idontknowwhat

idontknowwhat

Bitcoin is hanging onto strong horizontal support by a thread. There are regulatory challenges, with bad news coming in from the SEC. Then there are the reports of fake trading volume on Binance implying that Bitcoin is far less traded than people previously thought. Given this news, can expect more outflows from Bitcoin and selling pressure on the price. To play...

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Obvious triangle is obvious. Of course, anything can happen. This is tagged "long" because a buy below 30k (ideally around 20k if it gets there) is probably the last chance to see 3-5x+ gains on Bitcoin itself for a generation.

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One of my favourite stocks, BYD, has corrected quite sharply due to a pullback in China stocks due to stimulus ending - over 40% from the top. I believe we are forming at least an interim bottom and now's a good time to add to the position. BYD is a profitable electric car company with huge potential which is still valued far less than the likes of TESLA. It...

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Some kind of decentralised pump was "organised" on XRP sending it to ridiculous highs, despite the fact that its fundamentals were dire. Longs have been punished with a 50% decline in a matter of hours from ATH, something almost unheard of in recent times for larger market cap crypto coins. Who knows if it was organised Anyway, I'm long around here until 0.45-0.5.

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Just when the dump couldn't get any worse - Trump announces a trade & cargo ban between the EU and the states - rattling markets even more. We dumped below the channel, and the 200 weekly MA which has defined this whole bull market. However, we can see a bounce is in the work. Everything depends on the US market open. I believe if we can see one bit of good news...

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Despite all the bad news and sentiment surrounding GPRO, I think it may have found a bottom here. We can see that with each major bottom over the past couple of years, it has created bull divs. At the curent floor of 3.5, there appears to be a decent amount of demand as shown by wicks on the weekly chart. We can assume that as long as there is hope for this...

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I don't know how it happened, but I'm seeing some pretty clear EW structures. I'm not a big fan of EW, but when I see EW structures starting to appear, I tend to believe them due to the whole self-fulfilling prophecy thing. Thus, we might retrace to 9200 before reaching our final high at the main top trendline.

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One of my favs: BYD, starting to see movement now that Cov fud is dying out. $BRK.A bought a stake in 2008. In China, you'll notice taxis in many cities are all BYD EVs, yet this stock hasn't seen the love $TSLA has. It's also worth mentioning it's a profitable company. Balance sheet looks okay-ish, and it should be a big winner during the big switch to EVs (also...

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We have our reversal signal, golden cross on weekly EMAs (10/21) is also incoming. A basic retrace would suggest a $560 target based on the fib level. I would also take some profits at the first fib level ($350) just incase. But other than that, I would say risk reward is decent here, a potential 100% profit. As for the stops, this is highly subjective. If it is...

idontknowwhat Updated 

XRP has been in a very nasty parabolic move downwards for a few months now, with almost no relief bounces (or at least, very short ones.) I believe this move may have finished, due to the lack of bearish momentum, the huge RSI bull divs and also the fact that despite BTC gaining like crazy this past week, XRP has held up well after an initial drop I think a...

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Sometimes, it's better to keep things simple. In this case, the 21 weekly EMA is an obvious indicator of whether we are in an uptrend or not. A decisive break above this has almost always resulted in an uptrend, except when a dead cat occurs just after a major top. Therefore I think the current 21 EMA @ 4500 is the current major resistance. Of course, below that...

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There's been a lot of talk of this bull flag failing and BTC "barting down" to new lows. However, although it looked like the bears had a shot yesterday, I think they've missed their chance. Targeting 3900, around the weekly 10 EMA.

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(1) Price slowly decreasing along with volume, suggesting lack of downwards momentum (2) MACD on daily looking great - three gradually smaller humps (3) Almost textbook falling wedge pattern Feeling rather confident about this one, RW is good assuming you place a stop around 3200. Targets: It's hard to place a target. I would guess that first target would be...

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Short everything. People laughing and feeling happy about their 5500/5000/whatever bids being filled - they will end up upset. We can see weekly MACD crossing bearish with almost no upwards momentum the past few weeks. The pain will be extreme. Target: 2000-3000 within 6 months.

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anyone knows what it means when a broken down falling wedge fails? TP $27, 30

idontknowwhat Updated 

We're looking at a >6x opportunity here. A double top seems to be forming Stop: ~$4.1 TP: ~$2.2, ~$2.7 - RSI bear div on 4hr and daily. - MACD flipping over with bear div on 4hr, seems to be slowing on daily. - Descending volume the whole way up - Longs through the roof with absolutely no stopping - Seems to be losing steam this rally Stop loss is above double...

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I have found an interesting setup on ETH, combining both fib levels and horizontal support/resis. After we broke the last major low (around 360ish) it has been pretty much non stop until 250. An incredible fall. One that left a lot of panic, and gave us an all-time-low on the daily RSI . I see this as an opportunity. A simple fib retrace lands us near that old...

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Starbucks has been in consolidation for quite a while. I believe it's due for a breakout, but due to macro issues - it hasn't been able to. Earnings season has come, and earnings are showing very positive numbers. Assuming SBUX follows suite, it could trigger a breakout, which will in turn trigger a mid-term rally opportunity. Note that this is assuming macro...