CGC Bull breakout from high 2 / nested wedge bull flag at EMA. Prob second bull leg up from Dec rally, but selling pressure above around $52. Mostly sidways in a large trading range since July 18. Probably some profit taking here or new all time high.
CRON CRON reversed down from a parabolic wedge and tested below the 1/28 bull gap and the previous all time high. Bulls still have gaps open below and are currently trying to close the bar on its high for a high 2 buy setup off the EMA. But decent selling pressure over past few weeks, possible second leg down before bulls return.
ACB 4/26 Failed L2/ nested H2 /Breakout pullback test of all time high in ACB. So far this week is a small doji bar, and small range of previous few weeks. Bull gaps still below, if prices test below last weeks bull bar prices will likely test the EMA and below the 8.00 big bull bar gap.
HEXO 4/26 Bull breakout of failed bear reversal, outside bull bar H2 variant, new all time high this week. Good buying pressure, still bull gaps open below, the most recent being just above the EMA at 7.75.
TLRY TLRY had a strong bull rally soon after it went public but formed a buy climax (tail). Since it has been correcting down to test the bull breakout. The selling pressure is not great and is accelerating, possibly setting up a wedge bull flag soon. If the bull gap from around $35 stays open it will increase the chances of bull trend continuation. If it is...
Where are hedge fund managers pricing their fibonacci's? Quick notes: Fibonacci major resistance at 61.8% - good sign RSI back to par Stochastic crossover below lower threshold MACD may swing back to crossover but need more information. Resistance at 50d moving average Using 1h chart because things are happening VERY QUICKLY on this stock. Psychologically at...
Yesterday I made the case that presuming the end of the bear may be a bit premature. Comparing the weekly chart to the weekly chart of 2015 shows this as well. I'm comparing this weeks candle to the candle of the 29th of June. Now here is where I'm being a bit premature, as this weeks candle is still young and bitcoin being bitcoin could close anywhere between 0...
With the DXY in a crucial area laying in line with the 78.6 % Fibonacci level as well as a potential head & shoulder pattern, we may see this pair shoot to the upside. However, we have breached the descending trend line and closed above. This may be a false breakout or we will see a break & retest to push price higher for the USD. If the latter occurs, we should...
Hey Everyone! First, here's a static picture of the chart we'll be discussing. Something I do very often is get lost in the charts, comparing old data to new, recycling old methods and even memeing technical analysis like the Wall Street Cheat Sheet based off psychology. Today, I decided instead of overlaying the two like I would usually do, was to just...
Okay, so not a pair I usually trade or analyse but it was requested and I humbly accepted. So we can see bulls are in control at the moment, I see an upside move of around 80 pips before we can see a good reversal zone met. I will be looking for the descending trend line to be respected between the 71%-88.6% Fibonacci zone. This will also be a good rejection...
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
Crypto mental health is important. Especially for BITFINEX:BTCUSD traders. Never forget where you're basically at. This sort of perspective becomes second-nature. Hardly matters, depending on strategy. Smile :)
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...