thecoffeeshoptrader

thecoffeeshoptrader

Here's something interesting about Bitcoin. There seems to be a bearish flag forming, and if it breaks through the flag we can expect a further selling off for Bitcoin. First support seen at about $20k. If there is panic selling, then no doubt a $12k to $14k is likely. However, will Bitcoin fall that much? Remains to be seen.

thecoffeeshoptrader

Key resistance for Bitcoin at around 45,750 area. A break in the resistance will result in a bull for Bitcoin. Failure will see a fall back.

thecoffeeshoptrader

We look at NVDA which seems to hit a resistance last night. If it doesn't clear the resistance of 272, then probably falling back to the area of 211. The range of 211 seems to be a strong support. So take note.

thecoffeeshoptrader

We still see a downwards movement in the market for the Dow Jones Index. It has hit a resistance at around 33580, moving back down to support at around 32373. A break in support will result in a further fall to around the 31500 range. Short seller are expect to target the 30,000 range before covering their shorts in my opinion.

thecoffeeshoptrader

It's great to see crude oil price drop after an insane high level. We might see a bit of a dead cat bounce before dropping back down again (we hope!) Estimate price would be about $97 for Brent.

thecoffeeshoptrader

Brent crude oil is going parabolic, when will it stop? Is there another leg up or will it collapse soon? What's your opinion?

thecoffeeshoptrader

With the flag forming, a confirmation of the break is likely to result in further fall of the price.

thecoffeeshoptrader

Grab seen a plunge for its stock. Support level at $3.00 area. It seem to hit a support and would there be a short term upside? We shall see.

thecoffeeshoptrader

ARKK seems to be holding support as sellers seem to slow down. So it seems to start accumulating and consolidating.

thecoffeeshoptrader

With the bear market in force, there is no reason to be bullish for Tesla. Hence do note that Tesla would probably fall to the $650 range first. Any further development we shall see for breaking pass $650 as we have identified several support regions below that.

thecoffeeshoptrader

Although analysis are calling for $100 oil, it doesn't seem to be so in the near term. Price actions of recent WTI has seen spike at every time impending war warnings, but eased off after that. It seems that most are already taking profits off the table and moving into Gold. So we should expect further slide of crude oil.

thecoffeeshoptrader

Well it seems market has confirmed it's bearishness. Right now it seems market has close just right around 14000 range. If it breaks through the support we can see it fall to the 13400 range indicated.

thecoffeeshoptrader

Following up on the analysis of Palantir before its Q4 earnings, seems that earnings had disappointed Wall Street. As it has a gap down, I would assume that we can see a filling of the gap and if the market continues to be bad, we can see Palantir dropping to price range of $9.50 - $10.00.

thecoffeeshoptrader

Palantir is currently stuck in a triangle waiting for results. If results are good then there is a good chance for an upside.

thecoffeeshoptrader

Well it seems that Bitcoin has hit another resistance at about $45,000. So we might get some movement back to $43,000. Stay tuned.

thecoffeeshoptrader

So much for the bull in crypto. Ethereum and Bitcoin seems to hit their resistance. So what we see is a potential flag formation for Ethereum. If the price breaks the flag support, then we can see a drop to a projected target of $2000.

thecoffeeshoptrader

Ethereum hit some resistance as indicated. A pullback to be expected to reach $2900.

thecoffeeshoptrader

Here it seems bitcoin has hit a resistance and set to fall back. We are still looking for the 30k support