


I'm not much of a speculator anymore, but if I were to speculate on what may be the biggest return in crypto outside of BTC and some random meme coins that pump crazy amounts, I would choose XRP. I have reasons, but it's just speculation and not that important. For the chart, pretty neutral IMO. Big time triangle is forming though so we should get a better sense...
Bulls recovered nicely after giving up $95k. We have a couple of shorter term bull flags on the 15m now as it approaches $100k again. The last one led to a nice breakout and we're sitting at the top end of the current one. A breakout above could be the beginning of the final run to $100k. If it fails and falls back below $95k, next stop would be the recent low...
MSTR has been trending down since late last week, but is now coming into an important area of support around $370. There's good potential for bulls to hold here which should lead to a breakout above the channel and a move back up towards $490-$500. If it can't hold $370, that's not great but it would still have potential trendline support below along with previous...
Decent little sell off this morning, ES coming into trendline support, important for bulls to hold it here. If we bounce I'll look for a move back up to the trendline above for a potential breakout. If it breaks below and can't hold 6k, I would definitely avoid longs until around 5950 at least.
BTC is trying to hold its uptrend line after a brief move below. If it can hold here and breakout above this wedge, first target and potential short entry is around $95.6k. Second target is the trendline above, if it can take that out, it will pave the way for a move back up to ATH and $100k. If it can't hold this trendline support or reclaim 95.6k, downside...
Futures are moving lower after Trump's post about tariffs, I don't think this news is significant, but we could move down tomorrow on technicals alone. Currently trading below today's low of day, we had a pretty big rejection this morning and couldn't hold above 6k or 5990. If we do not reclaim 6k overnight or shortly after open tomorrow, bulls may be in trouble....
We're still riding this trend up since early November. We have retraced nearly the entire election move, but bounced at the top end before moving down to fill that gap. Some important areas and scenarios I think are likely: #1 - A move up to supply/ATH/upper end of the channel which leads to a rejection. The channel holds after a small pullback and we go on to...
BTC came within a couple hundred dollars from hitting $100k before pulling back. Nice flush after the ascending channel break too. I'll be watching the uptrend line below for a potential bounce spot if it continues lower. It seems likely to me it will retrace some more before going back to $100k if it does go back, but hard to say. Important thing is what does it...
We may or may not get some good price action this week. The week of thanksgiving is pretty terrible for trading most of the time, but we have a lot of potential catalysts this week. I would still avoid Wednesday. If this futures move holds up overnight, it looks like QQQ may gap up above $507.84. if that's the case, I'd have bullish bias until it breaks below....
The Yen benefited from the US rate cuts after the Bank of Japan was forced to intervene to prevent further collapse. They succeeded for now, just like in 2022 and other times before. However, recently US treasury yields have started to spike again, sending DXY higher and the Yen lower. TNX going to 5% seems inevitable, which wouldn't be good, but it will be a lot...
The yield curve has just recently reverted back to normal after the longest inversion in history. The yield curve has been perhaps the most reliable and only indicator needed to predict recessions. This time is no different. We are entering the final stages now, we are seeing the type of extreme greed levels needed for a major top. The fed has just begun cutting...
I've been talking about my change to being bullish on BTC a lot lately and I've been looking at some ways to get long exposure. MSTR owns a lot of Bitcoin and plan to keep buying it. The company will continue to increase in value as BTC rises based on that alone, not to mention all the other revenue channels. I don't know if I'd call this a cup handle, but it...
Similar looking bull flag/wedge here on TSLA as last week. The last one led to a downside break, we'll see about this one. Structure is still bullish and we have a bullish pattern on the 15m, but it is smack in the middle of the range so not the best spot to open positions IMO. Will be looking for a break and play according. Ideally any breaks will result in a...
Today's opening 15 minutes was one of the more wild ones I've seen. It's been a wild week in general. Every single morning we have been hit with war fear news right at open. Each one led to a big VX spike and near instant recovery. You can see the huge spikes every morning, starting with last Friday. What I think is important here is that it has came right back...
Kind of a weird looking bull flag, but it is a descending channel after a leg up. It could have another move up if it breaks out above, but there's potential trendline resistance above from the previous uptrend. Would be the first retest, but if it breaks that opens the gates for a lot more upside. Could work for a short too, the recent spike leaves it vulnerable...
The mag 7 finally moved down for a retest of the previous ATH/supply I had been watching for a while. Got a nice bounce up to the gap fill before stalling out. Now we're coming back into the area again. This will have a big impact on SPY and QQQ so it's an important watch. It will either break this resistance here and fuel the market higher or potentially reject...
I haven't bothered trading SMCI since my short on it earlier this year. This thing actually almost went to $0. It just bottomed out finally and had a nice broadening wedge breakout. Looks like it's about time to short it again. It may head up to the gap fill at $32.20, if so I'll look for more puts. Entering anywhere in this area is good for a move back down to...
ES is sitting smack in the middle of its range. I'm bearish for now but would wait for a break to do anything. A break below would likely lead to a flush back to low of day around 5880 and maybe ever lower. To the upside, watching 5931 for potential resistance.