Buying SPXL TQQQ and a few cawls. It's a selling climax. OFC it can still sell more. GLTA
The bigger the timeframe is, the bigger the move it may produce. Therefore, it can be good practice to define the direction of the price and your trading based on where and how things develop on higher timeframes. Another reason to use timeframes with bigger resolutions for the confirmation of your decisions is that a trade setup on one particular timeframe is...
This is a personal idea for reference purposes only. I don't recommend anyone to invest in this idea 100%. This is a long term idea so actual price action will be different. Hope u make a lot of money. Anything that doesn't make sense, please give me a comment. Please motivate me to develop myself and help someone needed. Don't forget to like and subscribe to my...
After reading the comments in yesterday's ARKK post I realized that I needed to clarify the post, particularly in light of what, in retrospect, was an overly enthusiastic title. I had hoped to call attention to the anatomy of an important price behavior that is important across a wide variety of assets and time frames. I also intended to highlight how I use...
We might see a nice bounce from Paypal within the coming weeks but i don't expect new ATHs i expect a lower low then for it to come back down to make one final lower lower later on but for now i am quite decently Bullish as the MACD is showing Bullish Divergence, The RSI is Oversold, The price is at Old Resistance, and the Volume looks somewhat like a Selling...
Hello my beauties. The pair seems like it'll be facing quite a bit of weakness in the next weeks/months, according to Wyckoff schematics. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
Hello my beauties. I noticed that the pair has come to a nice selling climax, and given the strength of the AR (automatic reaction) in proximity of the long term bearish trendline that was broken to the upside, I see this as a possible accumulation. Personally, I will wait for a nice spring below the TR (trading range, in red) to enter a long trade and gain some...
Bitcoin bagholders and gamblers are running for the exits again. All are selling at the same time and the price collapsed very fast. Not much new to say. Let's look once again at past examples. A few pictures are worth a few thousand words. Capitulation of "the bull market is back", the price was down 40% in a single day We can put the 1 hour charts side to...
We recently had a massive spike in selling pressure at the bottom of a falling wedge channel and a 0.786 support floor. We managed to stay above support despite all of the selling which confirms this level as a support for this pair.. I suspect that the majority of the big sellers have already sold at these levels and that buying pressure may be able to pick up from here.
Out of all the crypto currencies out there few things have a better use case than XMR. Unless you are some sort of bank robber all the fiat you spend is anonymous because you are not important enough to track serial numbers on. The $50 you got for a gift either in cash or a giftcard isn't tracked in some immutable ledger like bitcoin, it doesn't show up in you...
Barring any catastrophic event in which BTC drops below 10k (because ETH hasn't decoupled from BTC), I think it is safe to say that it is very likely that we will never see ETH below $400 again (briefly dip below $400 is still possible). I will continue to accumulate ETH at all the demand zones until around $375 lvl.
ILMN is short-term to mid-term bearish, long term- bullish. Relief bounce is overdue as the selling pressure seems to be overheating and could soon be exhausted. ILMN is still a leader in gene sequencing with roughly 70% market share, but its short-term prospect is damaged by waning consumer interest and tariff. Looking for daily close above 275 and weekly...
UMA is another oracle player along with Chainlink and Band. Oracle is the pick and shovel play in the DeFi race.
Sasol has had a dramatic decline this week. Price has spiked below the downward stride (Oversold line) on the back of the drop in oil prices. Volume has been the highest recorded. This could be a selling climax with a reversal bar indicating the possible start of an automatic rally. The rally should be as volatile as the decline and could close the gap that was...
NASDAQ:TXN gapped down and fell on earnings day with high volume, but the stock immediately stabilized and found support. Notice how broken resistance and the August low mark a clear support zone. The long-term trend is still up and there are also two bounces off the 116 area in late October. Semiconductors are strong overall and I expect TXN to continue higher.
Since the end of August volume has been high on MTN indicating that someone is buying while everyone else is panic selling. Last week was the highest volume since October 2015. Following the Wyckoff logic we expect a Automatic Rally (AR) which will form the upper bounds of a Trading Range (TR). We will then have to watch if this is another redistribution or accumulation.