Theta has finally broken its resistance and I see a lot of upside for the rest of the year, maybe into Q1 next year. I am looking to take profit at about $40 and if/when I see some consolidation patterns I will double up at major fib levels with some of the margin I create in the move.
Quick look at technicals
We are above the SMAs on this break out and the...
A new month and a new iteration of this system. I developed this volatility and volume based system to help me with the wider view of markets and to help me steady my hands when it is time to let your winners run and also help me cut my losers. It works for me on various time frames so long as I am patient and don't overthink things. I am not qualified to give...
I had mocked up these bands on the chart with the intent of looking for places to take profit on upside moves but it appears that Dash isn't going to make it through the orange zone just yet. There has been a downward channel with a slight broadening aspect to it since 2017 and seeing a head and shoulders at channel resistance does not make me confident that...
This is a simple support and resistance play on Dash with the basic adage: the trend is your friend into the end. We have a 50 day uptrend and a three week consolidation so far within this triangle. That means we have support and resistance trades that really don't require that much overthinking. I am long at the triangle support with a stop loss as shown in the...
Introduction
Bitcoin is in a very confusing time right now. There are lots of bullish sentiment happening with bitcoin but technically it is looking like the bullishness is beginning to fade and the price action is beginning to look bearish. Whether this is the first sell off or bear trap and price resumes higher in a macro trend remains to be seen. This idea...
There is a lot of power in having the moving averages sorted out either fully bullishly or fully bearishly for people that like to have some confirmation that a prolonged move is coming. During consolidation periods EMAs and SMAs are often not in full agreement because they move at different speeds and people hoping to go long early on the EMA signals may miss...
ADA has had an extraordinarily good last 5 days and we are going into the weekend before the weekly candle closes so a lot of the observations on the chart are still pending. This post is just another iteration of my volatility and momentum system that I have developed over the last couple of years. Just grinding what works for me.
The Thumbs up are what has...
The main chart has the Wycoffian distribution spelled out and if you want to check it against the criterion you can follow the link below, hit ctrl-f and search for "Distribution: Wyckoff Events" and you will be right there. Not everything is annotated, the chart would be way too cluttered.
school.stockcharts.com
www.ltg-trading.com
As it stands I am still...
So far Bitcoin has had a good couple of days and I see lots of people in real life as well online starting to get bullish and looking at putting on some big bets and so far I don't see the justification for that enthusiasm. I will link some ideas that make the macro bearish case to keep this post from ballooning even more.
Analysis
The bollinger bands can...
There is a lot on the main chart but lets go through it directly:
Both had a parabolic run up and
Over 80% corrections
Both Created a W pattern with a higher low around the 0.236 retracement level from the height to initial low
BTC intermediate high stalled at the 0.786 while NDX intermediate high was around the lower 0.500 (not shown on chart). ...
Introduction
Those familiar with my system won't find anything new here, just a simple reiteration of the same system I have used to call bear markets or local highs several times with a lot of sucess. This system helps us confirm a all time high and a top after a massive uptrend and it has many confirming components with each one by themselves should make a...
Tezos is appearing to have a fundamental breakdown of the key trendline of this uptrend. What was support for over 900 days now appears to be acting as resistance and that is a very key rejection for Tezos to be facing. Simple targeting on the overall structure is shows with the bold black and red fib retracement and the the fib retracement of the head and...
The main chart says a lot so I am going to go into the 12 hour because that shows a lot. Quite simply price action is still very bearish with both the VSTOP and MTF VSTOP situated bearishly and the 20 period SMA acting as resistance. This is the time frame I have my stops set on and my entry was at $207, My take profit is of course a bit shy of full performance....
We will be looking at a confluence of three indicators and their close next week for me to formally call the beginning of a bull market that could last over a year.
20 Week SMA. Some people are watching the 21 week EMA and there is little distinction between the two, except the 20W is more important because it is the basis of the weekly bollinger band. If...
This is a higher risk set up than what I normally but what is in the chart is in the chart. This would require not only for this chart pattern to perform but would also require BTC and ETH to behave over the next couple of days to week week as to not confound what is going on here.
The main chart has hidden bullish divergence on the 12 hour and the chart below...
Introduction
For my adult life the advice has been to buy just by ETFs. And for the last decade or so the advise has also to been buy the NASDAQ ETF because it over-performs the other indices. It seems that advice is on the precipice of ending due to some long term indicators on the verge of flipping their switches.
The MFV VSTOP is set to 3x and right now...
There is a lot in the chart but we can go bullet by bullet. I am using the three day intra-week setting but will look at other time frames as we dig in.
VSTOP - A way of setting stops using the Average True Range, a measure of volatility to help chart trends. I have decided to only show the VSTOP acting as resistance to simply the chart.
VVSTOP MTF - A...
* I call Stan Weinstein’s 30MA my most definitive MA line because this is the level where breakouts take place as Stage 1 transients to Stage 2.
* As long as price point remains above the 30MA, the counter will stay in an uptrend and according to Stan Weinstein, we should continue to hold position provided it is is an uptrend. However, if the price point dips...
