benjihyam

benjihyam

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--...

benjihyam Updated 

We've seen an incredibly large rally in stocks, which has taken UVXY lower than I expected, but as long as we bounce at support here, the idea is still valid. The support on the chart is retesting the move that we broke out from end of March. There was a lack of balance on the chart as we saw a 130% move over a 5 day period. So we're going back to retest that...

benjihyam Updated 

TVC:VIX looks to be bottoming here and I think the next move higher is going to be the big one I've been waiting for. We did well last month catching that move into April 7th via UVXY calls. I started buying calls again April 24th for 5/30 - 6/20 and have continued buying as VIX has declined. Now the chart is finally looking like it's bottoming and I'm...

benjihyam

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.

benjihyam

Most people are thinking that we'll see a correction that goes back to the $560 area and then from there, we'll go to new highs. They also don't think it's likely that we'll retest the lows from April and think it's nearly impossible that we'll break the lows. However, my base case is that we will break the lows. Yes, in the past, most dips like the one in April...

benjihyam

After the last fall, I thought that we'd see a more significant bounce, however the lack of follow through on any bounce attempt has me now looking for more downside. I think it's very likely that UNH continues lower here and falls to one of the lower support levels. I think the two lower supports are the most likely levels for a good long-term buy. Let's see...

benjihyam

NASDAQ:AAPL doesn't look that great here. The rejection of $212.58 a couple weeks back left us with a double top at the highs. Unless we can retake that level, I think more downside is likely. I've marked off key support areas on the way down. Let's see where we end up.

benjihyam

The yen strengthening is what preceded the last market selloff and it looks like it could also be the cause of the next one. If we look at the chart, it seems like we've now formed a massive top. If USDJPY breaks through support at 141.33 that should be the initial trigger for a short. Below $139, under the wicks would be the safer play. I could see the move...

benjihyam Updated 

AMEX:USO broke down from a long term that started in March 2020 and is now breaking down below support at $67. The most likely outcome is a continuation down to the lower support levels at $29-33. I won't rule out the possibility of one more retest of the trend line ($73-75) before continuing down further. An invalidation of the short would be a break over the...

benjihyam Updated 

TLT looks to be breaking down out of a bear flag. We've already had multiple touches of the lower trend line and now it looks like price has broken through. I think the most likely target is $79-80, but I've included multiple supports just incase we see a larger move than I'm expecting. I'm looking to buy those levels should they hit as I think we'll see a...

benjihyam Updated 

All of the tech stocks recently have had a large moves to the upside, yet Apple has yet to have one. I think Apple is lagging the other names and is likely to have the same kind of move to the upside. I rarely trade short term, but this one seems like a good setup. I took a trade for 6/6 $235C to express this view. Let's see if it plays out.

benjihyam Updated 

Similar to my analysis on AAPL, I also think Google looks good for a long. I could see the possibility of a pullback down to support(s), but then that would setup a decent long up to $190+. The structure looks like a bottom and many of the other Mag7 stocks have seen big runs, I think Google is likely a laggard and should move up to the resistances in the coming...

benjihyam Updated 

NYSE:BBAI looks set to run higher here. As you can see, we've broken out of the bottoming formation and have now retested support. As long as we're able to stay above support, we should see a large move higher up to the two resistance levels. Let's see how high we end up going. Think it's very likely that we end up going to the top of the range.

benjihyam Updated 

Despite the bearish move in QQQ today, I still think there's another move higher. I think it's likely that we go and retest the ATHs at $538 (so another 5% or so up) and then we find resistance there and start one last move down to $318-$383. Only after we see another leg down, do we see new highs. Marked off support levels to the downside. Invalidation of the...

benjihyam

I think it's likely that we continue higher from here. I could see us finding a short term top somewhere between the 3 resistances above. Let's see how high we go. $396 is the target I will likely taking profits.

benjihyam Updated 

While I do think CRYPTOCAP:BTC will ultimately still see a larger correction, I can't deny that the chart looks bullish here. I think we're likely to see a final move over the next week or two up to $107k-108k to retest the prior highs. I think the middle resistance at $108,183 is the most likely target for the move. After we hit that, that's where I'll start...

benjihyam

CRYPTOCAP:ETH is rejecting resistance here. Unless we can flip it as support, then it looks like new lows are coming. I think the most likely level to find support is at $753, however I marked off other levels that are important incase we find support there. You'll want to bid these levels because they'll be the buy of the decade, should we get down there.

benjihyam

Sol looks to be rejecting resistance here, which sets it up for a large move lower. I think it's likely that unless price can flip the resistance above as support, that we revisit the support levels. Pretty simple chart. All of crypto looks the same, look out below.