BengalTigger

BengalTigger

SOL has had a pretty spectacular run since breaking out from that 42 area. It appears to be consolidating here and it is possible that we could get a push up to 240 and perhaps 280. I do believe we are in for a pretty decent PB. Perhaps 110 may once again be the floor but ideally the 48 to 62 area is what I am anticipating if we get a deeper PB.

BengalTigger Updated 

NO change in the big picture. BTC did run up a bit too fact for my liking but I guess that is par for the course! Perhaps we get a push up to around 63K or so but I am expecting a PB to the shaded rectangle down to about the 53.5K area. (Kinda retest of the break out). IF that materializes I anticipate the next target to be the 74K area.

BengalTigger

Well, I guess 47 was a very conservative estimate. We blew past and almost tagged the 4600 mark. For now, the VST I would be watching the 4550 level and if that breaks then the 4470 area but there is more support down at the 4435 area. I have marked what suggests an IHS playing out and if that is the case, then the 4660 area seems like the next big area. We...

BengalTigger

ES huffed and puffed this week. I will admit I anticipated higher right out the gates this week and felt that the 20 area would be touched after. Does not matter what I think. AT the end of the day no damage done and I believe there has been a great structure created that is likely to propel us higher. MY expectation is for the 4440 area above but we might get...

BengalTigger Updated 

Yesterdays support held and we got way more than we bargained for. My expectation was the 87 area, but we hit 22 this morning. Interesting that we cam right back to the channel break out at the close. The previous occasion we broke out, it was a false break. For now, support is right here at the 85 area and then significant support around the 55 area. Above, I...

BengalTigger

What a day!. This is the third time that ES has come back down to near Friday's levels, and each subsequent effort was a higher low. I am not reading too much into this as Friday will, in my opinion, be the reveal. For now, if the 38 area holds, I think the 4387 area is likely.

BengalTigger

4 hr looks very bullish. Cannot rule a out a small PB before an attempt higher

BengalTigger Updated 

I would be watching the 52K and 58K area for rejection here. IF 46K or so does not hold on the PB then we could see 40K before there is a move to break out (IF, that is where it is headed). For now, up is the likely path but given the renewed focus on Crypto by the regulators, any negative news can cause pretty heavy whipsaw, IMO.

BengalTigger

We came close to the Friday lows at 50 area. This area is critical as it acted as resistance May/Jun and then support July and Friday. This week is going to be a bit tough and we may very well puke some more. For now though as long as the 50 holds, above is the 15 area and if that is overcome then the 38-40. Above that is 62 but that is getting ahead, given the...

BengalTigger Updated 

BTC is looking good, but I fear that we are likely to see a potential quick push down to the 44500 area or so before we break out. Target is 74 or so but I fear that the 53K area will likely prove a bit to get above on the first try.

BengalTigger

Looks like a successful retest of the triangle break out. Of course the outcome will be dictated by what transpires at the court, but as things stand, no news is good news! Seems to be climbing the wall of worry and that 1.80 - 2.35 target looks doable. If there is a tailwind, then $3 is a likely target IMO. Don't want to get ahead of myslef.

BengalTigger

Very well structured triangle forming. A break of the down ward trend line would likely target the .0192 area first. A break of that and a successful retest should head to .025 and then .033

BengalTigger

After basing for a while and maintaining its trend line, EGLD has broken out today from the triangle. Lets see 260 and 300 first but if that breaks then 355 is quite likely. My target (No time frame) for this move , all caveats included is thee $450 mark.

BengalTigger

If VET continues, appears headed to .45C at least. Pretty nice Cup and Handle. But as we know, with Crypto, anything is possible.

BengalTigger

I last wrote almost 3 weeks back. what I felt was a likely a short term PB turned out to be a nose bleed squeeze, short of the the aug 18th sell of that was bought. I guess my bias played into my call and I was horribly wrong!. Anyways, we are much higher, 3550 who would thunk!. For now, I will be watching the 325-30 area to see if this has immediate legs to go...

BengalTigger

In my last post I had warranted caution with the caveat that it is possible for ES to still head higher, and it did! From my perspective, the price action has been exceedingly heavy and it seems like the proverbial "hand of god" has been guiding the market. Even today, till it broke any take down attempt

BengalTigger

Now , now no alarm bells as yet but caution is still warranted. As I write. ES almost, but not quite closed the gap from that fateful Feb break . Over the past week or so I have alluded to the fact that ES felt heavy and that I just did not feel the mojo. It felt like moving a ton of bricks. I still maintain that and it is possible that we may go up some more, but...

BengalTigger

We hit all targets mentioned previously. One step closer to the gap, do we fill this in this attempt? Likely, but given today's action it just feels heavy. I kinda missed the long in expectation of the 71/73 area and just did not feel the mojo so stayed out. Given the current configuration and the market still holding the 83 area, it seems likely we get to the...