About meAspiring Financial Analyst.
College & Semi-Professional Athlete ⚽️
I'm also apart of my University's Investment group on the Endowment Committee where I'm in charge of all Commodity allocations.
The Bahamas // Missouri
A wise man once said, "put your entry where you would have put your stop loss."
Price has currently stalled out at the base of the H/S pattern which has recently been completed.
There is also low volume which suggests energy building and an impulse to either side. Current price action suggests that this trend will continue upwards.
Although I have many reasons why I would like to take this trade technically and fundamentally, patience is...
Currently EGLD is holding on the 50% retracement of the last swing up. This 50% area is also around the previous ATHs if you scroll to the left. Considering we are in a bull run, and with BTC having quite a drawdown, it is only expected that the ALTs also appreciate when BTC recovers, which may be soon, looking at the price action of EGLD.
I will be looking to...
I've been noticing a pretty successful trader utilize this strategy so I decided to try it out for myself. It'll be best you DYOR on the technicalities of it.
Looking at the price action of POND and ZIL, I can personally see a resemblance. This shouldnt lead to a surprise as many tokens bear the same or similar patterns due to their relevance to each other (i.e...
From my research (twitter) and from my own due diligence in analysis, I've found BTC.D to be a good indicator of possible opportunities in terms of when to add or be weary of allocating to Alt coins.
Looking back form 2017, we can see that there are a few zones which have been respected over the years, most notably 38-61%. Currently price (and the alts) have had...
After having a blast off, ENJ has calmed down finding its way back to previous ATHs. Naturally, since this was an area of strong resistance, it will now become strong support.
Price is currently sitting on this support and rejecting the area. There is a high probability that price continues to appreciate from this level. This is a strategy that I have used with...
Saw a few cones formed over the past week so Im anticipating the same pattern forming on CKB.
I didnt see any cones this wide...regardless price is still on an uptrend overall and currently within a descending channel. The next few candles will be an optimal time to enter given that price action allows us that option.
If price falls and closes below the...
Given price can continue to reject the trend line, and also break a smaller TL within the channel, this is the path I expect to be taken.
Wont give a detailed analysis or steps for the next few posts as I have a regular audience.
Thanks for the support.
Not gonna go into too much details about this one. Simple break & retest, however it is better to react than predict.
Keys to making the right trade:
-Wait for price to find support @ 23% before thinking of an entry.
-Look at the smaller TF to gauge sentiment.
-Look at the orderbook to see what the sellers are doing.
-Be patient. It makes no sense to risk the...
AUDCHF has been following this up trend since the COVID drop. Currently price is testing this TL and we have a break on the 8H.
Looking at the recent price action, we can definitely see that there has been some profit taking and there is a good possibility of a reversal at play.
The optimal entry for a long following the trend would be above 61% with a stop...
Price has been in a descending channel for a few days, however we have had the break out, and retest of the structure.
Naturally price will continue to appreciate from this level, however due to recent bearish pressure I'm uncertain about the strength and volume in ONE currently.
Ill be waiting for price to break, close, reject and reverse from the red zone...
Looking at the recent price action from the daily chart, firstly, after breaking out of the ascending channel, VET finally was able to stabilize and retest the broken trendline then rejecting it to test the previous ATH which was at the 50% area on the Fib.
Also if you look closely you can see that there was an extended W, which is a bullish reversal pattern...
After breaking out of the triangle and hitting the second natural TP zone on the fib, price has rejected the -27% area and we almost had a retest of previous ATHs.
BNB is on an uptrend, and can shoot straight to the -61% zone, however as you've seen and probably felt, pull backs are still possible on the most bullish coins.
I'm long on BNB all the way, however...
Price has broken out of the symmetrical triangle, has retested, and currently we have some rejection. I've already added allocations because I actively spot scalp to build positions on different coins, however LTC is one of the coins I'm very bullish on long term.
Before charting, I mapped out the next TP areas using previous highs/lows from LTC's ICO and...
Everything is pumping but you're losing money huh?
Picking the right direction and the right trade are two different things.
Looking at ENJ currently price has formed an inverse descending triangle breaking the resistance which held for a few days.
What to do in this situation? Wait for price to retest and hold support on this level.
I.E Print atleast 3...
Looking at gold from the WEEKLY, we can see price holding strong support on the area price had to break to create new ATHs. Fast forward, we can see price forming a Harmonic pattern, and quite a few areas of price rejection and some signs that this bottom might be in.
Firstly, there is a big M pattern and more recently and extended M has been formed. Usually...
Apologies for the lack of posting to my small following of those who look forward to my analysis. I normally scalp on the 15min so most of my trades play out too quickly to post to be of value.
Regardless, there has been QUITE A FEW coins that have taken off recently...and I believe that will be the trend for the near future going forward.
Below Ill be posting...
Signs for a nice long:
1. Strong area of resistance now turned support.
2. Price rejection of TL, and former support zone.
3. Bullish Bat harmonic pattern formed at TL. and a extended W pattern at TP area, which suggest continuation of the former (up)trend.
4. No news or fundamental events that can currently affect price.
Reasons not to enter yet: