matteophone

matteophone

Hello All, AMEX:SPY to bounce off $425. Until then likely will complete some semblance of the H&S pattern formation (Consolidation and Bearishness trend then). Actually soon would be good time to enter very short term bullish verticals to take advantage of the whipsaws until $425 when markets very over extended. Until $425 OTM Calendars as well as OTM puts...

matteophone

I rescind my previous " long " on crypto. As we can see, the decoupling between crypto and equity has begun. Although I am not here to say how long it will happen, or exactly why it is happening, I know that as long as ETHUSD keeps falling, BTCUSD cannot compete with $SPY. A theory is because stable coins were crashing , and NFT's are doing the same . I mean,...

matteophone

In bear markets, the potential for upswings are immense. I am not saying this market is done falling... Yet. I believe $BTC around 26K is a great opportunity to buy and hodl. Since 2012, all major BTC crashes have net averaged ~ -63%, with most around net ~ -50%. We are now down about 63% from BTCUSD highs in early November 2021. I think now (If generally a...

matteophone

Although I am titling this idea as "Long", this is more neutral than long, although it is geared towards Long. As we can see, many stocks such as $FB are down nearly 50%. This includes $NFLX and many others. That being said, $SPY is only down about 17% , far less compared to many other major stocks (AMZN is > 40% down from its highs!). One of two things are...

matteophone

Hello all. Based on my analysis, we have strong resistance along the 45 degree fan angle ((showing up as 60 degree angle on my chart as it does not adjust to my zoom, try clicking zoom out button twice so the bottom diagonal line aligns with first retracement and mar31st bar)) . On top of this, we have seen tests around the $279 and may remain consolidating...