novamatic

novamatic Updated 

We just tested the 61.8 retrace and if you believe the world isn't going to fall to bits, this is a solid play for upside in a 3x LETF.

novamatic

we have a confluence of levels and patterns. you can see the larger cup and handle patter. you can also see we pulled back previously to the 61.8 retrace. now we are on the 50% retrace and the channel. The channel has multiple touches on the top, middle and now the bottom.

novamatic

we previously pinned the 61.8 retrace level and we are now finding support at the 50%. This likely predicts a significant upward move. Note the fib channel and retrace levels.

novamatic Updated 

Arm has been trading very technical. You can see we pinned the 61.8 retrace on the lower trendline and recently tested it, again, at the 382 (also on trendline). if we break down, target is 50% retrace level at $113. you can see the upside targets if we break up.

novamatic

This is a log chart for Cardano if this plays out, we are looking at about a 7x from current levels, with a high somtime mid 2025. Then pullback/cooloff and go to next crypto bull run.

novamatic

This chart is mostly for me, so I can come back to it, later... but as you can see, we'll go up and down, but likely to go more up than down :)

novamatic

This chart is mostly for me, so I can come back to it, later... but as you can see, we'll go up and down, but likely to go more up than down :)

novamatic Updated 

Every time we've tested this trendline we've had a reversal in BTC. This time may be different. notice where all of the momentum indicators are on this touch - pushing down, below midpoint. I'm keeping a close watch on this.

novamatic

history may not repeat itself, but it rhymes... or so they say. But in this case, so far we have an EXACT repeat, starting in 2015. The chart uses the exactly same angles and duration from the inflation we had in the 1970s. I put this together around 6 months ago and so far... it continues to track. You be the judge of what's going to happen. Of course, time...

novamatic

NOTE: This is a LOG chart, so it may look different if you're just viewing standard charts. We tested the 61.8 pullback twice. Targets are above and would bring us close to ATH. expect some sideways consolidation and then breakout.

novamatic

Let's see what this can buy us. If it can hold this level, and we get a nice sideways base, the upside is significant. what do you think?

novamatic

I wouldn't touch it until it gets to that level... but even then, you'll need to closely evaluate it. Here's a simple chart. Don't catch the knife. catch the bottom.

novamatic

This is a fib pitchfork and Fib retrace. we have confluence at the 50% and trendline. This is a long for me.

novamatic

make of this what you will but I've noticed the VIX has a repeating pattern that follows a repeating pattern. that white trendline you see is the exact same angle in every iteration. I think we may be repeating a yellow box pattern of lower volatility for the next 1-2 years. What do you think about this?

novamatic

Quite a big timeframe. building support at this level. RSI/momentum looks like it can easily pull us up. Nice easy stop location. What do you think?

09:11

novamatic Updated 

TNA has some serious room to move. Even if you are bearish on the Russell, we could see a move to $80 in TNA and still maintain a bearish thesis. I illustrate how I think TNA could move up from here. Comment and let me know what you think

novamatic Updated 

Big picture, TDOC is on support levels and they just got a brand new CEO. Earnings on the 23rd... I'll post some follow up charts zoomed in.

novamatic

AMEX:MEXX (3x levered ETF) is on a perfect pullback to the 61.8. Momentum looks good and this is a perfect long entry.