Big banks & whales love the .786 level.
- Volume = big money coming back
- Pure fear in the market
- Let us not forget the internet bubble
- Big picture moves
- Similar EW perspective
- Oversold conditions
Watching for a bounce off the .786 for a retest of the $6000 - $5,800 range
Then we watch for a bull break in wedge or further downside continuation
There once was a story of a magic ladle that could talk. All day, the ladle would sit there, unused. Then, one day, when the story's writer didn't know what else to write about, the ladle hit the floor and made two "thunks".
Two thunks. On the floor. Where the bottom is.
The ladle understood. It had made a double bottom. The ladle, caught in a moment of ecstasy...
DH TRADING MARKETS
For subscribers of DH Trading BITSTAMP BTCUSD, they was able to catch an other good opportunity !
This is NOT repainting strategy and you can check this is normal bars (avoid Heikin Ashi or Renko bars for backtests !).
If you want to test by yourself you can ask for a trial !
Contact us for more information about this strategy and get...
I wanted to circle back around to this trade to emphasize the power of Signal Stream and why I personally take small trades and ride out draw down with my system, but mainly I wanted to make a point on the power of knowing and trusting your trading system.
As you can see since the short signal on the CHFJPY chart, price moved up into draw down, then moved back...
Area plot: Bitcoin, Candles: GBTC
The GBTC is (was?) the only place where Bitcoin could be traded in the stock market. It works by holding several 100k BTC in trust and issuing shares on those holdings. It's been a round since 2016, so is a well established trust in the space (info, a bit out of date:...
Keeping it simple!
If you have checked my other charts please do, as they are mostly all playing out so far.
SLV is not the best stock for silver, as AG is a much better "silver investment" , but Ill go through this one real fast.
Looking for a fail in the wedge, because we never get what we want, (silver boom). Pull back to targeted areas.
I've also labeled...
At USD 34m market cap, $trst seems undervalued. Is one of 3 projects that has Vitalik Buterin as advisor, has a working product and looks like its in an accumulation phase. There are crappy ICOs raising more than the market cap, that will never get a decent exchange listing.
I received a tip about Trustcoin (TRST) as a message on Trading View. I saw some potential for this coin but it wasn't huge, but there were some news coming out on the pipeline for this coin, and we all know how cryptocurrency traders love news, so I decide to jump in, and it was the right choice, the price has been going up and holding strong and the potential...
This is a coin with low volume. It means that a lot for big changes can happen here easily - good or bad. Its also a new coin with not a lot of history.
We have seen a cup and handle forming here and it looks like a good uptrend is starting here at 2018. I am going to hold on for this coin for the next month or two.
My targets are -
The price is going to bounce from the uptrend line .. Doge
Stop orders must be below the uptrend line and the support. It's 0.00000079 level. Profit targets are 0.00000114 and 0.00000137 levels. Based on the daily chart we have a triangle chart pattern. The price is at the support line of this pattern and the market has potential for upward movement, good...