jyk22

jyk22 Updated 

Need to see how this plays out, ill take a small position as the stock is in a long bearish trend. However we can see a small bullish divergence and we can see that some trendlines match up with around 40$ prices. Short term is has broken a resistance line and retested this. Twitter has some relevant news thats neutral and some is bearish, dyor.

jyk22

We are retesting the trendline and the pennant breakout. Over the past years we didnt enter between the purple lines that often, let alone go under them.

jyk22

Possible path seems to be a cup Only if BTC stays above 43k

jyk22

As long as we are above 43k im bullish Goldman Sachs said 100k so we will probably get it.

jyk22 Updated 

Zynga games in the metaversa, or something like that, idc the setup looks good! Entry .19 - .20 T1: .27 T2. .30 SL tight under entry / if BTC decides to go down.

jyk22 Updated 

I feel we might continue on this route if resistance gets broken here. I expected the bottom to be between 30k-34k but thought it would retest that more often (see my other ideas) which means i will go long on a breakout but will keep an eye on the nasdaq and see if its not a bulltrap for confirmation.

jyk22 Updated 

- IHS pattern could be forming - 1 more test and rejection before leaving the falling wedge - Not out of the downtrend yet and very possible to have a relief rally in the form of the right shoulder on the larger timeframe

jyk22 Updated 

Please see my previous analysis for more details I zoomed out a bit more to see how the general trend line matches up.

jyk22 Updated 

Just my observation to see how it plays out. * The rising wedge is invalidated (bleu lines) by the big sell off pushing it out of it's third leg. * The second attempt of forming a bullish falling wedge pushing it back in has been rejected, even though it has broken out properly, we can see that the rejection pushed down bullish price momentum. This will bring us...

jyk22

Should go up after the retest. 1D Red candle -> green. 30k retest on breakdown.

jyk22

Lots of small bulltraps are noticable on the chart, beware when the pattern forms. Most likely route seems to 30-34k where itll be shopping time.