After a very impressive 50% plus price gain following QCOM/AAPL dropping their beef, the price now looks primed to short. Sub 80 by end of this week or next? Odds look good!
ACB closed below the green trend line on the daily. Target 1 $7.68 Target 2 $7.31 Target 2 $7.20 Target 4 $6.32 Cannabis is an emerging market and while it will be quite big in the future, I wouldn't expect cannabis stocks to necessarily reflect that growth. Case in point. I live in Colorado, which is arguably the Amsterdam of the US, when it comes to...
AAPL - Apple This is actually an old chart I drew for a friend (who longs AAPL), suggesting he sell when the price broke the trend line. Here we can see the price was squeezed right up to that same trend line (now resistance) on May 3rd's epic short squeeze and the price is now in retreat. Looks quite oversold here. QCOM is another good Apple proxy short currently.
RIOT puts have been doing awesome the past week :) Why is RIOT a piece of shit and why should you short it? Well, namely they fund their operations through share dilution. Management is also highly inexperienced. Oh, and I think they defaulted on a loan or something? I know they gave a lender a whole bunch of cheap warrants to exercise around the middle of...
SNAP looks bearish as fuck 4HR and my honest hope is the price holds just long enough into open that I can score some cheap 5/3 and 5/10 puts. Better yet, the price spikes slightly to 11.30 and sells off from there. Okay, so let's break it down. Bear flag, clear as day. Other notable mentions would be rising wedge, rising price on declining volume and...
NIO, or "Cheap Chinese Tesla" as I call it, turned bullish and has entered the long zone today. This is one to watch this month. Now, I think NIO is a strong play for the next 12 months but there is also the potential it could reverse one last time still. Or, more likely in my view, a push up, followed by a decent pull back. I am not a long buyer until the...
Looking at the total market cap, excluding Bitcoin, alt coins can be seen approaching the end of a wedge. My guess though is the Alts are about to take off and very soon. This same chart, on the weekly shows a very compressed wedge. Various alt coins are at their geometric and mathematical lows, primed for a breakout. Breakout could be either before the close...
Price broke the trend line and has been on the decline ever since. Could see $5.27 Buy some puts
NIO, or "Chinese Tesla" as I call it is a Chinese Electric Vehicle stock. The company also provides mobile charging stations throughout China which is a nice hedge considering the current gluten of Chinese electric vehicle startups abound. From a technical: TA is somewhat limited on this stock due to it's young age and lack of a history, other than the falling...
RIOT, one of the few crypto plays available through NASDAQ. Options trading too. Looking at the Martin trend, you can see RIOT turned bearish late last week following the news of Bitcoin/Tether fraud. (Old story) Stoch and RSI both say buy but our momentum indicators say sell. I bought some $5.50 and $5.00 RIOT puts last week that are already in the money. But...
Well that didn't work out. EDO broke down instead of up with BTC's mythical golden cross. The good news for EDO is it's throwing some heavy buy signals. Based on a convergence of multiple fans and applying some fib time, EDO looks like May 14/15 for a break out. Or break down again. This coin is tricky.
Okay, so please forgive my crude drawing of a Trojan horse here. But this sort of bull trap that could be in play just reminds of me a Greek tragedy. Okay, so a lot of fuss has been made over BTCUSD forming a golden cross yesterday. But considering that golden cross ONLY happened due to the initial $100M mega pump. Let's talk about that pump. The short version...
Gan Fann, when combined with Fib time lines help us estimate the likely time and price points breakouts can occur. The tricky part with applying fanns however is they get messy quickly. Four fans are displayed in this example. What this suggests is on or around April 18th we'll cross a fan line, followed by a fib line on on or around April 21st. One way this...
1 minute ago NIO - A Chinese electric vehicle manufacture. Beyond that, I don't know anything on this company's fundamentals. I picked up 500 shares at $4.75 based purely on technical s. (Namely, that NIO appears very oversold) Also picked up some $4.50 calls expiring 4/26/19... figured, why not? Price target of $5.50 to $6
Looks pretty oversold here. This coin likes to pump and form long wicks, making profits or losses occur very quickly. I'm thinking the next 24-48 hours but could be delayed by a week. Low volume coin. Price bounced perfectly off the .618. Lots of indicators flashing buy, even on the daily now. Targets are the boxes in order of difficulty. Blue is my tippy top...
I love how crypto and markets in general are fractal in nature. Great example of a small bull flag on the 15 min.