Heist_FlyZ

Heist_FlyZ Updated 

Ethereum is still unable to break through 2000 again, which indicates more likely a further decline. In general, the picture looks like a big flat from $1k to $2k. If the support at 1700 fails, the next target will be 1500 (trend line). Short @ 1900-2100, SL 2300, TP 900-1000.

Heist_FlyZ

BTC Dominance: ETH/BTC: A few months ago I mentioned that big money would flow from altcoins to Bitcoin. So far, this is what's happening and most likely continue to happen. But now I would like to add a few words about the most important altcoin - Ethereum. I've attached two charts above to show why Ethereum will lose to Bitcoin (in terms of market...

Heist_FlyZ Updated 

Judging by the latest news and the technical picture in general, the bear market will continue for at least another year or two. Right now we are in the middle of a flat bear market and with a high degree of probability we will reach the level of 700-800B by the end of this year. Ethereum should retest the level of $900-1000, but Bitcoin may not go much below...

Heist_FlyZ Updated 

For some reason, many people believe that altcoins are about to start a new rally. But what are the reasons for this? Judging by these two graphs, BTC dominance could start skyrocketing after breaking key level and more and more money will flow from altcoins to BTC. Money is extremely expensive right now due to high interest rates, a recession may be around the...

Heist_FlyZ Updated 

It’s probably worth starting with the fact that I don’t think that everything will fall right down and there are no interesting ideas. I just think given the fed continuing to be hawkish and recession most likely going to happen, the prices will continue to fall. But the fall of the stock market most likely will not be too big. In the worst case, S&P 500 will fall...

Heist_FlyZ Updated 

Yesterday the inflation data came out and as I expected it was very bad. I think that inflation will continue to grow throughout the rest of 2022, and the first rate cuts will be discussed only at the beginning of 2024. It's no secret that there will be several more interest rate hikes and that high interest rates will remain for the entire current and next year....

Heist_FlyZ Updated 

This is purely my opinion based on the top 50 altcoins. Most cryptocurrencies are extremely difficult to analyze, but these two got me interested. On the first chart, the downtrend is almost perfect. It has been going on for a very long time and I think it will continue for at least the same amount. On the second chart, we have a breakdown of support and a...

Heist_FlyZ Updated 

Watching stocks that haven't fallen as much yet, I found another potential stock to short. The company has an earnings report soon, which is likely to be worse than expected or just in line with expectations. If you look at the fundamentals, the company is still heavily overvalued and it's not clear why it's still worth so much. The technical picture on the chart...

Heist_FlyZ

As you can see from the chart, we have come very close to the main downtrend that started at the beginning of 2022. We slightly went beyond it, but didn’t hold it. It was also confirmed by the fact that after the inflation report, all growth disappeared literally in 1 day. I expect the fall to continue over the next 3-4 months, until the next bounce. At the...

Heist_FlyZ Updated 

Meta is one of those big tech companies that could potentially disappear in 5 years or so. Why? It's simple: in addition to the terrible report in February 2022, which essentially confirmed that Facebook had exhausted its growth, they began to burn money on the so-called "metaverse", which, in fact, no one needs. The only bright spot is their VR headset, but the...

Heist_FlyZ

Yes, we are only in the middle of a fall that will continue for a decent amount of time. To be honest, I think that even a potential halving in 2024 is unlikely to help BTC this time. In 2023 there will be a continuation of the current recession and the key rate will be high throughout the year. Moreover, we may have a new lockdown in China, which could cause even...

Heist_FlyZ Updated 

'Arweave is a decentralized storage network that seeks to offer a platform for the indefinite storage of data. Describing itself as "a collectively owned hard drive that never forgets," the network primarily hosts "the permaweb" — a permanent, decentralized web with a number of community-driven applications and platforms.' This essentially describes the main...

Heist_FlyZ Updated 

Classic multiple top pattern. The price is clearly gaining momentum and we can go a little higher (potentially making a fake breakout), but if the price doesn't hold $340-350 level after the breakout, this will be a great signal for a short. Short @ $340, TP $300-260, SL $355.

Heist_FlyZ Updated 

Ideal situation for position-trading: Almost perfect uptrend trendline + two attempts to break through it. I'll try to buy the stock, no call/put options this time (because time in a trade can take 10-12 months). Buy @ $100-105, TP $150, SL $85.

Heist_FlyZ Updated 

Perfect downtrend, resistance after resistance, no signs of growth, weaker than overall market. Now we are breaking the last support and potentially going to 0.50-0.40, or even 0.2. Short @ $0.7-0.75, SL $0.8, TP $0.5-0.4.

Heist_FlyZ

In addition to my previous idea: here you can clearly see that the majority chooses to buy puts. Why? Because everyone understand that there's zero reasons to buy anything but puts. It will make sense to buy shares only after 3 key conditions: a decrease in inflation, a complete stop in raising rates and lowering rates to conditions that are comfortable for the...

Heist_FlyZ

This was nothing out of the ordinary. The AMD report turned out to be extremely negative and I'm 100% sure that in the coming years the situation will be just as bad. In my previous idea for NVIDIA, I thought that the price of $50 would be more or less optimal for AMD. Now I'm more inclined to believe that in 2023-2024 the price will slowly fall to the levels of...

Heist_FlyZ

20B dollars for THIS? In the current economic climate? Well, Adobe is already losing users and the competition is only increasing, so I guess it was only a matter of time. The company's future earnings reports will confirm this. Technical analysis also indicates a strong decline, very similar to the chart of NVIDIA. I already posted one idea and it worked almost...