BestCentimeter

BestCentimeter

Just spotting the technical patterns. Could retrace back to around 1T but I am confident that the dip would get bought just as fast. This is what I am hoping for, and the flag pattern agrees with it. There are longer term trends at work, a short-term downtrend still needs to be broken. I am net long on MARA and BITO. I own no bitcoin, full disclosure. Not...

03:44

BestCentimeter Updated 

The technicals give me an intermediate bullish sentiment for reasons stated in the video this is a stock that just won't die.

05:06

BestCentimeter

Inflation Rates, FOMC. NVDA up in the premarket along with other big chip names. Spotgamma shows us nearly above the Vol Trigger and Hedged Wall on SPY. Looks like today could be a mandate on Tech

BestCentimeter

I'm wondering if the market needs to know the earnings before NVDA can decide which side of the 2.36 coefficient it wants to move on. i am long on this stock, but i also can't think of any reason why it should sell off. It isn't overvalued any more than AMD. INTC being up with this down is confusing to me though I admit. One thing I dislike about the markets...

BestCentimeter Updated 

Using the classic flag pattern, I have identified a bullish trend on BTCUSD. I used a Phi-Channel to model the current uptrend and we can see that its lines have significant confluence to the area on the chart where the breakout would be expected to happen. At every location that matters, there is some kind of important inflection point, such as a Fibonacci...

BestCentimeter Updated 

NVDA will break out of this triangular pattern it's made. Forming a bull flag today on the 15m chart that extended into after hours. I also drew a phi-channel over the Daily candle timeframe chart and then checked price action around it's levels on 5, 15, and 30 minute charts. So while price may dip rapidly, suddenly. I fully expect all of them to get bought. I...

BestCentimeter Updated 

I am bullish for the rest of the summer on OIH. Energy prices and demand always rise in the summer. The technicals all look bullish, we've been riding a steady uptrend for about a year now and we are the point of breaking out of the lower value area and moving back up to over 400. Currently price sits at the 618 coefficient on the most recent swing hi-lo...

BestCentimeter

Implied volatility is going to shoot up. This is the first time I am attempting a trade based purely on volatility. I got a 195 put with 17dte for .87 and sold a 192 put for .55 and a total of 5 contracts each. I am planning to close at a LMT of .65 on all. The Boudhimi Bands 3rd sigma was pierced, volatility would demand a drop, I do believe AAPL may continue...

BestCentimeter

So after recent volatility in the markets, I decided to plot out a Phi Channel on the Daily HTF and a fib retracement from the low on the daily chart to the most recent high. 5250 is a very sticky psychological level that needs to be broken by the bulls. I give both my bearish and bullish potential projections here. What the range may look like over the next...

BestCentimeter

I feel its important for even the most advanced traders to take the time once in a while to re-assess the fundamentals. For newer traders trying to learn this is how I create models of supply and demand. I look on the daily or H4 chart for areas of consolidation followed by an engulfing candle and draw a line, if price returns to that line and doesn't break...

BestCentimeter Updated 

Short the 197.5 Strike for Feb 12 and Long the same strike Feb 18 Calls A 3% volatility increase would put my breakeven at 185~ 5%+ as low as 180. Debit of .39 | Current Mark @ .47 Limit order: .84 GTD 2/5 Expecting a possible retreat to the .382 level, possibly even the .5 level, then a bounce back up. I am kind of hoping for this as I'm also short a SPY...

BestCentimeter

There is clear resistance at the all time high from previous price levels. Unfinished auctions below, but good fundamentals have me thinking it will dip, as it did today, where I traded a Put Debit Spread and made 70% on top of my debit. Above average amount of new short positions have been reported. I believe what we are about to see with INTC and across the...

BestCentimeter

I like using classic patterns. I like to keep things simple. I used to throw a million indicators on a chart and thought it was helping. But now I do not. I may use RSI, MACD, or a Delta Volume lower study. Other than that I only ever use a couple of moving averages, maybe VWAP on the chart above. But here I have used Fibonacci Triangle pattern to identify a long...