Moon_Rocket_Capital

Moon_Rocket_Capital Updated 

𝗕𝗜𝗧𝗖𝗢𝗜𝗡 𝗕𝗨𝗟𝗟𝗦 𝗦𝗛𝗢𝗪𝗜𝗡𝗚 𝗦𝗢𝗙𝗧 𝗛𝗔𝗡𝗗𝗦? RSI has broken below it's rising trend and retreated back to the 50.0 mark. This is overall a good thing for the long term health of the trend though, because RSI was definitely in overbought territory. The pullback has not yet pierced through the bottom of the short term trend (~75 days), and it is no where near the the bottom...

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𝘼𝙉𝙊𝙏𝙃𝙀𝙍 𝙏𝙀𝙎𝙇𝘼 𝙍𝙊𝙊𝙁 𝘽𝙇𝙊𝙒𝙎 𝙊𝙁𝙁... There are levels of humor in that joke, but I digress. Tesla has comfortably broken through it's previous high water mark and is in clear price discovery phase right now. Of some concern is the falling levels of volume - though the week of green candles don't seem to notice (yet). RSI is also reaching into overbought, and we can...

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𝗜𝗦 𝗚𝗢𝗟𝗗 𝗧𝗨𝗥𝗡𝗜𝗡𝗚 𝗕𝗘𝗔𝗥𝗜𝗦𝗛? The weekly RSI is starting to fall off, having bounced off overbought several times this year. At the same time, we can see that the spot price is starting to fill out a descending triangle. It's interesting that we are still seeing weakness in DXY, but also losing strength on Gold. In a macro sense, this would suggest that the...

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𝗡𝗘𝗢 𝗟𝗢𝗢𝗞𝗦 𝗧𝗢 𝗕𝗥𝗘𝗔𝗞 𝗧𝗛𝗥𝗢𝗨𝗚𝗛 𝗧𝗛𝗘 𝗠𝗔𝗧𝗥𝗜𝗫 NEO is looking very strong on the bottom of the rising channel, however there is still some overhear resistance that it can't quite break through. The moment it does break through, though, there is a lot of overhead room here. The volume is rather disappointing at the moment, which is interesting given what the rest of the...

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ELON HEADS INTO ISOLATION, AND TESLA BULLS GO LONG Tesla is back to it's all time high, after almost 3 months of consolidation within the rising channel. Tesla has been somewhat of a laggard over the last week, with much of the market experiencing significant boosts on the back of vaccine news. In recent days there has been a lot of momentum with news about...

Moon_Rocket_Capital

Second consecutive close on the daily where we are seeing market indecision. This time it's an inside candle. Will bulls find volume, or will we see a period of cooling off? #crypto

Moon_Rocket_Capital

Long wicks on both sides, and a new day starting unconvincingly. This is market indecision on display. #crypto

Moon_Rocket_Capital Updated 

IS THE SHORT TIME FRAME SETTING UP A PULLBACK? Zooming in from the 1D chart to look at the 4H as we are playing in the top of the 1D channels range. Here, we can see the 1D channel with the red dashed lines (yellow dashed lines are +/- 3 deviations). Broadly, the volume is up, however the density of the volume is falling with each bullish impulse that is coming...

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SPX LOOKS FOR NEW HIGHS The S&P 500 is at a point of decision. But it's not the one you are expecting. Earlier, I wrote about the impacts we are seeing with DXY right now, which you can read here . When the value of $USD changes, the buying power comparative to it also changes. Stocks will eventually return to normal, so now there is a great opportunity for...

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IN THE HEART OF DXY If I were a government bureaucrat, I'd be waking up in cold sweats at 3AM every night screaming 92 at the top of my lungs. Something is different in the markets right now, and DXY knows it. Global uncertainty has had a pretty predictable cycle for a long time now: Thing that people don't like happens Accumulate as much USD as humanly...

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THETAUSD has been sitting in a nice tight channel. There is currently a test of the lower bound, however RSI is extremely low at this point. History on the chart suggests that there should be a bounce here... #crypto

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There is a huge amount of volatility wicks over the last several days, it will be interesting to see whether bulls can gain an advantage and push through the top of the falling channel. #crypto

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LTC is signalling a pullback... As the price toys with the top of the channel, we can see some divergence in the RSI. There is a bearish divergence, so let's see what happens... #crypto

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The recovery of the share market since March 2020 has been nothing short of amazing. I have, in past ideas, spoken about why I am cautious of the growth trajectory on the SPX, which can be summarized down to - LOOK AROUND YOU . I still - firmly - believe that this market is over extended and currently being propped up via the tech sector. How will the FAANGs...

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Comparative to BTCUSD, which is becoming over extending - ETHUSD looks like it has a lot of upside potential... RSI has plenty of room above it The price is BELOW the mid point of the channel Volume is creeping up nicely This is a boring but - relatively - safe play IMO. #crypto

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ASSUMING THE TREND CONTINUES... There is a 95% likelihood that price will remain INSIDE the white lines. There is less than a 0.5% likelihood that the price breaks above the upper yellow line. The only question that remains now is: Are we in a new, more aggressive, rising trend? #crypto

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IS TESLA RUNNING OUT OF POWER? Since hitting it's high water mark, TESLA shares have been consolidating is the high 3xx to low 4xx range; with RSI capping out around 60.0. This recent pull back has dropped the RSI to it's lowest point since April 2020, and getting very close to hitting oversold territory. Volume has been slowing since the split, but that also...

Moon_Rocket_Capital

Technical analysis is the hunt for answers in otherwise random noise. We often lean towards over complicating ideas simply because they help drive a narrative we have already come up with. But that is the antithesis of analysis! Lines on charts mean nothing, but rather what the lines represent is the important factor. So with that said, I wanted to touch on a...