Man this thing dumped right as I entered, this is an important visualization of my initial entry and how important averaging in can be. I waited for the stock to hit the demand zone for heavier DCAs. I went with 25$ June calls here. I actually added more to the position today as well since we are now deep in demand. I expect a quick pump from BTC to all-time highs...
INJ is displaying another long consolidation phase similar to what we saw last year. This previous consolidation was about 28 weeks. We still have another 10-11 weeks for a repeat structure here. This would put the major breakout in early July. This assumes we do not get a major BTC pump which is possible next week. -My long term network effect targets...
ES and the sp500 reach a potential pivot zones towards the weekly demand zone. Previously I had drawn the demand zone last year thinking we would never hit it again but we took a little nibble then bounced. I believe this might happen again here with a small zone, not as deep. A touch of 5130 is likely, potentially as deep as 5090. -I am only buying value stocks...
Hammond is my largest single stock holding for obvious reasons. We just hit the 1.618 fib, I have been searching heavily for any pullbacks on this stock and we simply arent getting them. Analysts are now projecting 170$ targets. If we are going to pull back it should be around now since this is a very key extension level most of the time. -Short-term bearish...
There is a potential pivot here in the free falling 3ull that broke down from the greater wedge. I thankfully took my initials out on the pump with some profits. My plan is to hold this for the next big multi-day move and likely exit as I have not liked the momentum fall off. I would rather just hold AVAX. This is a lesson in why covering initials on many plays is...
W is forming a range as this initial airdrop is finished. Anything near the median is a potential buy zone, however I do not like to buy tokens this new. More research is needed. If this plays out like TIA we will see a 5-10x in the next few months. I do not agree with selling airdrops during bullish markets. -I am not super interested in HODLing this, but would...
BTC broke this wedge early this am on strong volume. Generally you want to see an entire thick bodied candle to confirm a breakout, this happened plus this additional massive candle. This is the upside I was hoping for with my CLSK call setup I entered last week. A strong reversal in stochastic is noted. OBV not pictured is back to a bullish trend. The BTC halving...
Pendle continues to exceed expectations. For those who do not know my Pendle was unfortunately drained a week ago and I lost my entire bag (never has happened to me before). I will continue to cover this amazing token as it is still one of my favorite projects in all of crypto. If I ever see another entry Like we saw on that 2.5$ dip I will re-enter. -My price...
Metis reminds me of averaging into a value stock at this point, albeit more volatile. The overall trend is definitely up, but with extreme leverage in play. For longer-term minded holders this demand zone is a great buying opportunity. For shorter-term traders this offers a great spot for swing trades utilizing other metrics. Short-Term: If I were playing this...
RNDR is finding footing on a new weekly fib extension I have drawn. The momentum trend is around 8.6$ as well. A bottomed stochastic, uncertain markets lead to high volatility. Remember, many people yelled at me when I took a sliver of profits with RNDR and INJ pumping obnoxiously, and here we are in bloody times. I will admit even I am not enjoying this dip and I...
AKT like many alts is forming or has formed a huge cup and handle. This price action is wild to see, the same draw down that happened before the last crash happened all over again. The crash dip was an 46% move, the dip we just saw was 37%. If we retrace all the way back to the golden fib we have another 20% downside. My short-term target remains in the sevens....
I am prepping another FTNT trade leading into earnings. As we hit the top range of the gap and fell a wedge forms. A purple momentum trend needs to be retaken. This candle looks to be an inside day as well, during this generally bullish long-term trend I think we are more likely to continue to go up than down. -I am eyeing June 80$ calls here -I might enter...
I have decided to cover my initials since I am up 500$ per contact on these 70$ Jan calls. I am able to utilize this cash for more CLSK limit orders on the dip. I plan on keeping the other 66% of my OXY calls until at least my initial yearly target of 74$. I will then layer out and lock in the win. Congrats to anyone who used demand zones to buy into this...
AVAX, one of my largest holdings is finally in the daily local demand zone. I am starting to add heavily here as there are multiple converging supports in this price range. We approach the 100EMA which is typically a very strong support. We are hitting the demand zone (again support) , the real like is a diagonal support. A bottomed stochastic points to a reversal...
Altcoins continue with downside and pressure as BTC dominance rises, the only alts pumping right now are Bitcoin related alts. Another test of the golden fib here to the downside or 600B market cap, this would be a brutal correction, it already has been for many alts. I do not expect us to fall that far but a meaningful correction into the halving makes sense.
SNS like many alts has made its way down to the local demand on the daily. This is definitely an average in zone if you are interested in the token. This assumes BTC doesnt have another dump, then daily demands will need to be switched to weeklys.
CLSK is deep into the demand zone here and ripe for a call setup. I was caught off guard with this sudden flash dump as you can see my first entry was higher than normal for my liking. I chose June for calls for this very reason. I was able to heavily lower my average as CLSK dipping into a local daily demand zone. I still think the 25$ june calls are a buy...
Gau has been a performer for sure over the past few weeks. I mark my entries with green dotted lines. The token has built a supportive structure as it pumps slowly, I prefer this so there are obvious fallback zones. Another push for 18 cents is coming soon. I expect 35 cents in the next few weeks.