timhku

timhku

It appears that NVDA failed to break above the range with a double top formed in 4H time frame and is returning back into the range, RR of the trade is around 1.7, pretty decent opportunity.

timhku

No one wants to invest in China now, due to various reasons. But if we inspect the chart of the CSI300, we can see that the price is sitting at a major support here. 1. support resistance neckline 2. confluence with 618 retracement of the up move 3. potential right shoulder of a (potential) massive reverse head and shoulder 4. MACD on the daily and weekly also...

timhku

Lots of panic in the altcoin market, because some clown is trying to crack down on crypto. But if you zoom out and look at price, nothing has changed, we are in the bottom region and accumulation zone. It is normal to have sharp decline and fake outs in the accumulation zone, because "they" don't want retail to be there when the market goes up, read "wyckoff...

timhku

The chart shows various forms of previous bitcoin cycle bottoms, so far we have had double bottom, adam and eve bottom, and if we have bottomed this time around, we would have an inverted head and shoulder bottom.

timhku

Without taking into account macro situation and news, just by looking at the price structure at this moment, I think the SPX could break above the downward trend line and potentially challenge the 4300 area, which is also the 618 entrancement area of the entire down wave of the bear market. But of course this is only based on price structure, not really paying...

timhku

The last big move of BTC was when FTX collapsed, it was essentially a blackswan event because of how big FTX is. But since then, volatility in BTC price has been extremely low, there was a bounce to resistance zone of around 18.2K but price refused to go to new low. The extremely low volatility and sideway action shows that there isn't much attention in this...

timhku

What if the low is already in? A look back at the patterns we have since early 2021, it is the first time since China mining FUD in May 2021 we have a bullish pattern forming again. This is the weekly chart so this is more of a longer term idea...also, the bullish MACD cross on the weekly is still intact. But you pretty much cannot trade this in the crypto stocks,...

timhku

The Hang Seng absolutely melt down on Monday, most people explained the selloff as the disappointment in Xi and his royalists taking complete control of the CCP, or the market is disappointed because there is no lifting of COVID restrictions after the 20th party congress....IMO, both of these are or should be well expected, the people's daily actually published...

timhku

After worst than expected CPI data, yield shot up, index futures crashed...but some might be able to spot that DXY didn't really have a reaction to the upside, which was very interesting and gave us a big hint into the epic intra-day reversal we saw. We need to look into yield, interest rate expectation, but also the major currencies in the DXY, EUR, JPY and GBP....

timhku

Many believe that inflation is here to stay. IMO inflation has peaked, it just take some times for things to cool off and show on the CPI print...when deflation kicks in, it will be fast, according to past experiences. Another interesting metric not many are paying attention to is the China PPI vs US CPI, the chart is self explanatory. The latest divergence is...

timhku

I am thinking we might get a nice bounce on the SPX regardless what the CPI print is. If CPI comes in better than expected, we bounce (naturally). If CPI comes in worst than expectation, we probably get a wash out, trap some late shorts, then bounce. Reasons: We are potentially forming a double bottom here with a lower low (June and Oct), the orange zone should...