BTC Idea: May 19, 2022 (Fibonacci Analysis) Intraday Idea:
LONG
When price gets near, around & below $27K handle, look to buy . Targeting $30K handle
The .50 level of the Fib Retracement & .75 level of the Fib Resistance Fan act as static & dynamic support levels.
Price Target : $30,000.00 BTC
SHORT
When price gets near, around, & above $30K handle, look to sell . Targeting $27k handle
The .236 level of the Fib Retracement & .618 level of the Fib Resistance Fan act as static & dynamic resistance levels.
Price Target : $27,000.00 BTC
Arts
Tesla 22'-23' Forecast (Fibonacci Analysis)Base Case:
US Equities are experiencing broad base revaluations due to excess demand in the markets from the 2020 Stimulus. As a result, current markets are survival of the fittest & higher interest rate environments do not suit equities. I believe the markets are currently pricing in the highly anticipated two 50bps (FEDS FUNDS RATE) on June 14-15 & July 26-27 giving stocks room for the final bull rally (End of June - Q1 23') to begin the inevitable bear market, or "hard-landing". (Q2 23 - TBD).
I believe the risks of a recession in 2023 are 7/10.
Idea:
(Long)
Entry Price: ~$700.00
Entry Date: ~June 24, 2022 (Mid-to-late)
Price Target(s): $1,150.00, $1,250.00
Date Target(s): Mid to Late August, Q4 22' - Q1 23'
(Short)
Entry Price: $1,150.00, $1,250.00
Entry Date: Mid to Late August, Q4 22' - Q1 23'
Price Target: ~$660.00
Date Target: ~June 26, 2023 (Mid-to-late)