ISquared2

ISquared2

Waiting for a break on the daily up or down. BTC on chain metrics are bullish, but the short term could see more downside.

ISquared2

Rsi on the daily is getting overbought so expecting a pullback. On chain metrics are showing overall a trend to the upside.

ISquared2

Comparing the last run up and pullback vs the current run up and pullback. We could see a 30% correction placing BTC at $40K.

ISquared2

Shorter time frame 4hr chart. The crypto markets may finally be ready for a consolidation to digest the recent run-up. While 20-30% pullbacks are normal, I'm also looking for bullish continuation patterns to begin setting up.

ISquared2

Bitcoin on the daily chart finally sold off as we approached 2017 hall time high. I have been waiting for a pullback to allow for the rsi to cool off. The daily chart is currently holding the first line of support and could go either way up/down ~+/-6%.

ISquared2

Upward potential of $25k-$30k through 2021 timeframe. 🚀 $20k? 🤷🏻‍♂️

ISquared2

Sell off or a bounce?

ISquared2

3 Scenarios for the S&P 500. 1. The blue lower bound trend-line breaks and we see a sell off. Wait for better stock prices. 2. Same as scenario 1, but its a stronger more immediate selloff. 3. Bounces off of the lower bound and continues its uptrend. Waiting and watching the lower time frames to see what plays out.

ISquared2

Boeing just broke out of a bearish pennant. Both Boeing suppliers and customers are struggling keeping their doors open with no timeline insight. There is still plenty of room before the March lows are retested.

ISquared2 Updated 

China's manufacturing sector amounts to almost $4T and 30% of its GDP. The corona virus continues to spread throughout the world shutting down demand significantly with no end in sight. Even if economies began to open back up, supply chains and demand won't return to what they were for a decent amount of time.

ISquared2

ZOOM (ZM) has had a huge run up in 2020 after the Coronavirus began to force workers across the world to work from home (virtual work if possible). I have heard from many individuals that they enjoy using the platform, but: 1. News is coming out about privacy concerns. 2. NYC Education Department (estimated 1M students) has banned its use. 3. FBI...

ISquared2 Updated 

Shorting the most recent pump in the S&P. My view is that we have yet to see the lows in the market as many states and countries extend the Stay-At-Home orders. More downside to UBER: 1. Fewer requested rides going forward until the virus gets under control. 2. Virus has now infected 1M individuals globally and the U.S. does not expect the apex to occur until...

ISquared2 Updated 

The stimulus bill has been passed and loans will begin to be allocated into the economy. The goal of this money is to keep business alive, but there are no clear guidelines on how this stimulus will be rolled out. After the current bounce (my assumption), the sellers are back. Prior to the corona virus, the Russell was already showing signs of weakness. As the...

ISquared2 Updated 

Love the Company and its CEO, but the company is very over valued and is showing signs of weakness. Looking at the major market indices (DOW, S&P, etc.) are showing weakness after the bounce.

ISquared2 Updated 

I am shorting SPY after this weeks bounce. Reasoning: 1. Virus continues to exponentially spread throughout the U.S. and globally. a. Social distancing in the U.S. has only been enacted state wide for 1/3 of the population. b. Experts such as Bill Gates expects continued exponential growth in coming weeks. c. Expecting more cases and hospital...

ISquared2 Updated 

After looking at the major market indices, I am suspecting continued selling on Monday. This is a short-term trade going off the 15min chart. Keep the stop tight!

ISquared2 Updated 

Looking over the broader market, I am leaning towards the three up days as a bounce. I will be waiting for the trend to break. Looking at at 10% short.

ISquared2

Still bullish on btc and crypto in 2020. In the short run, btc has clear support zones down.