On April 10, WhaleFlow indicator gave a sell signal on BTC at $42500.
This was the moment the Whales (Investors who move the crypto market) started selling and collecting profits.
I would only enter if WhaleFlow gave a buy signal.
No need to guess and gamble, just be patient and wait till the indicator gives you the green light.
AMC earnings is in 6 days.
I really like the setup AMC has
1. Earnings estimates are low: its estimated that AMC will get around -0.63, last earnings it did -0.26.
2. Its in a strong demand zone.
3. Thick bottom BlueWave
When to enter?
Enter once AMC breaks the resistance Line
Set an alert on these Lines.
I don't recommend going heavy since meme...
We are reaching extremely high Futures prices in the commodities sector. It's a bit worrying especially since these prices are approaching 2008 levels, some are higher.
We might see a global recession, and it can be triggered by a black swan event (The Russian war could have already started this catalyst) and a global Inflation that doesn't seem to slow down.
This is Oil futures Weekly chart👆
as you can see, $112 has been a very strong resistance level back in 2010-2014.
Not to mention the strong bearish divergence on BlueWave on the daily and weekly timeframe
Shorting Oil will work out, the hard part is knowing when.
I wouldn't recommend playing short term options, as time doesn't favor options.
Demand zone is where we have the highest amount of purchases by volume.
You can turn on your volume Profile to spot it if needed.
I would personally enter if the following conditions are met:
1. We reach the demand Zone (starter position)
2. We get a buy signal from WhaleFlow (add to the position)
3. We break the trend line/pattern to the upside (Add more to the...
In this quick tutorial, I show you how to find the volume profile range manually.
So what is a Volume Profile?
The Volume Profile study represents trading activity over a time period at specified price levels. Considering the input-defined aggregation period, the Volume Profile plots a histogram showing price distribution, revealing the dominant price values in...
Sector rotation is important to gauge the current economical strength that we're in.
This is the 60 day sector rotation summary. (180 day also looks pretty much the same.)
It's very clear that we're in a bear market right now, which doesn't happen often (1-2 every decade)
You can clearly see that that Discretionary / Tech / Industrials / Materials, are all going...
Lets face the facts, PLTR is an unprofitable company.
The main think took look at is their Net Income/EBITDA, and it's negative (losing Money)
This year, financial institutions and funds are avoiding unprofitable companies like the plague.
If you are still bullish on PLTR then consider the following.
Make sure PLTR breaks the yellow trend line. That would be your...
$700 is a decent vale as its getting really close to the Bollinger band.
Volume Profile shows that $600 is a strong demand zone.
For safety purposes, its best to enter after we cross the resistance trendline with a starter position.
I predict that the market should reverse in early April.
So be patient, let the trade come to you, don't chase it.
What Is a Head and Shoulders Pattern?
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, where the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
The head and shoulders...