been some FUD for a while about tether backing having CP in evergrande
we're going to find out very soon if that's a thing.
will be watching this chart, along with USDT market cap to see if there are any systemic risks due to this.
Either this continues to flag out with 58 holding, or we get a nice little stop run to 56.30 which is prior resisance along with the anchored vwap from the start of this rally.
The first one is more likely and a better quality setup, as if the stock roundtrips that entire green candle then you're going to have some stuck longs that will make it more difficult to...
I don't want it to but right now we could see a swift move sub 50 into massive support levels of the year.
Look for some kind of a bear continuation pattern develop over the next few weeks for us to hit that.
If that's tagged, Feb 60 calls up on deck.
Clean breakout on a stock that I stared at for months only to see it move big without me.
I'm probably not the only one, and it's very possible here that we see a high and tight flag. The odds of a full retracement right now are pretty low.
Proxy risk for potential FCX long
We've got a key pivot level right here that has attracted liquidity demand this year.
For FCX trend to continue, you don't need to see copper go up, just that the higher prices sustain themselves.
We've got 38-39 as a level where sellers have stepped up, effectively the entire year. Was the local peak in Feb, and has held through the summer
We're above the AVWAP from highs so buyers starting to look like they're in control here.
SNAP earnings left a decent gap down, back to the recent swing lows. That gives us 3-5 days worth of trapped longs to work through.
There's a real possibility that we just see a lower low divergence where the selling is truncated and we start establishing a new trading range.
What I'd really like to see is a good selloff down to the 300 area. That's where it...
BTC Miner. Potential j-hook setup developing with the massive impulse move higher this October.
The AVWAP from swing highs currently holding as where sellers are stepping in. A clearance of that could easily lead to some good upside.
This probably needs to get chopped up, let some premium burn out of the calls, churn some people out, and once everyone's...
After the exhaustion gap down, the average buyer is currently at where the stock is trading. If there's a lift, then we can see a nice push into the avwap from the Jan 2021, the vpoc from the Jun 2020 parabolic run
This is a trashy stock so make sure you know what you're risking.
avwaps from both the jan highs and the post-crash lows are just underneath price
the avwap from the march high is just above price
buyers keep showing up at the bollinger bands
implied vol and realized vol is at levels not seen since before the parabolic run in Jan
option buyers have been smoked for about 3 months now, nobody wants to buy them, that gives you an edge.