Watch the video version to see how this was generated ... your mileage may vary !!! . . . . . . . . . Key Statistics and Technicals: - Bitcoin Price: $34,474.71 (A drop of $516.32 or -1.48% for the day) - Day's Range: $34,347.89 - $34,997.81 - 52 Week Range: $15,479.25 - $60,324.21 - Volume: 94 - Average Volume (10 days): 370 - Market Cap: $673.041B - FD...
I do like this setup with not only narrow price action but also reduced volume. Key will be to break out of 215 price level.
Nice technical set up and bullish PUT sweeps at the bid to support, interesting one trader opened 12/16 22.5 puts for about 310K in premium.... stock is trading at 21.95 implying strong upside move . For the more conservative, can wait for pennant / triangle breakout to go long / short, depending on direction. My bias is to the upside and am long here with a...
I am not GOLD bull - i read charts. Feels like the price action is confirming what we see happening outside of markets. i recently read a report that someone was secretly buying gold at around 1800 and putting it aside - based on yahoo search- here is the copy of it: (Bloomberg) -- Spot gold is again bobbing along near $1,800 an ounce, as it has been since...
I posted few weeks ago about VCP on Gold. That trade got stopped out. I encourage you to have a look at the weekly chart. To me it looks like a great example of long base with 3 contractions. Always trade with stop loss!
I have not been posting recently - due to one reason ... the market is not giving any nice setups. As i have learned CASH IS A POSITION. I do not need to be in the market all the time. I took couple of trades and got stopped out. You see breakouts working 2-2% above breakout level and then they fail. Better to watch from a side line. So i am actually posting this...
VCP characteristics in place ... - above key lines - first contraction already happened - setting up another one ... on short list now ....
A very powerful setup we see on GOLD. A classic VCP ... with tight stop loss we are above all key averages averages are rising. Very VERY powerful. Looking for breakout and i am LONG!
Markets is a bit messy now - though you can find some good names. Here is one - although low market cap so caution is advised. Very clean and tight price action .... looking at breaktout at 25 level.
With EVTC i see two buy signals - both based on the teachings of my masters - M. Minervini and G. Morales. First we see a VCP over the last few days (it was also on a short list from our VCPSniper). What is interesting when you look at in details is that we see a 'shakeout' (following MM rules of VCP) that for aggresive traders can be taken as UC&R (undercut and...
Todays list of stock showing VCP qualities. Trade safely! As i commented under the last video - number of names completely cancelled VCP setup by moving through the bottom range. In this video i also share the combination of VCP with UCR (undercut rally as per Gil Morales). Safe trading to all!
This stock was in my video from Sunday ... it is a great example of what we are looking for ... look at this clean break of the top of the VCP and holding nicely. However ... given the overall market situation - if you caught it ... maybe it is good to pocket the profits and move on ... it is a tricky market we are experiencing now.
it might be tempting to buy within VCP ... but is it still so when you look at what happened to VGR? Once you have been caught in a move like that ... you learn very fast :) ALWAYS apply risk management where size of your position is in line with your risk apetite! Happy trading!
Have a look at the chart .. you clearly see the contraction in volatility for the last couple of days. A cheat entry according to Mark. I also like the volume below average and 50SMA going upwards!
clearly visible VCP holding just above 50SMA. Price holding in very tight range. Break of top of the range will be a entry trigger.
the left hand side looks a bit choppy but you can see a nice price contraction together with volume lower than average. In good market conditions - this would be a good candidate for long entry provided it would clear the 17.40 level.
Volatility Contraction Pattern Trade Closed I closed my Volatility Contraction Pattern trade yesterday before closing. 1 reason was that bitcoin started selling off at 12pm, and I’ll get to the reason later. SANTA RALLY Dec27 to Jan 3rd The Santa rally that started early (DEC20), continued into the overnight as the 3 am Buy the Dip crew continued...
So Guys - today I am going to show you a small technical analysis for MATIC / Polygon Background information about the coin: research.binance.com Important: I have to mention that I am already invested in the coin - this could cause a conflict of interest. Here is the analysis: The Coin has been in a sideways phase since June. Between 14 June and 04...