Part-Time Trader
@PartTimeCharts
Part-time trader, full-time chart obsessive. Ideas only, not financial advice.
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🧵 Why $BTC is going to $3k despite the Nasdaq heading much higher in a climax of the AI bubble... 1/ Recent weakness in Bitcoin many by surprise, but I have been saying all year that cryptocurrency is topping out and heading into a prolonged, brutal bear market.
$META Blue or red path? I suspect we could see a bounce towards $1k, given my bullish view on the rest of the tech market. The end result should be the same, though.
I've written a whole thread on this. Bitcoin miners are pivoting to more profitable AI / HPC income streams. It's also possible that they will dump their BTC holdings to cover the capital costs of doing so, putting further downward pressure on crypto. Enjoy.
You think BTC goes down, but RIOT up? Make it make sense 🤔
$NDQ Following the path I laid out, but pullbacks are shallow. The tech market looks incredibly bullish. Nasdaq is now consolidation above a key s/r level and has broken the downtrend. Should be good for $RIOT, too.
$NDQ $NQ I've believed this to be a bullish correction for some time. Market has tested my patience, but I still think this looks good.
Man, I'm going to enjoy coming back to these posts next year.
I was just debating on wether I should call this post out for it’s absolute absurdity but luckily you already did. I think that movie idiocracy is becoming a reality.
$ARM Not immune to the brutal drop in tech stocks this month, but I still think this presents a great buying opportunity. Looks like a complex inverse head and shoulders. The AI bubble should continue for a while yet.
$ARM Up 25% since my call last month. Now back above the key resistance level. First technical target outlined, but I think this could go higher. The AI boom is not over. Exciting times ahead.
$QNT Request from @gimmegood2 Not looking good here. Potential path, targets and triggers laid out.
$FART Request from @Shakess11 Adam and Eve top. Neckline breakdown gives us confirmation.
$WULF Request from @JoeCollins97317 The reclaim of $10 is huge. Time to fill that inefficiency (highlighted in pink) back to ATH. Enjoy.
Cool story.
Lmaoooo look at the cope in the replies. No disrespect to TXMC. He’s one of my favorite accounts and he could be right. I am no expert on what happens as far as short term price action. But maybe focus less on the 5 minute chart and try to understand what’s happening? People are…
Rumor Circulating: The U.S. is contemplating a multi billion dollar investment in $MSTR and they needed the mNAV to be 1 before it made sense for them to invest so they manufactured a crash on bitcoin
Taking chart requests for tomorrow. What should I cover? Preferably not something I've already charted...
$NDQ $NQ I've believed this to be a bullish correction for some time. Market has tested my patience, but I still think this looks good.
$RIOT This is about as good as it gets from a risk:return perspective. Backtesting the downtrend, weekly RSI reset with a hidden bullish div. Reclaim of $14.5 would be incredibly bullish. Looking to add more if that happens.
$NDQ $NQ Still looks good to me. Fear and greed index hit six on Thursday, despite the chart looking like this. Getting April vibes from tech stocks.
$NVDA I still like the look of NVDA here. Big news on Friday with the US potentially approving sales to China. Weekly RSI being reset as price consolidates about the trendline flip. Red path still a possibility. Let the AI bubble continue!
$NVDA The breakout is indisputable now. Following the red squiggle I drew six weeks ago perfectly. Let's see how high this one goes. Smaller cap AI and HPC companies are going to rip.
Let the AI bubble continue. Perfect timing to save $RIOT 🤝
🚨 BREAKING: Trump team internally floats selling NVIDIA H200 chips to China. $NVDA ripping on the news.
$RIOT I will wait for the weekly close before coming to any conclusions on this. HTF, it still looks like a backtest of the trendline flip. It would be absolute brutal if it fell from here, having just broken out from a three-year channel. Let's see what the day holds...
$ETH Has to get back above $2.8k for a bounce. Otherwise, the next target is $2k. In either scenario, this is absolutely cooked longer term.
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