InTheMoneyMike

InTheMoneyMike

A lot of people across TradingView and X (Twitter) have been calling the bull market. In my opinion it's far too soon and investors should still be weary. Here's why COINBASE:ETHUSD might have some more pain ahead: On the technical side - We have a text book bearish wedge/pennant on the weekly chart pointing to more pain unless proven invalid On the...

02:51

InTheMoneyMike Updated 

Coming out of a nice bearish trend SPY has bounced nicely off the 200-day Moving Average on the weekly time frame. Historically, the 200-day moving average has been a massive level of support and resistance. You can always expect some nice volatility around there. Coming out of the bearish trend we do have some more bearish trend lines to hit. As of now,...

02:22

InTheMoneyMike Updated 

AMD closed below major support for the head and shoulders pattern. We saw a lot of red in the overall markets last week, and I think we'll be seeing some sort of relief rally across broader markets. Be patient and don't chase this trade wait for a retest of that support level.

InTheMoneyMike

BTC is starting to break out of this massive daily bear flag. I'm looking for accumulation around the trendline and we should see a nice downside movement.

InTheMoneyMike

$SPY showing major weakness coming off a double top and breaking trend. Yesterday appears to be a test of trendline and today will confirm the rejection Taking a quick peek at blue-chips: $META $NFLX $MSFT, also showing signs of weakness Despite Russia pulling back forces, I don't think its enough to prop up the market First PT: 436 Second PT: 427

InTheMoneyMike

ETH on the weekly chart is showing some signs of weakness. The trend is still broken and a good amount of selling happened when it popped back above resistance. IF the trend continues I still see 1700-1900 Let me know what you guys think and visit my profile for more trading ideas!

InTheMoneyMike

$ETHUSD down 4% after a hard rejection off the major trendline, could be forming a dead cat bounce. I still have a PT of $1900

InTheMoneyMike

$BTC breaking down from triangle/wedge. First PT: $35000 Second PT: $32000 Visit my profile for more trading ideas

InTheMoneyMike

$SPY $QQQ I was reading a book about Wycoff and one of the lines said something like this... "In the beginning of accumulation, the stock is held by strong hands and professional traders, as the trend continues the asset is transferred to those of weak hands and retail traders" I created this chart to give a macro perspective on where the current market is....

InTheMoneyMike Updated 

$SPY $ES - After a brutal sell-off EOD today things are looking bad for the markets

InTheMoneyMike

$ETHUSD testing a very strong 2-year trendline. IF it does break this trendline I believe we will see a bearish market for the next year or so with a potential low of $1700 and will consolidate until the next bullish cycle. However, I am bullish and have been buying the dip like a true degen $ETH $BTC Visit my profile for more trading ideas!

InTheMoneyMike

TSLA showing great consolidation after the recent breakout. Great time to pick up some shares. $1000 is level to watch, anything below that, and this ship is going down....hard Check out my profile for more trading ideas

InTheMoneyMike

$NIO trading in huge triangle forming on the weekly timeframe. Be patient, wait for the break, and reap the rewards. EVs have been heating up so I wouldn't be surprised if we see a rip to the upside

InTheMoneyMike

$ES/$SPY at the top of its channel and closing below the support of the previous trading range. Don't be surprised if we see a pullback in the overall market putting $SPY around $440

InTheMoneyMike

AMC above key resistance and fib level. A break of 60 and AMC can run to 68-70

InTheMoneyMike

AMD right on support in a huge monthly channel. Very strong stock, just be patient. For a chill trading room, join the link in my bio

InTheMoneyMike

$RBLX broke its massive uptrend and made a solid move south. Puts are finally paying off as this stock is due for a correction. Let's break down what happened here and how you can profit from similar price action. Step 1: Find a trend and draw a trendline. The bigger the time frame, the stronger of a trend it is. Step 2: Wait for a break. Do not enter simply...

InTheMoneyMike Updated 

Calling bottom on $DOGE. Great setup with phenomenal R/R ratio. Don't miss out on any more great trades and visit the link in my bio!