afurs1

afurs1

The inverse Bitcoin ETF for short side trades seems to be forming a bearish gartley pattern. In this pattern, we would see a move upward, before a correction back down. For me, this could be a signal of a coming 20% drop on BTC before initiating the bull rally.

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I have been following the Bitcoin price action locally quite often, and would like to strategize a plan based on the current price action on the charts. At the moment, I believe we will likely move up to approx $60k to test the Value Area Low of the previous 6 month range. I do believe we will see seller's step in at that level and bring price back down below...

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Markets have been extremely volatile this summer with the anticipation of a rate cut swiftly approaching in September. Futures markets are currently predicting a 99% probability of a cut in September. Historically, markets do not tend to crash during election years, however the combination of rate cuts, global tensions, inflation, employment, and many more...

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The miners have had an absolute face ripper rally over the last few months pending an ETF approval, which was finally received. Perhaps not as well as some may have thought. Due to popular request I have created some zones for where I believe RIOT will likely pullback to after a nice impulse move. Now RIOT is a bit different from MARA in the case that the .618...

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Solana has become one of the foremost traded, and discussed alt coin seemingly surpassing the expectations of ethereum. With a solid network, and strong fundamentals, we could see Solana as being one of the most reliable top performers for the next bull-run. Currently, I do have one monthly un-tapped level of liquidity sitting at approx $96. This lines up...

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nVidia has become an extremely popular stock amongst market participants, and has a large potential to revolutionize the world through their AI technologies and computer processing chip sales, amongst other benefits. However, going into this uncertain time pre-election, there is potential for volatility to be present in markets before moving to higher levels....

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I don't generally track patterns such as butterfly's but this one seemed to standout to me, with the coordinates matching up quite well with our fibonacci levels. Although a bit extreme, the butterfly is showing us a potential upside of 15-20% before reversing it all back down. This will be something for me to keep in mind moving into the rate cuts, a...

afurs1

nVidia has become an extremely popular stock amongst market participants, and has a large potential to revolutionize the world through their AI technologies and computer processing chip sales, amongst other benefits. However, going into this uncertain time pre-election, there is potential for volatility to be present in markets before moving to higher levels....

afurs1 Updated 

Markets have been on a tear to the downside in the recent weeks after hitting all time highs with a recent sharp pullback on Japan currency news, highlighting the sensitivity in the market today. After a clear trend has been identified to the downside, the market is leaving some clues behind on where we may see pivot points through the supply / demand zones. I...

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Tesla has been respecting the upward trend on the Weekly time frame quite well. The recent price action seems to show resistance at the CC golden fib, forming a symmetrical triangle consolidation trend. We may see a move of 25% further down into a critical long term buy zone.

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My previous trade idea on MARA followed the accumulation of the lows below $10 when this stock was totally undervalued. I was buying to sell into the ETF news, which lined up perfectly with my BTC prediction approaching 48-50k. That trade resulted in a profit of 300% and our next opportunity is likely approaching as the Bitcoin Halving will occur in April. Ive...

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Microstrategy has been the foremost Bitcoin related stock outside of the miners or ETFs. Ive noticed that MSTR tends to be significantly better correlated than some of the other BTC related plays, however you must be careful as it acts as a leverage play as BTC moves. You will generally see MSTR move 2x - 3x the percentage move of Bitcoin. Looking through the...

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Bitcoin has been recently struggling after breaking through several crucial support zones. There is a single make it / break it zone I will be watching on the related BITX ETF which results in the overall CC golden pocket from the low of the move to the high pivot. A rejection here may increase probabilities of a further downside drop. A reclaim of the level...

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With the Bitcoin ETF's becoming a reality, there are many new crypto related assets such as BITX provide you exposure to 2x leverage to Bitcoin. This provides traders with opportunities to scale their position, without the risk of liquidation. Ive been waiting for the market to retrace, and perhaps this drop on BTC touching GETTEX:59K , with big news ahead for...

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Donald Trump has been the center of media attention over the few days after his attempted assassination. The stock has also been trending in a range for the last year between the Value Areas on my chart. Recently, there has been a large interest for trump support monetarily which may lead supporters into purchasing the DJT stock as a sign of support for the...

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Several major tech names are starting to show me confluence and trend patterns that may be signalling a bearish outlook going into the start of 2024. Firstly, our Fibonacci levels are proving the golden pocket at the 0.618 to be a resistance zone several times for Tesla. We are seeing a push back towards this zone with the formation of a bearish wedge that is...

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Bitcoin has had been chopping / consolidating in a large range between 71k and 58k over the last several weeks. One thing that has stood out to me , is the failure to break the very first initial high set closer to $73k. It seems like BTC is continually making some lower highs as it fails to break into the ATH territory. To me, it may be a signal that the...

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The recent low levels of liquidity may become more prevalent moving into the summer time as vacation time for many nears. I am also waiting to hear the decision from the Bank Of Canada as well as other major banks around the world about the start of quantitative easing and lowering interest rates as soon as June. The only problem with this, is the increasing...