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...
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.
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...
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...
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...
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...
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...
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...
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...
Bitcoin has been consolidating and trading sideways for the last few months creating a fixed value range between approx $71k and $63k with a range POC around $67,500. I am looking at 2 potential trade scenarios for the upcoming week for both bearish and bullish cases. As we are currently at a crucial level bouncing off the VAL at $63,300, I would like to see...
Continuation with my Crypto Miner stock analysis, here are some thoughts on HUT8. I was hoping this stock would react more how I would originally expect, but it did the opposite. We are in a bit of a weird spot here with this one. If you take a look at the fixed range volume profile, a questionable sign is that we entirely lost the Value Area Low, as well as...
Bitcoin has had an absolutely epic, face ripper rally over the last year and it may be time a look for a pullback in price as buying opportunities present themselves. Today I have been considering the BITI Short BTC ETF which could give us an amazing hedge if BTC sees a sharp decline. Now I do believe we reached a maximum pump at $50k, and I dont quite see the...
Bitcoin has shown some extreme strength and resiliency over the last few weeks without any sort of meaningful pullback. Today we are finally seeing this correction after breaking down from the rising wedge bearish pattern above. The market structure is still undeniably bullish on the higher time frames until the range here is broken and lost to the downside....
The markets have given us some clear direction over the last few months, albeit we are at quite high levels and I would expect a pullback at some point. There are 2 important clues here that are clearly visible on the chart. The first is a continuous strong move up as illustrated in the channel. We can clearly see the supply and demand zones flipping once...
The beginning of February is historically a strong month for stocks and indices. One thing however that I providing me some context that the market may see a correction in the near future is this massive rising wedge with bearish divergences. I wouldn't be surprised if we saw one last move to the previous high (ugly high) to grab some liquidity and make its way...
The market saw a large pullback in many recent equities this last Friday including companies like nVidia. I cant say that the chart looking bearish, we are still making some higher highs. Ive done some research to learn some shareholders are likely starting to take profits on stocks that had large rallies. But most importantly, it seems like we have some...
The markets have made an impressive rally over the last few weeks, practically setting historical records for markets in many sectors. The recent pullback is welcomed as the SPY approaches my monthly zone. Whenever I set my levels, I use the applicable time frame and mark out the major candle opens, and closes to determine my support or resistance zones. As...
I dont know much about this miner, so I cant quite speak about anything more than what im seeing on the charts. But from what I see here reminds me of MARA where it is finding some support at the upper value area of the previous range. You also have the 100 Day moving average right below, as well as the previous range point of control. This range is between...