The winds are a blowin...
We've been talkin about this stock for a while now. The chart setup is ready. No more offerings because the shelf offering is gone. So honestly it is smooth sailing in a BULLISH direction. And my goodness look at those EMAs.
I am long on this, mainly CALLS. Will probably add some common shares during dips.
*posting again because last...
The Daily Chart is a crucial timeframe for the future direction of BTC. So, BTC dropped out of its Symmetrical Triangle and is on a downtrend. The RSI is indicating BTC has room to drop further before becoming oversold, that doesn’t mean it will. The ADX DI SMA is indicating a downtrend because the -DI (Red Line) is at 26 above the +DI (Green Line) which is at 18....
Before everyone goes screaming to the hills asking Charles Hoskinson for their money back, remember that with shorter timeframes, one must expect pullbacks and short-term downtrends now and again, it enables the market to remain healthy, enables compound interest from the peeps who took profit at the ATH to re-invest that CI and also encourages people who missed...
At the moment of typing this, if we look at the Daily Chart, VET has recovered from its correction that it had after making a new ATH on the 6th Jan. VET is at the upper band of its Bollinger Bands and has found strong resistance there. If VET makes it to a new ATH over the next week or so, we will be in uncharted territory. If VET fails to get above its previous...
Bullish. Let me just lead with that. I've played numerous calls over the last few months. Huge fan of the stock, the chart, and the company.
So of course I am back ready for more calls. $DKNG follows $PENN a lot don't forget that.
Right now I am watching:
jAN 22 $55 WEEKLY CALL
FEB 19 $60 CALL
Most of my target calls I will not even think about until...
If we look at the 1hr chart, at the moment of typing this, ADA is fighting between its Bollinger Bands Midpoint and its 50EMA. If ADA breaks downwards through the 50EMA then we may drop to our Base Line (Kijun Sen) or our 100EMA. If we keep above the 50EMA & above our Bollinger Bands Midpoint, then we may see ADA try to head back over its POC and attempt another...
SPAC PLAY.
Quick observations
Top chart - 2h - Notice the 200ma is acting as a level of support in multiple places. But now we see the quicker EMAs coming together and trending down. We appear to be headed towards the dreaded death cross (when a slower moving average crosses above a faster moving average) and honestly that wouldn't surprise me if it...
I spent a few hours on this chart. Not because it was so confusing, but because my newborn son kept distracting me. So I was determined to get this done. Then the more I looked at it, the more I started to like it.
Here is what I am watching:
1) Target price of $530-$575 if it can hold the bottom trendline
2) The biggest concern right now is the moving...
So after spending some more time this morning on Apple, I am not sure I am as optimistic as the other day. I made the comment on my chart from the other day that as I look at the "weekly" chart I'm a fan...but I am not so sure after spending the morning on the 1hour.
I think my biggest concern is this, basically quad bottom. Obviously it doesn't show up on the...
