thespinmatt

thespinmatt

It appears that wave ((b)) of 4 may be complete and that there is further downside to go in order to complete the wave 4 at a larger degree. In our opinion, this was always a bear market rally, and that there are significant fundamental problems with the economy that are about to be apparent to the market and that this wave ((b)) of 4 has extended itself to a...

thespinmatt

Counting a clear 5 wave impulse off (Y) with a zig-zag retracement that is respecting the parallel channel. in wave 2, wave ((c)) = 1.618((a)) and is respecting the lower boundary of the channel. Bullish case for an impulsive wave 3 to pierce the upper boundary of the channel on the 0.618 relationship with wave 1 and looks technically oversold (RSI <20)....

thespinmatt

We are in wave 4 and I have identified the expanded flat. Therefore the form should be 3-3-5 with Wave B above Wave 3 of one degree higher and Wave C should finish below wave A, but am having a hard time counting the impulse 5 move wave C. going above 33K in bitcoin would violate Wave 4/Wave 1 price range and would have to recount

thespinmatt

Looking to see the trend on a monthly and weekly timeframe before moving down in time.

thespinmatt

Looking at a good opportunity if we can hit the golden pocket on the fib retracement, although I'm not sure we will with the support range. On the FA side, I anticipate a leg up similar to LUNA as these assets were grossly underpriced. On the TA side, we have been able to reverse market structure, and break through a previous resistance, along with a weak...

thespinmatt

A bit of a deeper dive on a coin I looked at awhile ago, Paribus (PBX). A coin that wants to offer chain based lending, synthetic assets, and NFT collateral based loans, all on the Cardano Network. FA wise: I thinks needs more catalysts to develop before seeing potential. ERC-20 to CAD-20 token converter needs to be on the mainnet, a dex like sundaeswap needs to...

thespinmatt

Bullish Divergence happening here for ONE. Would try to grab in the golden fib pocked around 0.27. Not convinced it'll dip this low though. 0.22 and 0.25 were great opportunities to buy. Target for this guy is $1. Little weaker on my TA today, but im mid cash flow statement, so this is all im giving myself.

thespinmatt

Being a bit aggressive here, but looking for this short term dip to come back into the 30-44$ Range that ATOM has been in. This project looks undervalued. The wick at the bottom was the change in Market Structure (MS) we were looking for and should translate in to higher highs and lower lows. Normally, it would be smarter to get multiple entries with different...

thespinmatt

Noticing a short term opportunity as price/RSI divergence pops up. Might be late on the opportunity, but there is an opportunity to risk 1.8% for 4.8% gains. Low Volume, plus a local double top, a hanging man candle, RSI divergence, equals selling pressure. Stop loss just above the first wick above the 56kk range, and TP on 53,500. Limit Order definitely needed...

thespinmatt

Looked like the perfect Short opportunity. Divergence on RSI, Market Structure, and retest of the pocket, all with a local double top. Great risk to reward ratio. This was a missed opportunity.

thespinmatt

KDA entry point, lines up with the golden pocket on the fib. Will look for support to be held to enter this trade first, otherwise, will not enter. If it can use 20.00 as support. Targeting $28.00 as TP 1 and 40 as TP 2

thespinmatt

There appears to be a hammer candle, and MATIC is currently using 1.75 support. It could fall to 1.50 range as the next level of support. Confluences: Market structure of Higher Highs and Lower Highs Hammer candle indicating bullish move Breaking through 1.75 then using it as support. Risking 20% (to 1.42) for 60% (to 2.82).

thespinmatt

ONE looks like it has strong selling pressure at 0.28. Will it range and consolidate here? We are waiting for a change in MS as we keep making higher highs and lower lows. Need to wait for todays candle to close. Seems indecisive. 4 and 1 hour charts seem to show a bit of trend reversal happening, but remains unclear on the macro. 0.21 could be next support...

thespinmatt

Learned how to us ALT + H for a horizontal bar so marking my TP and SL limits with them. Risking 6% for 33%. See potential for ATOM in the near term.

thespinmatt

Looking for a retracement to 0.26 (roughly) before seeing 0.52 as a target. Stop loss at 0.21. Maybe the risk is too high on this trade? Risking 20% for 100%? Looks like stronger buying pressure on the 0.22 price, but still learning how to identify support levels.

thespinmatt

Support and resistance bands previously established... Long term bullish. Need to hit $39 for a range or breakout play

thespinmatt Updated 

Looking for strong support at $260 with a targe price of $325. Risking 4% for 18.6%. Stop loss at $260

thespinmatt

SHIB changes market and heads back into the .618/0.768 range and then drops down, as expected. Target is the -0.618 range. It appears that resistance is forming around the 0.00008000 level, with perhaps a double top at the 0.618 level (unsure what that means, but seems relevant). A short position is now in profit, I would move the stop loss from 0.88 level to...