I've Highlighted a possible double bottom here on Solana.
This is a accumulation schematic, not suggesting all time highs but if solana chops sideways here, I believe a break-out will occur for a bear market pump.
Drop your thoughts in the comments =)
Bitcoin - on a LINE BREAK chart
I've highlighted the key reversal patterns that bitcoin has made through-out this cycle.
The next $btc halving is estimated to be April 21, 2024* (at the time of writing).
Currently I am spotting a falling wedge pattern on the daily, a break-out of the upper trendline, is the only real way to really confirm this pattern.
$SPY has me on the edge of my chair here on the weekly and boy is there lots to review..
Let's start with where we left off last time..
The INVERSE HEAD & SHOULDER is still in play, I know, I sound like a broken record, but it's true, not broken, and we closed the daily on the $390 support level to back up this theory.
(Green Outline) represents a BROADENING...
Meta - Facebook
Chart resembling a Wyckoffian pattern - occurs in accumulation phase.
You can see Facebook has had a big downfall from its top in September 2021.
We can view the selling climax, preliminary support, and the secondary test - this particular pattern has a spring currently (panic selling) (breakdown of continuation).
This is NOT the last line of...
$NVDA is on its last leg of support, if it loses this area we are looking at $115 as the next support level
HOWEVER, I'm spotting signals of capitulation as I highlighted in yellow - steep decline with elevated volume.
In the past NVIDIA usually bounces after this type of price action and we have now touched the bottom of this descending supportive channel that...
1. SPY had an incredible bounce yesterday printing a bullish hammer at the $390 level which is a huge area of support. Inverse Head & Shoulder is still in play.
2. The RSI has created a bullish divergence (might be temporary - see bearish view).
3. MACD has started curling up after the big corrective decline.
4. Stoch RSI is and has been negative...
Semi-conductors/chip stocks took a big dip this week after more negative earnings reported.
I am watching this inverse head & Shoulder pattern for a reversal with huge upside potential.
Declining selling volume.
Near oversold RSI
High risk (manage risk) as we are at a major support level. If we lose this level, the weight could get really heavy back into the...
Big cup & handle wyckoff accumulation schematic developing on GOOGLE!
This level is make it or break it.
$GOOG hasn't had the the most exciting price action lately but we could be in for a big surprise to the upside if it can hold this current level. Gaps to the upside.
IF NOT.. support levels are marked to the downside.
It's decision time.
I have been watching this broadening descending wedge on the daily timeframe.
$BTC is struggling at this trend resistance and looks weaker in comparison to the S&P 500 ( $spy $spx ) a daily candle close above would be ideal for further bullish price action.
I believe the probability of it touching the lower trend of the wedge is getting higher as we lose...
$NVDA has a very interesting chart.
Today NVIDIA announces earnings, missed. The price plunged a bit after hours but not as bad imo.
I see a solid accumulation/support near the $157-$161 level.
NVDA previously broke out of a falling wedge on July 15th, however, it didn't back test the break-out zone afterwards, holding the support level this week would set up a...
Increases in interest rates elevate the value of the U.S DOLLAR, with this information it should be no surprise to see DXY increasing as the FED continue to raise rates.
As we have seen the past year, with each meeting, the rates increase, the dollar continues it's parabolic rise.
IF the Fed continues to increase rates as projected through the end of 2022, DXY...
META has a falling wedge on the weekly timeframe with support at the $155-$160 Levels, these levels would be perfect for accumulating a swing trade.
Holding those support levels during this $SPY correction period is crucial for this pattern.
Losing those support levels would be bearish scenario and would invalidate this falling wedge pattern.
The S&P 500 broke out of its descending trendline on Tuesday and is bulling, here is why I'm playing this cautiously...
It has a gap (red) that it is beginning to fill. It can easily fill the entire gap (into supply zone) and be in this bear flag territory.
This could be a BIG BULL TRAP. Beware as we head into FOMC Fed Meeting next week. I would not swing long...
I have been waiting so patiently for TESLA to meltdown and it just keeps showing strength and pulling through.
Elon fans are still strong while Elon is out frolicking on a boat shirtless with skin that hasn't seen sunlight since the pandemic looking for baby mama number 5.
As you can see above, TESLA has formed a head & shoulder pattern on the...
$META FACEBOOK Meta Technology Company
Falling Wedge Pattern - Descending Channel - Double Bottom at support with a bullish harami on the 4 hour candle.
$META is looking bullish from here on a technical view for a bounce off the bottom trendline. If it breaks out and holds above the channel it has a measured move of $234 target.
GAPS are marked in RED.
I wouldn't ignore this bearish pennant on the 1 Day - daily.
It had a death cross on daily at the end of MAY. This is generally a lagging indicator and it appears it might be ready to show out after printing a bearish consolidating pattern.
Support levels are marked below. Also a GAP marked in RED.
I am wishful hoping the gap will fill because I...
This rising wedge could be confused as a bear flag, however, both patterns are similar, bearish and generally followed by downside.
My guess is we fill the gap below the next support before seeing any major reversal on this stock.
Are there any hungry bears out there? GOOGLE this pattern and get ready!
On a fundamentals it is a buy buy buy...