Volume profile provides 4 distinct levels where price is likely to pivot to. If F follows the classic bullflag breakout then I expect it to first fill the volume gap between 13 and 15 before launching upwards. If it breaks down for some reason, I expect a price of 12 by the end of the month. Given that TSLA also seems primed to move, it is hard to imagine the...
Taiwan has finally caught corona, and it doesn't seem like they will get it in control in time. I am targeting a price of 80 if the situation does explode. Volume shelf showing a lack of liquidity between current price and that level. This pattern is shared across AMD and UMC as well (AMD dependent on TSM, UMC also located in Taiwan), but less so in other semi...
Moon cycle, Pi cycle top, H&S pattern... bad times for BTC ahead!
Both companies look to be breaking out of a descending triangle pattern. Lots of speculative money went into inflating them. MSTR hasn't dropped by much compared to LMND, so there is probably still time to build up a short.
Would be hilarious for the whales and bank breaking for all the normies. Go ahead, buy the dip. Then buy it again. And again. And again!
If Gold continues its uptrend next week, I think the breakout will be in motion. Otherwise, Gold will continue to be squashed for another few months or so. What is interesting is what Gold rising will mean for other assets and the macro environment in general. Currently, gold actually does tend to rise with stocks since its a bet on yields staying low The...
Double top on DDOG is playing out. Recent bounce failed to reclaim the lower support levels. And with tech / growth dying across the board, I am not expecting any macro force to save doggo here.
pbs.twimg.com Purple is when institutions were buying. Red is when only retail was still bullish. You provide exit liquidity, they provide u with shit.
Confluence of three indicators here. RSI divergence, bullish gap up, and the Williams VIX are all calling a bottom for GSX here. Its a dumb ass bull market, so who cares about fundies?
Now that inflation is undeniable, the commodity trade is becoming obvious (and crowded). FCX is trying for an all time high right now. One strong day is all thats needed to punch through resistance and confirm a rally. SCCO is a lagging copper miner here if you want to buy this move lower.
SPCE formed a very obvious head and shoulders pattern with a clear close below the neckline. At this moment, a red hollow candle has formed, indicating a bounce is near. Given that RSI is oversold, I expect the bounce to happen tomorrow. If the neckline is retested and price is still closed below, then that would signal the time to reload on puts.
Because why not? If BTC momentum collapses here, then correction is here. All bag holders (also known as dip buyers) will be rinsed. Watch for the RSI to enter oversold and confirm a re-crossing of 50 afterwards for the all clear, or a bullish divergence to form at the bottom.
Market leadership has clearly passed to the FAANGMAN group. Being deep long here is dangerous imo.
1) Riot keeps making higher lows while its RSI is making lower lows. This is a so called "hidden continuation divergence". 2) Riot is forming a wedge pattern that will break either up or down. A) That said, last I checked there was a strong bearish RSI divergence forming on BTC, and since RIOT is a proxy play for ppo who cant trade BTC derivatives, any RSI...
Unlike Feb - March, there is nothing odd in the RSI about this latest rally. I suspect it will make a temp top within a week or two, then make another, unhealthy top a while after that. But for now, the bull trend is strong
IF U WERENT DUMB LIKE ME AND BOUGHT ON THE 25TH U WOULD BE RICH OFF TIMBER RN