benjihyam

benjihyam Updated 

NASDAQ:AAPL is starting to look like a really great short opportunity. As you can see from the chart, the bullish trend that started in 2020, broke down in 2022 and hasn't been able to confirm support above it. We confirmed resistance on that trend line in August and now looks like we're going back to test it one more time. I'd imagine this time, it won't break...

benjihyam Updated 

AMEX:SPY looks to be showing signs of weakness here. Thinking that we could see the first large decline of the year into one of the support levels below $479-$495. Breaking the trend line would be the trigger. If that happens and we do get a low, then I think we'll have one final rally to the upper resistance levels between $525-$530. Another possibility, is...

benjihyam Updated 

I'm not sure what's going to happen in the immediate term (1-2 weeks), but after that I think we'll see a bond rally from middle of June into July up above $92 and the possibility of going as high as $100. My base case is that we get a move up to $97ish level, but not ruling out the possibility of retesting the highs of the recent move. However, after July,...

benjihyam Updated 

Turns out after analyzing the chart again, I wasn't bearish enough on BTC. In my last idea , I thought we would move down to $57k, while I still think that's likely, I wasn't bearish enough because I think the risk is actually to GETTEX:48K -52k (which I don't think anyone is expecting, especially here). Everyone calling for $72k to break which creates a short...

benjihyam Updated 

With the rejection of $21, NYSE:PLTR looks set to fall to new lows. I think it's likely that we're going to sweep the lows at $8 and keep falling from there to a final target of $1-2. This will likely take place at some point in the back half of 2024 and should present a great buying opportunity once it gets down to those levels. Let's see what happens over...

benjihyam Updated 

LSE:GST has been in a downtrend since the beginning of March, I think we could see one last exit pump up to the two resistances higher before continuing down. If you can time this properly, looks to be great gains in a short period of time.

benjihyam Updated 

First off, this is a high risk move because of my competing thoughts w/ BTC having a big move lower soon. But as you can see from the chart, price has formed an inverse head and shoulders and is in the process of breaking out. Should price be able to sustain above the trendline, then it's likely that we see the upper resistance get hit. I think the move would...

benjihyam Updated 

I know everyone is bullish crypto, but the NASDAQ:COIN chart doesn't look that hot. You can see that price moved up over the trend line, formed a small timeframe head and shoulders, broke down, and now has retested the trend line today. I bought some puts before market close. Before we move higher, I'd expect price to come down to touch the lower support...

benjihyam Updated 

Thanks to @TORNADOF5 for reminding me about this. A friend sent me a tweet last night about how banks are levered up on debt and that prompted me to look at the chart of KRE. As you might remember, AMEX:KRE was one of the worst performing ETFs at the beginning of this year with the failure of a ton of local banks. But since earlier this year, I haven't...

benjihyam Updated 

This looks like the most interesting long setup in crypto mining should the opportunity present itself. In the short term, I think price will likely continue up into the $1400-1500 range. If price can't break through that level, I think it'll be a great short. If you look at the correction so far, we've only had 2 legs down, I think the 3rd is yet to come which...

benjihyam Updated 

If you've been following me for a while, you know that I've been warning of a crash for some period of time, and now I think we're within weeks of that playing out. I've largely been bullish for the past year, with periods where I thought things might fall, but now all of my upside targets for BTC have been hit (minus GETTEX:54K which is still possible) and...

benjihyam

If we haven't already topped, I think the upside is limited here. Price is currently at $71k and if we get a move higher, I think price would top out at $ 78k-$ 81k for this cycle. I see a few different scenarios from here that can play out. 1. Price tests $ 48-52k from here, we rally quickly from there but then roll over and see new lows below where we went in...

benjihyam

Contrary to what everyone believes is going to happen: "We're going to see a new ATH by the end of 2024 then we decline after" "There's no way they're going to let the market fall in an election year" I think we're about to start a historic correction to retest the lows from covid. Since October, price action has gone parabolic, and normally when parabolas...

benjihyam

NYSE:LLY looks like it's topping up here. Anytime you see a chart that has gone straight up like this, you know the fall is going to be painful. I think we'll top within the next week or two and then we're going to start the bear market that goes all the way down to $265 before it truly bounces. Why do I think this? If you create a parabola, price is starting...

benjihyam Updated 

I still think we hit the same upside levels but think we take a different path to get there than I originally thought. I've been anticipating a big move down before we hit the top, and I still think it happens, but I think we go to different price levels and it happens in a different timeframe than I previously thought. Everyone thinks the trade is going to be...

benjihyam Updated 

Updating my analysis with some additions of some key levels to watch for as price makes it's way higher. I do think NASDAQ:NVDA is going to become more volatile over the coming few weeks as it works it's way to the top resistance levels. Even though price seems to be forming a H&S top, I'm not sure that we break down here. I think the most likely scenario is...

benjihyam Updated 

Originally I was thinking that we'd see a move to the $480 support after testing the highs, however, because we haven't fallen yet, the chart no longer supports that view. Instead, I think the most likely scenario is that we fall on or after Wednesday 5/29 back to the low $500 area, then we go back to test the highs at $530. The retest of $530, will setup the...

benjihyam Updated 

I'm updating my recent chart on BTC because we haven't fallen to new lows yet which makes that GETTEX:54K outcome less likely. I think the most likely path from here is to continue higher until May 29th, the pivot on the chart. I think the most likely price level we test is that $72k-73k level. Then we should see a pretty large dip after the 29th down to the...