The_Bitcoin_Boy

The_Bitcoin_Boy

Assuming you took profits into the halving rally, we'll need a plan to redeploy. If we hit a new ATH before hitting the lower support levels, then the plan resets and the 1x buy will once again be at the first 10% dip. Happy Trading.

The_Bitcoin_Boy

If this lower trendline can hold, this is a great buy opportunity for SNOW. My fortune 500 employer has adopted snowflake and I've read their licensing agreements are more profitable and sustainable than competitors. I have opened a position at these levels. Fundamentals have also been trending positively if you look at their revenue and EPS.

The_Bitcoin_Boy Updated 

With the daily RSI over 80 and the weekly over 70, it feels safe to take profits and hopefully re-enter lower. I have done this twice already around the 30k level. I didn't expect the price to go as high as 36k, as I sold about 80% of my bag with an average sell price of 32.5k. However, I think it's very likely we'll see at least 30k again. If price...

The_Bitcoin_Boy

Both my last short term predictions flopped, so here is my big picture plan for creating generational wealth. A recession won't transpire until the unemployment rate rises, but this is already underway.

The_Bitcoin_Boy

Ethereum continues to bleed against Bitcoin. I sold all of my ether around $1,800 last year during the 'buy the rumor, sell the news' merge event and haven't rebought since. I'm waiting until the ETHBTC ratio dips back below 0.04, and ideally on a USD pullback below $1,300. As usual, patience is key. Currently, I'm 70% cash after the bitcoin pop, with plans to...

The_Bitcoin_Boy

Bitcoin grows at the rate of global awareness and with the frequency of 4 year breaths (2 year exhale, 2 year inhale), and trading this is a game of patience. My doge and cardano ideas were playing out well, so I thought I'd share my vision for bitcoin for the remainder of this cycle. I've been reluctant to post this bc my BTC chart gets convoluted, but I've...

The_Bitcoin_Boy Updated 

Here is my view on Cardano over the next couple years. The white line portrays the general path I expect ADA to take to new highs, which will be kickstarted by bitcoin's halving estimated to be in April 2024. Price deviations above the yellow/medium or red/high risk bands could suggest profit taking. Additionally, in Cardano's last crypto winter, it was...

The_Bitcoin_Boy Updated 

Here is my view on Dogecoin over the next couple years. Note, this idea is similar to the one for Cardano I put out, which is another altcoin who has survived AND grown over 2 cycles, unlike many. The white line portrays the general path I expect DOGE to take to new highs, which will be kickstarted by bitcoin's halving estimated to be in April 2024. Price...

The_Bitcoin_Boy Updated 

This started as halloween theme colored TA and turned into a haunted house idea. Let me explain. The turquoise lines are the descending resistance, which we've now broken through and backtested. This is bullish. The purple channel represents the next horizontal resistance at the breakdown point. Once we wicked through this region, the resistance is lost...

The_Bitcoin_Boy Updated 

Alteryx has strong fundamentals and is actually being adopted at my own F500 company. It was recently oversold on mixed earnings report. Short term: 1-2 months A likely retracement to the .382 fibonacci level or the 200 day moving average would yield 40-60%. Long Term: 2+ years I expect, like most stocks, they will revisit 2021 all-time-highs in 2 years after...

The_Bitcoin_Boy Updated 

Fundamental Analysis: SentinelOne's fundamentals are strong given their revenue has only been increasing since their IPO. Their earnings are still negative for the time being, but only barely as they focus on growth. Technical Analysis: I believe this stock was oversold on mixed earnings and will rebound strongly, signaled by the RSI dipping below 30. The price...

The_Bitcoin_Boy Updated 

Enphase is a solar company that's been growing strongly, fundamentally. What I particularly like about this stock is that unlike most others, it has been making new highs in 2022. Technically, it's sitting just below it's 200 day bollinger band and is due for a bounce to the mean, but may very well put in a new high. Note a Q3/Q4 recession would likely bring...

The_Bitcoin_Boy Updated 

While many people love this stock and company, though maybe not the CEO, it is still up 1,000% from pre-covid levels allowing it much room to continue lower. Despite the passion for Tesla, investors are rational and chase yield, which Tesla is currently not offering. I copied the fractal from the prior stock slide, which so far matches up well, and shows a...

The_Bitcoin_Boy Updated 

Virgin Galactic has and faced numerous financial and operational struggles, including the backruptcy of it's subsidiary Virgin Orbit. However, this company is set to commence commercial "space flights" this 2023 Q2. There has been an uptick in stock price action lately, as I believe awareness is spreading. Short term: 1-2 months I expect the stock to pop short...

The_Bitcoin_Boy Updated 

If we look at the market caps of doge per btc (doge / btc), it appears the bottom is in for the altcoin, relative to btc. I believe now is the best time to accumulate while the price is between .07-.05 A price of .07 is roughly -90% from the all time high and at .05 it's -93%. I don't see the price going any lower given it's a top 10 cryptocurrency, excluding...

The_Bitcoin_Boy Updated 

Exponential patterns are difficult to predict, but here are a few reasons I could see this playing out with a 20% likelihood is my guess. 1) The prior-midcycle peak extended all the way up to a 30% drawdown from the prior all time high. If this rally even only goes to a 40% drawdown to account for diminishing returns, it would put Bitcoin at around 40k. 35k to...

The_Bitcoin_Boy Updated 

JinkoSolar has strong fundamentals and has been filling out a massive bullish pennant. It is currently at the lower bound of this range after just reporting positive earnings, putting it in a low risk, high reward zone. Happy Trading.

The_Bitcoin_Boy Updated 

Cloudflare has strong fundamentals and was recently oversold to nearly the lower 200 day 2nd standard deviation. A reversion to the 200 day mean yields 30% (my estimate: over the next 1-2 months). A visit to the all-time-high would be 420% (my estimate: over the next 2 years). A recession may force it lower, however.