emehoke

emehoke

Algo is doing very well, and hopefully will continue to do so. Lots of crypto currencies are showing timid signs of life. Would be great to see another seasonal crypto move. with bitcoin leading the charge it seems like a definite possibility.

emehoke

russell is headed down along with the other major indeces. could be a dip buying opportunity.

emehoke

will VUZI find the bottom? hard to say. To bet on a reversal, I want to know that other buyers are moving in as well. The volume and the OBV show me that buyers are not yet interested. Again, anything can happen, but this is what you are supposed to be checking before jumping in. ----- VUZI is a stock I was watching closely earlier in the year. I became...

emehoke

zoomed out to notice the larger picture impulse and corrective behavior. a 3rd impulse would be the "right" thing to do according to elliot wave.

emehoke

The default way I look at the market is that it's always going up. That is why I mark up charts with a bearish bias. Not saying I think this is what will happen, but this is how I attempt to cover both sides.

emehoke

all markets are trying to climb out of the hole this morning. they could do it, but with a selloff fresh in our memories, it is very hard to be a buyer, knowing that at any point the sellers could regain their confidence and try dropping it again. From a risk management standpoint this lowers the probability of finding a stop loss in a protected area. with the...

emehoke

ethereum picture is playing out to be a very bullish market. Always fun to look at a market and see healthy bullish behavior. Much less mystery involved in bull markets.

emehoke

nasdaq is dropping pretty hard this morning. all markets are getting sold into. right now it is very hard to feel like it won't go lower.

emehoke

bitcoin will almost certainly break through 50k eventually. the picture is wildly bullish still. Even though it is showing some weakness, in my opinion it is shaking out the weak longs. I've been wrong before, I'll be wrong again, but I can't see the world where bitcoin gets stuck beneath 50k for good.

emehoke

rty could break resistance and look for an extended bullish move, or it could fail to break resistance, stay in a range, and open the possibility to newer lows down the line.

emehoke

markets made a fast drop during the day session yesterday, collected, then dropped again. This means there was a higher than typical seller interest. Blood is now in the water as they say. If there was ever a day fit for selling it might be today.

emehoke

price will almost definitely attempt to go lower. If it fails to do so, there could be a big buyer surge.

emehoke

RIOT just has to clear a little bit higher then it will likely be a runaway train. Take a look at MARA. You can see it has a really similar price story, and it is tilted slightly more upward. MARA was the definite winner between the two stocks at this stage, however, it looks like both have support from the bull community.

emehoke

I can't possibly come up with a reason that bitcoin drops a lot further. Even if it does it would be fine because there are so many separate support levels that would all offer a good chance of buyers stepping in.

emehoke

reversal formation spotted, and spike low could be viewed as a search for liquidity before rolling higher.

emehoke

it might just be a collection lower, but several days of price not going anywhere. Might be ripe to go lower. The volume profile worked well in this case.

emehoke

here is a picture of bitcoin with some zones drawn in. what will bitcoin do? nobody knows.

emehoke

nasdaq made a new high overnight, it looks like there is decent support, but lets see how well that holds up in today's session. at the moment it is impulsing higher, and correcting lower, maybe that continues and it just keeps going higher.