danielgwatkin

danielgwatkin

Just an idea moving forward over the Dec 2022 holiday period for ETH, you tell me what you think will happen?

danielgwatkin

Two strong technical factors are giving the S&P500 support to continue up over the long term. Bouncing off the MA200 and a direct hit of the 50% fib retrace means the downside will have a low probability going forward. Of course, macro factors could play a role in changing its course but as it stands I am fairly confident this is a one-way ticket. As mentioned...

danielgwatkin

After breaking the MA200 and if TSLA passes the 38 FIB extension (does not act as support), we could be looking at a drop to the 1.61 FIB extension, around the 100 mark for TSLA. In the other scenario, we could bounce from where we are at 150 back above the MA200 creating a good entry point to go north in the coming weeks. Either way, the next few days will be...

danielgwatkin

After the sharp drop, in the short term, we are looking at a retrace to 1220 which will then turn into resistance sending us lower to the 1100 area. With the macro landscape and public sentiment at present, it's hard to see us trending higher until we are into the new year, end of February, March.

danielgwatkin

Looking at BTC daily chart we could be heading for a low of around 35k in the coming month or so. The chart above is a simple explanation for this assessment. Daniel

danielgwatkin

Hello everyone, I’m looking at the 2hr chart of BTC here and wanted to point out a few signs I’ve noticed. Crossover divergence of MACD and plateauing of RSI. Also a break of the downtrend (note: with little strength but a break all the same) could be a sign of a less brutal week ahead. Also next week, look out for the US government announcement.

danielgwatkin

Showing a few more details from eth chart on what I’m looking at on the 1hr.

danielgwatkin

On an hour chart eth is starting to look a little stronger going into the weekend. This could be a sign for a partial recovery next week with people speculating on what the US government executive order will mean. At this point this could drive it either way but after the latest downturn, investors are looking to go long.

danielgwatkin

FB is effecting Spotify and other social media stocks in after hours trading plus, on top of that, bad publicity it has received recently all create for a great buying opportunity in the stock. Combine all this with a positive chart reading, you double your chances of an excellent buying window. With the trading day ahead I have drawn out where I think a good...

danielgwatkin

Looking at the after hours action of FB, the stage is set for a great buying opportunity. This company has a lot going for it with its planned Metaverse strategy, yes this will take time to come to fruition but it will happen as the public start to get involved in the space. It has the potential to create a lot of innovation and investment. With that...

danielgwatkin Updated 

I must apologize for the long time in posting any ideas. With the situation we are in at the moment it is important to choose well if you are currently trading this market. One stock which has been showing signs of strength is AMZN. Going into earns this week may provide impertus for the next leg. Targets for this are shown, the main one being 1.618. I hope...

danielgwatkin

Hello Traders. Just a short note, NVDA may have a pullback of a small or larger nature in the next few weeks before a continuation of the trend channel. Both are marked above, take your pick, of course the earnings report will have a big effect on this in February (11th) but this gives us plenty of time for that healthy pullback. (. :

danielgwatkin

Hello Traders Just a quick chart to show NIO, China’s electric car company still has juice in the tank and could reach previous highs. With possible funding, ( not confirmed) that has been spoken about by numerous analysts from GAC car manufacturer in Guangzhou as mostly negatively has not deterred the bullish momentum. Something that could be having a...

danielgwatkin

Hello traders. Above is a possible bullish flag forming on the AMD 4 hr chart. This is probably due to positive feedback from critics coming from the company’s presentation at their CES. It also tell us the bulls are not prepared to sell causing the price to suspending with buyers waiting to get in and are getting impatient causing the bullish flag pattern and...

danielgwatkin Updated 

AMD has had an amazing run-up to its current price from the low $20s and it seems set to continue. But I think it is important to realize there will be a pullback for it to breath before it continues. If you are okay with this (having come in at a lower price) then just hold the position for more upside and into the future, as I see it as being bright, having the...

danielgwatkin Updated 

If you have been waiting for an opportunity to buy into AMZN, it may be just around the corner. The stock has been consolidating for some time into an ever-tightening triangular range with a recent attempt at breaking to the upside. If it closes above the trend line, I have marked possible price targets for the next 12-18 months.

danielgwatkin Updated 

Hello everyone, I have drawn a long term outlook above which is how I see it playing out, another of those stocks that have had a rough time recently but I believe as memories fade will become popular again with investors due to its being undervalued.

danielgwatkin Updated 

Hello Everyone Looking at INTC we must remember the continual bad press it has received following the rise of AMD, its competition over the last year. We should also consider the good fundamentals of this stock which are healthy and will dictate its real future. It may have lost some market share to AMD and possibly continue to do so to some degree but the chart...