Owcheew8

Owcheew8

Last two tops were $98.33 and $100.52, however the last top was on lesser volume. Which has printed an obvious bearish divergence. Since the last high ($100.52), the stock has continued to decline and volume has continued to drop - printing more obvious bearish divergences. This is a clear short, I guess the earnings report will be a trigger for further decline...

Owcheew8

MSTR stock is but a clever way to get around the regulators and have a bitcoin ETF. The stock is nothing but a representation of a massive, leveraged bitcoin position. As such, it is bound to get hurt massively as bitcoin crashes once again. Currently, it is still lagging behind bitcoin and this is precisely where I see a high reward short. BTC-USD chart already...

Owcheew8 Updated 

Bitcoin looks on the edge, edge of an 10% correction that is. Shitcoins, like MATIC which has been aggressively pumped in last month could see 20% or even 30% correction as bitcoin corrects 10%. Keeping this on the watch list, going short if bitcoin correction is confirmed.

Owcheew8 Updated 

If the market stays bullish for a while longer we may see this pump unfold. It won't be difficult to find FOMO buyers here if market maker gives it a bit of a push and the push is aided by some news which market could interpret as bullish. Like many crypto assets, this one is absolutely controlled by a single entity, and if they decide it is worth to lift the...

Owcheew8 Updated 

Time to retest the top of the pre-dump exit pump. Read that sentence again, crypto is such a wild place. Have fun.

Owcheew8

Cheniere Energy Inc. (LNG) stock has been on the rip since the Russian invasion on Ukraine in Febuary of '22. Russian invasion has shaken the global flows of natural gas and has enabled USA to replace Russia as dominant supplied of natural gas to Europe. Cheniere is the company which basically dominates the shipping of LNG across the Atlantic, so its no wonder...

Owcheew8

The winter is coming and global tensions are still rising, the war in eastern europe is not even yet in the phase where both parties are willing to sit down. It could be a long and bloody winter for Europe. I believe oil futures have been going down based on recession fears, but with signs that China will re-open I believe this will be balanced out. I believe...

Owcheew8

FTCH is prone to big swing and this setup looks ripe. Last swing, from 6.52 to 12.89 took only 6 weeks. It was also triggered by earnings report. Current setup is even more favorable for upward movement than what it a quarter ago. If earnings report (17th, after the bell) is favorable, I believe bulls will push it all the way up to $16.5 - $17.5 range. If it...

Owcheew8 Updated 

Earnings are coming out next week (14th), it could spark a run here on DNA. This is a great R:R swing trade, one of the best setups I could find recently.

Owcheew8 Updated 

I would not try to time the bottom yet. I would first wait for retest of this this volume shelf between $210 and $220. Until then, everything else indicates a continuation of this downtrend. Be patient and good luck.

Owcheew8

Let's start with observing 2W chart, here we can see that: 1) price has been grinding across the trendline, which acted as resistance 2) following rejection at the resistance, we had a move down to ~0.174 range which formed a strong support 3) If the week closes at 0.18335 or higher, we have an official breakout from this sub-structure and impulse should take it...

Owcheew8

As described before, Tether fueled Bitcoin bull runs were not good for PPC-BTC ratio. Bitcoin bear markets is when this usually turns around and Peercoin regains ground. This turn-around could also break the multi-year downtrend in PPC-BTC. Price is now over weekly EMA(100), it has retested it once and has bounce back up. Next obvious target is 4500-5000 satoshi...

Owcheew8 Updated 

I believe next move will re-test the weekly EMA100. Just like the last wick up. It is interesting it wicks so much, but seeing how low the floating supply is it's not surprising at all. Coin is extremely hard to accumulate at these prices, so I expect price level will be rejected by the market.

Owcheew8 Updated 

Given that the market does not collapse as "the Merge" happens, this solana up-swing is quite likely. Checking the SOL-ETH chart it seems there is already an inflow of capital from ETH to SOL. It's not even subtle.

Owcheew8 Updated 

This pump was very weird, going up constantly on declining volume. Hit the previous high for a moment and immediately started crashing. There is a MFI bearish divergence on weekly chart as well. Short. What else to do. Expecting a full retrace down to $6 ish.

Owcheew8 Updated 

PPC-USD corrected before BTC-USD did and has established the bottom before BTC-USD. This can be see by rising PPC-BTC over the last couple of months. This chart looks incredibly bullish, and given the 8:1 R:R ratio I'm inclined to take the offered swing. Peercoin celebrates 10th anniversary later this month.

Owcheew8 Updated 

Wheat got nuked in late May, as it re-tested the high. It did a full retrace, -36%. Impressive even for meme stocks let alone one of the most precious commodities on the planet. Wheat has spent Jul and Aug in the area of intense demand, which just happens to be around EMA(100) , from what I can see everyone is waiting for first harvest numbers to start sending...

Owcheew8 Updated 

ATOM has been pumped, and it has been dumped. Capitulation event has passed, allowing market maker to restart the cycle. One cool thing about "second class" cryptos like ATOM is that they don't even pretend that they are not manipulating the market, they just do it and they make it straight up obvious on the chart. The goal is always to remain attractive to...