₿ Bitcoin and Crypto Bear SwingAccording to my analysis using my own methodology along with one by the veteran trader Tim West from Key Hidden Levels here on TradingView, I believe what will happen tonight is a downtrend that should expire in 21 days unless proven otherwise.
Catalysts include Binance and Coinbase being sued by the SEC.
There is more to this, but I’ll keep it short.
Good luck everyone.
Timeatmode
$AAPL: Trend continuationNASDAQ:AAPL defied expectations with its latest quarterly report, beating earnings and revenue estimates and providing a bullish outlook as well as announcing a stock buyback program and raising the quarterly dividend for the 11th consecutive year in a row.
Time@Mode, which I use to spot actionable opportunities, confirms this breakout as the start of a new trend and indicates a potential for further gains by May 24th before consolidating again after that date. By looking in a detailed manner at the price action surrounding consolidations, I can identify patterns and signals that suggest when to enter or exit a position, or set a stop-loss or take-profit level. This method is based on rigorous research and testing by my mentor @timwest, and has delivered consistent results for me and my subscribers ever since 2015. Recently I've made progress automating it and using it to detect opportunities in various markets effectively.
Keep an eye out for the key earnings support level outlined here, were the stock to retrace and hit it, it would be a low risk buy entry level oversold declines after this trend pans out after the end of the month. Buying strength here is fine as well, would be my first option to join the trend, but it is important to be aware of where a stock reported earnings each quarter.
Best of luck!
Cheers,
Ivan Labrie.
$ETHUSDT: Bird's eye viewTime@Mode can capture very profitable trends with incredible accuracy and very low risk, at times catching the bulk of returns in a given market, while sidestepping the volatile uninteresting periods.
To do this, you need to know the timeframe in control of the main trends in said instrument. Determining the Timeframe in control means finding the timeframe that explains the recent trend swings in the cleanest way possible.
If you follow crypto markets, you might want to be aware of these trends, and when they trigger, to be able to capture the biggest swings in a painless manner, and stand aside when things become tough and unforgiving (like they have been since basically April 2021).
This analysis breaks down the monthly trends in Ethereum and shows what to look for to capture the next bull run effectively. See the annotations in the chart to know what we have to look for here during the month of May.
Best of luck!
Cheers,
Ivan Labrie.
$XOM: Uptrend signal in the daily and weeklyExxon🛢️ has nice upside here according to Time@Mode which makes me think it could beat expectations and shoot up and trend steadily for some time.
The company reports earnings this Friday, and is expected to post a $2.606 profit per share, and $85.648 billion dollars of revenue.
Valuation highlights:
Price to Book ratio of 2.46
Price to Free cash flow ratio of 10.80
EPS growth of 32.60% for the past 5 years
LT Debt to Equity of 0.21
P/E ratio of 8.74
Price to sales ratio of 1.18 times sales
Both weekly and daily trends are bullish and suggest price can hit the following targets by the following dates (or sooner):
🎯123.70 to 132.17 by May 11th 2023
🎯134.52 to 164.04 by July 21st 2023
Best of luck!
Cheers,
Ivan Labrie.
$BTCUSD: Weekly uptrend continuation...Bulls did it, we now have a continuation signal indicating the weekly base we had earlier this year was a longer lasting bottom than expected...
I'm long crypto since last night (bot positions back after 3 day charts triggered bullish trends in various coins).
Let's see how this goes, promising start. If we end up moving towards the 45k zone we could be on to something here.
Best of luck!
Cheers,
Ivan Labrie.
$TSLA: Correction is over?Looks like $TSLA is about to rally and head towards $255 next...the daily trend which was down is now reversing to the upside once again, so it is a low risk idea to go long today if price holds up and doesn't go back below yesterday's close.
Best of luck!
Cheers,
Ivan Labrie.
$TAN: Solar names primed for a move upIf the ETF crosses the $84.03 mark during next week a huge rally can take place, daily charts are already bullish for a few days, I got into a position in $FSLR, $ENPH and $RUN recently, but might add an ETF position in $TAN as well if the weekly signal outlined here triggers.
Note that price crossed over the entire post COVID low till today Volume Profile POC here, which is an interesting technical variable, as it becomes easier to trigger a longer term trend signal as well if it gains traction next.
Best of luck!
Cheers,
Ivan Labrie.
$EEM: Long term bottomThe time seems to have come to consider allocating to Emerging Markets here, I am thinking of entering a position today. India and Mexico are set to benefit from decentralization of supply chains, China is about to get stimulus to consumption from govt, and AI is generally a source of growth and higher efficiency for the world going forward (solves the issue with demographics deteriorating). Oil has fallen enough to create a long term tailwind to earnings going forward and demand destruction from it being too high is out of the way (its effects were felt in a recession that took place, combined with CB actions causing further damage.)
