Technicals
s&p500 futures still have bull momentumas long as we respect the 1-4 hr neckline, and we dont roll over breaking to new lows there are still lots of attractive areas of price above 4783
the bottom line is that calls are still cheap as long as we keep consolidating, so shooting for a intraday high above 4800 is a sound judgement
this means quick profit can be taken as we snap back to higher prices on the 15 minute
4780.25 is a decent target
two directions for bitcoin (gbtc)the worlds largest, most popular crypto currency is headed for a break of the 42.5 area
or were headed back beneath the 34.5 region soon
Daily Crypto Market Update - Showing Bullish Signs Again - OXTIn this video:
A discussion of the overall crypto market sentiment
A discussion of future price action
A look at the altcoins market
Is sentiment beginning to turn bullish again?
Orchid OXTUSD charted with levels for paid subscribers at substack
Oil Gains Strength After API DrawOil has regained strength, rebounding nearly to highs again. We have blasted through all levels of resistance in the 82's and 83's, and are currently just below the high at 85.55. We seem to be hovering around 84.75, which has been tested and rejected before, therefore we are adding it as a new technical level. Oil appears to be in a sideways corrective pattern for the longer term, ranging from the high 70's to 84.75. If we are able to break out then 87.21 is the next target.
New Pattern Spotted on Bitcoin Chart!!! TARGET $100,000!In this video:
We discuss a NEW Cup and Handle Pattern Spotted
Old C&H Patterns may have been legit, but are completed now
New C&H Pattern makes much more sense mathematically and in conjunction with the Bitcoin Dominance chart
New Cup and Handle pattern puts us at a target of $100,000!
Twitter bull & bust Casetwitter has recently made a sharp downside move towards 100EMA on the weekly chart which looks like will hold for a couple of upside sessions as of now as the market is over all in strong upside momentum with daily record close across the board. That being said, the over all picture for the company and stock looks a bit shaky with sharp sell off from the past week. if the stock does manage to climb back towards the 70/72ish area i believe it can still dive down towards the 2019 Area all over again. which will be an Ideal place to go long on this stock. but for Day traders this stock can be a real treat as the daily volume is high so the volatility is there to make money both ways. Personally i would go long with $48 as the stop loss area and $70 as Take profit and would be a seller at $70 with stop loss at $76 and all the way towards $30/35$ take profit.
Inside Bars On Bitcoin Suggest A BreakoutWe see that bitcoin slowed down recently with an inside bars pattern, but above the falling trendline which is actually trying to act as support now.
An inside bar formation can bring the volatility back, but after a daily close above the Mother bar. This can then cause a continuation back to the highs
On the other-side drop below the Mother bar, may suggest that weakness from Oct 20 will be more complex and tricky with potentially lower prices ahead.
#WYNN MACAU LONGthis stock has absolutely been beaten down towards the all time lows and taking a position in this company at this level can give some good rewards. The parent company WYNN RESORTS has a household name in the US in Casino and resorts segment. the company has gone through some rough patch in the last 2 3 years primarily due to Covid restrictions around the world. the casinos and resorts were shut down due to which the business had faced significant losses. that being said, it is not a bad time to take a position at this point as the casino/gambling business is coming back on air with covid restrictions being lifted all over the world now.