Thecontrariandaily

Thecontrariandaily

Just about everybody in the world is watching the Bitcoin bull flag that has formed on the daily. Yesterday we started to break out bullish. If this structure holds we can see a move in bitcoin to 40-43k before the end of the year

Thecontrariandaily

Im looking for NASDAQ:MARA to join the pump train for a move higher to 14 then 18/19 before the year end. Crypto has been on a pump with strong fundamental news. These crypto mining stocks for the most part has been consolidating as they are headed into earnings. We could potentially see a pop on earnings following the move on crypto. Adversely we could see a...

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NASDAQ:COIN much like many of the crypto stocks pumps are steadily meeting strong resistance as the result of the sell down. Although Bitcoin and several crypto names went on a pump on etf news. There still a ton of downside that is likely to fill as we examine structure. 80-85 strong overhead resistance. Still trading within our strong weekly bearish...

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Here is a day trade idea on $SPY. Looking for some correction this week Key thing to note: This would be considered a "counter trend" trade as I see it. We are still heavily in a downtrend and fully expect the downtrend to resume That said I still see some opportunity to scalp this thing back to the upside as we recover from all the massive sell offs from last week.

Thecontrariandaily Updated 

Bullish Divergence on RSI Bullish Falling Wedge Price sitting at Daily support and Key Level Bullish Price action activity posting at the lows Looking for some Longs Dominant trend is still down, however it looks like we are preparing a correction in the current downtrend before we sell more

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Expecting bearish continuation to start with CRWD Everything is explained on the chart but we have a big bearish H&S complemented with a Bear Flag with strong monthly rejection from 200 & Neckline Have December 16th Options

Thecontrariandaily Updated 

Today we take a look at Barrick GOLD #GOLD Within our private community we have been recommending BARRICK GOLD as a Long term buy Barrick GOLD is a mining company Technically we LOVE what we are seeing... Where do we start For starters we can clearly see a Bullish Head and Shoulders on the larger time Frame. To double the BULLISH sentiment Barrick GOlD offered...

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UPST or UPSTART is still extremely bearish. Today we are looking at UPST on the Monthly Chart. Previously we offered a quick short day trade opportunity that worked out amazing. See related ideas. However today we want to take a look at the MACRO picture of the stock. Most Notable we made a higher high on LESS Volume or Participation. This is an indication for...

Thecontrariandaily Updated 

We are looking at CRWD for the next big continuation down We have already booked over 300%+ from CRWD on the first leg down shorting from 220 to sub 160. Now we are looking for a pull back into the 170s or low 180s, ideal to continue short. There is a TON of bearish momentum on this play so there may be a early dynamic entry to secure positions however we are...

Thecontrariandaily Updated 

We are still LONG TERM Bearish on SPY, crypto and basically most equities.. including popular mining stocks. The way we see SPY is that first we have formed a classic Head & Shoulder pattern with a Faux breakout to the downside before the rally then the drop of the new low Looking at structure a couple ways we need to sell down much more to complete the H&S...

Thecontrariandaily Updated 

Complete 180 view on Barrick Gold - See linked Idea We closed out Barrick Gold back at $25 and we have a new different perspective. Now we see it as a double top, head and shoulder with rising bearish wedge pattern as illustrated. All structure are pointing downwards taking Barrick Gold (Mining Stock) down to $3.25-$4 There may be another attempt at $30 to...

Thecontrariandaily Updated 

Today we have ZM (ZOOM) on the daily chart With the huge sell offs in the market we still see much more downside on the table especially for growth and tech stocks like ZM. We offered a bullish outlook that would have an inverse Head & Shoulders forming However to complete the right shoulder we would still need to sell down into the low High 90s We do have...

Thecontrariandaily Updated 

If you've been following my ideas or part of any of my groups you'll see(know) weve been short on bitcoin for a while. This isnt to take away from what we think Bitcoin is or where it will go over the next 10-20 years, just that as of now we are big bearish and think Bitcoin like much of crypto keeps printing very bearish markers. With this recent update to keep...

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To no surprise NIO like most of equities is vulnerable to the increasing pressures of inflation and the feds responsibility interest rate hikes. Technically we see NIO is a BEAR FLAG structure right at the $20 Key Level Making NIO more interesting is that this structure is formed with LESS participation on the second attempt at $20 Meaning NIO made a HH (Higher...

Thecontrariandaily Updated 

What we are looking on Bitcoin are more continuation patterns The outlook suggest a breakdown to 18k now or a pullback into the 35k range first to suck in more liquidity then sell down to 18k 20k is the Key Level or real trading range but we expect an overshoot into the mid 18k before popping above 20k Macro view we have our super obvious head and shoulders...

Thecontrariandaily Updated 

Bitcoin much like some of the names we've spoke about like CRWD and UPST is following a similar pattern and structure. We are expecting some bullish activity to come in to bring Bitcoin back into the 35-37k range but ultimately heading back down to sub 20k is its next move. 18k+ to be exact. We love Bitcoin & Crypto.. However in this Risk off environment and...

Thecontrariandaily Updated 

1400-1600 on Ethereum next move down Please see our Bitcoin chart. The analysis is near Identical to Bitcoin (btcusd) We are in a corrective consolidation wave nearing the apex to break out (downwards)

Thecontrariandaily Updated 

TSLA like much of the market will again resume selling soon. We are looking some very minor bullish (buying) activity for the week. Maybe more so hoping for it to help prop (position) our short opportunities. (875-900) However we are Bearish on Tsla to 600 Minimum before we start seeing some real buyers stepping back into the market. We do believe big picture...