BonoboJoJo

BonoboJoJo

Perhaps it seems obvious, that COIN stock price would have a strong correlation with bitcoin price, but this theory has now been proven, that at least for now it is clear based on the charts. So what is the move then? I will wait to buy into COIN, for when the next crypto major crash occurs. Having been trading in crypto since late 2014 let me make something...

BonoboJoJo

Any reasonable bad news will bring us very quickly to retest 4K. Good spot to buy depending on nature of new/market at that time Stop loss: 4310 TP: depend on market conditions/news GL! (this is not trading advice!)

BonoboJoJo

Executed last trade successfully (see related idea). No GME trades open, waiting for parabolic intersection (decision point), and directional confirmation to open new trade My bias is still short.

BonoboJoJo Updated 

Really not much to say, after a huge short squeeze/gamma squeeze in all likelihood we are entering the parabolic decline phase I have opened a small naked short with stop at 210. Trade with caution, this is not treating advice, etc. Good luck!

BonoboJoJo

SPAC’s have been taking an absolute beating as the market has been swinging around the past few weeks STPK has seen a 50% decline in its price from the peak just a few weeks ago, blowing past almost every conceivable support, including a strong area of consolidation at $34 a share Today we have approach what I believe is the bottom of this downward pressure....

BonoboJoJo Updated 

Not much to say, nice inverted head and shoulders, enjoy!

BonoboJoJo Updated 

Just as the title says, the market is feeling toppy here (the past 3 daily closes looking a bit like 3 black crows). We are coming into some serious psychological resistance around 4000 let's take advantage of some of this volatility! Depending on how futures play out tonight, I will very likely open some 0dte puts tomorrow (Note that if you were in the money on...

BonoboJoJo

Seeing a massive amount of trying to read the tea leaves, but it’s really all horseshit. Keep it simple! Trade on confirmation of a break out from this triangle. If it breaks up word, we will see how strong of a magnet the top resistance of the megaphone is, if it breaks under we are officially bearish for the short term

BonoboJoJo

The price movement seems to be going as expected (see related ideas), And we hit on a good short opportunity. By now it would be good to be taking some profits from that short And selling off the position in my opinion, and wait for a long opportunity at the point that the RSI touches the bottom of this symmetrical triangle forming on the weekly timeframe for...

BonoboJoJo

Check out the symmetrical triangle that has been formed on the weekly timeframe. My opinion there is good potential for swing trading as rsi comes into contact with support/resistance, and then playing for a possible break out either up or down when the support or resistance on the RSI symmetrical triangle is broken

BonoboJoJo

Tesla coming into contact with weekly RSI resistance trend line. Watch for decision point. Still working very bullish on the monthly chart, however bearish on the weekly and daily

BonoboJoJo

On the daily, bitcoin tends to retrace and let off some steam when it touches and RSI of 84 (84.3 to be more exact). I will go short with tight stop if we see this event occur

BonoboJoJo

Price is forming a symmetrical triangle. Expecting there to be a break up or down in the next few hours, I am guessing a break upward and possible retest of all time high

BonoboJoJo

Interesting view on the monthly. EURUSD touching 10+ year resistance

BonoboJoJo

Over the past month, we have seen a divergent RSI when compared to upward price. However last night this pattern was broken, and a great deal of volatility took place at this event. I thought before this occurred that we could have easily had a strong rejection off of this, but that is not what happened, instead it looks like we now have room to go higher

BonoboJoJo

Very simple, pretty likely way this plays out. Close to 8 year trade channel is going to reign supreme. Any fall below that multi-year trend likely caused by only some unforeseen catalyst Positions: SPY 315P Exp Jan2020

BonoboJoJo

There was a few failed attempts to come back into the pink trend line, but they were shrugged off pretty quickly. Current strong support at 2730- strong break below would be extremely bearish, and then look out for next psych support at 2700, then 2650. We will have an answer by the time one of the white lines is broken as to the rate of decline. Any move back...

BonoboJoJo

Watch for strong retrace to pink medium term trend break through 2750 means big gap down