thecoffeeshoptrader

thecoffeeshoptrader

Tesla will slowly bleed off as key holders offload their holdings and dip buyers are buying at every dip. Let's see if the price will follow my predicted downward path.

thecoffeeshoptrader

Nio seemed to fail to breakout. Price will head back down. Keep a lookout.

thecoffeeshoptrader

Guess the big money is taking profits. Very straight forward drop as institutions and insiders take their profit. Some dead cat bounce to be expected. Next level of support is at $900 which long-term retail investors are looking to "buy the dip". If $900 fails, the next support at $800.

thecoffeeshoptrader

Bitcoin remains strong as it defies a pullback and double top formation. So if it manages to break the top again, we will be looking at more upside to the $78,000. It's just my estimate. If it fails, then it's another re-evaluation to see what pattern it forms.

thecoffeeshoptrader Updated 

NVDA looks very overheated given the impressive run up last night.With a very big pin bar showing, look towards a cool down later.

thecoffeeshoptrader

XRP is trying to break out of its triangle. Let's see if the breakout is successful.

thecoffeeshoptrader

Bitcoin remains strong as it consolidated and broke up from its small resistance. Will it break out of its double top?

thecoffeeshoptrader

There's more room to go for Ethereum as it continues to break up. Channel has formed for Ethereum.

thecoffeeshoptrader Updated 

Tesla is certainly the strongest performing stock of all. Still the parabolic movement is going to be scary. Looking if it hits $1,230 resistance which I identified.

thecoffeeshoptrader

Nio seems to be looking for a breakout. If the breakout occurs we can see further upside to the price.

thecoffeeshoptrader

WTI looks to correct. We shall see if it will follow through.

thecoffeeshoptrader Updated 

Tesla has certainly made many investors happy with the huge move on the Hertz deal. Hence many FOMO were pouring into the run up which then selling starts to begin as profit taking starts. Hence this resulted in a parabolic rise to Tesla's stock price. With a very big pin bar showing on yesterday, this could mean that Tesla will likely to crash back + fill the...

thecoffeeshoptrader

Oil has seen a very bull run due to the energy crisis. The price peaked with a pin bar at a resistance point. Hence, I will be looking at a pullback to around $76.

thecoffeeshoptrader

Solana hit a resistance completing the week on the weekly chart. Compared to Bitcoin, the bar seems to be stronger. A break out will see Solana hitting higher, while a failed breakout will result in a double top early formation.

thecoffeeshoptrader Updated 

It seems Bitcoin has hit a high. If the weekly candle closes with a pinbar, we might expect a pullback of Bitcoin prices as with the new Bitcoin ETF, I assume there will be some investors who would want to cash in their holdings. The problem is, this will become a double top formation. if this is a double top then, we might expect Bitcoin to fall back to $30k...

thecoffeeshoptrader

Ethereum met with resistance in the daily. A breakout will indicate further upside. Would say it will be more likely this is a strong resistance so price may go back down.

thecoffeeshoptrader

Seems AUDUSD in a consolidation. If it breaks the support should go down to the trend line.

thecoffeeshoptrader

GBPUSD is at the support line. If it successfully break then more downside will occur.