Either this stock will die due to over-bloating or will tear the universe like some space-criminal gang. Two random gaps down in the summer downturn below the BBs on the daily. Then they're was one final bottom out and a rebound. HUT basically follows BTC. Do I see a BTC rally soon? It's got indicators for it which I outline in a different post but it's a little...
I would say the double top at 45k is extremely bearish. BTC will attempt to make a higher low around the 42k "Bart" pattern but I think it will tank right through due to some geopolitical fear. All markets are impacted by the threat of war but that's just it: a threat. The threat will continue to drive prices down until the 30-35k floor is once again tested. BTC...
The RSI is showing a clear bearish divergence on the RSI. As we see on the daily, there are three lower highs on the RSI combined with higher highs in price action. This is bearish. We also see overextensions on the weekly and monthly RSI. Moving averages have not been catching up which suggests there will at least be a correction to them and they will be tested...
Massive rising wedge channel from the dotcom bubble. Pair that with a weekly rising wedge and you have the possibility of a double top fake out and collapse. This idea is much more on the speculative side. But the path I drew is my estimation of what will happen. Pair it with the RSI and MACD on the monthly and weekly and you might see why I can see such...
Airlines are not doing well still despite a bunch of propping up by various institutions. These earnings are going to be absolute garbage and the broader market is also gonna tank too. I expect a rally to the 44-45 range with a likely rebound Monday in the broader market. After this, there is nothing holding airlines up for the foreseeable future. What bullish...
On the monthly, weekly, and daily, DE does not look good. It may seem like a Bull pennant but I believe this is a long distribution. The newest weekly close is a rejection of the top trendline. I expect it to retest the bottom of the trendline and, if the overall market is doing poorly, then DE will fail to bottom out and fall off a cliff. Price action is the...
The fib retracement is in a major support/consolidation zone. The wedge structure is similar to the May 2021-June 2021 wedge within which we saw a fake breakout, a bounce off of a sharper trendline, a RSI reversal, and it appears to be at a bottom with a long legged Doji on the daily suggesting a reversal. This could just be total nonsense or a reasonable...
