Are you a bull or a bear? It doesn't matter much here to be honest. It's not hard to see where is the resistance and support for BTC. Are you a bull and you think BTC is going back to 20k and than 50k or maybe up to 250k? Maybe someday it will... But even if BTC found the bottom and we are in uptrend it's just very unlikely for the price to sky rocket through...
USDCAD Is Struggling to break the 1.3450 Zone Looking for bearish price action below the blue line to send us short With a strong push it should break the daily channel to the downside come up for a re-test and continue downward RED:SL BLUE: ENTRY GREEN:TP NO PRICE ACTION NO TRADE!
Looking to sell Dax at two possible elliot wave ends: 12485 or earlier at 11926 (its Pitchfork midline as well)
NASDAQ:ETSY Ignore that purple line, I didn't see it there when I posted the chart. Title says it all. Declining volume, Bear divs, Overextended, Head and shoulders, Nasdaq stretched overbought for the past few days. One catalyst and this will drop just like last time. Set your stop loss at new highs, easy play. I'm playing this with ITM puts and my target...
$SPY - we saw the weakness we talked about yesterday in the market. Continuation selling for Friday. Still no sign of strength or bounce action. We will be looking around the $235 market where the 200ma is on the weekly chart as a significant line of support for the market to catch itself and get back on its feet. Scary times. Trade small we have noticed even...
I rarely post two charts in a day but this one seemed pretty good. Self explanatory chart, Classic support turned resistance. I also see divergence between the price of gold and the gold miners, with gold not moving at resistance and GDX pushing up. I think that signals GDX is over extended. I can update it later to put more detail if needed. Short/sell at the Red...
Look at the support and resistance levels set out for the $SPY. Looking at our hourly chart you can see that we have faded off our 3rd tap off $281 and are now hanging below $260 after hours leading into the open on Monday. Bearish outlook for the Bulls going into the week of December 17th. If we break and hold under $260, we may see increased volatility and short...
Aaron's had a poor earnings call, first target is $39.90 second target is $37.60 which are fib targets. Double bottom breakdown with descending triangle breakdown. Moving toward new support. Holding a put expiring January 18th.
Even though BTC is dropping I'm still building my bitcoin stack.
Day trading the NZDUSD Rising wedge (bearish pattern) - Higher highs - Higher lows This is a good short term shorting opportunity. - MACD gaining bearish momentum - RSI is in the overbought region
Bearish outlook for netflix. Invalid if we break above the support zone.
ETHUSD looks ready for nice push to the bottom, possibly being the last big dump before cryptos start recovering. On the daily timeframe, price seems to be stuck in this downtrending channel. Linear regression suggests that price is going to fall downwards to at least the previous low of the 12th of September. Down-Top analysis starting with the 1hr shows price...
Directional Bias: Short Price Target: 27 Good Entry: 29.2-29.5 Risk/Reward: $50 cents max stop/$2 reward
It's said often that the race is won not during the race but well before the race even starts and trading is no different. It's not the trade that counts it's all the planning, learning and then the execution that makes a winning trader time and time again. Anyone can have a winning trade but not anyone can be consistent, not without preparation anyway.
really enjoying using this indicator to seek out shorting opportunities. what we are looking for is a consolidation and flick of the indicator points. as the points move closer towards the band and tighten we can see that a trend change is imminent allowing us to enter or confirm our shorts. there is still an element of TA in which an exit (or switch to long)...