$HUT is on a correction atm, and bounced one time exactly on the .618 retrace from the last big low to high. If we see a second confirmation low, and then break out of the supply line, we might have a very decent buying opurtunity on this crypto mining stock! Stay tuned
Bitcoin sold of very sharply last weekend following the overall "omicron panic" in the markets.
The selloff absolutely smashed the demand line, that defined the whole rallye since the July lows.
After a little recovery rallye, we perfectly tested that old demand line yesterday and confirmed it as new support.
That is a pretty bearish signal, now the bears can...
After the sharp "omicron-dip", the S&P500 is almost back at all time highs!
The daily EMA100 got bought heavily and markets melted through every resistance since then.
The daily RSI keeps showing baerish divergence though, and also volume kept tapering off, also in the ETF on the S&P.
I would not open fresh longs here, instead taking some profits here seems...
$APPS went through a 50% correction from the last high and even closed the gap from august 31st.
If we see a bounce in the tech market I would think that $APPS might perform very well.
This is NOT a longterm hold and investment at the moment, just a swing trade, so strict profit taking is advised!
Buy In: Now
Stop Loss: we literally pick the bottom here, so the...
- BREAKING NEWS -
According to WHO, the new covid strain is considered "serious"
Let's see what this is all about. Technically we are playing out a bearish divergence that has built up since we found that top on november 5th price kept sloping up, but momentum was fading. And news like today is a perfect catalyst to make such a divergence play out.
We have some...
At the moment, we see some bigger selling pressure on Bitcoin and the whole crypto market.
But, is this really a problem, or maybe just the last wash out of weak hands and leverage before we actually start to move up even higher?
First of all, Bitcoin is very well known for corrections of around 20-30%, that's literally needed to work off those massive and...
After losing more and more steam in it's rallye, Bitcoin is pulling back some now.
Watch for the 57k-58k area as support. This should hold, if not, we might pull back to the 54k area.
There hasn't been a big amount of short contracts opened on BTC yet, so this just might be a small pull back before we see higher highs.
If you like my content, don't hesitate to...
$PLTR got beat down after earnings .
We landed right on the .618 retrace from the low to it's ATH .
If this level holds, we have a very good entry for a swing trade.
Risk manangement is key here though, cause if the market wants to see Palantir even lower than this,
we might do a deep retrace and go down to the 17$ish area again.
Depending on how "longterm"...
Bitcoin keeps grinding up that trendline, that was created in beginning-mid october, but obviuosly is losing some steam.
We had about a 10% pullback from the top lately and now it could seem, as bitcoin is starting to form some kind of bottom right at striking distance to the old ATH at around 65k .
This is clearly some kind of accumulation phase going on, the on...
Nintendo ist at it's 200 weekly SMA , this was a very decent spot to buy in the past.
This is something to hold on to imo, so no real trade setup here, but one could put this thing in his HODL depot and just forget about it.
Also pays some dividends on top.
It's a me, MARIO :)
$MARK Remark Holdings did a full retrace after the recently seen meme run, if we go for a second run, it might be off of this levels.
It's nothing to do a serious swing trade on, therefore this is NOT a Setup.
But don't be suprised, if we see another headline day or two in this stock.
Maybe put a volume alarm on this one, that's what I do, and just forget about...
$ATER Aterian Inc. Swingtrade chance.
Pretty low risk, but very high reward in my opinion.
The play here is a double bottom pattern, market has set up the bottom higher than it has in August. The price marked up intensely in August, after the bottom was in.
One would stop out the current bottom, but give it a little room to breathe, Aterian is something else,...
The S&P500 broke back into its price channel that startet on 30th october 2020
and is about to backtest that old demand line, if it is support again.
If market bounces off of it, we might be up for a wild rallye to the upper end of the channel.
If we fall below it, watch the 4.550 level for support.
$BNTX BioNTech got wrecked since its August high and lost over 50% of its value.
BNTX is at it's 200 day moving average, if that holds as support, it is a very nice swingtrade setup.
With Covid numbers rising all across the world and booster vaccines for everybody getting more and more a thing,
BNTX could possibly go on another bullrun cycle.
$PLTR is at a critical level here, basically hitting the IPO demand line without making a higher high before.
That demand line better holds, so PLTR continues to make higher lows,
if it breaks, look for support at the .618 retrace at around 22.50$
Below that, we have a little bit of history in the chart at around 21$ and the psychological support at 20$.
Bitcoin seems to be able to stay above 65k$ without selling off on the next day for the first time ever!
It seems like trader's are setting bitcoin up for much higher prices, if we make 65k$ our new support!
Very nice consolidation after a big impulse candle yesterday.
Of course this is subject to change at any time, but for now, BTC keeps looking very bullish.
Paypal got destroyed over the last couple of months, after it made it's double top on July 26th.
It has lost 35% of its value since then.
Paypal gapped below the support at around 222ish$ today and that triggered even more selling, since that support held for almost a year now.
The next area, where i see heavy support is at around 184-190$
I feel like that...