S&P New All Time Highs - Risky Buy
The Emini and S&P 500 made a new all time high again today, leading many to believe this market is still strong. In some ways it is, but it is more important to realize it is also in a bull flag trading range. This makes it a risky place to buy up here. This is where strong bulls who bought lower will start looking to take...
Wow, what a couple of months... and weeks... and days... and hours! What the hell is going on with BTC!?
Now I know this post may get taken the wrong way to begin with so lets lay a few ground rules first;
1. This is just a scenario. Nobody really knows what BTC is going to do next, so no, I'm not claiming to predict the future.
2. I know the pattern is...
It could happen. If this breakout rises as fast as the last one then $91K by the end of the year is not impossible. Of course that's no guarantee, just an observation based on the chart and past performance. And we all know the disclaimer about past performance. Even so, it's possible.
ETC Long Map Asked By Dear Brother @fisicomin.
ETC Was Called from us a sleeping king since Jul 20 Now "Sleeping King" wake up and He wants to make glory.
this is a long map for ETC pass in fib and other tools.
we have active trade at 0.0021 first target is done
but if you want to be an investor set you targets at
0.0.11 300 %
Trading is hard work - But no one wants to hear that it is hard work. Everyone wants a short cut. A short cut does not exist. If it did - everyone would use it and the market would cease to exist. Everyone who starts out trading is lured in by the profit potential. You might get lucky and make a quick buck. But over time you soon realize that trading is a job, and...
BTC did a nice impulse up but failed to break the previous high. We are currently retracing and are near the golden pocket where I expect price to bounce.
We should monitor PA around the manage trade line.
Once we get past this resistance chances are very likely that we'll see a re-test of the previous high where the eventual end target for this trade is.
Price has created a Bull Flag chart pattern which has a Bullish bias (LONG TRADE).
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is...
In a previous post I talked about this being a risky time to buy for a long term investment in the S&P, Emini, SPY, or MES. Despite what the media may want you to believe - this market is no longer in a strong bull trend. If it was, prices would break out strongly above previous highs. But what is happening instead? Prices go mostly sideways to down,...