will buy at EOD if it closes higher than yesterday. Positive earnings.
Yesterdays chart I discussed multiple things of interest to me. Mainly we were watching the slow grind of bulls setting lower highs and lower lows on 4 hour to slowly drag price lower. As I was typing up yesterdays chart was when the bulls were showing some life and trying to shift that 4 hour trend back into the bulls favor. I discussed the low of $9651 we set...
In w/ small share size. Beginning a new trend? Nice 20 EMA slope. Decent R/R considering 200 MA as overhead ceiling.
Expecting bulls to keep the heavy bullish momentum going into this week. Target - $1370 for bulls.
Not a bunch to update. We got the break a few days ago we had been waiting for to allow for low risk entries into BTC. We were then looking for a bull flag or perhaps a re-test of 12 EMA to see if it could once again hold as support before giving continuation. We received the re-test to exactly our 12 EMA and bulls have taken us higher again today. Traders can now...
Nvidia has bounced up from a slightly higher low than its previous low. This may result in a bottom formation developing slowly over this summer.
GJ broke its downtrend, and it is now probably forming its next Higher Low. GBP news pushed it down today so, it either forms its next Higher Low, or dives back into the next 136.600 Support Zone.
$UAVS 1. recent contract news 2. Had major catalyst last month from news 3. Accumulation near .27-.30 range/ Insider buys insideri.com 4. Uptrend - making higher lows 5. low float / low volume I think this might have another nice catalyst.. IDEA 1. buy near support area .27 - .32 (Someone is watching the tape so I would scale out at any 6-8% and rinse and...
Stop in at $40.79. Cloud support. Green candles. Breaking the 20 day high. RSI above 60. Earnings May 11th.
Stop @ $13.54, 10 day low. Uptrend. Earnings winner. Range Expansion. 0.2% of capital at risk.
Breaking out of the rectangle, also fits the ascending wedge pattern with a break above. Will give it a shot and bet on the trend. Positive earnings. Stop set if it falls back into the consolidation range = trend failed. Wary of extended SP500, but following price as always.
Annotations and Ideas provided on chart General Idea: Possible Double Bottom, w/ second bottom forming higher low decreased selling on second bottom Price trading in oversold territory (below the channel) Unfilled Gap that also coincides w/ local HVN (not marked)
Looking at the fundamentals this week, we have the CPI data as well as the Core CPI data being released on Wednesday with positive forecasts as well as the FOMC Meeting Minutes later that evening. We then have news affecting a variety of currency pairs as we prepare for the OPEC Meetings, otherwise known as the Organisation of Petroleum Exporting Countries. This...
Litecoin update: I have to give credit to Andrew on this one because he has been calling this long in our chat room since it broke the 34 resistance. And now that Bitcoin has spiked higher (our first profit target at 3825 was reached), Litecoin appears to be on the move again. Andrew actually shared some valuable insight around the higher low and break of the...
Bitcoin update: Price continues to hold up and is now taking out the minor bearish trend line that has been in place over the previous week. It is nothing to get overly excited about, BUT it does add to the argument in terms of further strength. This entire space is not exciting enough to attract a constant flow of new money, so it needs surprise news or catalysts...
Reason to Buy 1) Making Higher High Higher Low 2) Double Bottom + Engulfing = potential reversal
This is my GBPUSD markup that I'll follow 'til Feb. 15th, 2019. I color code my zones to not confuse them with the others since I utilize multiple time frames. Patience.
Been a while and well honestly, market was boring so had nothing really to discuss. About 10 days or so ago was last post and we sat around $3400 and this morning we were sitting just around there still. And then things took off. $20k here we come! Right? Well maybe. So from some brief looks around, it appears everyone is all jazzed up about SECs quick statement...