Now the Fed has to reverse course, as a bonus, and China credit growth is accelerating again (after being negative for a good while)
I would secure some gains in healthcare to get an Emerging Markets allocation, I had a big position in the top profitable healthcare names as a defensive bet, but AI changes many long term levers here. I do like the idea of trading healthcare actively though, but Emerging Markets seems like a better proposition now and healthcare names are over extended (like NYSE:LLY , NYSE:TMO , NYSE:WST , etc.)
Many valuations are very attractive in Asia currently, and technical setups are getting traction. It's go time.
Best of luck!
Cheers,
Ivan Labrie.
$ETCUSDT: Bullish trendMaybe it plays some catch up to $ETHUSDT here on the back of the Shanghai upgrade potentially being seen as a source of sell pressure by market participants, chart is certainly bullish if it closes the week over $20.78.
One of the dumbest coins around, only miners and some degenerate WSB guys have any interest in it (and Barry of course), but it is what it is. Low risk trade setup for a small position here.
Best of luck!
Cheers,
Ivan Labrie.
$ETHUSDT: UpdateWeekly trend which I was anticipating is now confirmed, odds of triggering the monthly with targets close to 10k is closer to reality now...It merely needs to move over 1886.27 this month to confirm that outlook.
Risk is a drop under the recent consolidation (and a bit of wiggle room to be safe, I suggest using half an ATR from below the box).
If you missed previous crypto entries this is a good time to join.
Best of luck!
Cheers,
Ivan Labrie.
$DXY: Down trend continues...Looks like the recent rally in the Dollar came to an abrupt end a while back, we had a substantial move up in Gold, Silver, Bitcoin and foreign currencies vs it so far, now we get further confirmation of the coming decline in it, today a daily signal will trigger on close, and this week, a large weekly signal might confirm as well. All hinges on FOMC's outlook, but I suspect it's already a done deal (will further accelerate Dollar weakness likely).
Likely a good idea to not own cash going forward, and rather own assets. That's the message here.
Best of luck!
Cheers,
Ivan Labrie.
$BTCUSD: Long term projectionHistorical projection for #Bitcoin here, it is acting in a way that makes me think we saw a long term bottom already, weekly trends have worked well, could go sideways here, for a while, but daily trend is bullish currently. I remain long and patient, but not using leverage at all...The daily trend suggests we could see 31k soon but price needs to hold over yesterday's low pretty much for that to remain valid. Weekly target was reached today, and price retreated since, so I have a slight suspicion that it might remain sideways for weeks to form a new trend signal from this zone, provided the trend stays up.
The bear case is if price doesn't remain contained sideways and instead drops gradually towards 22500 within many weeks, that would be the worst case scenario here. Let's see how it shapes up, best of luck!
This might give ALTBTC pairs a chance to shine, provided trend remains up and #Bitcoin stays sideways, my automated alerts for crypto pairs will prove to be tremendously useful here.
Best of luck!
Cheers,
Ivan Labrie.
$PAAS: Weekly trend confirms on close, daily bullishI like the setup in $PAAS here to get some #Silver exposure now that silver's trend is bullish in the daily and weekly can fire a spectacular signal in it soon.
Best of luck!
Cheers,
Ivan Labrie.
$PFE: Trend signal predicts a bottom$PFE has a similar setup to $MRNA here, both are attractive buys from a valuation and technical standpoint here and have been beaten down lately due to the situation with rates, banking woes and negative news about COVID vaccines, COVID lock downs, etc. (a general more negative perception of health measures taken by the US govt since 2020 likely part of the reason for the decline here)
The companies still have valuable IP and profitable businesses that can rerate higher over time, specially now that the broad market appears to be trending up long term again.
Best of luck!
Cheers,
Ivan Labrie.
$HACK: Cybersecurity is a good position to haveI like the idea of keeping 10% in this ETF, and periodically selling calls OTM each month as a way to generate extra yield on the capital allocated to it.
The recent Vulkan Files leak might serve as a short term catalyst, but the technicals were already favoring strong upside from this base before, and broad market conditions favor a bull market resurgence.
Best of luck!
Cheers,
Ivan Labrie.
$BABA: Strong baseI like the $BABA base that triggered a huge uptrend signal after news of the company being broken down in child companies for each main division by the govt., which would give investors exposure to potentially larger growth potential in each of them separately, rather than as a conglomerate. I have a small long term position but looking to increase exposure on any dip here.
Best of luck!
Cheers,
Ivan Labrie.
$KPTI: Low risk buy signalNice setup in $KPTI, I suggest buying these names with small positions considering the volatility that can occur after catalysts when new data is released, or around FDA approvals, etc.
Upside can be substantial though, so if technicals and fundamentals align, it's worth keeping some exposure.
Best of luck!
Cheers,
Ivan Labrie.