xtremerider8

xtremerider8

This just an update from the previous post w/c finally starts to play out. MATIC most likely bottomed as it has repeatedly bounced from the 1.3 zone. However there is a big resistance zone between 1.533 & 1.67. There should be a follow up to this engulfing candle in the days ahead. Failure to break above the resistance zone will set MATIC in a consolidation...

xtremerider8

This is an update from the previous post w/c finally plays out. SHIBA just brokeout 2 trendlines with a big green candle. However, it must have a follow-up candle to confirm the BO. A pullback is imminent but it also must hold 0.0000275 to be bullish. The different TP levels remains unchanged. Not trading advice

xtremerider8

TNX may be seeing a top soon at the 0.786-0.854 Fib zone somewhere near 2.81-2.83%. Also, if you measure the inverse head & shoulder move, TNX may peak at 3.25% which is a very significant pivot line. And if you look at the downtrend channel, TNX topped out several times at the upper channel. This time it overshoot due to the aggressive selling of TLT bonds doing...

xtremerider8

Note: this analysis was made factoring in impt Fib levels, a fractal megaphone pattern from 2018-2019, EW counts at multiple levels & also stock seasonality. So far SPX followed the general movements of this yellow fractal. SPX just recaptured red dma200 line & bounced off dma20. Also the green dma50 starts to have an upward trajectory. SPX have completed ABC, an...

xtremerider8

GBTC in this weekly chart gives much clearer price action patterns than the BTC chart itself. Long term bullish: 1) BTC now trying to cross the FIB Channel between 0.50 & 0.618. Crossing above will be bullish. Rejection down from this zone will be bearish. (We see some rejection started in latest weekly candle) 2) BTC may be trying to complete a big...

xtremerider8

CAT may be finishing the head of a head & shoulder pattern up to the 237 Resistance zone( also upper side of the green Megaphone). Then it may go down to 200 to make the RS this coming May. Measured target of this H&S will be 288 which is also 1.618 Fibo of the whole wave IV. 179.67 may already be the low of wave IV Megaphone pattern. The final wave V might be in...

xtremerider8

Thw low may be in for VMO now that it recovered from the 45 multi-year pivot & also from the Anchored VWAP from pandemic low. If 45 do not hold, VWO may still go down to the 39 to 40 zone for a bottom. Not trading advice

xtremerider8

As I posted a day or two ago, I have an upside bias with only a small retracement. Although a BO/ gap up from the descending triangle is a positive sign, WEAT has just returned to the mean finishing the day with an indecision candle right in the middle of a DARVAS BOX. It may still go either way. Wait for reaction tomorrow at the anchored VWAP from the Jan low....

xtremerider8

I made this on the request of someone who shorted WEAT. WEAT, like other commodities oil & gold, is still trying to BO of a triangle. Watch carefully which direction is breaks. Although I think the Ukraine crisis is far from over, WEAT may still have some room to retrace specially when inflation takes a breather before continuing upwards. WEAT so far retraced FIB...

xtremerider8

Last week I posted a more bearish scenario for BTC touching already upper channel & Pitchfork median which provided more chances of BTC being rejected downward. Here I use a different pitchfork angle & a different big downchannel where BTC still has some space to rise before touching upper channel & also the pitchfork median. (Reason: TA is very subjective as...

xtremerider8

BTC in this weekly chart just stopped at the daily ma200 red line. It stopped at the upper side of a big red down channel. It stopped at the maroon slotted median line of my Pitchfork. Although this is more subjective, it also stopped at my violet uptrendline from pandemic low. (I used this line w/c respected several points) It will be crucial to see how BTC will...

xtremerider8

An update from last post: If the anchored VWAP level of 0.000026 does not hold, SHIBA may not BO of this big symmetrical triangle yet. It will go down for a retest of the lower edge of triangle at around 0.0000238 before a true rally to break 0.0000275 resistance for the next targets levels. Not trading advice

xtremerider8

SHIBA just bounced from an anchored VWAP (from Jan Low) near 0.000026. However, it still have to break above the 0.0000275 resistance to be bullish. Next TP levels are 0.000037, 0.000047 & 0.000057. Not trading advice

xtremerider8

TAN has been attacking the 77.50 pivot since early March & this may break very soon. Failure to breakout 77.50 may need a retreat back to 68, the neck of a M-Gartley pattern. Recent energy crisis will again push the narrative for solar energy this 2022. Not investment advice.

xtremerider8

TWLO retested & bounced from 152, a very impt pivot. (Resistance turned support in the past). 152 pivot must hold to remain bullish. See next TP levels. Not financial advice

xtremerider8

ZM & IBB Biotech have both came back down to 2019 pre-pandemic levels. Pls see my previous ZM post for the chart of IBB. Sorry got confused by similar chart. ZM just BO above the falling wedge. Some consolidation probable as ZM may be bottoming. Not trading recommendation

xtremerider8 Updated 

This level seems to be a good place to buy but marrkets may remain irrational due to bad sentiment, inflation & geopolitical tensions. Technically, ZM may first consolidate & create a bottoming base coz ma20 is still far above. Investors may find this zone attractive to accumulate some shares. Zoom meetings are not going out-of-style yet even after pandemic. Not...

xtremerider8

As I have posted several times before, 0.85 is the do-or-die point. Heavy fighting now at 0.80 to 0.85 battlezone as bulls BO 0.85 but failed to retain position & went back to 0.80. There will be another attempt. Overall, I’m still bullish coz XRP already BO of a falling wedge. It held dma20 & dma 50 so far. See the ascending triangle? XRP has to BO from this for...