christianmartin4746

christianmartin4746

I am an options trader not crypto… BTC has been falling since I last made an analysis. On the weekly chart, the price is in a support level; however, it does not look bullish until it reached 19.8k if the price breaks that’s support I would expect BTC to continue to drop. If you’re long term bullish then that blue level is where I would buy long term.

christianmartin4746

NFLX has been falling since hitting $700 and it does not seem like it will find its footing anytime soon. bearish momentum is continuing on the daily chart but there is some bullish momentum on the hour and 15 minute chart. the price broke a support level on the daily chart but found a key support level on the hour chart. after so many red days there is likely to...

christianmartin4746

since BTC grew in popularity it has not been able to sustain constant growth in value. with the growing amount of companies mining bitcoin, increasing the supply, the value of the coins will eventually correct itself. there is an obvious neckline 29k, the value will likely rally and maybe create a fake breakout but once the price re-enters that sell zone bitcoin...

christianmartin4746

On the daily chart the QQQ formed a double top at the top of a channel. The QQQ attempted to breakout of that channel, and rising wedge, but it was a fake breakout. QQQ is likely to retest the bottom of the wedge by the middle of this week, and make a reversal. It does not seem as though the QQQ will continue to fall as thanksgiving is usually a bullish time. The...

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Despite positive earnings ROKU stock price suffered. With a recent rejection at the top of the channel ROKU could use the bottom of the channel as support. $271 is an important support level, a price bounce off the support level would act as a potential entry. ROKU is just above 30 on the RSI. Indicators shows a slowing in the bearish momentum yet it is not...

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November 12th FB reached the top of its channel and created a price rejection. It started to create a double top on the hourly and minute charts. FB created a small gap on its way up and it will looking to fill.

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SQ has fallen to a to a support a level and looks to reverse. It is currently in a squeeze and may be looking for a big move soon. Breakout: $240 Price Target: $253 Price Target $260 Stay on the look out for a potential double bottom

christianmartin4746

COST started trading in an up channel and has been using the purple trend line as resistance. It formed a double bottom and reached an ATH. With indicators in the overbought and bearish momentum COST might be looking for support at the 50 EMA. Previous support levels will act as price targets but COST could very well fall straight to support. On the daily chart...

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NFLX is in a strong uptrend after trying to fall through the channel, it went up to resistance the end of the day November 12th and slight rejection. NFLX could be looking to go up to the top of channel but shorter timeframes show there might need to be a support level it needs to hit first. NFLX broke its uptrend line (one hour chart) and the indicators show...

christianmartin4746

The market is fixed, a trader purchased 50 million dollar in option contracts on the SPY reaching $500 by December and it looks like the SPY will reach that goal. SPY broke the uptrend Wednesday and is looking for support around $458. November 18th keeps showing up on my charts, that could be a big buy up day. I will be watching.

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FB filled the gap and now there is going to be a break either up or down. FB is bearish, after it initially filled the gap momentum has slowed, even as the price tried to go up midday. Break: $334 Price Target: $328 Price Target: $326 Break: $336 Price Target: $343 Price Target: $351

christianmartin4746

NFLX price has been falling since November 4th and it may not be over. NFLX found support at the bottom of the channel but it may not hold. The minute charts shows a hidden divergence, so it will likely retest the $645 support. The hour charts shows that $634 could be a potential support level. Does not seem likely but if there is a breakthrough $645 Entry:...

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October 28 FB bounced perfectly off of a support level and had a major uptrend. Will be looking to take profits at $321 and waiting for next move. RSI has not been able to get over 50 since mid September, so a push pass the median trend line would indicate that the gap may be getting filled. With where the Slow Stochastic is I would not be surprised to see a gap...

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Hourly Chart: On the one hour chart, NFLX has some bullish momentum (Slow Stochastic) but the RSI and STOCHASTIC shows that a trend reversal is coming; the other hourly charts show a similar signaling. Daily Chart: NFLX is bearish on the daily chart, Slow Stochastic and MACD shows a bearish trend is in the making while RSI is going up. the day is not over and...

christianmartin4746

COST attempted to break through resistance post FEDS conference but was rejected. Indicators still show bearish momentum. A price drop to $498, reversal, and a rejection at $502 would serve as a entry point for puts. Price Target One: $496.70 Price Target Two: $492.21

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Been expecting CRM to fall for a week or so yet the price continued to slowly rise, but it seems as though the time has come. CRM has created a bearish divergence at an all time high and it may get ugly. CRM created a six dollar gap on this previous uptrend - look for CRM to fill that gap. Aggressive Entry: $294.84 (look for rejection on a retest) Conservative...

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SNOW has been on a constant uptrend with average volume but momentum indicators are been moving in above average range. SNOW had a rejection at the 3.618 resistance. With the stock being overbought it looks to be due for a drop soon. SNOW will likely fall this week, sooner rather than later; SNOW could likely retest the top of the trend line early in the session....

christianmartin4746

The SPY is overdue for a correction yet it has been consolidating ahead of the FEDS press conference November 3rd. SPY has not been able to get passed the 1.618 fibonacci so I will be looking to see how it trends tomorrow, I will be looking for a rejection at either the the 1.618 or the top of the trend channel