OGI has completed another trend up from the federal news about a push for legalization of marijuana as a handout from incumbents seeking another term. My recent idea on OGI as to demonstrate its suitability for high return short duration swing trades to add compounding into the profit and returns. The increased volatility due to the federal news only adds...
I expect a drop of about 20+- points all the way down to 5295 from 5310+- Stop Loss 5322+-, take profit is 5295+-. I am risking nothing but if I had not traded today I would possibly have risked 1 unit of the Micro E-mini S&P 500 Index Futures (MES).
VeThor Token (gas of CRYPTOCAP:VET ) is pulling back to 50MA support and looks good for a bounce followed by a bullish continuation from here. ⚡️⚡️ #VTHO/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 4.9% Current Price: 0.003380 Entry Targets: 1) 0.003304 Take-Profit Targets: 1) 0.004978 Stop Targets: 1)...
Nextracker went public in early 2023, which were dark days for solar energy. However, some traders may see brighter times as the industry rallies. The first pattern on today’s chart is the series of higher lows since early last year. Is a longer-term uptrend taking shape? Second, the most recent trough occurred near the 200-day simple moving average (SMA). Its...
www.blockchaincenter.net Investors’ confidence in Bitcoin (BTC) has somewhat dwindled as the king of crypto fails to go above $69k. However, the Bitcoin Rainbow Chart revealed that BTC was actually mimicking its 2020 trend post-halving. The revealed that after months of its third halving, the Bitcoin Rainbow chart revealed that the coin entered the “BUY” zone....
With a rounding bottom reversal in the daily chart, PEPE creates a massive bull run, creating a new all-time high. However, as it ends Monday on a 4.26% positive note, an intraday pullback of 4.25% is visible today. The pullback undermines yesterday’s jump and warns of a correction spree in the coming days. As per the Fibonacci retracement levels, the meme coin...
Not much has changed since the last update. As the PPMs start to show a loss of momentum, the price starts tapering off. The upward momentum of price has been stopped. Today's rise seems to have broken above the trading range, but I'm not sure if it can continue its momentum upwards for too much longer. The PPMs on the daily chart show none in trend. The weekly...
SBUX on a daily chart with two sets of VWAP bands anchored to dates back in one year ago and two years ago shows SBUX to be at the same price level as the low pivot of 2022. Price has bounced off the lower most of the VWAP bands and moved up in the past three trading days with higher than usual volume. I believe that short traders are buying to cover and...
TSLL is an ETF of TESLA instruments leveraged 50% - while TSLA has its own range percent from its volatility TSLL does this even more at a lower per share price. On the 4H chart, TSLL can be seen pivoting down in a VWAP breakdown from a high about July 19th. It is now in deep oversold territory supported by the redline of the second standard deviation line...
COIN has a big jump July 13 after some good news on SEC litigation against crypto and a court ruling was issued. It is shown here on a 15 minute chart. Since a double top it went sideways for a week and then down trended. The anchored VWAP bands serve to give context and serve to show dynamic support and resistance price was at the mean VWAP on July 13th...
The tide may be turning for the US dollar. After a period of strength, investors are growing less optimistic about the greenback as recent economic data suggests a slowdown in the US economy. This shift in sentiment is reflected in positioning data from the Commodity Futures Trading Commission (CFTC), which shows a net short position on the dollar for the first...
I'm keeping this simple: the current Bitcoin price is under the 2 Year Moving Average and the 3 Day RSI is showing oversold. In the past, the combination of both these factors indicated a good buying opportunity for the rest of the cycle. We can't know how much lower bitcoin will go, or how long it will stay at current levels, but I will be buying regularly again.
Following my first plan to start Dollar Cost Averaging Bitcoin again (see below) We now have a Cycle low signal printed on BTCUSD. This signal has been significant during the past two cycles and I do not expect this time to be different. It will be interesting to see how the macro environment plays in this case, as it is Bitcoin's first cycle within a major...
This is one of those charts that does not need a huge amount of explanation. It is a 5 day chart comparing October 2020 (prior to the bull run that followed over the next 6 months). There are many fractals with that time and the present day. 1) Notice the life cross? Green arrows. 2) Notice the 5-day/200.sma resistance before the breakout? Red arrows? 3)...
Moving averages can be extremely powerful indicators if you understand how to interpret them. Understand how the 9 EMA, 50 EMA, and 200 EMA move in relation to eachother.
A detailed analysis of the daily chart shows that the $72K-$74K price range has acted as a formidable resistance for bitcoin, halting several upward attempts in recent months. This range is characterized by a high level of supply, resulting in substantial selling pressure and making it a challenging barrier for BTC buyers to overcome. Bitcoin buyers have been...
AMEX:SPY May 27, 2024 15 Minutes For the day my range is fixed between 532 - 524. All moving averages have converged in 15 minutes. For the sharp fall from 533.07 to 524.73 AMEX:SPY resisted around 618% retracement being 530 levels. If a consider the rise 524.73 to 530.27, holding 526.5 today i have a target 530 - 532. If AMEX:SPY closed below 526.5 in...