Updated my #SPX roadmap. There is small unresolved gap at Supply around 3300 that most likely be filled. I would like to see how this area be treated after liquidity is taken. We just made Higher Low on HTF and keep moving higher. Double top is inevitable. $ES $MES
I know that suddenly entire crypto community turned bullish, but I've spotted near term bearish setup on Daily. Here's why: - Shooting star grabbed liquidity above monthly resistance - Successfully retested monthly level - Clear SFP setup (thanks Tom Dante) - Not enough liquidity taken from 5000 order block. Need to dip again - Overall still in process to resolve...
Not financial advise. Similarity between $USDTRY and $USDRUB -Violation of symmetrical triangle -Fib 0.705 taken out -Clean breakout on Weekly/other Macro Target 1: aiming for the highs, of course. FX_IDC:USDRUB
Symmetrical triangle violated ---- check Fib level 0.705 taken out via double bottom ---- check Upside previously tested via long wicks ---- check Fundamental (news, macro etc) ----- check Where do you think $TRY is going soon? Not financial advise, course.
Amarin ready for a dive to at least $17 for institutional re-accumulation before violating thru resistance and making new highs to $30 this year. Temporary short which I will re-evaluate and flip after liquidity is taken from support areas. NASDAQ:AMRN
Total2 Marketcap (all crypto excluded $BTC) finally printed a good looking green candle and broke thru a loooong term down trend resistance. $ALTS are on the move. Of course every altseason traditionally begings with midcaps. $XMR already running. Others to follow. In the past there was a lot of negativity towards altcoins, every other person on crypto twitter is...
I do not provide financial advise. Despite serious declines in Canna Stocks in 2019 looks like $MMNFF successfully capitulated and retail investors are being shaked out by institutions. Here's why: - On macro, long-term parabolic wedge has resolved itself by hammered spring and followed up by SFP bullish candle. Please note this was second largest green candle...
Aurora Cannabis is returning to home base. Volume picking up, divergency between volume and RSI, capitulation wicks, deviation etc. Once liquidity taken and retest made, we may see either prolonged accumulation or possibly V-type return on major news event or equal.
$BTC deviated from the unstoppable uprising channel and getting fueled. No chance for the BEARS.
Fundamentally I don't believe in $XRP (I hope Ripple's Army will not destroy me here), BUT in trading I have no biases, it's all about price action and making money. Unless major black swan event occurs, $XRP is ready to melt faces. Adam and Eve double bottom. What do you think is gonna happen next?
Looking at Brent chart is so painful. Lot's of chop ahead. Uncertainty. We are f$$$ed anyway. If crude brakes demand - hello recession, if we brake supply - hello inflation. Either way I trade today, not tomorrow. We have arrived to local support/order block and need to consolidate a little and bounce. But then????
Well, chart says it all: 1. No financial advise 2. Couple weeks ago 50 MA crossed 200 MA (Golden Cross) 3. High 6.22 have been taken out by SFP (local top) 4. PA heading down to retest of major "resistance flipped into support" level of 5.75 5. RSI Hidden Bullish Divergence is building (important) I don't care about news, politics, manipulations. Only price...
Some thoughts on Turkish Lira: - Year long accumulation is over - Volume is picking up - Weekly bullish order block/demand zone retested - Forget hitting Targets, I think we are in the game for price discovery - Clean downward break thru demand zone and close below may invalidate current PA Of course not financial advise. DYO Home work.
One of my favorite coins is ready to resolve long term symmetrical triangle. In my opinion Dogecoin, since inception, always followed classic patterns: accumulation, mark up, distribution, market cycles etc. Looks like we jumped the creek and getting comfortable to discover new highs. At some point I feel like Doge will follow fate of 2017 XVG spike. Why? Cause I...
With all of the bearish sentiment in the market $ADA is getting fueled IMHO to mirror the movement of it's Bitmex co-patricipant Tron. Price action hangs just below the daily S/R level and sooner or later with clean cut through the daily OB. Price got rejected at major trend line and confirmed overall uptrend. Overall I believe all Bitmex shitcoins will follow up...
No financial advise, always DYO Home work. Naked charts, simple PA bearish bias on 3D: - Rising wedge forming - Volume dropping and price raising (no bueno) - Gapped candles within the wedge. You know the rules: gaps must be filled - Retesting important fractal (red box). Clean break through this fractal may invalidate current TA. - Major liquidity pool below...
$BTCUSD is in ranging mode. If triangle breaks down, we'll be seeing at least the bottom of the wedge or quick dip into liquidity pool. If reversal wedge breaks up, then we will be looking to make higher high. Price will move faster when it breaks either of horizontal ranges. At this point I'm neutral.