I know, I know. Past performance is no guarantee of future results. But man, just look at that Bollinger Band constriction, the huge weekly RSI divergence, and the fact that the current setup lines up almost identical to the pre-2020 rally. With China's liquidity taps back on and BTC looking primed to begin a new bullish phase (provided Trump wins the election),...
New hidden RSI div on Nvidia's chart. You can see how the last hidden RSI div broke out between April and June. Pre market buying has already started strong, looks like the AI euphoria continues. Judging by my pretty amateur use of the Fib extension tool, my finger to the wind guess is bulls target breakout to $170 by mid Q4. Let's see.
Pretty self-explanatory. We can see how the earlier hidden RSI div broke out post BTC ETF announcement. Now we've flushed out all the downside liquidity, it seems to me like there's really only one direction BTC prices can go. This new hidden RSI div is even deeper, most likely due to Germany's aggressive selling earlier this month. Currently testing the...
Promising looking hidden RSI divergence on BTC's weekly chart following the recent dip back into the wedge pattern. Suggests we may see a strong breakout here soon (next few weeks or so). If you want to see how these can play out, check out the recent Terawulf breakout (ticker: WULF). Similar hidden RSI divergence on the weekly right before the surging breakout...
There's a strong hidden RSI divergence on the weekly BTC/USD chart. From this, I think it's really just a matter of time before we see a strong breakout. We've seen two traps (circles) so far, as people got caught out trying to time the market too closely. Imo, better to wait for a weekly candle to close above the resistance line. Until then, I'm expecting...
Looks like the early beginnings of an inverse H&S on the MSTR chart. Neckline around $1340. Will be watching for the breakout to confirm this pattern. Early targets: - $1480 - $1670 RSI trending up. Looks even better on the daily chart. With BTC prices gaining strength and excitement building from Roaring Kitty's return on X, I'm hopeful for this to play out.
Interestingly, COIN is showing both a bearish regular RSI divergence AND a hidden bullish divergence on the weekly. Seeing as the latter has formed more recently, I tend to think we might see a rebound here rather than a bearish continuation, but it could all hang in the balance of the upcoming SEC Ethereum ETF decisions. Coinbase and ETH remain closely tied. If...
CAN has been one of, if not THE, worst performing mining stocks this cycle. Like the rest, it's completely decorrelated from the recent BTC price action and looks a little oversold to me. Weekly RSI divergence been building really nicely though since end of December. Just publishing this idea to track how it plays out post-halving. I might take a small punt if...
BABA share price continues to fall, but there's a ginormous RSI divergence on the weekly that's hard to ignore. Going to keep a close eye on this one and see if it enters the green zone again. Think this would be a nice long-term play, alongside NASDAQ:PYPL , with a chance of it retesting $84 in the future.
When you zoom out, it's hard to ignore the bull flag pattern that's forming on the weekly. $1400 seems to be acting as the current support. I feel like a convincing close beneath this level will invalidate the flag, but if we get a bounce here, we might be on a new leg up. Price target? Not sure. $2K makes sense as the most obvious psychological resistance...
Paypal moving on strong after suffering a massive stock dump. Weekly RSI has been consistently climbing. Stock now starting to lift off the October bottom. 10%, 40% and 80% gains looks realistic from here imho.
I'm not a fan of slanty head and shoulders patterns, but when looking at the declining RSI it seems like CLSK is heading for a correction ahead of the next halving. We've seen virtually all crypto mining stocks de-correlate from BTC's price over the last few months as institutions move money into ETFs rather than gamble on which miners they think will survive...
Recent FOMC meeting seem to have spurred renewed optimism in the markets. TSLA divergence here looks pretty strong imo. We'll see how it goes, but excited to see how this plays out.
Seems like another decent inverse H&S breakout on the monthly. Not a lot standing in the way as resistance until ~ $140. Supporting fundamentals: BlackRock and other institutions have named Coinbase as their prospective ETF custodian. Crypto market seems to be flipping bullish = more business and revenue for Coinbase.
Pretty self explanatory. Not usually a fan of inverse H&S any more but this one has all the classic hallmarks without the questionable slanty neckline or asymmetrical shoulders. NVDA stock looks ready to rock following recent U.S legislation limiting what semiconductors can be exported to China + Nvidia chips expected to be a major component in the growing AI...
Volume's dropped off, PA consolidated inside a penant on the daily. Could go either way, would personally have a stop loss around $805. Short-term target $1200.
RIOT looking poised for a bullish breakout. Gap now closed, retesting wedge upper trend line, and a promising RSI divergence all hinting at an imminent rally. Supporting evidence: Bitcoin closed out last month above $34,5K. RIOT, MARA and other mining stocks have yet to react in kind.