BallsOfSteel32

BallsOfSteel32

I have been scarce after getting rekt! So heres a chart idea I see playing out in the very near term.

BallsOfSteel32 Updated 

This is just a chart idea. Not financial advice.

BallsOfSteel32

I will be bringing my average cost down buying in the square marked buying zone. I don't see much more risk for downside. If 80 or 60 happens, so be it. See you next bull run in that case. I don't think this one is over folks. We are holding above the .786. If we bounce from here, this might be the beginning of the uptrend. Ill be watching the fibs that...

BallsOfSteel32 Updated 

This is just a chart idea. This looks like a text book bear pennant. But the market always have a way of surprising me. I am very curious to see how this situation plays out. The Rsi is low currently. We are currently sitting at a key level of support. On the run as a whole, its interesting that the major resistance and support areas of the stages of this...

BallsOfSteel32

I had an initial trade set up from 158. This stock has blown well past my first two major targets. These are both major supply areas marked in black. I am holding as this momentum seems to continue. Each new impulse has had a healthy retracement to at least the .5 fib. The 8 hour, daily, and weekly charts all look very strong. I had to share this idea,...

BallsOfSteel32

We continued to the downside, contrary to what I was expecting. So now we are looking at the weekly chart. This is just another iteration of my previous ideas. This time, you can see the levels of resistance and support align with the fib levels. This retracement has gone deep into the gains of the last impulse. The Chart shows a potential for continued...

BallsOfSteel32

The price action hangs on a strong support at the 168-170 area. If this continues to hold, I believe we are breaking out to the upside. The price has been consolidating and has run out of room. This would also complete a head and shoulders pattern. I am looking for a break above the 208-214 resistance. I would like to see BTC continue to trade sideways and...

BallsOfSteel32

Looks like a mini IHS could play into the larger HS shape forming. This is just a chart idea. This is not financial advise. This is for my reference and record as a hobby trader.

BallsOfSteel32

sharing this cause its interesting that the rsi and price action is holding at the neckline of this larger shape in play.

BallsOfSteel32

Here is my first example of this concept put to practice. The final leg of these 5 points coincides with a large area of support. I hate to say bottom is in, but I am optimistic. The rsi is well neutral in all timeframes. Is the correction done, or will there be more blood? only time will tell! This is not financial advice. This is for my reference and...

BallsOfSteel32

The market has corrected in a big way, checking for deeper, larger support areas. Where we once had resistance, we have now checked for support. These 2 areas are marked with blips on the chart. The arrows are showing how resistance has been flipped to support. If this is the new floor, lets take the stairs. This is not financial advice. This is for my own...

BallsOfSteel32 Updated 

Look at the weekly chart. Major levels off the last all time run. I think anywhere from 9-12 $ is a good long settup Potential Adam and Eve Settup. First major breakout has happened. I took some ltc money and bought some eos. this is a fun little experiment. This is not advice. This is my opinion and view of the market. This is for my record and reference...

BallsOfSteel32

This is more just a chart idea. RSI channel mapped out. Potential rejection at the yearly high for a double top formation. This is not advice. This is my view and opinion of the market. This is for my own reference as a hobbyist trader. What a ride the last month.

BallsOfSteel32

Just wanted to share this snippet on the 30 minute chart. we have touched the golden ratio and are ready to continue upward. I believe the downside is behind us. Here is a channel that ill be watching at a lower time frame. The .236 fib may act as a temporary resistance on the way up. This is not advice, this is for my record and reference as a hobby trader.

BallsOfSteel32

In this chart, im going with the 30 minute time frame to show the breakdown of the market. The price action went bearish after the 330 peak. The price started breaking down slowly at first, until a swift fall through the .236 fib. The price ended up bottoming out right around the .618 fib, just shy of 239 at a key area of support. Key levels in this...

BallsOfSteel32

Here we are, trading above 271 at time of posting. RSI Leaving Neutral Northbound Bearish Case in Red Bullish Case in Green Looking for another touch on the rsi, on a valid top trendline Possible 3rd touch on top trendline potentially validating megaphone shape. That idea will be linked below.

BallsOfSteel32

Here we are again for the third time in a short while. Here, we are looking at the daily time frame. LTC has retraced off its last impulse and has already regained all of the losses and has made a new high for the year. LTC continuing to gain against a relatively flat BTC. RSI is still neutral, with room to touch the top line marked in red. Price action...

BallsOfSteel32 Updated 

There is not a third touch on either the top or bottom trend line. I am looking to see if these lines will be validated over the next several candles. This could be a possible megaphone formation. LTC has corrected off another push at the 240 range. This idea more in depth in my previous post linked before. RSI has fallen back well neutral around the 50...