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My mission is to be an expert and help people make a ton of money.
1. create the most reliable trading algorithm.
2. Become a professional trader
No good picks for today. Still not breaking the bear market.
🟢WEED STOCKS TOP 10
Green Thumb Industries
Trulieve Cannabis Corp
Canopy Growth Corp
Verano Holdings Corp
Cronos Group Inc
Tilray Brands Inc
Cresco Labs Inc
🔴CRYPTO COINS TOP 10
While had a bad year in the markets some sectors are giving signs of recovery.
One of them is the Space Industry which has seen explosive growth.
We also see some space stocks lagging behind the sector. Good buy while waiting for momentum pick up.
Crypto Market has also been in the lead but does not offer many undervalued projects and is still in a range.
Our 2 leading sectors are Crypto and Space at the moment. While Weed stocks have not shown any sign of recovery yet.
Todays stock pick is ETCMY , a space stock that has been underperforming the rest of the sector for a while and is stuck at a support area.
Let's compare the index to the stock:
Below a closer look at the 5 sectors. Bright...
Weed stocks have been underperforming the other sectors while the rest is slowly starting to light up. However this could be a great oppertunity to get into late entries when the rest is confirmed to have taken a bullish direction weed should follow.
Crypto has been outperforming the other sectors this week as you can see all heatmaps are turning red.
Daily Report on a basket of crypto coins in different timeframes.
This information is most useful to the long term crypto investor to have a quick glance at todays market conditions in a broader picture.
Many traders use the MACD for divergence or crossover signals. It is my opinion that market participants trade almost every oscillator this way. This I find rather simplistic and not respecting what the data shows you. In this tutorial I will show a new approach to reading the MACD, obviously I'm probably not the only person who looks at MACD this way...
There are many wicks on top of the candles on the 15 minute BTCUSDT chart. Honey Cypher momentum is to the downside. The light blue Vwap is starting to slope down. Looking at the honey wave structure we can see that the previous uptrend was long lasting so the chance of the coming downtrend to have this long lasting slow drop is quite likely to me.
At this level we see prior highs and lows all the way to 2020 rally. It does not hurt that the kijun-sen and supertrend (standard setting) are also located at this exact level. This is where traders put their trailing stops or normal stops. The market sure does like to hunt those stops as big players like to fill their orders at these levels when people get...
Price is starting to range at this area after strong uptrend. We see a halt in price drop at the kijun level. This I feel will make the price go back up for a while before possibly going into a downtrend. This is a quick daytrade with stop loss below previous candle low. Target to a recent high.
The trade you see on the chart is where I got filled before publish
I've put a stop market order right below the Kijun-Sen as that would mean we are moving away from these 2 strong ichimoku resistance lines. The chikou span is free to go lower as it will take 12 more bars for it to touch close again. It also gives some nice resistance when touching past price area. You can use a smaller stop and take profit to your liking but the...
After a very long uptrend we finaly hit the Kijun for an entry signal. Put stop below the Kijun previous resistance area that has become support and take profit at a high point in the range that is forming.
We got a touch of Kijun-Sen that got rejected on this pair (tellow circle). This happened while we just escaped the bottom range so it gives resistance at the bottom. With this in mind lower your position sizing. The Kijun future is sloping downwards and cloud is bearish. The future cloud does look a bit bullish however. Chikou span is free to move down as seen by...
Avax has not broken the resistance hard enough for me to say we actualy broke it. I want price to go above the previous breakout attempt, go back to the line and then get rejected. It is at this point that we enter if ichimoku is still bullish.
I recommend anyone in a short to atleast take some profits right now as the drop in price is becoming unsustainable. Especialy if you look at the future of the ichimoku lines you can clearly see a long flat Kijun-Sen. These flat Kijun-Sen lines usualy attract price very well. Bullish candle is already forming on the daily chart and I only expect it to increase. We...
This is not the cleanest Kumo-break you can get as not everything says bullish. For example the Tenkan-sen is below Kijun-sen and laggign span has a high chance on finding resistance in next couple days when touching previous bullish move. I would not allocate alot of capital to this trade as it is not a perfect kumo break. However it will probably have it's...
I took this trade on USDCAD because this range has been very clear and the probability of staying in the range is higher than breaking out of it. Range trading is one of the easiest methods of trading.