mandelsc

mandelsc Updated 

CRYPTOCAP:ETH is at an inflection point. The next move will be a big one. To the upside we are looking at $4,320, and to the downside $2,430 and $1,600 area. We're looking at the Weekly chart here, so this is likely a move that plays out over a longer period of time, not all at once. On the chart you'll see: Channels: Upward channels(green), Downward(red)....

mandelsc

If history has taught me anything it is this... "They'll make the chart look as bullish as possible before the rug" And when I look at this chart, my immediate reaction is bullish. But upon closer inspection I see some warning signs. 1.) $85.9 seems to be incredibly important. More importantly, we are below, and failing yet another retest of it. 2.) I have...

mandelsc

Nearly nailed the bottom for GME here, and now expecting a move to $40-$41, where we will be waiting to fill a bag of shorts. Nothing fancy here, even the Roaring Kitty noise we are still moving level to level. Adding to longs here.

mandelsc

People have to hate this market. It rewards patience, and punishes chasing. Here are my new levels for $GME. If you missed the previous calls, we absolutely nailed it. Stay patient.

mandelsc

Similar to my previously posted chart on SOLUSD, SOLBTC is showing similar weakness, and may have already broken support. Typically you can see big moves in alts first in there BTC pair charts. And this is further support that something is brewing in risk assets. Perhaps only crypto? But more likely something bigger.

mandelsc

Excuse the overload of channels here, but I find them helpful when evaluating the potential bottoms of bigger moves. Here we see downward and upward channels supporting SOL. But even so it looks weak, and historically ends in a move lower. With that said, we need to break supports, which will happen in a gentle move through it, following by acceptance a big sell...

mandelsc

NASDAQ:TSLA like many other stocks feel a bit stuck in the mud right now. Key levels I am looking at are $209, a sweep of the highs, grab the liquidity and head eventually towards $81.4. I don't like the $120, but it's there, and should be respected for the time. But given the structure of the chart, I wouldn't feel comfortable longing with size there.

mandelsc

I try not to trade my personal biases, but I think NASDAQ:MSFT is well positioned for the future. That being said $337 keeps calling my name. I don't know if we ever get a chance to buy them, but I love that level. That being said if we ever see that level, it will likely have been caused a bigger macro event. Flat here, but alerts are on.

mandelsc

I am not a big fan of using trendline or channels for trading decisions. My strategy is in volume profiles & support/resistance. But looking at BTC there isn't much happening as we sit in no mans land. I'd be interested in longing at 53.7k, and potentially firing a short at 75-77k, but with smaller size given there is no data at those levels.

mandelsc

Nothing fancy here, my interest levels are clearly marked. Trying to avoid the noise in between.

mandelsc

Currently BTC is battling 2 over arching bull and bear channels. After failing to break out of the top of the bull channel (green), we're retracing, will we retest the bottom of the bear channel? We shall see fairly soon.

mandelsc

ETH has broken below it's median line in the channel, and I am expecting it to test the bottom of the channel. Entry: Short 211-213 Target: 192-193 (Fib level/bottom of channel support.) Stop: 215

mandelsc

-AON poised to break higher as it has broken the $185 resistance level, and the .5 fib retracement level. -RSI has broken above 50 and the has been retested. I see 2 levels of interest 195 and 208.

mandelsc

Entry 7700 Target 7350-7450. SL 7750 Risk reward: 3.5

mandelsc

Equities have leading, BTC following. And we are seeing some weak in S&P, which will likely spill over to BTC. Expecting violent move downward. Entry, 7100-7200 Target 5300-5400 Stop 7400

mandelsc

Currently BTC is following the broader equities market. With equities starting to show signs of a top, BTC has unsurprising also started to show signs of reversing. Looking to short 7.2k, with a target of 5.3k. Invalidation occurs at 7.4. Target 5.3k Duration - 2-3 weeks

mandelsc

Bearish divergences present at HTF resistance. Short the end of next move upward or a break down of 6600

mandelsc

The TRX bounce seems to have run out of steam and is preparing for a very strong test of lower levels. Green = take profit.