Bitcoin just triggered a price volatility spike on the hourly timeframe. This sets up a potential breakout to the upside as clearing the spike high would signal a trend change and possible reversal of the recent down move.
I was just in the process of doing my Weekly Analysis video when I noticed that at the key Resistance of 3500, which is also the 50% Retracement of the full down move, Ethereum is showing a price spike. Pay attention!
Today on social media I was asked "what cryptocurrencies can be used to mint NFTs other than Ethereum". Solana is the second most popular. I was checking Solana BITFINEX:SOLUSD on the daily and I do see a spike trade setup on that timeframe. I wondered why it did not fire in alerts and it is because the ATR Clearance is below the threshold (70%) so it is not...
Followup to my post from early March with the spike trade. BITFINEX:SOLUSD has hit the primary target of the spike trade from the bottom of the consolidation which is also at a Resistance. This would be a good time to take off risk. The next Resistance I would be watching is 167 which is the 50% Retracement of the bearish trend of the last few months.
True opportunity comes with NO ONE IS LOOKING! Once market participants have written off an instrument as a bad investment... that tends to be the bottom. Palantir NYSE:PLTR has mostly fallen off the radar of most traders and investors as most that bought it in 2021 during the SPAC craze are underwater. There have now been some interesting developments with...
Bitcoin has triggered a bearish breakout from the recent consolidation as this rally's momentum has slowed. I am looking for a 50% Retracement of the rally.
This morning I received an alert for an opening volatility spike on NYSE:WAT . This opportunity is occurring as price action respects a 50% Retracement Level on the Daily/Weekly as support.
The stock market rally is stalling out today and the Nasdaq has hit a key Resistance. Does this mean the end of the recent rally? Is the market heading for a crash? I'm going to look objectively at price action and the VIX to explain my thesis as to why a new All Time High for 2022 is likely.
Catching up on alerts from Friday last week when NYSE:TWTR signaled a spike. I like a stop loss above the recent short term consolidation with a bearish trade back down to the rally's 50% Retracement Level. Earnings are 4/28/22 and IV has returned to normal. I like either a short shares trade or a long Put to play this rally ending and price retracing to 36...
There are signs the recent rally may be stalling. The S&P 500 Index (measured by futures CME_MINI:ES1! ) has retraced to the 50% of the ATH down to the 2/24/22 Ukraine invasion low. This morning there was a spike on the open to give confidence that this is in fact a resistance (see below). Sentiment wise I am taking these price action signals as confirmation...
Following the earnings rally Target stock NYSE:TGT has pulled back to a 50% Retracement and also triggered a Spike Alert which can define the risk on this pullback. I like the trade to play back up to the post-earnings high and beyond for a long term position.
I have been watching Palantir closely since the February 24, 2022 spike low. NYSE:PLTR was a darling of 2021 but has fallen victim to the "Pandemic Round Trip" like many stocks. The $10 psychological level has so far held with afore mentioned spike and today there was short term price action (see below) above $10 that may confirm a low risk entry. I have...
Overnight there was a volatility quake in all cryptocurrencies that I have yet to explain. What this price action did though is setup a breakout level above the high of that spike. On the swing timeframes (hourlies) this is potentially setting up a trend change inside the recent consolidation. This could be the opportunity to breakout from the range to the upside.
My Spike Alerts just exploded tonight across nearly every major cryptocurrency and exchange. All did spikes to the upside that quickly reversed. Failed pump in low liquidity? Arbitrage algos gone wild? Maybe we'll find out tomorrow....
This morning several tech stocks including AMD, NVDA, and ETSY which I have on my Spike Alerts setup a short term, 30 minute timeframe, spike right at the 1/24 and 2/24 lows. This sets up an opportunity for a low risk entry for a long term hold on either of these three stocks. AMD NASDAQ:AMD is my pick of the three because I have no current positions. See...
This morning following the recent rally Bitcoin BITFINEX:BTCUSD created a bearish spike at the highs to setup for a short trade.
Waste Management NYSE:WM is one of my favorite stocks because I was once asked, when I said I was a professional technical trader, "if the price of garbage was going up, you would buy it?" To which I replied, "yes, I own Waste Management" This morning I received a volatility spike alert which is happening at a major 50% Retracement. Added to my position that...
Litecoin COINBASE:LTCUSD pegged the 108.82 support level which it has consolidated above for a few days. This snap back off the level shows confirmation that it is a support but also sets up a clear breakdown entry level. With crypto having a bearish few days and the Bitcoin short being live the sentiment is bearish. Breaking this level would trigger a short...