Casey22

Casey22

And the buy zone is coming soon. Just recommend waiting for a few more months, bottom, and then back to the bull.

Casey22

I called this channel out earlier in the year and we have had a nice ride within it. I suspect a lower CPI print and Republicans winning a chamber of the US congress (not that it matters or whatever) will cause a Q4 mini bull within the overall Bear Market Cycle. That said, unless there is a true catalyst, I do not see any possibility of returning to the bull...

Casey22

I had put out previous analysis where we stop on ETH right where we did and we would go down to make fresh lows. I now think this is wrong. We are at a point where if we break that above the trend line in the descending channel or descending wedge (however you want to see it), we will get a really strong bounce. This bounce leads us to a great risk/reward for...

Casey22

But there is zero chance, unless we breakout above 390 on SPY with volume, that we do not hit this simple head and shoulders target. The market may bounce and move sideways for a few days. Strong support at 370. But 322 in the not so distant future. Best of luck trading.

Casey22

This is happening. I just don't see how, with Fed Powell about the lay the hammer down later this week, that there is any meaningful bounce in bitcoin until we reach ~$14k. Best of luck trading.

Casey22 Updated 

Bear market channel forming. Chance of going to $30k, $40k, previous ATH... it is possible, just don't hold your breath. Troubling news for the markets coming. Inflation, China, whatever. Something will trigger a sell off in the markets, and BTC will sell off as well. RSI and MACd showing real weakness. No one in the mood to buy risk assets. All of this,...

Casey22 Updated 

Quick thoughts after lengthy review of where we are * Selling has been constant, mighty - do not expect a turn around and re-testing of all time highs anytime soom * We need some reversal pattern to get traders into a more bullish stance * Right now we are doing a mini up-trend to capture easy money - question is, do we go to $1,700, $1,800? Top I see here is...

Casey22

IMO this is happening, fairly obvious that we have a head and shoulders happening. After Jerome the metronome's speech, it is going to be hard to convince me otherwise that the S&P has any room to run to the higher side.

Casey22

Oil supply will dwindle, Russia to inflict max pain on Europe to try for instability. Easy inverse H&S, looking for crude and oil stocks to post recovery in next 3-4 months. Best of luck trading.

Casey22

It may be too early to call it, but looking at RSI and price action, I think some cautious buying can be done here. This retracement leads to a lot of support zones from historical peaks and valleys. We have had 70 days of selling with very minimal bounces. A little short squeeze before we further retrace more likely seems like it is about time. Best of...

Casey22

With Fed trying to create a soft landing, expecting a channel to occur down to pre-pandemic breakout. From there, TBD.

Casey22

SOL has just been a terrible descending channel, but it looks like relief is on the way. Bounce will happen along with broader crypto market. Expecting a bounce between $140 to $180, and then a sell off to $60 to $80, depending on overall market.

Casey22

Looks like a lot of support (shown through inverse head and shoulders) are being created within SOL. Potential upside of roughly 38% expected.

Casey22

I think we will hit 52k on bitcoin. And most likely form a wedge for a bullish breakout in February 2022. Best of luck trading.

Casey22

We are at all time high, but no break out / break up? Maybe because we have not reached the key trend line as of yet trying to keep a lid on this market. I think $73-$75k level will be key, and it may take a while longer to pass this trend line. Maybe Q1. But when we break this trend line, I presume we are going to $120-180 on a beeline. Best of luck trading.

Casey22

To be honest, I am taking some big risks in crypto. Everything is a risk, you know? But, I do not have enough money in the world to buy this beautiful chart. A break above $170, and... it is going to be fire, as the young generation would say? Clearly breaking out of a wave 3 triangle to the upside, have an inverse head and shoulders pattern, best project in...

Casey22

EA stock looks like it is in a textbook Wycoff channel, looking like a break below $130 would target $90. Also, on a long term horizon, this is making an Adam and Eve pattern. Overall, think this stock looks quite bearish.

Casey22

As we all know, alt season is in full swing and about to come to an end (you too, DOGE). Maybe not for a couple more weeks, but imagine Litecoin will have a blowoff top and that will end the fun and games. Once altseason ends, very possible we get an alt sell off which brings the whole market down, BTC included. I remain bullish overall, and we can easily see a...