rarebreed29

06:56

rarebreed29

I still say we are on track to hit $1400-$1600 ranges for a liquidity grab as well as to resolve a short-term oversold metric. However, unless we get a major change in narratives and or global economics, we are STILL in a Bear Market and a down trend. I'm still expecting more downside going into the end of the year/next year as they finally get the U.S. absorbed...

07:46

rarebreed29

Lest talk about mistakes made on higher time frames vs lower time frames and the realities that higher time frames show vs the traps that can easily be laid and or missed on lower time frames. When trading Bitcoin and Ethereum and other crypto, remember they are still correlated for now with the stocks especially the tech sectors and they move very in sync with...

08:13

rarebreed29

So, we lost our 1st Hopeful level of support, we will continue to follow this and update the moves as they happen. Seems the jobs reports etc. from the Fed this morning that released at 5:30 a.m. Eastern came in still hotter than expected and not enough to give us any relief. Looking forward to next week we have CPI data coming out which will have an even bigger...

05:40

rarebreed29

Looks like we might be able to hold the line in the markets at this last weeks test of the lows, i.e. about 3700 on the spx and in that $19.5k range of the Bitcoin. Ethereum looks to be holding the range at $1325. We wont really have direction until the markets fully open and we see what the big boys and major algorithm trading bots do with the bigger cash flows....

rarebreed29

Well i know that many are looking to sound the alarms for the next BULL to begin and already calling this the bottom. I've looked over BOTH sides of this idea. IMO i think that the few things looking positive are just enough to finish this play out and get us back up into the $1400-$1500 ranges, maybe even a spike over $1500. However, i do not think the...

rarebreed29

Sorry for the 2 charts attached and not properly labeled and or separated. Heres the single chart i meant to send. My apologies.

rarebreed29

For the most part things are going about as close to plan as you can hope for in markets like this. I have not updated nor touched/moved lines etc. We are still looking to be flowing as expected and previously shown. I'll make changes to chart when needed. Invalidation has yet to happen.

rarebreed29

Im staying with the general idea listed above until further notice, my only real variations have been buying some calls on the dips the last few days. Most with dates in 2023. I'll post new charts and or updates when really needed. This is STILL in play.

rarebreed29

Stick with a plan. Thats the BIGGEST key to trading IMO. We (myself as well) as humans are far to easy to get caught up in emotional views on trading. Often instead of sticking with the plan we let things like FEAR and GREED, DICTATE the outcome. ONLY YOU can HELP you make that change. Also this was the SAFETY route when given. Things change quickly. By...

rarebreed29

It looks like my SAFE version of the play to 3700 DID come to work out quite well and anyone who went with that theory is UP and SAFELY OUT. For anyone looking to push their luck further. It looks like we might be turning 3700 into support for the moment and with current momentum we could try and breakout and fill the void marked with the yellow star. up around...

rarebreed29

1st chart was a a bit vague for some people so i wanted to help clear up any miss understandings and make things much more clear. Trying to be helpful can come with its own learning curve. I hope this chart helps better explain the verbage its attached to with the one prior. Happy to help .

rarebreed29

It seems likely we fill the gap above Before the one below. Once we get Both of these gaps filled, we will then have a BIG decision ahead of us. Most likely more Drama to come sooner than later but i could be wrong. Either way even if we claim 3800 back on the big boy and turn it into Temporary support again. I still see a bigger drop coming at some point to...

rarebreed29

If we can get into the range this week I myself will be laddering OUT of my positions, Hopefully mostly in profits, lol ... I still think there is more DOWN to come and will be looking to clear some trades back into capitol, dry powder, Fiat etc. IF your not actively trading these positions. Now IMO is a really good time to begin DCAing for LONGER holds and...

rarebreed29

Daily has been moving along exactly as i thought . I'll get you a better update as things progress . for now the plan stays the same...

rarebreed29

With the Sad close to the markets and continued drama globally still coming in droves. It looks like We maybe get to see buying at $1250 before selling at $1450 ... If this follows out this way you'll want to be READY with Some capital for later plays.

rarebreed29

IMO it really looks like we might catch a BRIEF bounce here. I'd be looking for it to run back up into the 3700-3750 ranges before finding real issues with R. I then expect to see us lose the current support and drop to 3575. Where I'll be trying to gauge market sentiment at that time and wondering if it will hold or if we are just at a pit stop before 3400 ...

rarebreed29

If we lose this 360 range, I sadly dont see much more then psychological help coming at 350. Your 1st real hope is at 340,after that your back to hoping the psych steps in at 325. If not then 300 is the next real level. Tech will fall like crypto all over again. IF this happens, This IS your bottom. IMO ... That will be the start of true generational changes...

rarebreed29

If you lose the support and bottom made today during the sell-off. Then i see no real help maybe just a pit stop at 150 ranges before ending up in the 140's. HOWEVER, it looks like support has held and we should be getting close to seller's exhaustion. I'm looking for a bounce back towards 175 range but not to exceeed 190 before running into overhead R.