Hello hello! Please take a moment to read the description on my profile. Ensenada, Mexico needs our help! Anywho, LRC appears to be possibly bouncing off a strong support here and moving within a very slightly descending channel. I see it as a fairly easy 8-10% trading within the triangle and below/at the 200 day EMA. This support line had strong bounces all the...
Yesterday I set a tight stop loss on my short position before hopping in the car to drive to Las Vegas for the WSOP. I found myself wondering where all of the bearish momentum had gone, and I was more than half expecting to get stopped out before arriving at my destination. Resistance held strong and now we are waiting to see what will happen at the $7,600...
As expected, NXS had a pretty nice run, but I still think it has a ton of potential. This is a higher risk setup, but I think we're nearing the end of the sell-off after the Binance add. We're hitting strong support with a confluence of FIBS, the 200 EMA on the 4 hour, and decent RSI support. If it drops below the green box I will exit the trade.
Yesterday I said that I did not expect this trading range to hold for another 24 hours. Less than 30 minutes after posting that chart the price started pulling back. However it quickly found support at $7,480 and created another higher low. That had me reconsidering my short position on Ethereum. I moved my stop loss to slightly above the last high ($617.76)....
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Yesterday I was watching what happened as we were trading at “strong resistance”. I fully expected to see a lower high lead to an eventual breakdown of the trend (green dotted) and triangle (pink solid) support. After my daily post we got multiple reversal dojis at resistance and that made me feel even more confident in my position. I was surprised to wake up...
EURUSD has crossed its trendline and retested twice. A fractal pattern also formed just before the crossover, suggesting a reversal. Today, the pair moved towards and pulled back from its 100MA. This is an opportunity to enter long. Price targets are set at Fibonacci levels with respect to the past downtrend. SL: 1.1645 TP1: 1.185 TP2: 1.196
Today is the 100th post of the daily update and I want to give a big thanks to everyone who is following! I also want to give an even bigger thanks to the individuals that take the time to like and comment, each one is greatly appreciated! Thankfully I get to make a favorable post on this memorable day. Yesterday I was “expecting a small bounce from $7,385”...
Today's news drive presents a perfect opportunity to enter short. This move was counter-trend, formed a fibonacci pullback and has set up a slingshot that aligns with the trendline. SL: 109.85 TP1: 108.4 TP2: 108
Over the last couple days I have been warning about an ideal setup for a bull trap and today it looks like that was the case. Thin order books and lower liquidity make it much easier for a whale(s) to manipulate the price. That person(s)could cause the price to breakout of the 26 day downtrend (red dotted) and push the price above $7,600 without needing as much...
Yesterday I went to a wedding shortly after making my daily post and have been away from the charts for almost 24 hours. This morning I woke up bleary eyed and am trying to get back into the swing of things after eating way too many carbs for breakfast. The price of Bitcoin continues to grind upward after breaking through the 26 day downtrend (red dotted). The...
Yesterday I was watching closely as the price of Bitcoin approached the 26 day downtrend (red dotted). I was preparing for resistance from that trend line to cause a breakdown of the 5 month triangle (purple) and sell off to $5,000. I have been selling spot Bitcoin and Ethereum over the past 48 hours with the intention to buy back. My first order set at $7,550...
Yesterday I was watching closely as the price of Bitcoin approached resistance at $7,600. That is the first key level of resistance that was outlined in Day 93 . There was established horizontal resistance (white solid) as well as the 3 week downtrend line (red dotted). I have been expecting a retest of that trendline since 5/25, when I drew the maroon arrow....
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Anticipating a bigger trade but it appears a small trade can be made now. Will post a new idea as it forms. For now, just riding the momentum after this small pullback. SL: 109.1 TP1: 108.45 TP2: 108.12
Yesterday I reaffirmed my short term bearish outlook, but also mentioned that we could get a dead cat bounce over the next two weeks. In the post where I outlined my reasons for turning bearish I also outlined 5 major areas of resistance that I will be watching out for. The price pulled back yesterday before reaching the first area of resistance that I...
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price found support zone and the price looks very pressured into breaking out as well so I'm hoping buyers will come in strong.