DarkPenciI

DarkPenciI

With the halving coming up in the next couple months, I do believe we will test higher levels but ultimately fail to break ATH at 20k. I think we will stop at a weekly candle resistance around $17200 which also coincides with a 1 to 1 extension of the move from 3k to 14k from our local bottom at 6k level. The weekly MACD is about to cross bullishly and weekly RSI...

DarkPenciI

The bearish count is pretty much out the door and the stock is ready to make new highs pretty soon.

DarkPenciI

For reference

DarkPenciI

Ideally an ascending triangle pattern would be more bullish for the crypto market, but the symmetrical triangle also makes perfect sense in that the lack of interest in the market may force a much more side way movement in the market. At the same time, it would be foolish to discount the ascending triangle pattern with the halving less then 6 months to go. In...

DarkPenciI

A lot of people have turned very bearish since the correction is lasting much longer than people thought, along with a weird correction pattern that isn't very common in a wave 2 I'm turning to a longer term triangle pattern in the making. in terms of a EW from the inception of BTC we seem to be in a wave 4 and triangles are very common and an ascending triangle...

DarkPenciI

I initially thought ETH would move much faster and get to ATH sooner but after observing the Crypto market we are not ready yet. There are a lot of bullish fundamental news going unnoticed so I feel pretty confident saying the low is in for the USD pair but I fear another lower low just beneath the current low early next year. Assuming BTC is in progress of making...

DarkPenciI

Still bullish on BTC from now to end of the year. My outlook in the next 6~12 months changed to a more sideway action without breaking out of the 20k range, but a rush to at least tap the previous ATH before the halving seems logical. Seems like we are putting in a wave 2 after that huge spike 2.5 weeks ago and very close to tapping the golden pocket zone which...

DarkPenciI

I expect a high volatility for the stock. I don't see the stock going lower than $240 and it making some new highs just above our current high by EOY with a lot of side ways action for the rest of the year. Might be a good stock to play options on both sides as the price bounces up and down.

DarkPenciI

FB has been trading side ways for a while, and I only see downside for a while. Instagram is carrying much of the load for the company in growth and with them taking out likes might start moving users to different platforms. In the long term FB is still a good stock to have since it is investing a lot of its capital for the future but in the short~mid term,...

DarkPenciI

Another stock that has been beaten down. With the election coming up next year, Twitter should see growth in Ad revenue and have a high probability of beating expectations that has been lowered quite a bit. This would be a value play and assumption of a beat on earnings that is underestimated with some dead cat bounce volatility kicking in. A triple bottom around...

DarkPenciI

Not a big fan of meat alternative but the hype is real and the money is there. The euphoria of the stock has ended and the price is going back to a reasonable level. Setting up to be a good buy around $70 for a good mid term hold and a good call option buy opportunity.

DarkPenciI

Gold as a commodity seems to be in a bull run with the uncertain market with trade wars and topped out looking overall market. Assuming the stock market goes through a 1~2 month correction, it is safe to assume Gold prices will continue the uptrend and miners should give a leveraged return on the gold price. Looking to get into a end of January call option around...

DarkPenciI

Personally, I believe TSLA has a real place in our world and will stay as a relevant company. Recently they posted a profit finally, but I believe the price is too high for what the company has done so far and should see a pretty big correction until the next earnings report. Looking to get in an option trade by Friday for a put position expiring Nov 29.

DarkPenciI

Looks like we are going to test the .866 fib before the extended 3rd wave.

DarkPenciI

Seems like we have one more leg down attracted by the golden pocket of the whole move up from 3k. We may or may not get to the pocket which is in between 7k~7.2k. I believe Alts will have one more hard draw down and see new lower lows while BTC bounces in the coming weeks.

DarkPenciI

I believe we hit the low of XLM around 5 cents and ready to take off for a 4th quarter moon mission. Targets may seem ridiculous but in most cases of a Alt season prices are found commonly to do 10x of its base price and this one is a long time coming so it definitely has a good chance to hit the targets. Mid to end of Dec would be when I see the targets being hit...

DarkPenciI

It seems like AMD is within a larger correction and looking like we are in a expanding flat correction of the previous sharp move down. The way S&P and other major indices are setting up to hit new ATH, I see a nice correction to the golden pocket level around $33. I am currently in multiple Call Option trades to ride this along, but the real large trade I'm...

DarkPenciI

I believe with all the uncertainty in the market with the current politics, the market has shown great resilience and holding up well and is proving to me that we are ready for a new ATH. BUT I do see a sharp correction quickly following making the ATH. The real test will be during the correction phase and will show if we are within a larger correction or...