crawfordpaul

crawfordpaul

Technicals BYBIT:ETHUSD has had a very rough day. Smashing through demand at 1871 towards max pain at 1681 where shorts began to cover and the market bottomed out. Recovering 140 points off its low in 15 minutes there is clearly still demand in the market. Failure to hold 1781 through next week could spell more trouble for this market globally there has been a...

crawfordpaul

After a 9% day for COINBASE:ETHUSD it is approaching my long target, where I would like to reverse and look for shorts. Some of the key levels have changed but the thesis is still the same. Upon retesting the structural level at 3,000, I'll look for a move back below the former range highs at 2813. I expect we could find some support initially at this area....

crawfordpaul

Fundamentals- A month into 2022 we have seen a slow grind into highs for NYMEX:CL1! . This is unusual as seasonally oil trades down this time of year. In part, this can be accredited to growing demand in European markets due to tensions between Russia and Ukraine. I don't expect this demand can or has been priced in efficiently. As we head into February and...

crawfordpaul

Taking a look at BITSTAMP:ETHUSD over the past two years can paint a better picture of what to expect going into the rest of the year. Fundamentals- Crypto has been taking a hit with the US stock market. This is a result of global sentiment shifting away from growth risk with impending rate raises from the Federal Reserve and other central banks. The coupling...

crawfordpaul

Gold has been hit hard since it’s run into August of 2020 where is created its high. Now basing in the mid to low 1700’s a reversal play could be panning out (no pun intended). I wouldn’t be surprised to see one more sweep of liquidity through the value area low at 1751.4 to better support the move on the distribution zone. Gold has been a safe haven during...

crawfordpaul

PYPL has traded back down to its consolidation zone from August-October 2020. In theory the stock could re-auction in a similar zone of 174-203 as the market gets hit. However, if PYPL continues to trade lower a test of the gap up from 138 would be the next stop. PYPL has done well in expanding their business model with integration into crypto and buy now pay...

crawfordpaul

This is a set up I saw on the 1 hour time frame and after some lower timeframe analysis I realized this is an ideal entry on GJ. After missed expectations on Japanese unemployment numbers, I was expecting a retrace back above 153.550, this was not the case. GBPJPY had a sharp selloff and has stair-stepped back into an area I consider safe for a long. Something...

crawfordpaul

Once again EURAUD has respected the top side only taking out the former highs before showing weakness and beginning to roll over. This offers a great RR set up and the prevailing market sentiment suggests a recovering Dollar and a stronger bond market out of the gate this morning which perhaps suggests continued weakness in the Euro. The German Buba report will be...

crawfordpaul

Here is trade set up on EURUSD based on current US numbers. With job numbers shrinking and an increase in wages and CPI the US dollar will likely continue to suffer. Furthermore, a stalled housing market and retail participation is concerning for the economy. I expect that these domestic changes will cause some more upside momentum for EURUSD. Add the seasonality...

crawfordpaul

My downside target remains 21k on bitcoin. Here are some near term profit targets for short sided trading. My other post further breaks down my projection on Bitcoin from a more fundamental standpoint.

crawfordpaul

With summer quickly approaching the initiative in the oil market has changed with more aggressive bids similar to what was seen in December of last year. With inflationary conditions in the market becoming evident and supply chain issues causing major ruptures across many markets I still have very a bullish outlook on Oil. That being said, I also expect for a...

crawfordpaul

If we take a look back at the 2017-2018 Crypto run up and sell off the similarities in price action are eerie. I went through studying all the moves trying to find a proper price target based on measured moves with little success. However, today I had a realization, once BITSTAMP:BTCUSD was unable to rally, and a large liquidation through $30000, I realized that...

crawfordpaul

Here is a chart of ETHUSD with reference points that I have found to be significant in past cycles for the coin. With BTCUSD taking a much needed breather and retesting 48k after topping out around 63k, ETH has been on the move. This is likely the result of the awareness of alt coins growing and the current state of the crypto market. It isn't out of the question...

crawfordpaul

Similar action has been seen in shop since July with selling before earnings which presumptively can be accredited to profit taking. The only exception would be February where there was a huge run up in price before the report, a flop in earnings created a large selloff. With board members stepping down, there is some uncertainty around SHOP and the looming...

crawfordpaul

Following a sharp drop this morning in cryptos ETH is faced with a decision. Currently with a line in the sand at 2235, ETHUSD along with BTCUSD have a wide range they could be subjected to with the implied bottom at 2122 and swing low at roughly 2000. A push past 2235 could spark some aggressive participation and retrace back to its former range between 2320 and...

crawfordpaul

Support and resistance LTNC. A push above .085 can create a squeeze and the low volume distribution at .047 is a pivot.

crawfordpaul

Shop dropped all the way to 1006.21 when the market plunged in March. Since correcting 32% from its all time high, SHOP has been strong as the tech led rally continues. Its earnings are coming up this month and it has showed strength throughout April. It is also trading right above its January range which should serve as a strong support.

crawfordpaul

WMT flopped its fourth quarter earnings in 2020 announcing -.74 cents a share. I expect a report with a lot more strength with integration of E-commerce into it online store models as well as less fear surrounding COVID-19 creating boost in sales. With only 1% of shares floating short, The slow grind up, which has been evident since the middle of March, is likely...