Dave Barnhart maps intraday trades for IBIT and HOOD using Camarilla levels and moving averages. IBIT has bullish targets to $75 with support at $69.25. HOOD shows a double-top near $113 with bullish targets to $107.40.
Chapters
Good morning, traders. It's Monday, July 14th at 5:04 a.m. I've got two stocks for you today: Ibit and Robinhood. So yeah, crypto's been on a tear if you've noticed, and Ibit is on fire. We're above over 30 million, I believe, in in dark pool trades here, and then Friday we got another 3 million. And we've gapped up again today. You can see we're up a couple bucks on that one. And so yeah, let's go ahead and map this out. So pre-market, we're up here plus a couple bucks, and we're already at R4. So we're going to be bullish above $70, target $70.69, which is R5, $71, $71.50, $72, $72.50, $73, and $74. And 75, right? There's nothing above us at the moment. It's all price discovery. So, and then for the, for the day trade, yeah, we get it. We get above here. It's, um, if we're above the 4 and the 8 and we're moving, then stay with it, right? So on the downside, we're going to be bearish below 69.25 with a target of 69.6880, which is the R3 here. 6850, 6817, 68, 6786 is R2, 6773 is the Camarilla R4, and then 6753 is the retracement to R1 here. That's also around the 50 simple moving average, so if this actually pulls back, we can get back down to there. All right, let's go ahead and look at Robinhood. So this one's moving up nicely too. You can see here that there's a really nice trend moving up. We got a 1.7 million on July 8th, 91.27. And this is interesting as well. So if you're looking at Bitcoin, XLM, all the ISO 222 coins, look at July 8th. For the perfect— for it was a great entry on a lot of the cryptos there, but this one keeps moving up higher. We're almost kind of at a double top from this candle here, the high 188, and we're very close to that. The high here is 113, and so there was lots of volume on Friday, so let's see if that continues. We can retrace a little bit, so we're going to be bullish above 101. Right, it's very early, so we've got this 163 and the 178, which is R1. So let's see if we can get above this, maybe break, retest, come back up. Target 102, 102.55, 103.23 is R2, 104, 105, 106.25, 107.40 is R3. Right, so that's price discovery in there as well. Now on the downside, we're going to be bearish below 97 because we've got all of these pivots in the way. Then we've got our 50, 200, 200 exponential, and we've got a, we've got a print here as well. That's a smaller one from the other day, but bearish below 97, target 96.61. 96.05 right here is the CAM. 95.54, 95, 94.89 is S2, and 94.13 is the, is the CAM here. So if it continues down below here, if we break below this 94.13, then there could be a trade all the way down to 90 on this if it If it return, if it if it retraces all the way down there. But this here, we've got the four exponential moving average at ninety-eight, and then at ninety-six, we have the eight exponential moving average here. So yeah, if we break this ninety-four, then we can come all the way down potentially to ninety-one twenty-seven here. That that's a nice gap. So there you have it, there's your 2 trade setups for today. Please like and subscribe, leave some comments in the comment section below, and I hope you're doing well with these stocks we're calling out. All right, happy trading!
