Another Tesla call here, it looks like we may break a little higher to form a higher timeframe double top. I am not trading this right now but my breakdown and bias remains the same regardless. I called the previous short perfectly and now I will attempt to call the next bull move higher so let's see if it is correct. Let's go Ninja's! :)
As previously mentioned I am expecting a drop to 15-20k before buying again. In the meantime I expect all major bounces to be sold off. I am not selling, instead I am waiting at my 15-20k level to add to my position. However for those that are interested in the short side here is a quick breakdown of what I see.
I am expecting a huge move up this week to between 4020 - 4070. Previously I correctly called the top and the exact bottom so hopefully the win streak continues this week. I am going to be buying calls 30 mins into open or on pullbacks. Expiration this friday. Could also continue into next wednesday. Let's go!
So I was correct on the sell trade this week. Price bottomed exactly where I previously mentioned. Now is a great time to buy the dip. Next week is going to be good!
As previously predicted I said there would be a drop on oil and it accelerated today. Now is a good time to take some profit off the table as larger retracements can happen from here. The yellow circle is my previous post BEFORE the major move occured. Stay tuned Ninja's!
Ethereum is topping out similar to bitcoin. New head and shoulders pattern is forming. I believe we will see a minimum target of $1500. If we are going to crash on bitcoin like I am predicting then I expect ethereum to follow. Short the bounce or wait lower to buy the dip.
It appears as though the sp500 is going to drop like we predicted but not to the 3830 range but instead to the 3870 range. The bounce higher is going to be quiet significant. I have already shorted today at market open with options expiring tommorow. Then tommorow I will switch to buy for expirations that end this week and next. Summary: Short now to 3870,...
This looks like we might have our weekly double top fake out. Volume decreasing as price moves higher. Historical analogue points to bear market. Price has gone parabolic, parabolic moves NEVER last. If we keep breaking lower the area to buy back in is 15-20k range where a weekly inverse head and shoulders should form.
OIL is creating numerous bearish signals and it appears as though over the weekend and monday we will have a significant drop lower. The sp500 is also going to drop on monday so maybe some news will come out about oil over the weekend that will affect the markets in a negative way.
UJ has been in a strong uptrend for a while, as predicted in my previous idea. The price is currently ranging in a bullish flag and we can expect to break to the upside. Possible entries would be around the retest of that break.
Looks like we could start to turn around here or a little higher. Most likely thursday and friday will be storng drops in price. I will be looking for bearish signals and looking to enter once the market opens today (thurs).
Bitcoin is rallying on low volume, extremely low volume in fact. This is a clear divergence between price and what is actually going on. Like I said previously I believe we will see 15K this year. Yes we can create a fakeout of the highs, yes we can remain at these high levels for the rest of the month but at some point when price starts to turn and everyone...
Hello Ninja's! :) So like previously stated when we were at the lows I was predicting a strong move higher, that happened and the returns were great. Now this movement higher is likely to continue on monday. Then we are likely to create a descending channel before a huge move to the downside. I will keep everyone updated with my trades as and when they...
So we were right about the crash down to 372/3720. Targets were reached. Now it is very possible to have a strong move higher AGAIN back into the highs. The timeframe for this could be a day, the weekend and even monday. Hard to say right now. I took a starter position at the lows. Lets see how we play out tommorow (fri).
It looks like price is dropping, I'm going to see if price bounces from here in order to get better options pricing. Price could easily drop from here and I will miss out on the trade but I am ok with that. I need the correct risk to reward in order to take the trade. Take profit : 377 and 371
Another observation happening on the weekly right now. Price is rallying on fumes (low volume), unless some high volume comes in soon this could get nasty. Like I previously mentioned weekly double top or weekly fakeout double top are still possible and is what we want to see. Target is 15k-20k where we will create a weekly inverse head and shoulders pattern...
IF WE START BREAKING THE DESCENDING CHANNEL TO THE UPSIDE, THEN THE PROFIT COULD BE HUGE. I'M PREDICTING THAT WITHIN THE NEXT 3 DAYS WE COULD BREAK THE HIGHS. THOUGHTS?
I am predicting that bitcoin will start to break lower today. Eventually stopping at around 15k where I will be loading up my long position. In the meantime trades are being made short TODAY! :)