Edited: Bear Flag not Bull Flag. I'm still holding a sell from 1950. I was about to close it out but I saw the bear flag formation. I'm Holding and adding another position. I'm using the Moving Averages just above the sell as my stop losses. Good Luck traders. This may be the end of my day
It Could Go Higher COINBASE:ETHUSD
It's already tested the underside if the trendline and rejected on the 4 hr. The 50 MA Could keep it afloat instead of a full rejection. It's at the "CrossRoads" on the the 15 min chart I'm wait for another retest before I take action. Then I'll be watching the 4 HR 50 MA. Just a heads up COINBASE:ZECBTC
If you don't Understand Mitigating institutional candles, do some quick research. Gold has been institutionally mitigating almost the entire time. But I think I've spotted the next mitigation point .... Between 1932.082 and 1928.01. I found this flat top bear candle on the 3 HR Chart. A sell to Buy candle. Institutional candle. The institutions are still...
The 30 Min Litcoin Chart from the previous fall looks very similar to a Wyckoff Accumulation Schematic. These Schematics Can be found on any time frame. I have marked every point that you would see in a Wyckoff chart. We're jjust waiting on the sign of strength to "jump across the creek" Maybe have a little shake out before the distribution continues. We're at...
Price action just fell out of both of my custom bollinger bands. It's at a cross roads for the trend to continue upwards. It appears to have been in accumulation for quite some time and it just had a push down that may give the bulls the go ahead. And with Crypto , there's still time to analyze to see where you think is the best entrance. Mine is as shown 76.20. I...
Just Look. Sell at least to the support fot TP 1. Hol on to see if you might get a little more on your personal TP 2.
Using Bollinger bands and Fibs, I placed the trade which gave me a bit of a spread at 76.17 when I'd rather have it at 75.75. Either way, the way Dash has been moving, this looks to be going long as their was wguite a time of accumulation and it just needed the push down to accelerate it long. Here's to hoping we make a new High. Just FYI these are two trades...
At first when the price action fell below the 200 MA on Friday, I was a bit nervous. Luckily we had a bounce back above the 200 hundred. Which then left the price action stuck between the 50 MA and the 200 MA. Leaving it a guessing game as which direction we might be heading. Oddly we have settled on a support line... which is the same suppot line when Biden...
Dash nailed the glorious corss trends between 66.50 and 7.50 which gave me a roll of the dice type of positions to my trading portfolio. After taking some profit (of course) the next best thing is to find the next best position. And we're not far off. It could be a few hours before we see another Crypto " what the F...ALL" into 69.5 - 70.5. This should corss with...
I've been having success at Scalping #Zcash and #Litecoin as of late. Their patterns have become quite prediectable. In this chart you can see where a descending overthrow trendline meets the underlying, more powerful uptrendline. If the price action meets at the exact spot needed, a long may be the best opportunity. Granted I may need other confluences such as...
I'm a huge believer in what the 50 and 200 MA's can do. I've bee trading solely on those MA's on Crypto (LTCUSD and ZECUSD) All weekend with huge success. We're in the middle ground on SPX. I know my chart isn't fancy, but on Friday the 4 hr 200 MA Rejected price. Yeah, it went a little lower to a support level, but they both acted as the same) I'm going to assume...
Since 2018, SPX has been forming a rare Broadening Accumulation Schematic (If you study Wyckoff, these ideas are present). If we finally break this resistance line, Look for a retest and a race that will rocket pretty far. At least to the 4,000 level. With the holdings becoming more on AAPL and the volume of just that one stock having an uproar, it's possible....
I've been studying Wyckoff's Smart Money Theory for a while. And after staring at the EURUSD chart it almost looks picture perfect to a Wyckoff accumulation chart. If there are any other Wyckoff students out there, please let me know what you think. I just made a play on the operator candle (The long play box is in the chart) )as this should go long right now...
Excuse my messy chart but it makes sense to me. The current .236 is serving as major support since early Monday morning, (That fib starts at 1670, which is also the start of my golden trend line drawn in the 4 HR chart) just below the 1980 level. Which if you recal my previous Idea, that would be the start of the right shoulder. However, I'm not convinced it is...
Short Term: Bear Long Term: Bull Unknowns: Fundamentals (Stimulus talks/reaction to gold creating instability in the dollar, Crude Oil Inventory Wednesday, Unemployment claims Thursday) For the past week and a half we've had a good bull run on the SPX. I myself made plenty of good trades and was able to hold the position and ride the wave. But I'm afraid it might...
Making a quick call and possibly jumped in a little late but we exited the channel that I presented from my last idea and re-entered. Upon re-entry we have positive news of the CPI and a bull Flag. Also yesterday's low is acting as a great support thus far. As long as that support isn't broken then I'll stay going long to see if we can break the high today.
It hasn't ventured out of the channel yet since thee beginning of the month. It's been very predictable and easily tradeable this week as long as you're paying attention to the support and resitance zones that it continues to create as it works it's way through the channel. However, we're nearing the ATH and I'm curious as to if we'll see if the resistance force...