Bitcoin bears have been getting wrecked for the past few months, but I think Bitcoin is finally forming a peak here. I'm willing to take my chances and will exit my trade if BTC continues to show bullishness above $64k. So far this week Bitcoin has increased by GETTEX:14K in just 3 days. I shorted at $62k, the price is now above my entry at around $62.9k. I'm...
NASDAQ:AMD is currently above a resistance level, and I think the price is very overbought here. There is still some bullishness short-term, but shorts have been getting wrecked and I wouldn't FOMO here. Maybe there could be a short trade setup once AMD stops trending up. I like the current price levels for shorting. I believe semiconductor chip stocks have been...
Options Puts Trade This is an options puts trade setup above $229.26 resistance. SNOW has already reached the first price target, I can see SNOW dropping down to around $152 - $153 over the next few weeks. SNOW Declines by 20%+ After Q4 Earnings Snowflake Inc. (NYSE:SNOW) concluded its fiscal year 2023 on a high note, surpassing earnings expectations with a...
Technical Analysis SPCE is starting to show some bullishness and strength here. I think SPCE will continue trending up, and my key price targets are $2.15 and $2.33 on this move up. A lot of stocks have experienced huge gains after earnings, if SPCE has a similar situation I can see a move up to the $3.07 to $3.47 resistance zone. I wouldn’t count on it, but that...
Technical Analysis MPW has been showing some solid bullishness out of the buy zone. There has been 6 consecutive green weekly candles so far including this week. MPW is forming a bullish breakout above this light blue trendline and orange resistance zone. I think there will be a pullback at some point, but for now the trend is still bullish and $4.60 is the key...
NVAX Technical Analysis NVAX has been showing some solid bullishness since settling the Gavi dispute. NVAX is pumping out of the buy zone, and there has been a bullish breakout above the light blue resistance line. The key price target ahead is the green resistance line ($6.36), a yellow resistance zone ($8.20 to $8.46), and a red resistance line ($10.23). I have...
CRYPTOCAP:BTC has traded sideways within a range with resistance at the white resistance zone (around $44k) and support in the green support zone around $40k. CRYPTOCAP:BTC has lost support at $40k and is at risk of a steep drop. Altcoins will get wrecked here too. Price levels on the way down: - The white trendline at $37.5k is the next key support level...
TSLA opened green despite the bearish news and sentiment over the weekend. We have not reached the green support level yet, I think there could be more downside this week. A bounce above support would be bullish, I'm still monitoring for this rebound to turn into a dead cat bounce before a move lower down to ~ $170 over the next few months.
XOM is at risk of losing support here. There was hope in OIL prices spiking due to the Red Sea crisis, which is affecting shipments of oil tankers. In terms of price action, XOM is at risk of losing support at this yellow support zone. I think we could get some tricky price action with a dip below and a bullish rebound.
It's not looking too good for NASDAQ:TSLA holders right now. TSLA has 6 rejections off the yellow resistance line and has been dropping rapidly after the most recent rejection. The green trendline ($207.50) is a key support level on the way down, and there is likely to be a dead cat bounce there before further decline. For now, $207.50 is my short term price...
MAXI ETF seems like one of the more interesting ETFs to invest in. So far there has been a simple trading range along this upward channel. However, I think that there are some bearish signs for MAXI with the price failing to reach the upper range of this channel during the recent uptrend. There is still the possibility of a move up to retest this upper channel....
- Selloff to start the trading day - Potential reversal forming around $46.63 with wicks below - Low trading volume = $4.3 million and counting
- Selloff to start the trading day - Potential reversal forming around $25.57 with wicks below - Low trading volume = $2.6 million and counting
- Selloff to start the trading day - Potential reversal forming around $40.55 with wicks below - High trading volume = $12.5 million and counting
- Selloff to start the trading day - Potential reversal forming around $26.87 with wicks below - NASDAQ:BRRR Bitcoin Spot ETF Performance After Jan 11 DebutLow trading volume = Only $737k and counting
- Selloff to start the trading day - Potential reversal forming around $46.15 with wicks below - Low trading volume = Only $510k and counting
- Selloff to start the trading day - Potential reversal forming around $13.25 with wicks below - Low trading volume = Only $508k and counting
- Selloff to start the trading day - Potential reversal forming around $49.48 with wicks below. - Very low trading volume = Only $75k and counting - AMEX:BTCW has the lowest trading volume so far, least buyer interest it seems