Interesting reward to risk here, I'm long $ETHUSD with a relatively tight stop. If the weekly pans out here, we may get a rally towards 2550 next, but I suspect price might need to base sideways after reaching the 1560 mark, before moving higher steadily. Definitely an interesting trade setup as it is he first bullish signal in weekly scale since a bearish signal...
Michael Saylor used to be revered by Bitcoin fanatics, since he was mega bullish their favorite asset class and loud as hell. The ultimate degenerate gambler in the space. His other people's money gambling habits are nothing new, as he battled with fraud allegations back in the hey day of the Dot Com bubble. Now he's making yet another fund raising round to buy...
As per my prior post, $TSLA started to reverse the decline from the market top, after Elon sold shares back then. Recently, Kimbal Musk exercised options to purchase shares, and we had a series of interesting developments. The last report was very good considering the lock downs in China affecting $TSLA Shanghai as well as sales in China, as well as high commodity...
The dollar index has flashed a buy signal in the daily and weekly timeframes here, I've bot some exposure to it via long calls in $UUP expiring by late September. The weekly Time@Mode trend signal forecast implies a substantial move lasting 6 weeks from here onwards. Downside risk is small, the signal suggests a 3.65 times reward to risk ratio, if the target is...
I think we may see a rapid advance in Nat Gas here, the technical setup in $UNG paves the way for a 18.4:1 reward to risk potential trade. I'm long equity here, but you could trade this with options, or an equivalent fund in the EU or UK (if you're EU based). Futures or options on futures are also an option, but more complicated to execute with maximum efficiency....
The Dollar offers a nice reward to risk entry as a continuation trade here. I'm long via FX pairs and a Dollar Index position. Eventually, it might take coordinated intervention to stop this advance, fundamentals are firmly in place for a continued trend in the Dollar against foreign currencies, given the limitations to affect the energy market and of monetary...
I'm short $AAPL here, I think it is at risk if tensions escalate further with China, after $NVDA and $AMD were banned from exporing sensitive AI related gear to China. The chart shows a weekly down trend has popped and a monthly decline can confirm on close if it stays down long enough. Downside is substantial, as seen on chart, the last weekly trend hit the...
I am monitoring bonds here, as we are approaching the target of a weekly down trend signal that fired recently, while the monthly timeframe trend is about to reach its end. By the end of September, the odds of a reversal in bonds will be very high, while equities are looking like they could crash lower from here possibly, and we could get inflation to come down,...
1st time this happens ever since the trend turned bullish in 2012 for $MSFT. By the end of the month, we will get confirmation of a potential bear market trend starting to gain traction here. Investors had a tremendous 10 year run ever since but it appears to be over. Best of luck! Ivan Labrie.
If prices hold up during next week, equities can stage a substantially strong weekly advance. The same pattern is visible in $ES_F and $SPY overall, and also crypto. We might have seen a long lasting major low set in stone in markets across the board. Prices of oil have come down more than 30% since the top 6 months ago, this gives equities a boost over time with...
$ETHUSDT is interesting, I've been bullish relatively vs Bitcoin for a while, but got out of my latest attempt at riding the pair trade in minor loss of 0.15% yesterday. I had secured some gains since my last publications before, and tried buying back after a dip. See related ideas for the last post. There is a lingering chance of forming a monthly uptrend in...
The chart here looks perfect for a short in $NVDA, and as a bonus we have #Ethereum transitioning to Proof of Stake for transaction validation, which together with high electricity prices will make GPU mining go extinct overall. I'm short, as part of my long/short stocks portfolio. The other shorts are crypto currently, which are likely the riskiest of all risk on...
We now have a weekly uptrend signal in Bitcoin suggesting a rally to $28k is possible here...I was skeptical with this possibility but there's a similar rally in various risk assets, and we even had some strange sentiment signals lately (Pomp removed laser eyes from his Twitter profile). Everyone hates this rally, at least among my close circle, which is...
Weekly trend has now turned up in the $ETHBTC ratio, while the bearish trend in the daily failed to hit target and was completely erased. It seems buying into the merge event is driving the ratio higher here. I can see the 0.092 target zone being hit quickly here, while you may also qualify to receive some free coins if there is a fork (you can see how much it's...
The pre merge enthusiasm caused a big rally in both the ratio and dollar charts, both charts just flashed a short signal in the daily chart with very tight stops and big reward to risk, with open ended downside if it keeps trending down after the 1st range target is hit here. I'm long $SPY vs a long $BITI position as a pair trade currently, but will also add an...
I'm shorting $LCID here, nice weekly setup, downside targets are $9-10, and up to $1-2 by December 2nd or sooner. I'm long puts to ride this move, since the stock is hard to borrow. Worth a shot, you could also consider a portfolio where you long the relatively safe EV names vs shorts in EV startups that are burning cash and unprofitable, which will likely...
Nice signal in energy names. Macro and fiscal policy are sure making the Fed's life hard. The trend in commodities, energy, value vs growth remains bullish, same as the trend in the Dollar vs the Euro. The recent drop in inflation and oil created a very low risk buy opportunity in commodities in general. I've rotated away from my growth focused portfolio in the...
I think we can go long $FTTUSD against a same size short in $BTCUSD, the ratio chart shows there's 95% upside with 5% risk give or take, historically, in bear markets, exchange tokens have done well vs Bitcoin (like $BNBBTC did in the prior bear market back in 2018-2020). It might be worth a punt here...Betting on Sam might be a decent gamble, relatively vs...