SighKing

SighKing

Today was a day that will likely be engraved in trader's minds as the day it shifted. Some may remember Jan 27th as one of those days as well. Let's see Feb 24th as the day that things changed. Global changes and local markets alike will not be the same starting in March 2022. Support was broken but the next candle practically engulfed the drop. A downtrend is in...

SighKing

The support and resistance lines have provided strong guidance over the last year. 30k-41k seems to be right in the fair value range. This is my buy zone. It might be a large range, but it also won't last forever. Depending on your timeframe, we are in a bear or a bull market. If 30k-41k is the fair value range then the overall upward trend is still alive and well.

SighKing

Keep it simple stupid. In terms of major channels, there are none left. In terms of a very loose channel, we just bounced off the bottom. If it break that, then we can just look at support and resistance lines, but it wont look good. If that last channel line is broken, then all forms of uptrend are broken and we will enter a sideways market for a while.

SighKing

It takes at least 3 touches of a trend line to validate it. The more the better. The last couple months have validated the top and bottom of the trend. It could travel within the channel, or it can break and move aggressively in either direction.

SighKing

Rebound or plunge? What do you guys think? We have a thousand factors to consider on market sentiment. From an inflation standpoint, MSFT would fair decently well in the long-term due to it's high ash-flow position, but may still see some weakness. In a deflation situation, tech will prosper. Then there are all of the global ongoing issues that could cause fear...

SighKing

We have a similar three candle pattern. Downward pressure on the RSI after a negative divergence. Stochastic RSI getting bearish. MACD ready to travel downward. And both times coincide with earnings season. I'm not saying it has to go down. But its sure looks like it.

SighKing

still early but very clean if it plays out

SighKing

First looking at the top of the breakout trend line - likely a 3-5 day journey. Then looking at the bottom of the channel - likely a 2-3 week journey

SighKing

Up to the 1.618, maybe stroll around a bit, could even see what's above at 15200-15300, but not for long. We have to regroup at the bottom of the path if we want to safely journey higher. 13880 would be a great target, but trend support around 14300-14400 is important to watch. Big Tech Earnings this week could have it run to that 15200s range, but could also be...

SighKing

red - sell purple - caution blue - neutral yellow - caution green - buy

SighKing

Let's run it down to the support for a few days, then start a healthy rally back up.

SighKing

It's going to choose a path in the next few days. Let's hope its the green one

SighKing

We could go to 22k and still be fine. We could go to 200k and still be fine. Yeah its a big range, but calm down, its still fine.

SighKing

just kidding. But all the channels point higher and it has room to run. It could still fall in the short term, but the bigger picture is bullish

SighKing

If it breaks, its good. If it doesnt, its shit.

SighKing

NVDA has been on a good run, but its overheating

SighKing

I call heads

SighKing

This is a wait and see. Not a terrible accumulation zone if you're into the coin, but not a tradable area.