badbeatnuts

badbeatnuts

WB's loser stock is performing this year. Hell, it even broke a downtrend by making a HH. It is resting at support atm with MA below it. With restaurants and businesses starting to open, their sales should also increase in that segment. The home segment is also buying more than before so there should be a good case for a profitable Q. I would start building...

badbeatnuts

Bullish RSI divergence, sitting on support, more waves up to complete pattern. Upon breakout of red resistance, another free zone awaits. Should go up very soon. Upon break of support, previous lows await.

badbeatnuts

Top of channel not reached, pullback to mid range, some sideways movement and then up, it is making crazy moves so hopefully it continues with rest of market.

badbeatnuts

Cool coincidence of impulse waves from a while back and per the current impulse up and correction.

badbeatnuts

So SPX500 is on steroids due to tech but tech is not the overall economy and can't carry everyone through this massive shock. The gap is broadening and the top 10 companies are gaining much ground ahead of everyone else so it is kinda like betting on a healthy horse vs 3-legged competitors, stoned competitors. This might continue for a while with nasdaq100 going...

badbeatnuts Updated 

I've been monitoring Dash the past weeks and I see a huge potential, especially as it seems a bit left off from the rest of the alt rally that we have been witnessing. The diagram shows a very weird progression since the last impulse and I've been pondering where the fuck to place the abc correction so there are 2 possibilities in the short term: 1. Either we...

badbeatnuts Updated 

We should be nearing the end of the downwards and continuing upwards trend. Here is a previous call before the drop: The daily chart is a bit troubling - moving below the MA and also moving below the neckline of that visible M. If it closes below today, seeing it is Friday, we should see a further correction perhaps even a trend reversal for some time. Tech...

badbeatnuts Updated 

Ok, ok, ok, "this is like the tech bubble in 2001", "tech bubble, tech bubble", "overvaluations" , etc. I get it, I personally would be cautious to take the ride further up, some people might say, ride the wave with the fed, with the bubble and that's cool but do it with very very smart SL positions as it can come crashing down fast as fuck. Now, Elliot wave...

badbeatnuts

Very explosive impulse up, ran into resistances but needs to cool down prior moving up as we spot a 4hr strong divergence on RSI. Quick short for correction to 0.618 at least but keep in mind move up in BTC will bring confidence in alts and it will continue running up.

badbeatnuts Updated 

Nearing a very interesting point that will decide the next few weeks. A drop from the clusterfuck zone would trigger a fibonacci retracement to lows, potentially even completing a large C wave to 2800s. It seems a lot of people see this, even want it so I would cautious betting too much on this obvious potential move. Indicators support this however as RSI is...

badbeatnuts

One of the big four is again similar in 2008 facing uncertainty. Last time the Fed asked them if they see a dark future in its capability to withstand the crisis. Now again, WFC is at some risk but is it really? Ok, slashing 50% of the dividend may sound discouraging and you can see it from the price movements. Nevertheless, the risk this time is not comparable...

badbeatnuts

I would like to see it break from the descending channel and test higher fib levels. There is a chance of a large move down based on impulse / correction waves. For now, the whole market is trending up and BTC stagnating around its level/ going up would bring more confidence in alts. XLM exploded nicely and knowing XRP is its big brother, we could expect a move...

badbeatnuts

An instrument with short history so no real expectations here beyond movement in a channel in the foreseeble future. Reasons to go long: 1. Broke descending trendline 2. Still within lower range of channel. 3. Daily broke MA and is above, needs to hold though. 3. Wave theory suggests completed abc correction and new impulse up. 4. Alt season began?

badbeatnuts Updated 

It is only missing volume and you should be wary of BTC dump taking it down with it. BTC dump will depend on SPX dump which depends on employment data today. If data is good, BTC should have room to go to around 9.4-9.5k but it would probably top there due to a confluence of resistance. It could go down to 8.6k before renewing but let's not rely on the crystal...

badbeatnuts

So it broke the recent trendline but bounced back and made a HH since futures trading opened after the weekend - a move similar to the past 3 months where we saw regular non-trading sessions move up effortlessly. Will have to see if it melts up further from here before formal session starts but that would depend on EU session. The new HH has been made with...

badbeatnuts

Utilities sector are a big bore but seems it is doing a continuation pattern after a hefty pullback. I would place a long for the funz here, especially on ex-dividend date where price drops. I would be wary of SPX rally exhausting but if the employment data surprises positively then it can go similar to last month's rally before pullback.

badbeatnuts Updated 

Hi, In favor of long setup due to several signals even though due to market unpredictability (mainly BTC/USD reacting to stock market/ oil prices / covid cases etc. which are all further interrelated with one another): 1. Visible bullish divergence on RSI, one that spans across a long period on the daily chart 2. At the lower support line of a Falling Bullish...

badbeatnuts Updated 

Couple of bearish indicators on the ETC/BTC signalling a short-term short? 1. Bearish div with RSI and Stoch RSI 2. RSIs are overbought 3. Ascending wedge 4. Low volume on last candle I would place a short here with stop loss at above 141k sats. Last exit would be 110k sats for me.