DigitalMoneyTraders

DigitalMoneyTraders Updated 

Do not buy... wait - double top - weakening volume - Bearish divergence RSI - Bearish divergence MACD Give this some time to consolidate after the crazy moves---currently just as good of chance of whipsaw as profit If breaks $10 then get LONG!- hopefully this is the case

DigitalMoneyTraders

Waiting for $10 but looks like ready to start to turn around Wait for trend to change on 5 min, then 15min, etc... Lower lows to higher lows

DigitalMoneyTraders Updated 

Potential Price Explosion Confluence Zone - Daily Inside Bars - Holding 12/26 EMA- common crypto setting - tightening and holding below 50 MA- if breaks resistance becomes support - ascending Triangle - PRZ- potential reversal Point set at $0.06 - falling wedge- BULLish - BULLish divergence RSI/ MACD

DigitalMoneyTraders Updated 

LONG - Falling Wedge - peak Volume Stops the movement - Candles confirm potential reversal point and Swing Low (SL) - ABC Correction Complete - BULLish Divergence RSI - BULLish Divergence MACD FYI- coin market cap has this coin released October at around 1-2 cents- that is where the start of EW Bull Cycle starts

DigitalMoneyTraders

Bullish Swing position entry

DigitalMoneyTraders Updated 

Cup and Handle target $10

DigitalMoneyTraders Updated 

BULL use caution- everyone piling into this stock--- who is left to Buy????

DigitalMoneyTraders Updated 

Dead Cat Bounce - Failed rally after a sharp decline - occurs after a large downward gap or downward breakaway spike- called an event decline and usually occurs on a bad new event - the "bounce" comes from bargain hunters and bottom fishing traders "In 67% of DCB, the price continues lower, and average move after the DCB 18%". Wiley CMT p.168 The setup literally...

DigitalMoneyTraders Updated 

Bearish Butterfly or Up sloping Bull Flag Uptrend favors LONG LONG - price action has returned old Up trend into a regression line -overall is in an uptrend -all time highs Short - bear butterfly -RSi divergence Strategy - options straddle/strangle - protective put

DigitalMoneyTraders Updated 

Head and Shoulders Top -if neckline is broken, then head and shoulders statistics - Wiley 1. 96% reach at least 5% gain 2. average move 23% 3. 67% of breakouts retrace then continue in original direction 4. 53% reach target price- measured by the base of the head already moved 5% so this is a "successful" H&S pattern I expect continuation

DigitalMoneyTraders Updated 

Oops! Setup- "Larry Williams 1979- opening range pattern that profits from a sudden change in direction" CMT Wiley Opening Gap filled the opposite way- shows an incorrect move, and quick change in sediment. Place buy stop on the opposite gap.

DigitalMoneyTraders

plan- scale in bottom fishing around $150, buy protective put against long position.

DigitalMoneyTraders Updated 

-Steepening trend line - exceeding pitchforks - exceeding BB All good signs for Bulls- but unsustainable long term. Momentum should carry the price higher in the short term, but long term look for trend to return to a less aggressive uptrend.

DigitalMoneyTraders

BULL FLAG my tracking

DigitalMoneyTraders

Counter trend trading = dangerous tight stop

DigitalMoneyTraders

DeMark Method of determining reversal points help identify sideways trends and supply/demand zones. Channel Trend- trading range slanted up Support and Resistance line/ price point is weaker than a support and resistance zone. -3rd touch of support and resistance point will commonly lead to break out

DigitalMoneyTraders Updated 

Profit taking at $4.20- puff puff pass bro! LONG -Ascending triangle - potential Elliot wave- setting up for impulse wave 3 and price cycle 2 -normally the largest moving section - 3 touches of $4.20, if doesn't breakout on 3 typically will on 4th touch - higher highs and high lows- CON -daily large volume on one of the tests of all time high without breakout=...

DigitalMoneyTraders

my tracking ticker trading $0.095- sounds cheap so BUY. I remember trading this at $0.85 not too long ago. no technicals- other than obvious support my plan- accumulate and HODL