stewdamus

stewdamus

Traders, I've been reading that the second round of GBTC outflow, which contributed to the selling pressure recently, is drying up. This pattern on the 4 hour chart will either confirm or deny this rumor. You can see the inverse head and shoulders pattern drawn. A break to the upside would target our previous high almost exactly. A failure to break the neckline...

stewdamus Updated 

Traders, This is exactly why I love technical analysis so much! Check out what BTC just did. It hit my multi-year support/resistance trendline from 2019 with surgical precision. I mean ...to the penny (almost). And this just goes to show that when you put in the time and study the charts, you may find indications that no other analyst talks about. This is one...

stewdamus Updated 

I've got to go long ARB here but I am def keeping a tight stop. We're going long to the top of the channel. I'm in at 1.63 with a final target of 2.24 and a SL of 1.54 making the RRR 8/1.

stewdamus

Good Morning, In my last post(s), I had projected a bounce from 64.8k to 69k. Check. Then, I suspected we may drop again and next break 64.8k. Check. The next target was then a retest of my multi-year support/resistance tl from 2019. We are almost there. The tl actually sits at around 61k and rising. However, we could wick down below that during the course of a...

stewdamus Updated 

Targeting $60 with profits along the way. Neckline on this Cup and Handle pattern has been broken and we have a good entry price here at $42. SL will be just below $40 with a rrr of 5.8.

stewdamus Updated 

Another little gem on the Solana network is Shadow. While all the Layer 2 coins have had their chance to pump, Shadow has really waited patiently behind the scenes. Not many people know about it because it's not listed on any of the CEX's. I used Jupiter (a Solana Dex) to get mine. Anyway, I think SHDW could pump soon. I am setting my target to around 2.40, taking...

stewdamus

Apologies for the multiple posts on the same topic readers. One of my followers kindly pointed out that we had already hit 64.8k and I realized that I had not proof-read my work before sending out. The title of the last post was supposed to say that Bitcoin was headed to 60k not 64.8k. I have corrected this where I can but unfortunately, am not able to correct...

stewdamus Updated 

Traders, Bitcoin is likely to start making daily lower highs this next week. Of course, we have another FOMC meeting coming up which will add a level of uncertainty and possible volatility. I have been hoping for a retrace down to that 64.8k level (ascending multi-year support/resistance) and I think we'll get it. Above I have the proposed path that price might...

stewdamus Updated 

Traders, There could be more liquidation on the way over the weekend. Therefore, I'll set my stops fairly tight on this trade. If I got stopped out, I would look to re-enter at around .70 cents. Obviously, my bet is that our support holds. Entry 88 Target 1.27 SL 70 RRR 5/1 Best, Stew

stewdamus

SUI has a nice Cup and Handle pattern forming here with little volume resistance on the upside and strong volume support on the underside. Provided BTC continues it’s lead upward, alts should continue to move. Entry is 1.60 with an SL of 1.37. Target before re-evaluation will be that C&H neckline at around 1.97.

stewdamus

Traders, A coin that is honestly one of my long term hodl’s has popped up as very bullish recently. My proprietary blend of indicators are all flashing green. I’ve been learning to trust them as they are doing very well for me recently. Additionally, you can see that VRVP is indicating we are now in the “value zone”. A nice “W” pattern is in play. And the RSI is...

stewdamus

Traders, I’ve been at work testing some new indicators lately and they have been working very well so far. I want to give them a true test in predicting a pullback, but so far, they haven’t had that chance. Anyways, right now, they are all flashing green on ORCA. And it makes sense too. We’ve cracked the top of that down-trending channel, signaling that an upward...

stewdamus Updated 

XRP has broken out and price now finds itself on the top side of our descending BLUE trend line as well as volume. With BTC bulls in full control, I am expecting more pumps in the altcoin space. XRP should be one of these.

stewdamus Updated 

Bico has found support in the price chart and on the RSI. I will buy this dip here and set my final target at 49 cents. SL will be 37 cents with a RRR of 4 to 1.

stewdamus Updated 

With BTC stabilizing above support, I think it goes to 70k next. This will drag ALTS up along with it. I am going to start dipping back into some of the previous positions which I was stopped out of with all the volatility. One such position was POWR. I like POWR here above the VRVP PoC and above that long-trending RSI support. I don't know if it will go to a...

stewdamus Updated 

Entry 1.37 Targeting 2.12 with profits along the way SL 1.18 RRR 4 This is an early trade for me as that Cup and Handle pattern has not been confirmed with a break of the neckline. However, I am betting on BTC to 70k and it will drag these alts along. All good volume is on the underside of MINA rn, so we should see quite an explosion to the upside once that...

stewdamus Updated 

I like Storj here at .80. Final target will be that BLUE trendline overhead. SL around .69 for a 3-to-1 rrr. With good volume on the underside and that bullish candle on the daily, I think Storj is in good position to fly. Alts are popping one by one and I think Storj has another turn coming up. The only downside here is that RSI. But lately, it doesn't seem like...

stewdamus Updated 

Matic looks to be breaking this larger and longer-term Cup and Handle neckline. Additionally, all of my proprietary blend of signals are flashing green rn. And finally, we have the bulk of our trading volume on the underside. Final target will be $1.75 with profit taking along the way. SL can be somewhere just below that descending blue TL, adjusting into time....