Kreedmonger

Kreedmonger

Posted a different chart earlier this week bout how BTC was at fib resistance and also having a risky wedge right underneath it . Here is the result :

Kreedmonger

This could be the beginning of our downward channel to retest 4200 area

Kreedmonger

not a fan of these fib rejections along with this rising wedge on BTC

Kreedmonger

Few things to note. BTC is now at a fib extension which may or may not hold as support for a bit . We’re also near 200MA on the weekly . POC (price lvl with most volume ) currently stands at around $10,000

Kreedmonger

Look out below.BTC rejecting that 31 000 area does not look good

Kreedmonger

PTON hitting weekly demand/ volume shelf. keep on watch for nice reversal .

Kreedmonger

Seems like old BTC resistance is becoming new support . Very bullish sign . Would like to see Btc Hold 39-40k for it to remain bullish

Kreedmonger

AMC seems to be forming an inverse head and shoulder pattern and 9 day EMA is starting to crossover 21 day EMA. high watch

Kreedmonger

NKLA summary 12/23/2021 1) Highest volume since April. 2) High DP volume, mainly around $11. 3)Ortex squeeze rating, HIGH short interest 23.21% 4) $13.24 billion in calls vs 7.33 in puts today . 5) POC/volume shelf bounce , double bottom bounce, 6) Daily MACD crossing & going green

Kreedmonger

Last 200 day EMA bounce was in sept . At this point it could Retest that EMA again around 50-49k.

Kreedmonger

4hr 50 EMA recently crossed below 100. Down trending . As you already know the if big buyers come in or it gets some type of good news , expect to breakout of this channel .

Kreedmonger

watch Volume & Price action . Possible inverted Cup and Handle forming

Kreedmonger

BTT has been consolidating nicely . $.0075 seems like the key support level it likes to hold , and seems like a great buy area ;We need to breakout of this downward channel

Kreedmonger

Descending wedge pattern . Can break to the up or downside . Side note : BTT bounced right of the 25 day Ema today .

Kreedmonger

BTT Seeking a breakout from these levels . Also markets have been unsteady yet this thing is holding up well

Kreedmonger

WMT on watch for breakout out of this wedge

Kreedmonger

ONTX has been bouncing off support in the $1.40-1.50s area , specifically 1.50. A push to the upside and break of 1.93 would be interesting .