Traders,
As stated in an earlier post, BTC held my long-standing neckline at 25,200 and then absorbed the 26,500 price. With the hidden bullish divergence spotted on the RSI, the price now favors the bulls slightly. BTC.D continues to trend down and this gives the alts a good chance to follow the lead of BTC. So, as promised, I have begun to pick through a few...
Hi guys! This is a technical analysis on Etsy (ETSY) on the 3 Day timeframe, supporting a potential Support Bounce Play.
We've come a long way from our recent Rejection off the "Major Resistance" Red Trendline.
Moving below the 21 EMA (Purple line)
Breaking Below our previous Support Trend line Turned Resistance Line (Black Horizontal line)
To now come in...
DAX40 H4
We are now into that 16000 resistance region, a nice area of supply and resistance sitting on our H4 and D1 level. We also note, FTSE100 sitting on that 7500 psychological price. UK and EU based indices sitting on some pretty large numbers.
FTSE100 already aimed to make a couple of slightly rejections from that resistance price, as has DAX. Looking...
Traders,
Against my own advice, I purchased APE here. Sometimes, you just have to trust your gut. My gut tells me that APE is due for a pump soon. Look at that hidden bullish divergence on the RSI!
Position = APE
Direction = long
Entry = 1.89
Stop Loss = 1.573 or drop below RSI TL, last one wins
Take Profit(s) = 2.873
Risk/Reward = 3/1
Leverage = NONE
Profit...
Support on the 200 day. Support on long-trending RSI. I expect a bounce.
Cost 1800
SL 1700
Target 2200
This is not financial advice. Just showing you all what I am doing here.
Best,
Stew
Traders,
I haven't yet received complete confirmation that this is the bottom of this pullback, but I have one indicator that has caused me to at least start my DCA here and that is seen on our RSI. We have now touched the top of our downtrend channel for a patented classic retest. Could we drop further? Of course. But that is also why this may just be the...
Traders,
I'm a bit over-weighted in my public portfolio rn, but I really do like this setup in the DeFi coin JOE.
Bullish Indicators:
*Hidden Bullish Divergence on RSI
*Close to Bullish Triangle Exit
*Above the 200 Day MA
Bearish Indicators:
*Under the June 4th Crash Level
*Possible re-trace to bottom of triangle
If I were to enter here, I'd have a...
USDWTI H4
We have United States EIA Crude Oil Stocks Change figures later on today at around 15:30 UK time. This should see a little movement in this commodity. Moving upside in line with previous analysis, just $1/b away from our previous high price.
Interested to see if we can reject from this $77/b price, we have some attractive range targets if we can do so.
Classic Retest here. Due for a pop.
Position = ALGO
Direction = long
Entry = .1118
Stop Loss = .0919
Take Profit(s) = .1537
Risk/Reward = 2.25
Leverage = NONE
Profit Potential = 37%
Not financial advice.
Just letting you all what I am doing.
Best,
Stew
Traders,
Atom dropped from it’s ascending channel and soon afterwards found strong support at the top of the triangle for a classic retest of previous resisntance/now support. A break below this and we should be looking for exit points. I have set mine at approx. $8.50. Target is the June 4th body high at around $10.75
Position = ATOM
Direction = long
Entry =...
Traders,
We have what appears to be an inverse H&S pattern playing out. The right shoulder still has not completely formed, so this is admittedly an early entry and more risky. But with Bitcoin holding it's supports nicely for over a week among other positive indicators, I'll take my chances here.
I bought at the 50 day ma for $1,837. The R/R is 3.37. Final...
Traders,
Doubling down on my Litecoin position. Touch my 96.42 level which intersects the top of the triangle for a perfect area of confluence and excellent support! Target $131. SL is my first entry price, $91.
Best of luck all!
Stew
EURJPY H4
Here is a comparitive, both eurozone base currencies, typically move very similarly due to correlation, the only factors being the length of the rally and the spikes caused from recent interest rate hikes and economic outlooks from central banks. That being said, both following suit to some degree.
I think we are starting to hit the pivot points for...
Hi Traders,
I'm OoO rn on vaca. But a quick glance at BTC on my phone shows me that BTC has settled nicely above previous resistance and is now using this level as support. Good accumulation has been built and it looks at though BTC is ready to move higher. I bit.
I will establish my target more carefully once I return but for now I will set a generic target...
New level spotted providing significant resistance and causing me to pause and adjust my final target. Taking the rest of my profits here. This level comes all the way from Nov. of last year, so, there will be significant resistance. And with many of the altcoins still showing bear flags, I am not going to push my luck.
Congrats, to those who followed me on this...
AUDUSD D1
Potential here for AUDUSD to climb following a break and retest around this 0.68 handle. Bit extensions seen from 0.64600 up towards 0.69.
Lets see if this 0.68 support region holds enough for us to grab some longs.
Took half off near 30k. Moved stops up to buy in avg of 26.4k to ensure profit.
Now, a bit of TA. BTC broke above the descending Dec ‘21 TL. This was hugely bullish and I mentioned in my paid subs group that if this happened we’d retest that $30,500 resistance quickly. This we did and are doing now.
The big question is will $30,500 be broken to the upside. If...
Traders,
Solana has hit it’s previous inverse H&S neckline for a classic retest and should bounce soon provided BTC maintains its position above 25,300 tomorrow.
Position = SOL
Direction = long
Entry = 14.47
Stop Loss = 12.88
Take Profit(s) = 200 ma/19.61-19.65
Risk/Reward = 3.37/1
Best,
Stew
