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...
I wanted to make a companion explanation video for my idea that I just posted comparing the Daily Stock Market Indexes to the 30 minute timeframe on Waste Management. Both are setting up the same pattern across different instruments and timeframes.
Last week's price action of the stock market gave a textbook example of one of my favorite and fundamental trading patterns; that of the false breakout reversal. On the longer term Daily timeframe both the Nasdaq and S&P 500 setup this pattern with the February 24, 2022 spike to break but then recapture the January 24, 2022 low. We do not have to wait to see how...
One of my must trusted signals for false breakout opportunities just triggered in the stock market on both the Nasdaq NASDAQ:QQQ and S$P 500 AMEX:SPY . If you are a regular viewer of my content you have seen me talk about this setup before as it is one of my most trusted fundamental strategies of my trading. Win or lose THIS signal we got on the Russia/Ukraine...
The stock market indexes last week on the Thursday rip setup a bullish spike false breakout. I expect the intraday price action to slow down as we move out of the volatile days of January-February and the Daily setup should dominate. Over the next weeks I expect a rise to retest the All Time High. I would change this opinion with a break of last Thursday...
Today at the open MANY stocks in the S&P 500 did early trading spikes before recovering their trading range. NYSE:RCL happened to do this at a 50% Retracement Level Support.
Garmin NYSE:GRMN had earnings today and the price action on the swing timeframes broke the past weeks' lows to recover back inside the range. This setup is happening right on the 50% Retracement of the COVID low to All Time High along with an Ichimoku Cloud Pullback on the Weekly timeframe. Options spreads are wide so this trade will be best expressed with shares.
I just got an alert that BITFINEX:BTCUSD had a Spike Alert at a key level following a weekend of consolidation. Price is testing the Liquidation Low of December and trying to break higher following the recent rally. This creates a clear range that Bitcoin will likely break out of to the upside or downside. I am still trading Bitcoin as it is in a bearish...
I want to show traders examples of a powerful phenomenon for trading price action. This quick price action happens on earnings, major news events, and other catalysts. It happens on stocks, cryptocurrency, futures, and anything that trades! This involves some candlestick analysis but is incredibly simple. Traders can use this to spot reversals and be...
Maybe. Robinhood stock (HOOD) could have setup a bottom on the last earnings. The stock has been rallying today but the foundation for why this could be a bottom still presents a good reward risk trade. In this video I talk about the potential trading setup, why I like the potential, where it goes wrong and you need to stop out, and use HOOD as a teachable...
The gold chart entered the trading cycle yesterday after Sharpe's move and is fluctuating in the range of 1838 to 1843.7.
On January 10th I noted a price action Spike Alert around the December 3rd Liquidation Low. I saw this as a bullish signal as price was respecting that low with buyers coming in. In the days that have followed price action had a chance to reverse the bearish trend but as of this morning seems to be stalling out. The "bullish trade" is close to breakeven and on...
As you can see, the price started its bullish cycle in Oct. It finished the channel phase and entered into trading range phase, but not a normal trading range, It created trading range in pattern mode ( bullish triangle ). Parts of the charts are: Red line: short term bearish trend line ( one side of the triangle ) Dotted red line: extended bearish trend...
All the things crypto are spiking on the swing trading timeframes. The Bitcoin entry now could be good... it has prior hesitation in price action and one could target the top of the range for a superb reward/risk. However, the rest of the spike signals in other cryptocurrencies look more like volatility. These spikes are happening in the battleground middle of...