BTC touched down around 17622 before bouncing.. I believe we can still be due for another leg down but we need to consolidate and form an area of consolidation before making another move down or locking in this as the new low.
Ideal can see BTC bounce between the range 20-23.5k before a breakout to the upside straight or leg down.. will be looking to wait for BTC...
BITCOIN following US equities lower. Expecting a weekend push back to 26500 before an intense move lower to 22500-24500.
This should cause a bit more volatility in the crypto market. Playing close to larger whales getting liquidated.
Still looking to see BTC under 20k to see how retail/institutional traders react to these lower BTFD levels.
Charted back in April..
short wasn't due to double top as it wasn't clean but was enough for skepticism; it was a range of rejection. At the highs. The short for me was validated into the down move which then formed a classic macro bear flag.
Watching TSLA 1600CS for 05/20 into Jan 2023.
My trade idea is that TSLA could do this by August-September. Yet, with the discount from the highs I can see institutions ramping this bad boy up when they feel it is safe to long tech again
Entry Price: 3.8450
Liq. Price: 3.6015
Leverage used 12X
Falling Wedge Potential breakout above $4 can run to $6-$7.
Margin used : 141.7592 USDT
Will add more on pullbacks or add to margin.
Target here is $6-$7. Aiming for profit of $1200 USDT.
*At the time of post current position up 15%*
Big Push in semiconductors and this chipmaker.
Waiting for a Move below $305 into $300.
Will be looking to get a multi-week/multi-month PUT/SHORT position in NVDA.
3yr by weekly macro funnel has been broken out of and price action is curating to re-enter the funnel.
Price Targets below $305.
PT 1:$ 300
PT 2:$ 290
PT 3:$ 285 and below.
Long term swing...
Strength after Earnings report.
What goes up must come down. Trendline resistance expecting pullback into range box of consolidation.
Put swings can work under $46.03.
PT 1: $44.5
PT 2: $42.5
PT 3: $40 & below
Dollar Tree of Trendline support.
Bouncing off support with gap area to fill on the upside.
Took the 12/17 140Cs @ 3.08/contracts currently up 3-4% ROI.
Trade Action Plan:
Looking for the move to 137.85 & Above.
if this move can happen then expecting the gap fill to 140.30
Price targets above 137.50:
Pt 2: $140.50
PT 3: $141+
Took a position in $WMT
Grabbed the JAN 21 22 150Cs @ 0.67/contract currently up 37%.
Walmart off the RSI lows and trendline bounce can easily play Fibonacci levels
Price Targets (PTs):
TSLA projection on weekly candle Currently in TSLA 1300Cs for 11/26
(Took these early before the push on Friday - currently up 100% from entry)
Setting up for new ATHs possible this week or next.
PT 1 -1196.51
PT 4 - Above PT 3 we go to 1300-1320 range watch drawback to 1270.5 (rare would need a crazy bull push above the weekly highs
Picked up the $PTON 12/17 $65 Call for 0.76/contract.
Currently up 8.55%.
Trade Plan: Swing through November. PTON should hit the first minor gap up and then move with volume & momentum into the ERs drop recovery mode.
Plan of action: Take profit around $60 on the swing. If candle sticks move big will see how this moves higher.
Currently on the 1y1d 20d SMA $68,...
Last 3 Months of the year usually very bullish for crypto.
Retail investors may pour money into meme coins such as DOGE & SHIB.
Previously the run from DOGE this time last year ran..28000%+ from 00.27 Oct 5th --May 5th.
*Many variables .. Elon involved...Meme mania etc. But human behaviors repeat and sometimes so does history.
Will SHIB get the same volume influx..TBD.