I highly recommend this setup when looking at a daily bitcoin chart. Heikin ashi candles average out price movement and are a great way to reduce the noise when thinking about trends. A drawback of this is that if violent reversals happen, the heikin chart may lag a bit behind... so that's why I like the dual pane view. The trend is your friend friends. I also...
GOLD/TIP ratio has taken some noise out of the ver emotional Gold chart, zooming out a little to 3d we can start to look a little more rationally. The chart speaks for itself, I have raised some cash in the hopes of repositioning on more silver over gold (though gold is the barometer for the wider PM market). I will look to scale in over a few weeks where...
#wallstreetbets - I support your movement. Please feel free to use the CICO Report, Cashflow tool and Position calculator to permanently silence market noise. The total sum on the CICO report on GME is astronomical.
Bitcoin is poised to break out, but needs to clear the high 7600's decisively in order to clear the way for 8500. Price action continues to gyrate within a very wide support zone and the development of the recent failed low structure is exactly the type of broader reversal pattern that we want to see in such an area. The point of this article is to shed light on...
In this video, I update my recent Bitcoin evaluation that I published on Sunday. The idea here is to further explain our thought process, and reasoning behind our recent swing trade long idea. I would love to hear your feedback on the video format.
Hello, I know most of us don't want to see 5k levels again but I'm a swing trader. I trade on weekly and monthly candles. I was really impressed of that 40% move by $BTC. I was expecting a green monthly candle because it was due see the past see the market. Market can't go down 12 months an year. I was out of my short position after $7500. I don't long until am...
I like how news headlines blame the trade war and impeachment every day. Maybe people don't trust the stock market and want their money. Also, I recommend using the CICO Report for a logical view of the stock market. I suggest trading with a logical frame of mind and ignore the BS emotionally triggering news. If you are emotionally triggered after reading a news...
AAPL Printed a two candle formation known as a "Bearish Counter Attack". This occurs with one up, green candle first day. Second day sees a gap up open, then red, down candle that closes at the same area as the previous up day closed. In the case of AAPL, it was within one cent. Some research has revealed that this formation results in a down day the next day 57%...
Bitcoin update: Besides the minor sell off during the beginning of the month, this market has been one big non event. Gyrating between the 3700 resistance and the 3450 support, short term opportunities have become very infrequent. In tight consolidations such as these, there are really only 2 scenarios to choose from: buy into the fake out at support, or WAIT for...
I'm posting a chart with absolutely no trend-lines, pennants, or any other sort of TA attached for one simple reason; I want to turn down the noise and just reflect on what's happening. Imagine a spring. When you compress or pull the spring and release, it moves back and forth until it finds equilibrium again. The market also acts as such except the spring...
Seriously nothing can go wrong!!