Thesis Long Bitcoin Chart Timeframe/Type Day/Log Scale The name has been showing strength on the back of recent news that CME Group will be entering the cryptocurrency market and launching Bitcoin Futures www.cmegroup.com Confirmations: 1. Higher highs on Day chart 2. Higher highs on Week chart 3. Above 8 Day EMA 4. Above 21 Day EMA ...
Thesis: Long VFC The name has been trending higher across time frames and recently gapped higher on heavy volume and is heading towards all time highs. Confirmations: 1. Higher highs on Day chart 2. Higher high on Week chart 3. Above 8 Day EMA 4. Above 21 Day EMA 5. Above 8 Week EMA Contradictions: 1. The price is currently below resistance so this...
Thesis Long STRATBTC The name has been showing strength lately along with several other US Steel and infrastructure related names. Confirmations: 1. Higher highs on Day chart 2. Higher high on Week chart 3. Above 8 Day EMA Contradictions: 1. Near recent lows Trade: Long STRATBTC Related Trade: None Disclaimer: All charts are for...
Thesis Long VTCBTC The name has been trending higher on Day timeframe. Confirmations: 1. Breakout above recent highs on heavy volume 2. Above support 3. Above trendline on Day timeframe 4. Higher highs and higher lows on multiple timeframes Contradictions: 1. Below two resistance levels Trade: Long VTCBTC Related Trade: None Disclaimer: ...
Thesis Long BTCUSD The name has been trending higher on short term 4 hour timeframe. The current chart is a logarithmic price scale look at BTCUSD and better reflect the price pattern and the price channel over the last Year. Confirmations: 1. Breakout above recent highs on heavy volume 2. Above support 3. Above trendline on shorter timeframes ...
Thesis Long BTCUSD The name has been trending higher. The current chart is a logarithmic price scale look at BTCUSD and better reflect the price pattern and the price channel over the last Year. Confirmations: 1. Breakout above recent highs on heavy volume 2. Above support Contradictions: 1. Below resistance 2. In the upper half of the log price...
Thesis Long Inverse RWM due to weakness in small caps. It would be early to enter this trade. Confirmations: 1. Above support 2. Higher highs and higher lows on Day and Week chart. Contradictions: 1. Price is at the 8 Day EMA not above it. 2. Price is below the 21 Day EMA. Trade: Long RWM Related Trade: Short IWM Disclaimer: All charts...
Thesis: The name is trending higher on multiple timeframes along with the USD overall Confirmation: 1. Higher highs and higher lows on Day and Week charts 2. Above Trendline Support 3. Above 8 Day EMA 4. Above 21 Day EMA Contradictions 1. Below resistence Trade: Long $USDCAD
Thesis: The name is trending higher on multiple timeframes along with other US Steel names Confirmation: 1. Higher highs and higher lows on Day and Week 2. Trendline break Trade: Short $AKS
Thesis Long US Steel The name has been showing strength lately along with several other US Steel and infrastructure related names. Confirmations: 1. Higher highs on Day chart 2. Higher high on Week chart 3. Above 8 Day EMA 4. Above 21 Day EMA Contradictions: 1. The price is currently below resistance so this may be an obstacle to price moving higher....
Trade Thesis: Short Dow Transports The name is showing price weakness as it is wedged between 8 Day and 21 Day Moving average. I will be monitoring this to see how the trend plays out. Confirmations: 1. Lower lows and lower highs on Day chart 2. Lower lows and lower highs on Week chart 3. Below 8 Day EMA 4. Doji indicating price indecision on Week chart ...
My thesis is based on the following: 1. Multiple lower highs and lower lows 2. Trendline break Confirmation Timeframes: Day Chart and Week Chart AMEX:IWM Trade: Short IWM Long RWM The other option is to go long RWM
This chart and trend is one of my favorites because its a longer term trend. It's rare in crypto, but I actually had to use Weekly and Daily charts to see where the pattern was. Considering where the price is and where it's been before I'm optimistic on this name.
This trend is on the path to breakout through several trend lines. The chart shows multiple timeframe confirmation which makes this one of my favorite longs.
This is a breakout from an Ascending Wedge Pattern with a subtle Cup Pattern
This is a setup for a Long Breakout above the neckline of a Head and Shoulders pattern.