MillionaireEconomics

MillionaireEconomics

Today you can review the technical analysis idea on a 1D linear scale chart for Tesla , Inc. (TSLA). On November 11, 2022, I posted a concerning chart for Tesla stock. Since that point, Tesla stock is down 42% and still looks concerning. I noted various support areas on the chart including a long term trend line that may help create a possible bottom for Tesla...

MillionaireEconomics Updated 

Today you can review the technical analysis idea on a 1W linear scale chart for Robinhood Markets, Inc (HOOD). Robinhood price has broken out of an ascending triangle and re-tested the resistance heading lower. Measured move could bring the price down to $6. It is a weekly chart so it may take some time to get there. If you enjoy my ideas, feel free to like it...

MillionaireEconomics Updated 

Hello friends, today you can review the technical analysis on a 1D linear scale chart for Coinbase Global, Inc. (COIN), a stock traded on the Nasdaq exchange. Please review the chart as it is self explanatory. The overall pattern is a bearish one so there is concern for potential downside. Also noted in the chart: Volume, Support and Resistance Lines, RSI...

MillionaireEconomics Updated 

Today you can review the technical analysis idea on a 1D linear scale chart for Coinbase Global, Inc (COIN). Coinbase price is around the major support and resistance line and has the possibility to head lower. Price target is $17-19. If price moves higher, it could go as high as $85-87. I am not confident of the price heading much higher. Including in the chart...

MillionaireEconomics

Today you can review the technical analysis idea on a 1W linear scale chart for Bitcoin (BTCUSD). Bitcoin price on the weekly chart shows some concerns as the 200 and 50 SMA looks like it will be crossing forming a Death Cross. This would be the first time a Death Cross happens on the weekly chart for BTC in its history. It is estimated to happen in between...

MillionaireEconomics Updated 

Today you can review the technical analysis idea on a 1D linear scale chart for Tesla (TSLA). Tesla is below a major Support and Resistance Line and now the price has the potential to fall to the $167-$170 range where there is major support. Anything is possible in these markets but the trend is your friend and currently the trend is heading lower. If you enjoy...

MillionaireEconomics

Today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). The Bitcoin price looks like its forming a lower high as part of the downward market structure. There is a chance for the price to go higher as shown in the chart before heading down lower. Targets shown in the chart. To support the analysis, I have included the...

MillionaireEconomics Updated 

Today I am charting the The US Dollar Index (DXY) on a monthly chart over a multi-year period. The chart shows a long term descending parallel channel (generally bullish), which the DXY has been trading in. The chart shows major touch points where the DXY is either supported or crosses support and resistance lines on the multi-year period. Currently if DXY heads...

MillionaireEconomics Updated 

Today you can review the technical analysis idea on a 1M linear scale chart for the Dow Jones Industrial Average Index (DJI). In the chart, I added in the RSI as well as review the Great Recession history to get an idea of where the DJI is headed. It seems that the DJI has been moving up an ARC with a possibility to come down and touch it again. It is currently...

MillionaireEconomics

Today you can review the technical analysis idea on a 1D linear scale chart for Ethereum (ETHUSD). Ethereum is inside a triangle looking to complete a formation of a potential Bear Flag Pattern. The measured move of the Bear Flag formation is under $600. The price currently has two paths by either staying inside the triangle until completion or headed down. I...

MillionaireEconomics

Today you can review the technical analysis idea on a 1D linear scale chart for Ethereum (ETHUSD). Ethereum is inside a triangle looking to complete a formation of a potential Bear Flag Pattern. The measured move of the Bear Flag formation is under $600. The price currently has two paths by either staying inside the triangle until completion or headed down now....

MillionaireEconomics Updated 

I am providing four support areas for Grayscale Bitcoin Trust (GBTC) in the event that BTC starts to drop significantly. S4 meets the long term bottom trendline, which has the strongest support. I added in VPVR to show volume clusters. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin,...

MillionaireEconomics

Today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD). The Bitcoin price looks like it is about to break out of the triangle very soon. Looking at the movement of price in the past few months, there is a stronger possibility for the price to head lower out of the triangle forming a bear flag pattern. The measured move...

MillionaireEconomics

Today you can review the technical analysis idea on a 1D linear scale chart for Geo Group Inc (GEO). Michael Burry's investment in Geo Group Inc seems to be paying off. Price may be headed towards $11. Keeping a close eye on this one. Falling channel breakout and above the 200 SMA. Resistance around $11. fortune.com If you enjoy my ideas, feel free to like it...

MillionaireEconomics

Today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin ( BTCUSD ). The chart shows a few dead catch bounce ranges for the BTC price to get to before price goes lower. To support the analysis, I have included the VPVR, Keltner Channels, Ichimoku Cloud, Fibonacci Retracement and RSI. I have been calling drops on BTC since November...

MillionaireEconomics

Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Axie Infinity (AXSUSD). AXS price could drop another 50% to the $2.50 range or possibly lower. Crypto gaming has feel apart as much as DeFi and NFTs, so I am concerned that more drop is coming. The chart is self-explanatory. Included in the chart: Trend line, Support...

MillionaireEconomics

Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Solana ( SOLUSD ). Solana price support lines shown as the price moves lower. There is major movement in Solana related to FTX and other crypto events. My last warning on Solana was in September 2022 when the price was around $34-$35 and now I am targeting $3 price...

MillionaireEconomics Updated 

Hello friends, Today I want to share some prior posts of BTC (Bitcoin), DXY (US Dollar Index) and TNX (10 Year Treasury Yield) that show how I came to my conclusion to liquidate my crypto and stock positions in December 2021 and share the same concerns with my community since November 2021. From this point, I still personally feel we have more downside to go in...