JICPT

JICPT

Hello everyone. After tumbling approximately 70% from the high created Feb. of last year, now the chart of ARK started to get my attention. On the daily, the red downtrend line looks to be violated. The nearest supply zone is $68 to $72, which it has to be conquered to establish momentum to the upside. So, I'm neutral until the zone being penetrated through. ...

JICPT

Hello everyone. BTC has rebounded from the level around $33000 before going sideways for a while. Obviously, I recommend doing nothing as the price is in the middle of the sideway range. A lot of times, traders don't have to take action. I'm a bit bullish based on the pattern and abnormal volume. I would either wait for price to break the upper boundary of...

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Hello everyone. Finally Fed hiked the interest rate for the first time since 2018 by 25bps to combat the surging inflation issue. Before the FOMC meeting, forks have already expected 25bps hike against the backdrop of the conflict between Russia and Ukraine. On the weekly chart, it looks firmly conquered the 2% trouble level and entered a range with upper...

JICPT Updated 

Hello everyone. The conflict between Russia and Ukraine has been on the center stage since last Monday. global stock market have been volatile for a majority of the week. With no intention of sending troops to Ukraine, market started to calm down. Hopefully, it'll be over soon. It's really painful to see those photos. Get back to the technical side, there...

JICPT Updated 

Hello everyone. BTC has rebounded by approximately 40% after being stopped at key supply zones where 200EMA & anchored VWAP are sitting as marked in the chart. if you look at the candle formed on Jan. 24th, the abnormal huge volume and thin spread candle may get your attention. It was followed by thin spread candles with volume reduced drastically. In my view,...

JICPT Updated 

Hello everyone. USDCNH created a recent new low since May of 2018 when the trade tensions between US and China emerged, followed by sharply depreciation of Renminbi. With the help of strong export in the past two years, Renminbi went against the greenback by 12ish%. If the Renminbi becomes too strong, it'll undermine its export competitiveness. There was no...

JICPT Updated 

Hello everyone. I just noticed BA moved between two anchored VWAP lines that I selected the start date of the high created in March of 2021 and low created in March of 2020 respectively. In addition to the AVWAP, what really got my attention is the formation after the disappointed earning report. The Doji bar just formed at the key level. It's more like a...

JICPT Updated 

Hello everyone. It's been a bloody two-year for BABA investors as it tumbled by more than 60% from late Oct. 2020. As I analyze the daily chart, I noticed two things: firstly, the red downtrend has been soooo well respected. secondly, major daily flip levels served as good supplies. What got my attention is not just the sideway formation on the daily. The...

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Hello everyone. My previous bearish idea of GBPUSD has worked well. With massive sell-off triggered by conflict of Russia and Ukraine in the middle of the week, sterling has been bouncing back from area around previous low. On the 4H chart, I marked a yellow zone as a bearish structure, above which I identified a 20bps supply zone. I set an alert and plan to...

JICPT Updated 

Hello everyone. GBPUSD chart got my attention as it pulled back from upper boundary of the downtrend channel. I also noted that it lack the volume to pass the trouble zone where the anchored vwap was sitting above around 1.3740. So, simply put, I'm interested in bearish setup at the current position. Where would buyers come in? In my opinion, buyers might be...

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Hello everyone. Escalated geopolitical tensions between Russia and Ukraine has triggered massive sell-off on last Thursday and Friday. Now, Nasdaq is approaching previous low again. How will the index react to the level is key to watch next week. If buyers couldn't defend the sellers, market is likely to further decline to 12200 where anchored vwap sits. In...

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Hello everyone. Chewy has been down on the disappointed earning report released on September of last year. Now, we can see clearly from the chart that the downtrend channel has been well respected with price unable to break every control high. The nearest bearish structure is around $60-62 where my two anchored vwap lines are sitting above. In my view, this...

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Hello everyone. It's been a while since I published ideas regarding Tencent. After analyzing the global market to identify the sweet spot to park the assets for my client, Tencent again got my attention. From the daily chart, we can see the key anchored level around HKD412 is well respected after massive sell-off with above the normal volume. In my opinion,...

JICPT Updated 

Hello everyone. Happy Chinese New year! I've just been back home from a family trip. I came out the bearish setup on the following reason: Weekly: Bullish flag pattern indicates that price might have a pullback for the arrival/violation of the upper boundary line(132.40-133.40). Daily: After big bullish bars, buyers may be exhausted. In addition, I refined the...

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Hello everyone. JPM has been down around 20% on the weaker earning report and market turbulence. However, it has been bouncing back from key level one weekly. I listed the reasons to be bullish on the daily chart for your reference: 1. VSA 2. Flip 3. multi-timeframe analysis 4. market mood. Beyond those, the rate hike by FED this year(probably 3-4...

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Hello everyone. It's been a while since my successful Tesla setup below. It's very interested to re-visit the stock after recent sell-off despite better-than-expected earning report. Actually Tesla has dived more than 35% from the high created on early Nov. 8th of last year. By using the VSA, the diminished volume suggested that buyers' incapability to move the...

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Hello everyone. My bullish setup of Microsoft(274-280) worked well in the middle of the massive sell-off. You can refer to the related ideas below for more details. So, What's next for the price? Weekly: It's definitely bull trend. I used the ema instead my duo MA system layout. Key structures got respected well. Daily: There are something I want to cover...

JICPT Updated 

Hello everyone. It's been a while since I published ideas last time. I've been on business trips and meetings. Finally, got the time to share something. Basically, bullish BTC buyers have suffered a lot as it retreated by nearly 50% from historic high created in November of last year. In my opinion, I think the worst time is over as it rebound from key level...