hanzhao311

hanzhao311

let's see if this support means anything first.

hanzhao311

Notice that BCHUSD is actually showing a top pattern on the 5 Day chart, even though it could go even much higher from here. But people are taking profit mainly based on the 5 Day peaking at this point. 33$, lets see if it holds and bounces first.

hanzhao311

Breaking down on the NQ1 and the FNGU. SHould have a neckline retest but don't know when. But for now the trend is to the bear side.

hanzhao311

Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.

hanzhao311

Some key indicators are pointing to a possible short term bottom here for both CRSP and EDIT. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.

hanzhao311

The market is still giving conflicting signals about the tech sectors. Even though many individual stock got cut in half already from the high, the XLK and QQQ are still holding up relatively well. When will we see the big down move or are we going to see it at all is even one's guess. OBV (on the 3 day chart) and CMF on the daily (and 3 days, etc.) are still...

hanzhao311

Toyota is betting big on new energy autos including their investment in TSLA as well as their own Hydro cars. TM's SUV is undisputed king in Chinese market and they pay twice as much for them as what we do in the US. If you are big on new energy cars you really can't miss Toyota. Disclaimer, this is only for entertainment and education purposes and...

hanzhao311

As illustrated on the chart...there is a bullish divergence between price and StocRSI. However the price is below 200 EMA..aggressive traders might want to initiate a position at this point.. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long...

hanzhao311

On Feb 3rd, I published an idea about GME hidden divergence when the price was around $50. That was on the 8 hour time. Now on the 2 hour time frame there is another hidden divergence formed. This again is an indication of trend continuation. ( that is , to the upside....) We will probably fill the GAP around $200 area soon given the 2 hour time frame being the...

hanzhao311 Updated 

On the 8 hour chart StocRSI hidden divergence. also at 200 hullma. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.

hanzhao311

At this point of time if you are freaking out about the perspectives of the market you should get some insurance for your portfolio by getting some UVXY shares. Not financial advice though. just an idea. Good luck investing and trading! Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell...

hanzhao311

This is to illustrate what the last post discussed about the MO divergence.... Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.

hanzhao311

Don't need to say anything about this week for the NASDAQ -- damage has been done. But look at the McClellan Oscillator for the NAS it broke down tp -70 area and is making a lower low. This does resemble last year's same time frame. Also, this time the MO is making a lower low than the Sept and Nov 2020 dip of the indicator. Technically it is a bearish...

hanzhao311

don't know what you see but I see a bearish pin bar at the resistance. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.

hanzhao311 Updated 

in our previous post we discussed possible target if ETH retreats. It has now touched the ~1440 area and now lots of buyers are coming in. watch for the action following the possible 8 hour PIN bar. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term...

hanzhao311

For those who got in below 10$ congrats! The long term trend line (log scale) shows that should the ETH bullish momentum holds up the near term price target should be around 28.5$ - 30$ (overshooting). Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long...

hanzhao311

Look at the recent 3 $100 +/- drops for the metal. What the market tells us is that each time after these kinds of painful swing the market will follow up with sharp positive correction to the upside. For now the trend is still up with the 200 EMA below the priceline, I would rather be a believer that history should repeat itself. Disclaimer, this is only...

hanzhao311

chop index and ADX line point to a much higher price from here. trade patiently. $SHIP might be worth a try as well. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.