Good morning, traders. I believe we are a lot more bullish than most of retail thinks at this moment. We see the dips being aggressively bought up with price still pushing higher. Everyone continues to compare the current market to 2014/15, which only results in feeding their bearish bias. As I've mentioned before, nobody is comparing price action and volume from...
A weekly chart reveals the long-term trading range in which JNJ has been stuck. This Dow component ran up due to buybacks around the start of this year. But the trend and volume-based indicators show a lack of quiet accumulation by Dark Pools. The stock slid down ahead of its earnings release today and gapped up slightly on the report, but there has been...
Good morning, traders. Everyone continues to scream that the sky is falling but price action is telling us something different. Even I had taken a quick position that we may have completed subwave 5 even though I mentioned that I didn't like how short it was. After this weekend, I believe that we may not have completed it yet and, as a matter of fact, subwave 5 of...
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe 1-4 Days Actions on - A – Activating Event Market will meet resistance in zone @111.9 - .... and fall to the 110.6. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 110.6 FX:CHFJPY...
Good morning, traders. Yesterday, I put out a FOMO bull case as has been requested numerous times, so tomorrow I will put out a bear case. Today we will take a look at what happened overnight and see how it compares to what we've been looking at lately since a lot of traders are confused and scared. If you've been in Discord with us, then you know that our admin,...
Good morning, traders. I am getting a lot of unfortunate direct messages from traders who are attempting to trade in and out of the current shorter-term price movement and losing significant sums of capital in the process. As I have continued to warn, this chop is not the time to be doing that. Even really good traders understand they are pushing their luck when...
In the Investments channel in our Discord, I suggested that it was likely a good time to buy in November 2018 at the point noted. It looks like we may have another good opportunity to buy now as well. Gold appears to be completing subwave 2 of wave 3 with an initial target of the R2 pivot area as well as a full wave 3 target of the R3 pivot area. The former...
Good morning, traders. Not much happened over night. Price bounced out of demand at $4778.59 yesterday and is currently attempting to push through supply. A move above this supply level would make a case for bullish continuation of the upward trend before further correction, especially if price exceeds $5100 again. In that case, this small and short retrace...
Good morning, traders. Price tapped out just shy of the $5300 level at $5282 yesterday. Those in our Discord were alerted three hours prior to the $4800 target of the drop and price hit $4800.50 (missed it by 0.50). I then posted a target of the $5075-$5110 area as resistance and that was hit a few hours later. Unfortunately I often don't think about updating TV....
Good morning, traders. Man, the bears are extremely salty today as expected. Lots of narratives going around about why price jumped like it did and how it's just a bull trap to unload bags of BTC. The amount of garbage posting as legitimate TA in this space is almost unfathomable. If you've been following me, especially my daily videos, then you know why price...
Good morning, traders. As you are likely aware by now, price took off last night and hit a high of $5080 (~$150 above the 1.618 extension off the first wave in December 2018) just above the daily R4 pivot as I have been attempting to prepare everyone for as an increasing likelihood of happening due to price action and volume, especially as of late. I hope we stop...
From now I will write more about what I think is happening. I Try to analyse the markets in the best way I can, I use all the methods Ive learned so far. In the graph more info about what you could do with my startegy.
Good morning, traders. We saw price push through resistance over night as expected, when 4H RSI breached its own resistance, but supply continues to attempt to halt the momentum. This is the first time price has been able to breach the ATH diagonal resistance line which makes it a significant move. In doing so, price has also left the very large descending wedge...
Good morning, traders. I hope you are being vigilant and monitoring market conditions. The lull most often results in retail traders losing money as they get bored and lazy because price isn't moving much. Daily volume yesterday was the most we've seen on Bitstamp in over a month and resulted in a nice, large daily candle. Price has halted appreciation at an area...
Good morning, traders. Bitcoin made a strong move up over night and is back above the psychological $4000 level. So far, we are watching price do exactly what I said I wouldn't be surprised to see it do a few days back -- the initial drop and subsequent rise. I warned traders against shorting on that drop for anything more than a quick buck. That doesn't guarantee...
Good morning, traders. During yesterday's video I took a look at this pair in multiple different ways. I also mentioned that I wouldn't be surprised at all to see a short drop followed by continued appreciation. Well, we got the drop but so far price has not been able to follow through to the upside. That being said, this pair hit oversold on the H4 yesterday and...
Good morning, traders. Bitcoin continues to edge higher, but will it be enough to push it through the threshold of resistance? Price hit a high of $4055 this morning before retreating to $3919. The lack of strong follow through to the upside of $4100 and beyond, so far this year, has more and more traders thinking that price must go down rather than up. Could this...
Good morning, traders. Bitcoin's consolidation intensifies as price nears the symmetrical triangle's apex (descending red solid line and ascending black dashed line). Played out as a pennant, the target should be around $4280. That being said, as I always tell my students, whenever drawing a pennant make sure you also draw the flag because the latter occurs much...