In my revised Bitcoin update for BTCUSD, I outline two potential trajectories. In the short term, I am bearish, while my intermediate short-term outlook is bullish, anticipating a spike. However, my longer-term view remains bearish. Among the two projected paths, I assign a slightly higher probability (60%) to the Green Line trajectory occurring. This probability...
For the VIX we are in load up zone, whether for speculation or hedging. I've mentioned before I think 12-12.50s come with bounces to 18-19 until we get the next rate reduction that pushes us towards sub $12, that's been my bias, next leg down could be it but i assign the following: 85% probability $12 holds we go to $17/$18 10% we dip to $10-$11 5% something...
We have a diamond forming that will take us towards my target of 63,300 or so before towards 70k after 67.5k of course Let's hope for us options traders we get the up fast... come on candles!
In our latest analysis, we dive into Bitcoin (BTCUSD) on daily and weekly timeframes, highlighting key Fibonacci ratios, support and resistance levels, and bullish diamond formations. After rallying towards $67,000, Bitcoin is now retracing to $63,000 before we anticipate a bounce back up to $67,500 and $70,000 within 5-7 days. This comprehensive update...
Ensure you hedge your trades and know your maximum loss and profit, especially if you have limited funds to dollar cost average or are trading options. For informational and educational purposes only, I prefer buying laddered call options on UVIX (1.5x), VXX (1x), and UVXY (2x) at sub-$13 levels over 2-4 weeks that align with my long "risk on" call expirations....
The VIX has reached my 12.50-13 target and is poised to hit 12-12.25 today or tomorrow. Following this, I anticipate a bullish diamond pattern forming. This setup signals the next leg up, prompting me to go long on UVIX. Within the next month, I'm targeting the 17-18 zone for UVIX. Stay tuned for strategic entry points.
Laser Focused on a $2 break and it's no coincidence this is the first next options chain strike price. Man those options pricing models are perfect algorithms to bend us over and.... well you get the drift. Let's go $2++ gets us $2.30
Long on NASDAQ:RIOT Short-Term Price Targets: By Friday (May 17) or Following Monday: $11.50 to $12 Early June: $14 Early to Mid-June: $16 Technical Analysis and Key Indicators Support and Resistance Levels Immediate Resistance: $11.50 to $12 Next Resistance: $14 Upper Resistance: $16 Chart Patterns and Technical Indicators Moving Averages: Check the 50-day and...
RIOT Games is bullish and winding up, Bitcoin still needs at a minimum FWB:67K up to FWB:73K (double top zone) based on technical indications. RIOT should follow suite and once we break $10 psych As soon as everyone calls bearish and doom, I don't just get emotional I get technical, like a ninja! Let's Go!
I Wouldn't play this "Game' until $21... mark my words we come back to $20.73 within a week or so!
Complementing weekly and daily charts, short-term analysis indicates a bullish projection to 63k by early next week. Utilizing Fibonacci ratios, trend lines, and various indicators, the trajectory aligns for a notable rise.
The upcoming week holds significance for Bitcoin as it grapples with signals suggesting another upward burst is necessary before a potential downturn. The analysis spans both weekly and monthly timeframes, indicating a crucial phase for Bitcoin's trajectory. Despite short-term bullishness, a bearish outlook looms, with projections indicating a decline to...
Bitcoin (BTCUSD) Weekly Forecast: May 11th - May 13th Overview: As we step into the week ahead, Bitcoin continues to exhibit signs of a bearish flag formation on the weekly chart, indicating potential downside momentum. The analysis considers a series of wave counts (a through e) within this pattern, with stochastic indicators showing a hooking pattern,...
So many bears out there that were the same bulls saying Bitcoin 100k are now bearish lol. Get your timeframes in line people. I've been since I called the rise from 28k to 48k then 57k on the same trajectory. WE still have a 70 to 73k double top or rise to some wherein that zone before the big fall that takes us to 39k or less on Bitcoin
As I mentioned in the related VIX analysis where I called the VIX from $19.50 to $12 we went sub-$13 but with a fall in many non S&P500 stocks falling and not benefiting from this. Therefore the risk reward of my play is higher but I remain bullish over the short term but bearish on all risk on assets including crypto in the intermediate to long term. I still...
Three levels of our smaller wedge top, we need the 1.618 broken to start smoken! Earnings after hours today, but we really want to pop before then, we may get a 1.80-$2 late day spike as people load up and shorts cover before the storm!
Check out my analysis on RIOT Blockchain and Bitcoin! I'm bullish on both assets, expecting a breakout to $73-$75k for Bitcoin and a target of $14 for RIOT within 1 to 2 weeks.
Get ready for an exciting week ahead with LAZR Luminar Technologies! We're seeing the upside earnings surprise being priced in, coupled with a massive falling wedge that's about to break out above $1.70 and then soar to $2.00-$2.20 on the second wedge. LAZR Analysis: Earnings may be the catalyst for this breakout, but that's not all. I've also identified a weekly...