benjihyam

MSTR looks to be turning bullish here on small timeframes. We've broken out of the down trend line and look to be turning up for a move towards the resistances above. I think we can potentially make it all the way up to $395 on this move to retest the area it broke down from. However, that $375 area is also an area that can provide strong resistance. Let's see how it plays out.

TSLA has been consolidating in a flag here. While price could break up out of it, I actually lean towards price breaking to the downside. The reason is because there have been more tests on the downside, and I think if price falls and tests it again, it'll break. That and, if you turn on Heikin Ashi candles, it looks like bearish momentum is starting on higher timeframes (1D-4D) and Ichimoku giving bearish warning signals in the cloud formation. I think the most likely outcome is that we break lower and go test the box below for a new low. Everyone would get bearish down there, but that will be a great level to buy for the long term.I think most likely outcome now is that we potentially test the first resistance first, then fall. As we've broken out of the flag.If it falls back inside the flag, extremely bearish.

I think we've seen a top here with the reversal that happened today. My levels held on SPY and that makes me more convinced the Nasdaq will have the same fate. The top looks much clearer on Nasdaq futures. We have a double top, should the highs of today hold. If you were to run a trend line through price, you'd see that all we've done on this rally is backtested the trend line from the April lows and have found resistance. I think the next move is likely a large move down towards the lower support levels. Potentially CPI tomorrow is the catalyst. Let's see where we end up, but I think it'll be one of the lower support levels should the highs hold throughout the week.

ETH just tapped the most important level to the upside $4300, and unless it can flip the $4387ish as support and continue higher, I think that's likely it for the year. Needs to take out the top resistance to be in a full bull trend. I'm very bullish on ETH over the long term, however, in the short term the market looks extended here and I think we can see a major correction. Will people longing here be stuck buying the highs like they were in Dec 2024 when everyone thought we were going to new highs? TBD. But I think they might be. Here's why: 1. I think BTC has topped in the short term . If this corrects significantly, it's going to take all of crypto with it. 2. The reason why I think BTC miners haven't really run yet, is because the overall crypto market isn't bullish yet . We need to flip the $1.2T level on the chart for the entire crypto market to be in a bull trend. 3. The charts all look very similar to how they did right before the covid drop. I don't know what causes a large move down, but I can't ignore the signs. If you're bullish here, you want to see the $4300 level get flipped as support. However, I think it's possible that we can see the lower supports get tagged before we see the resistances get taken out. Here is my long term chart of ETH (I think we go up to $18k+). If you don't agree, all good, keep doing your thing. Just want to provide an alternative perspective to the bullish narrative here because it seems like the entire market believes the exact same outcome is likely. Also note: I don't plan on shorting ETH - I do not short the crypto market - I only aim to buy lower levels. Good luck from here on out!

If we look at the chart of XRP, you can see that since the move in fall of 2024, we've had a massive lack of balance on the chart. We ran up quickly without testing any levels as support. That makes me think we're going to see the lack of balance get corrected and the same move is now going to happen in the opposite direction. The $1.04-1.20 region looks like a good area of support to me.

~$122.5k was the top of the range. Now we'll need to go test the lows before we can continue higher. Alts are clearly not confirming a trend change . Many still bearish on HTFs (including ETH), I think the reason is because Bitcoin goes lower before we see a continued run and that will drag down alts with it. I think people holding alts here with hopes for new highs (in the near future) are about to have their hopes crushed, that also goes for people long crypto miners. I don't think the real run starts until end of 2025 or 2026. Time will tell.

Fart coin looks like shit. Looks to me like the gas has run out of this trade. If we look at the chart, we can see that price has rejected resistance here and Heikin Ashi candles starting to show the bearish trend starting. On top of that you have a massive head and shoulders top forming, which would be confirmed under $.88. I think it's likely that we see the bottom supports get tagged from here. Invalidation would be a break of $1.53.

NVDA has now topped, you can see that we've just formed another high time frame lower high and the rejection up here has the potential to create a strong bearish move. I think it's very likely that the bearish move will take us all the way down to the bottom support before it's completed. The bounce from the bottom went higher than I initially thought it would (which is why I'm creating a new chart), but price can't escape gravity and the same outcome is inevitable. Let's see how it plays out over the coming weeks.Bought some 8/15 $60P to express this view at $.06Added $142P for 6/27 here.Added 7/31 $100P, more to 8/15 $60PTook another swing at it today being we had the pivot on Friday and price looks like it's rolling over now. 10/17 $85P

All of crypto is about to fall significantly, most people just don't realize it yet. Many alts will fall 50%+, and coins like SUI and XRP that people feel safe in, won't escape the bearish move. Just looking at the chart, we can see that SUI broke upwards in August of last year and topped in January, and has since retested resistance at $4.05 and rejected-- forming a large lower high. It makes the most sense to me that we will now see price retest the lows that price broke out from as they never got tested on the way up. We should see price fall down to the lower support levels over the coming weeks.

QQQ has been consolidating in a massive rising wedge and looks set to break down from it. Unless price can get back above previous highs, then new lows is the most likely outcome here. I've marked off support levels on the downside that might be good opportunities to scale in on the long side. Let's see how low we go.