johntradingwick

johntradingwick

Myth: If the price approaches a level repeatedly, and gets rejected from it, this means that the level is very strong. Reality: After each touch, the level becomes weaker and weaker due to the absorption of the residual orders. Underlying concept: 1. Whenever the price keeps approaching a certain level, there are pending sell orders that are waiting to be...

johntradingwick

Myth: If the price approaches a level repeatedly, and gets rejected from it, this means that the level is very strong. Reality: After each touch, the level becomes weaker and weaker due to the absorption of the residual orders. Underlying logic: 1. Whenever the price keeps approaching a certain level, there are pending buy orders which are waiting to be...

johntradingwick

P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk

johntradingwick Updated 

Things to Note: 1. Bullish Market Structure- Printing HH and HL 2. Price forming an Ascending triangle pattern 3. Following a rough uptrend line 4. Volume is low atm but it should expand at the BO P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk

johntradingwick Updated 

Things to Note: 1. Bullish Market Structure 2. Expansion in Volume 3. Pierced above ATH 4. Change of polarity of ATH level P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk

johntradingwick

Things to Note: 1. Hugging 200 EMA 2. Near Support zone 3. Volume is expanding P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk

johntradingwick

Just waiting for Litecoin to enter the price discovery phase. The expected levels are all marked on the chart. P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.

johntradingwick

Things to Note: 1. Bullish Market Structure 2. Possible formation of Inverse H&S P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.

johntradingwick

Things to Note: 1. Price moving in Megaphone Pattern for the last 2.5 months 2. The target level of this pattern on the upside is $35. 3. Nearest support zone lies at $28-30 4. On the downside, if 28-30 doesn't hold, we can see $20. 5. Since we are in the Bull market, it is more likely to BO to the upside. P.S: This is NOT investment advice. This chart is...

johntradingwick

Things to Note: 1. Bullish Market Structure- Printing HH and HL 2. Expansion in Volume 3. It may either BO and move to ATH OR Fall down to 240-250 level and then rise back up 4. Following a rough uptrend line P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk

johntradingwick

Things to Note: 1. Bullish Market Structure- Printing HH and HL 2. Expansion in Volume 3. Price forming an Ascending triangle pattern 4. Following a rough uptrend line P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk

johntradingwick

P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk

johntradingwick

Things to Note: 1. Bullish Market Structure- Printing HH and HL 2. Price is consolidating in a narrow range 3. Contraction in Volume 4. Price forming Triangle pattern/Pennant P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk

johntradingwick

Things to Note: 1. Market Structure Intact - Printing HH and HL 2. Currently trading above Highest Weekly close level 3. Price is consolidating in a narrow range 4. BO from the channel can lead to a test of 1.80 region P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital...

johntradingwick

Possible scenarios I am looking at: 1. BO of the flag 2. Drop to swing low and then BO of the flag P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk

johntradingwick

Possible scenarios I am looking at: 1. BO of Ascending Triangle 2. Consolidation before the next leg up to ATH P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk

johntradingwick

Possible scenarios I am looking at: 1. BO of Pennant and test of ATH 2. Break down of pennant and retest of 1.20 area P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.

johntradingwick

Possible scenarios I am looking at: 1. BO and retest of the highest daily close(case 1). 2. Consolidation and then BO(case 2). 3. Drop to the lower boundary of the rising wedge and then Pump(case 3). P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.