B-17

B-17

This stock price is closely following the Livermore pattern. Additionally, their products may experience record breaking demand in the coming data center build out, to power AI and the next generation of the digital economy. Immediate price target is ~$30 a share. I am long $AAOI.

B-17

Miners continue to frustrate traders, but the long term bullish pattern is taking shape. Dips are for buying.

B-17 Updated 

Good Afternoon, Today FTX agreed to be acquired by Binance after experiencing a liquidity crunch. Interestingly, buyers for many cryptocurrencies rapidly evaporated, likely blowing some levered longs out of their positions. I believe these events are good for crypto, and especially Bitcoin BITSTAMP:BTCUSD . Like junk bonds in the early days, the...

B-17

BITSTAMP:BTCUSD Bitcoin printed an inverted hammer on the weekly chart. Typically that candlestick signals a reversal of the previous long term trend. Bitcoin has been in a bearish since November 2021. Reversing from here could lead to new highs, targets will depend on momentum and overall trend strength. For now, I continue to favor the long side. I remain...

B-17 Updated 

"As January Goes, So Goes the Year" is an old WS adage, and with good reason- in most cases, prices do increase over the rest of the year if there is a positive first month. "The story follows the price" is another great saying, just as most folks are now calling for GME to trade over $1000 a share, many are also calling for sub $20K prices per Bitcoin. Given...

B-17 Updated 

In about one month, Bitcoin could trade well over the previous all time high. Cup and Handle breakout targets the height of the cup from the breakout point in a similar time frame to the breakdown in the cup formation. With today's breakout pattern, that adds up to $80K. I remain Long Bitcoin, DCA till 2032 ~10yrs. BITSTAMP:BTCUSD

B-17

I remain long Bitcoin, I DCA'd every 2-4 weeks for the last 4 years, and plan to continue for the next 4 yrs or longe COINBASE:BTCUSD r.

B-17

Bitcoin remains in a two month consolidation range, Bulls are hopeful a triple bottom formed, while Bears consider overall trend weakness puts $20K in play. I have no idea where prices will be tomorrow, next week, next month... you get the idea. The market is consolidating, until a clear trend forms, it's anyone's guess what's next on technical. On chain,...

B-17

COINBASE:BTCUSD I remain long Bitcoin.

B-17

Fundamentals and trend analysis suggest a weak Dollar for a few years to come.

B-17 Updated 

I want to first point out that at a certain point in time, Bitcoin will have a 35-50% correction. Likely several major corrections in the coming months and years, perhaps sooner than I currently imagine, perhaps later. The current chart structure does not show significant loss of momentum, which historically is a better predictor of future returns than any other...

B-17

INDEX:DXY Triple Top pattern, US Dollar is in the early stages of a bear market. could lose 30% or more of its purchasing power vs the basket of currencies in the Dollar index (primarily JPY)

B-17 Updated 

Bitcoin's recent volatility has prompted some in the trading community and on CT to suggest potential bearish patterns may form in the charts. If we zoom out at look at a weekly chart of price action, you can see that bitcoin broke its long term down trend from the previous bull market high, and that now Bitcoin is in a bull market. RSI has broken down below...

B-17

Keeping an eye on this one at these levels, if RSI collapses below 30, I think this stock is in a decent setup for a reversal. Low volume stock, could be volatile around earnings, Not financial advice.

B-17 Updated 

On Balance Volume looking healthy, but price action needs to confirm completion of accumulation with a break above the middle of the Donchian channel. Keep this time frame in mind! 1W candles are better for long term investors looking for entries than day trades.

B-17 Updated 

Market has been flush with sellers over the weekend, many pointing to fundamentals/news about POTUS tweet, Jay Powell testimony, or news about Venezuela or Iran holding Bitcoin at the sovereign level. Most of this is noise, not signal. The future of Bitcoin remains highly speculative, and volatility should continue as a result of that uncertainty. Chart shows...

B-17 Updated 

$BTC is trading around the middle of the Donchian channel, currently acting as support. I expect a retest of the top of the channel, around $13,800 in the coming weeks. Long $Bitcoin

B-17

Some technical traders and momentum traders are turning bearish on $BTC. I would encourage longs and shorts to examine the monthly charts and map out if their hypotheses look as dramatic or meaningful. Today's action looks like a classic middle channel retracement following a move above or below the middle of the channel. retaking the middle of the channel will...