Do you like Coins? Do you like Bitcoins? Do you like Gains, maybe even sick gainz? Then I welcome you to this April update! I expect to visit 8600 area, to continue a bear motivated sideways trend, until we retest the latest low of 3600! Maybe we will bounce, go sideways and climb up again- or maybe we will bounce, restest the already weakened support of 3600...
Dear traders, dear followers, as I said in the last video (feb update): "We will test certain levels 6500, 5K and 3K, and when this happens, I will make another video, but this will take a few weeks or month". Turns out, it took a week to do so!! Nevertheless, here is the march update with specific information, targets, analysis and persepcetives. Enjoy that...
I previously told people to get ready! Some weren't ready. The market seems to have selected a 30 min ATR trend line pattern to follow south. How far it will go - nobody knows. This is the essence of trend following i.e. NO TARGETS. This is hard work!
I explain some of the price action on this chart and show an amazing 15 min trend. The melt down has been caused by fears about the COVID-19 virus. This is the biggest 3 day dump on the DJI is about 3 years. I explain how serious it is.
This is a quick update on the Short Position we had on AUDJPY. Price took long to break out of the trading range below the Momentum low of 73.79. We finally had this break this morning. In order for further decline to be seen in the AUDJPY, price must remain below the momentum low and break 73.42 Low. Alternatively a break back above the 73.79 will trigger a...
Yep - the algos play out the addicitons of their masters to cheap money: low interest rates, REPO pumping, and the implicit guarantee from the FED. But an itty bitty virus that disrespects world leaders, has everybody flummoxed and reaching for safe havens. In this screencast I show a bit of algo action and some smaller time frame trends which can last for over...
It's a video, worth watching. woo.
A 'black swan' event is something out of the blue - that creates systemic risk. The 2019-nCOV (virus) is potentially one such thing. The markets have not been prepared for this - at all. Could it be the pinprick that pops the 'tech bubble' that influences markets globally? The shock waves of this itty bitty virus are totally unexpected. I go into some price...
There was a strong downtrend on EUR/USD on Friday. I used Volume Profile to identify the most significant volumes within this downtrend. From that, I was able to find strong resistance at 1.1111. Check out the video to see how exactly I did this!
Waiting to see if Price can break above 1.3050 - 1.3100 resistance and reach 1.3150 - 1.3250 region before the next wave to the downside towards 1.2900 support.Price is in a clear downtrend on higher time frames so we're just treating this as a correction move unless previous highs around 1.3320 are taken out.
Please feel free to comment, like and follow. Thank you
Please feel free to comment, like and follow. Thank you
I'm showing why I think Cable - GBPUSD is bullish. There are opportunities for the north on 1D, 6H and 4H time frames. There are opportunities for a shorting on the 1H time frame and lower. It all depends on the size of an acceptable loss.
Recorded from my laptop in a lunch break - so turn your speakers right up. I'm stalking the DJI carefully for any sign action. This is a market built on hope and false confidence. It can't go on forever. Disclaimer : This is speculative opinion - not advice. If you trade this market and lose your money, kindly sue yourself.
In this screencast I explore the importance of the 4H ATR trend line in association with SqM switches. This is about taking early notice of areas where stuff may happen. The future hasn't been written as yet, and I don't do predictions. What I see is the chance of a 4H trend weakening, based on the historical a patterns of the DJI. If the 4H ATR flattens...
The DJI is approaching an all time high of about 278400. This market has become pretty volatile mostly at 30 - 50 minute charts. Although the DJI is pushing north madly, it is a market that is being moth eaten. It's instability is likened to a Jenga tower. The instability is also seen in trend switches down to the 5 minute level.
Today I go in depth on some advanced techniques when using some of the most diverse indicators on tradingview, ACAT.