things. First, and probably in jest, I had no idea Venezuela was important to crypto mining. lol. (reference to the news why crypto rallied yesterday). Second, I am still awaiting signs that price has the intention to follow the purple alternative path. The attached Daily chart shows there is a full count to the upside complete...

maikisch

Nvidia has moved higher outside of the standard retracements expected. Due to the overlap we could be either dealing with a double zig zag for minor B which is common, or this is a series of nested 1-2's in the purple count. If this develops into the purple count, this will sub-divide towards the $1,100 region. As of this morning I am expecting in the minimum...

maikisch

Is it possible Nvidia can muster the strength to get my final higher target of $927? Possibly. But time is running out for the chip/GPU maker. A breach of the $880 level makes that highly unlikely, and that could be our initial sign we're now headed to the $700 area. Nonetheless, even if we do manage to get that OMH (One More High)...I still have price...

maikisch

Microsoft had great earnings recently and after the announcement buyers rallied the shares...only to see that confidence 100% eroded as of today. What are traders telling us about Microsoft? My analysis shows a minimum target of $370 with a decent chance of seeing $343 or slightly lower in the coming weeks. Best to all, Chris

maikisch

Nvidia has been weak as of the last month, after a major run-up in the stock. Since we have no catalysts on the short term horizon, I am forecasting a fall back towards $700. However, in the short term we can get as high as $927 before falling back towards my target of $700. To get this sort move in the stock I will remove the purple alternative path of the...

maikisch

Bitcoin's long term chart retains a very bullish posture. Currently, I have the BTC chart having completed, or about to complete the first upward subdivision within a long-term cycle wave III, that could top the $1Million area per Bitcoin. Nonetheless, in the short term we are correctively retracing, and retain the ability to eck-out one more high, before...

maikisch

Price has entered and exited the target box for this retracement. Although price could try to get higher in the target box, only a move that breaches the recent low of $830 will signal a confirmed top that could be long term in nature. Best to all, Chris

maikisch

We tagged my long held target yesterday of $834, and now I'm of the opinion we get a corrective retrace targeting $902 before seeing lower. Best to all, Chris

maikisch

I have long been warning that Nvidia was on a path to tag $834 for a while now, Followers of mine can search previous posts. I received a ton of criticism about my analysis...even ridicule at times. ...and here we are on the verge. My only question is do we get deeper into the target box? Best to all, Chris

maikisch

I recently gave an explanation for b-waves that stated: Sometimes B-waves can be difficult to track as an Elliottition. B-waves, and wave 4's serve a very healthy, potentially complex, but totally rational role, in the advance or decline of price within a market place/security. They represent the competing viewpoints about the direction of a security and it is...

maikisch

Nvidia is working it's way through a b-wave retracement and may get slightly higher before resuming it's downtrend towards $834 with a chance of tagging $753. Best to all, Chris

maikisch

Nvidia has been retracting some of it's monstrous gains lately. To stay below the $946 area brings $813 into view as the next downside target. A sustained break of $946 should deliver a new high...however, this pattern higher looks very corrective. I favor $813 before new highs. Best to all, Chris

maikisch

This wave 4 could take months, and retains the ability to be deep. Nonetheless, the Bitcoin chart is in a very low term bull market. Upon completion of wave 4, wave 5 can exceed $100,000 before primary wave i of cycle wave 3 is complete. Best to all. Chris

maikisch Updated 

Off the Friday reversal (which was stunning over 100 points in range) I can now count 5 waves down in the micro timeframes. Whether this is a wave 1 or just an a-wave, we should get a retrace slightly higher before descending in a wave 3 or c-wave. On any descent, Nvidia needs to hold $770. A breach of $770 brings $647 into view. I am currently Best to all, Chris

maikisch

In my last update on February 15th , I stated... "Bitcoin has developed a very clear upward trajectory that we have tracked all the way from $15,000. We are now in the target box for completion. The one caveat I have with my analysis is it is possible I was too conservative. The MACD indicator should be on negative divergence for completion and it is now...