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Altcoin Market Forms a Bull Pennant
The Altcoin market has formed a bull pennant, and there have been two recent shakeouts below $500 billion market cap. Altcoins are currently rebounding, and I’m still optimistic for a bullish breakout on this next upswing. I’m bullish after shakeouts because they usually result in a strong rallies afterwards. For now I want to take […]Read More
Bitcoin’s Strong Rebound from the Bull Flag Lows
We are almost halfway into the week and Bitcoin has formed a strong rebound after the recent Sunday flash crash. There is a long wick back up, and BTC is likely trending up to fill that CME gap between $59k – $63k. It is very important to see if Bitcoin has a rejection or breakout […]Read More
SMCI Breaks Down After Earnings & Stock Split Announcement
SMCI underperformed in yesterday’s earnings announcement, and announced a 10:1 stock split. The parabolic rally has broken and SMCI is also breaking down from a bull pennant structure. I have $358.71 as a key support level to monitor on the way down, but SMCI bulls could step in earlier. I’m interested in buying whenever SMCI […]Read More