ArchersWingman

ArchersWingman

Bitcoins is consolidating around the 55k mark and is forming a wedge pattern (yellow lines). After hitting the ATH of 62k is retraced close to the 38.2% retracement and bounced back. There is a lot of thick cloud support and a strong trendline to monitor (purple line). Ichimoku crossover is bullish (blue over red) but the lagging line is in bearish territory...

ArchersWingman

For those bullish on bitcoin and wanting to buy the dip, you now have a window of opportunity. It's unknown how much longer this will last, but HODLer's always win in this game. Ichimoku indicators are all bullish (white line above price, blue over red, and price above cloud.) There is no significant weak spots in the cloud (green shaded area). 40-45k seems to...

ArchersWingman

Amid the panic sell off this morning it is time to be greedy when others are fearful. CCIV is retracing to deep fib levels and quickly. It hit the 61.8% level earlier today. This extends way outside a strong 90.5% correlated regression trend (blue and red shaded.) There is also a significant price gap caused from the panic sell from 45 to 55 that will likely fill...

ArchersWingman

There are now talks on wall street bets about the coming "Shroom Boom" The two biggest players are MMEDF and CMPS. CMPS is backed by Peter Thiel and MMEDF is backed by Kevin OLeary. CMPS is my preferred play since they are already on the Nasdaq and offer options. We can clearly see the trend line (purple) is holding very strong and has been tested multiple times....

ArchersWingman Updated 

APHA has had exceptional success on the idea of an american legalization of marijuana. Profit taking should start now as there are technical signs showing that it is currently overbought. Although there may be another big pump when officially legalized. There is clearly a bearish divergence in the RSI as APHA approaches previous all time highs. The price has also...

ArchersWingman

GME has crossed the bearish trend line and is now approaching thin ichimoku cloud on the 15 min chart. A break to the bullish side of the ichimoku cloud paired with bullish lagging indicator (white line) and bullish crossover (blue over red) could indicate the next squeeze. Stimulus checks of $1400 are now expected to be released soon which could help drive a...

ArchersWingman

ZUO is beginning to breakout on the daily chart from the long term bearish trend line (purple) after crossing over the 200 period MA (yellow line). There is plenty of support from ichimoku clouds (green shaded area). The regression channel (red and blue shade) shows a 96% correlation which indicates this is a strong bullish trend (thick blue line). Bulls should be...

ArchersWingman

The price is now reaching near it's pre squeeze all time high (white line) and has broken through all fib levels. RSI is indicating that this down trend could be ready for a reversal. Traders should wait for a clean break from the bear trend line and weakness in the ichimoku cloud before buying again.

ArchersWingman

GME now approaching it's bearish trend line (blue line going down) around the 78.6% retracement level. Traders should monitor how the price reacts to this. There will likely be a big move tomorrow from this, as well as monitoring changes in short interest. Fintel reports there are currently 500,000 shares available to short. It's not clear if this will move down...

ArchersWingman

GME has broken straight through the longer term trend line (purple). It has caught on the 78.6% retracement line again and is now forming a descending triangle pattern (thick blue lines). Now is a great time to buy the dip. 80% of gaps fill, and their is a large gap created by pre market activity. I believe this is another instance of market manipulation due to...

ArchersWingman

GME is currently testing the 61.8 fib level. Volatility is relatively low so today is a good day to buy options and straddle for a breakout. There has been a small drop due to fake news regarding a silver squeeze. The bearish trendline (lightblue) will be key to know when the breakout will occur to new highs. It's possible the price may catch on the bull trend...

ArchersWingman Updated 

GME is currently forming a huge wedge pattern going in to the big push for a "gamma squeeze". I would expect shorts to double down and try to break this bull trend line down to avoid a gamma squeeze. It's possible it may catch again on the lower bull trend line (purple) when it comes near the low.

ArchersWingman

Similar to the vw squeeze, we can now see the final and desperate attempt by bears to drive the price down. It has bounced of the 78.6% retracement line and will soon make it's way back up to new hights, as short interest hasn't changed as far as we know. 3 hours ago there were only 9,000 shares available to short. Unfortunately, there is massive market...

ArchersWingman

Today's big move is now consolidating into a wedge. Bulls looking to enter should buy at the bottom of this wedge when VWAP (light pink line) is above it. The wedge is built around the 23.6% retracement which is also the 300 psychological barrier. Any strong move towards 350 will indicate a break out (higher than average volume, at the bottom of the chart there...

ArchersWingman

As part of the excitement surrounding GME, I will be doing occasional technical analysis of the price action. After the retracement to the deep 61.8% fib level, we can see a clear bull channel has formed. The regression analysis has a solid 90% correlation (R2) which indicates this channel is very predictable. It is being tested as I right this. VWAP (light pink...

ArchersWingman

Bitcoin looks like it has broken on the downside of a wedge pattern (broken bull line represented by light pink). This appears to be a fakeout. Volume is relatively low compared to the price action. RSI is no longer in overbought territory. Price is still in the bottom end of the regression channel (price trend represented by red and blue shaded areas). The chart...

ArchersWingman

CMPS is around a major support level of 45 and is now showing signs that the pullback from 60 is over. 15 min ichimoku chart has lagging line (white) in the bullish position, crossover (blue over red) is also bullish and lots of cloud support. The price has also crossed the 200 period Moving Average (yellow line) this is usually predictive of trend changes. The...

ArchersWingman Updated 

NIO is reaching new all time highs. It's possible (at this moment in time) that this is a fake out. However, ichimoku lagging indicator (white line) is bullish, the crossover (blue over red) is bullish, and there is plenty of thick clouds for support. RSI is a little high but far from correction territory. The fib retracement shows a low of about 38.2%. Indicating...