benjihyam

benjihyam

Sol looks to be forming a massive topping pattern and there's only one support level ($154) holding $SOL above declining towards the low hundreds. I think it's likely that $SOL drops from here finding support at the green line at $101. Let's see how it plays out from here.

benjihyam

If you zoom out on $GLD, we seem to be trading within a large channel. Price action looks very similar to how it did in 2012 before falling off a cliff. While everyone has turned bullish on GLD again, citing inflation as a reason for it to be a safe haven, the chart tells a different story. There seems to be strong resistance right above where we are and lots of...

benjihyam Updated 

As I shared in my last update on $BTC, $BTC ran up without testing some key levels as support and needed to correct down to $46k-48k before it would be able to move higher. Now that that scenario played out I think the same thing needs to happen on the upside. BTC needs to now confirm some levels as resistance before it falls further (IMO). I think BTC should...

benjihyam Updated 

ASM looks like it's in the process of finding a short term bottom around this $.088 range. I could potentially see a capitulation move down to $.082 at the lowest... Then we should see a reversal next week around Dec 21st with a move back up to the top of the structure around $.204-.214. Let's see how it plays out from here. Dates on the chart important dates...

benjihyam Updated 

LTCN has bottomed. I see it going back to the $260 region likely before October. Entry at $15.97-15.98.

benjihyam

To me, it seems as though the NDX is in the beginning stages of putting in a top. I'm looking for a target of $8400-8900 to be hit sometime in 2023. While everyone is bullish coming into 2022, I see an opposite view. I think there's substantial risk in the market. Multiple rake hikes, a weakening economy, resurgence of lockdowns, and a really ugly looking...

benjihyam Updated 

This is one of the ugliest charts I've come across in a while. It looks to be breaking down from a head and shoulders top w/ the neckline at ~$94. Next stop at $68, with lower supports at $52, $43 and $34. Break one support and we'll see the next level down.

benjihyam

Just an idea... Maybe it all plays out like this? Form a 1 yr range between $29-59k before finally breaking lower to a bottom in 2023?

benjihyam Updated 

I've sensed some weakness in the BTC market for a while now and I've been trying to make sense of what could happen over the next few months to a year. Originally, I thought BTC would go much lower (sub $20k), however, looking at the bigger picture and the ichimoku cloud, I don't think it's a strong possibility anymore. I still don't think we see $100k BTC this...

benjihyam Updated 

This is the most beautiful chart I've seen in a while. One trick to trading the Grayscale products is the move in these products always lags behind the spot market by a day to a few days. So once you start seeing an asset move, look to the charts in Grayscale to see if the move will follow. $ZEN has started to move already and this chart looks like the bull run...

benjihyam Updated 

$GRT seems to be breaking out after consolidating since it's February highs. If it can push past the 50% retracement level at $1.71 and then it's ATH at $2.97, then I think there could be a strong move upwards and the first take profit level will be somewhere between $4.49 and $6.42. After that, I think it's likely to consolidate further before surging up to a...

benjihyam Updated 

Sentiment at extreme highs and the chart not looking great. One thing that has been bothering me about this run since October is how we've never tested $48k or $52k as support on the way up. Today we had all markets show weakness, TLT showing strength (as seen on my recent analysis), and $DXY completing an inverse head and shoulders breakout... all the signs are...

benjihyam Updated 

Updating my analysis one more time based on price action and my updated view on alts and BTC. What's hard for me to assess is how high $NU goes. There's essentially two scenarios that I'm weighing right now. For either outcome to take place, $NU needs to get above the $.65 green line for price action to turn bullish. After that, then there are two separate...

benjihyam Updated 

Rode the initial leg up last week from $.16-.24. Now after consolidating for the past few days, $ASM looks like it wants to make a run at it's final target of $.29-$.35. As you can see on the chart, a flag has formed inside of a larger flag and we seem to be testing this $.193-.194 region as support. If the support can hold here, and we break through $.22 on the...

benjihyam Updated 

I think the next time we touch the blue trend line running through the middle of the chart, it should break. Which would give $algo great upside to the higher green targets w/ a potential of $6 as the final target. The key level to break on the upside is $2.56 (ATH) which would provide a path for continuation upwards. However, the question is, what is the path to...

benjihyam

$TRU looks like it's about to break out. Once it breaks $.66, it should find a little resistance at the $.79 level before finding it's way up to $1.20-1.25 region. I'd expect to see a pullback there before finding it's way higher over the course of the next few months to a final target of just under $3 Not one to get into fundamentals as I base all of my...

benjihyam Updated 

$FET looks like it wants it's next leg up. After consolidating for 2 months from it's run to ATHs in early September, it looks to me like it just broke above it's bearish/consolidation level and wants to move higher. A break and close above the 50% retracement level at $.88 would be the signal that the next leg up is likely. From there, if it can break through...

benjihyam Updated 

In the immediate short term, I could see a retrace to $.50-.51 to retest the top of the structure, from there, I think we're headed for the 50% retrace at $.85. If we breakout above that level, it would send $NKN to it's previous ATH. And if we can get over that, then we should be in price discovery with resistance on the up at the targets on the chart. My...