CJMackinnon

CJMackinnon

This chart is based on the Nvidia logarithmic scale. Because of Nvidias explosive move towards the upside these charts can serve as a better way to see the full picture of whats going on. However I find it hard to find price targets because of the way these are done. Nvidia is clearly working inside this massive channel and it's a pretty clear and clean one too....

CJMackinnon Updated 

- Initial Idea Just a follow up on my previous Nvidia idea that I've shared in the link. I am still running my long term short on Nvidia, last week we saw it go sub $400 before rallying back above $450. In this chart there are 2 lines I'm watching. The first is the newly forming downtrend which it seems to be sticking to at the moment The second in the...

CJMackinnon Updated 

I've been short on Nvidia the last month or so from 480, with funds aside to add to my positions if it push 490. My previous trade is still running and the old chart can be found under my idea, everything is still valid in that chart. I decided to make a new chart, as there's been some big moves recently on Nvidia. I have two trend lines on this chart, the...

CJMackinnon Updated 

I've been waiting to go short on Tech recently and using Nvidia as my decider. I went short at 478.5 but only half the size I wanted because earnings report comes out tomorrow (23/08/2023) and depending on how that report come through will decide what direction the market will go. I'm speculating on lower estimations so price will come down, but I've only gone...

CJMackinnon Updated 

Before the BTC wobble I had a target of 0.104 to buy Dusk, luckily we went lower and I was able to get some at 0.099, not the lowest it went but either way happy to buy at this price. I'm gonna keep this chart clean a simple. I'm taking the gamble on Dusk right now, my BTC target was 25k which we went lower than but it's hard to pick an exact bottom and we...

CJMackinnon Updated 

JPM Broke the current trend line and looks to be heading further down. Possible retest of the trend to watch out for. Currently playing on a strong resistance that could turn into a support, If we don't hold this as a support I'd expect a retest of the support at around the $134.33 level, targets are $136 & $135. Trade 1: Target $136, expires 15th September...

CJMackinnon Updated 

This is just a follow up for the chart I have linked above, not sure how to add charts onto my previous Idea so just going with this. Haven't been able to update due to internet issues but everything's up and running now. Went short on Nvidia at 480, it really felt overcooked above this level and so far it has played out in our favour, even after breaking...

CJMackinnon Updated 

Assuming that earnings report is better than expected I reckon the price could retest the highs on $180 which is where there is alot of resistance at the moment. NYSE:SNOW seems to be working along that Daily trend line, bouncing every time it's hit. Stop loss just below the Trend line, gives us enough room for a potential wick down. Trade: Long Entry -...

CJMackinnon Updated 

"I am not a financial advisor, I just trade for myself and publish ideas to see how they played out for future reference" So there's a lot of noise about the next big crash coming, which I think most will agree with especially with the way things are right now. With the S&P 500 Rally being moved heavily with the tech market and AI bubble I believe that this is...

CJMackinnon Updated 

Broke out of the channel and has failed to hold 2 supports. Following a clear Downtrend on the hourly Entered short at 0.78, will add a SL just above S2, if we break S1 will try a close out the position on the retest is SL isn't triggered. Target for this short is 0.65 area, will setup a SL at 0.67 if 0.65 target is it and see how much further we can ride the...

CJMackinnon Updated 

*I am not a professional and am using this platform purely as practice* Here's a chart I drew up with a possible bull case for BTC, Any feedback would be greatly appreciated. If this does play out and we break key levels back towards the high 50Ks I'll slowly start selling 25% of my positions every week until I'm fully out. I believe there is one last push for...

CJMackinnon

Haven’t seen anything of late on the charts that has got me optimistic, however this wedge forming looks bullish with a target of 34k, reclaiming 34k is a strong level to take. S&P500 is looking pretty poor recently so any TA could be wiped as we look to enter a global bear market, money is made in a bear which is always important to remember, look at bear...

CJMackinnon

Just an idea, let’s see how this plays out! Using the average price movement from the past ranges this gives us a target of $73k BTC by July 2022. This is just an idea and publishing it so I can come back later and see how this actually played out.