rarebreed29

10:57

rarebreed29

Let's take a look at Zoom since its IPO in 2019. I think that Zoom could be another one of these stocks that is moving so much more like Risk and crypto that there is a good chance it finds its own base and bottom before much of the rest of the overall stock market etc. I think that these current levels are becoming quite attractive even for swing trades over...

18:04

rarebreed29

Shopify not only made a new 52-week low today, but we are also looking at buying it for prices not seen since pre pandemic. Prices that it had ran up into without the $ printer running #Brrr. Making this price range all that more significant. I have a theory that possibly some of these riskier assets and tech/fintech plays end up finding their own bottoms long...

16:49

rarebreed29

I'm Long Affirm and will continue to DCA the lows. I think that even if all other stocks crash and get Zero gains from now until next year. I think it's Highly likely that Wallstreet will create a narrative and pump Affirm. I think that the overall idea of lack of cash and credit this year as well as it being hard for many to afford Xmass shopping and or even food...

05:50

rarebreed29

Markets don't move just one way, remember that as you try and open your mind to current realities and expectations. This is not a bounce to just blindly chase and think we now have a new relief rally coming again like 2 weeks ago. Most likely this is just a temp. reaction to the Bears /sellers being exhausted and letting up for a moment. Keep your expectations...

18:11

rarebreed29

So, we have lost the levels above 3700 for now and we have Temp. lost 3600 as well. the question is do we go lower than the 3575 range. Given the overall outlook of the markets and considering the macroeconomics of it and the ramping up of the War machines. Along with the overall prior issues we had coming into the week knowing that we are most likely getting HOT...

19:59

rarebreed29

As stated in prior updates this morning i expected to see the range at $19.5k taken by the bears and then for them to follow up with a line in the sand at $19.4k for the next TEMP. line of R. This has taken place and the bears co0ntinue to remain in control and i foresee them continuing to walk the Bulls down level by level. The next level they are taking is the...

07:46

rarebreed29

This might not age well, its early and markets are on the move. However, i thought it might be worth noting to others thinking it's a BUY the dip only moment to kill it. I would just like to mention a few reasons to exercise CAUTION. It seems that the global drama continues, and the war is escalating this morning in Ukraine and with Russia. This WILL have...

17:39

rarebreed29

I would like to express my concerns with the idea of many who are looking to ape into the Bitcoin diagonal breakout should it occur. If you zoom out a bit, you'll find that the diagonal channel can often be far less important than the horizontal and well-defined lines for R and S (resistance & support). Diagonal trend lines are extremely important and useful and...

15:05

rarebreed29

Bitcoin is stuck in a very tight range and the tops only continue to get lower. Be cautious with the markets as a whole and realize that Bitcoin and crypto have not yet decoupled from the broader markets especially the general idea of them chasing the SPX, Nasdaq etc. I think we could get a relief rally as we open this week after closing out last week oversold....

07:32

rarebreed29

I see a lot of people trying to ape into XLM Stellar lumens here, i see people calling for top 20 coin overnight and for calls as high as $0.20 cents plus RN. I would be HIGHLY skeptical of this breakout and look at it more as a weekend scam pump and or also a bit of relief rally. I like XLM personally and think it has legs still for the future and a BIG run...

06:56

rarebreed29

I still say we are on track to hit $1400-$1600 ranges for a liquidity grab as well as to resolve a short-term oversold metric. However, unless we get a major change in narratives and or global economics, we are STILL in a Bear Market and a down trend. I'm still expecting more downside going into the end of the year/next year as they finally get the U.S. absorbed...

07:46

rarebreed29

Lest talk about mistakes made on higher time frames vs lower time frames and the realities that higher time frames show vs the traps that can easily be laid and or missed on lower time frames. When trading Bitcoin and Ethereum and other crypto, remember they are still correlated for now with the stocks especially the tech sectors and they move very in sync with...

08:13

rarebreed29

So, we lost our 1st Hopeful level of support, we will continue to follow this and update the moves as they happen. Seems the jobs reports etc. from the Fed this morning that released at 5:30 a.m. Eastern came in still hotter than expected and not enough to give us any relief. Looking forward to next week we have CPI data coming out which will have an even bigger...

05:40

rarebreed29

Looks like we might be able to hold the line in the markets at this last weeks test of the lows, i.e. about 3700 on the spx and in that $19.5k range of the Bitcoin. Ethereum looks to be holding the range at $1325. We wont really have direction until the markets fully open and we see what the big boys and major algorithm trading bots do with the bigger cash flows....

rarebreed29

Well i know that many are looking to sound the alarms for the next BULL to begin and already calling this the bottom. I've looked over BOTH sides of this idea. IMO i think that the few things looking positive are just enough to finish this play out and get us back up into the $1400-$1500 ranges, maybe even a spike over $1500. However, i do not think the...

rarebreed29

Sorry for the 2 charts attached and not properly labeled and or separated. Heres the single chart i meant to send. My apologies.

rarebreed29

For the most part things are going about as close to plan as you can hope for in markets like this. I have not updated nor touched/moved lines etc. We are still looking to be flowing as expected and previously shown. I'll make changes to chart when needed. Invalidation has yet to happen.

rarebreed29

Im staying with the general idea listed above until further notice, my only real variations have been buying some calls on the dips the last few days. Most with dates in 2023. I'll post new charts and or updates when really needed. This is STILL in play.