This 2W candle looks like it marks a turning point in the stock market. I often use Heikin Ashi candles to see when trend reversals are happening on larger timeframes and we seem to be getting our first red candle since 2020. What's notable about this candle compared to the two that we had previously is that the body of it suggests a trend change and not a pause...
Updating my analysis one more time based on price action and my updated view on alts and BTC.
What's hard for me to assess is how high $NU goes. There's essentially two scenarios that I'm weighing right now. For either outcome to take place, $NU needs to get above the $.65 green line for price action to turn bullish. After that, then there are two separate...
After an impressive run, $SOL looks like it has put in a near term top and wants to head back to the $20-30 range over the coming months.
A break of $97 (the .5 fib) makes this scenario more probable.
Key dates for price movement on the chart. Let's see how it plays out.
After months of consolidation, Curve Dao looks primed for a pump. Once it gets over $2.86 and tests it as support, I think price will move quickly to $8.28, and potentially all the way up to $11.80.
I added key short term dates and longer term dates to watch for changes in price action. Let's see how this plays out over the coming weeks.
After a 100%+ run during a pandemic, I think we're finally nearing a top in the stock market... How low will we go is the real question?
I've marked some important levels and dates to watch on the way down. Let's see how far we drop.
Looks like we've bottomed on $BCHG with a strong move down on high volume. Looking for 5x - 6x upside from here.
My entry was at $5.38 and looking for $31.44 as the target of the move. Let's see how it plays out over the coming months. My guess is we hit the target before October.
I'm updating my last analysis from a more bullish view to a less bullish view on $NU, changing the original target of $3 in September to a more conservative target of $1.04.
The reason is because the market overall looks to be in a corrective structure rather than an impulsive one.
So I think the more likely scenario is that we form a double top (or bearish bat...
Extreme bearish sentiment at $46 support? Looks due for a bounce to me. First upside target $66 and then $76. Unlikely to make it much higher than $76.
Watch for reactions to price action on key dates and levels on the chart.
While I do think we're due for a bounce here. I think the highest that we're likely to go is ~$47k before we see a reversal lower. If we do manage to get above that level, then we'd have to break $52k and close above it for price to change bullish.
If we don't close above that range, then I think this scenario is likely where we'll see BTC at $9-14k in March of...
$DXY looks like it's topped for the short term w/ an ugly reversal candle on the 2 day. Strong short signal on my indicators.
Drew different possibilities of supports on the chart. My guess is that we go to the lower supports to make people think we're getting a macro breakdown in the dollar, then we see a strong reversal higher in $DXY . If this plays out, it...
When looking at the long term trend, another possibility arose. I could see BTC going to the $17-20k range in October/November of this year instead of $10k then -- everyone thinks that's the long term bottom because it would find support at the top of the last bull trend. Then I could see bitcoin bouncing there for the short term (Nov-Jan) and falling lower...
I have a feeling we're going to break through one more support at $3.77. If that happens, the buy will be at $3.55 and we should see a longer term bounce there.
First target to the upside would be $5.70, break through that and we should see $7-9.
2D Heikin Ashi just turned green after a long downtrend.
We just got a breakout on the 3hr ichi. Will buy on a retrace to the support levels on the chart and that should start a longer term trend change higher.
Don't want to be the bearer of bad news, but even though ETH will bounce higher over the next couple of months, it'll eventually find it's way down to the gray rectangle in the $700-800 range towards the second half of the year.
Great news for those who are prepared to buy at lower levels. Bad for those that are holding from the top.
I'm updating the timing and the price targets a bit from the last chart based on what I'm currently seeing. It looks to me like we got a retest of the lows today.
I think the next pivot which will start the move up will happen either July 5th or July 19th. Keep an eye out for price action on those dates and the Heikin Ashi candles on the weekly timeframe turning...
$GOVX looks like it has bottomed and is about to make a strong reversal to the upside.
Key levels and dates on the chart. I think we could see somewhere between 6x-12x upside from here.
Once we break the blue trendline, the next level to break is $7.91. Over $7.91 and I think we should see $30-60 by the end of the year. Break each level to the upside and should...