META/FB is a terrible company. Their attempt to invent the metavese has failed hugely thus far. Their cash reserves are low, their public perception is poor. META has shown an inability to innovate in the social media space. For these reasons I'm opening a long term bearish position on META. Bought to Open: Jan-17-2025 $60 P @ 8.40.
Check out these lines on the SPY 1D chart TLDR: Lines Weird place for us to be for SPY in general. bull trap or trend change?
Crypto is down at large. A 40% increase for ETH from the 1100$ mark was quick and has held, indicating strength. When will the world be ready for web 3.0?
ETH and crypto as a whole are in a testing period. Lower lows and muted highs have left ETH holders wishing for more. The price action has been dismal for anyone who’s entered within the last 2 months. Is it time for a reversal? or further downward movement. Bulls should take this opportunity to DCA into a position, while bears should stay far away from crypto as...
ETH and the crypto market at large have taken a sizable downturn. This comes after a small ETH rebound rally off of the ~2300~ support level. While the situation in Ukraine continues to develop, signs of fear are showing in investment markets around the world. While I usually only write about ETH, ADA has also caught my eye. The 0.80 level was broken , and...
ETH is currently establishing these levels. The price action has been quick and on shaky ground. We could quickly see this to the moon or straight into a crypto winter. I think it’s unlikely the price will stay here based on the volatility
Breaking above new resistance and gaining momentum, is this a reversal?
ETH has broken its levels. It’s hovering above, but has downward motion. Critical moments now while it tries to maintain above the resistance
ETH is testing a short term resistance at 2542. After being rejected here a few times before, a breakthrough here could drive upward movement. Conversely, being rejected again could easily send us to a much lower resistance to continue our downward trend. Bears and Bulls tell me what you think
ETH’s short term regression shows it at a critical support. Possible to have downward action between 3100 and 3000. Bellow that only crypto winter awaits. If bullish on ETH, good time to buy short term gains.
With ETH in a downward spiral, all we can do is wait for it to have price action - or establish a mew triangle
ETH during the month of Aug 2021 showed some sideways/ slight upward action. During this more narrow trading period, ETH created several levels. We are now back in that range, and testing those levels. Expect dramatic price action after a period of consolidation. Upward action would retest resistance unknown, while downward action to strong supports of 2735 and 1725.
ETH has taken a hit and is currently at my lower trend line. A reversal could happen here and would a good time to entry if you are bullish. Otherwise bears should look to the 2735 level
ETH is within 20 USD of my support of 3705. We could quickly be at support I and II Buckle up.
Starbucks is and will continue to suffer amid economic and employment issues. Several of their locations are observing reduced hours, and the ones who are not are seeing less traffic. This is a result of their customers tightening their budget. Starbucks usually has a good holiday presence but this year these factors have shown weakness. After testing 117 twice...
knowyourmeme.com Things are going poorly it may seem, but this is fine. Merry Xmas happy holidays $ETH $ADA $BTC
The date is 2021-12-17 18:30 UTC. ETH is struggling to keep the 4000 level, and is close to completing a descending triangle. While there is still a chance to continue the general uptrend we may see downward action to support levels of 3702, 2735, and possibly 1725. The huge runup we had over the last 16 months has had a huge range. In that time there have been...