About meI look for symmetry and consistency in longer-term time-frames. I like themes that help identify the bigger picture. My execution is based on classical charting principles (for trend following) and key harmonic levels (for mean reversion). All assets.
This is a fantastic breakout on the daily time frame. I think it's an especially good call option play.
I went long midday and at the close. I will add on weakness tomorrow or Friday into 311.xx. I don't expect much of a pull back at all.
The chart on the right represents 30 year treasury bonds. The chart on the left is TLT, an ETF that expresses a trade in treasury bonds.
The way to profit most is probably via call options on TLT. I am looking at the 172 strike in August.
The other way is to be long futures. I am long ZB1! futures contract. The negative is the minimum size is $181,000. So for...
I know some people not touching PTON stock because they think it's a fad.
Lucky for us technicians, it's irrelevant.
We know our risk. We know our target. We know how to manage the position. All without having an opinion.
I prefer staying away from fundamental hot debates, but to me this is obviously not just a bike company. They've built a brand that...
I published my thoughts on BTC's probable rise toward 10k on July 24th. Post is at the bottom. We are there now.
Bitcoin's had difficulty at the 10k level since Q4 2019... Just as silver's had difficulty at the 18.80 level, also since Q4 2019. If you look closely at where recent extremes in prices have hit (specifically the last 9 months), you'll see a lot of...
In my last analysis (see below) I was long and exited in the low 42s. I am getting bearish as this level continues having difficulty. Difficult to say if the trend line drawn is very relevant for the structure, but the horizontal resistance is well defined.
This is just a structured way to look at BTC's price action on a 30 min time frame.
A warning about lines - I do not take them *too* seriously, even though I use them for ALL of my analysis. Lines often get broken and price gets 'there' however it wants to get there. At the same time, they help us with structure, which helps us with risk - the only thing we...