This is an ideal buying area for Oil, Buy volume on the 4 hr has been outpacing sell volume, typically what i want to see at trend reversals. Stop loss around $63 looks fine. A close below 65, i would start to look toward the $40 area. However, if the long plays out targets are T1:85 ish T2: 95ish T3: 110 ish
Typically my bitcoin posts don't get much engagement but the pace of the market makes it the most fun to follow. In my past bitcoin posts i have conveyed the same idea above. I have called this consolidation under 31k throughout the summer for awhile now. I think we get one more buying opportunity before 31k resistance is tested and broken for a violent move...
No reason to go long here, resistance above at 14.8k. If it breaks through and retests 14.8k we will look to ATHs. However, i anticipate a move back down to 12.8 - 13.4k area. That would be the first buy area for me, but would reassess then.
Tricky level currently for gold. If we can flip the $2,050 area for good and turn it into support it is off to the races for gold, start of a bull market imo. However, this is the real world and banks heavily manipulate precious metals. Surging gold signifies a week dollar, so i expect 2k to be heavily defended for now. The damn will break eventually, but not...
I would like to wait for a pullback, if given a long to $105 looks like a good bet. Breaking above year long resistance currently also btc looks good right now.
Lose $84 on a high time frame close, we will easily see a target of T1= $70 followed by a main T2= $50. Go woke, go broke bums. On the contrary, this is the optimal point to go long to play a swing trade if you have faith in disney bouncing back. Stop loss around $84, targets of T1 = $102, T2= $115. I would have to reassess at that point. Wouldn't anticipate...
Confluence at 25.2k region for EMAs and supply areas. Solid purchase area, reasonable to see us work down there. Then a move back up to 30k till end of summer, followed by a look to push higher into the fall.
Not the area to be a buyer. On the one/two hour time frame if i was a buyer 29.2-4 looks like an ideal spot. I dont anticipate it but any breakdown from there 28k would be an nice buy spot. I think this move still has momentum toward 32.5k then 35k area. Dips likely to be bought up fast.
What an incredible move. Looks to be legit demand, doesnt appear to be shorts getting blown out of the water. At resistance currently, definitely not a buy area, but this is strength that i wouldnt fade. Originally i said once we break 27.2 we would range until end of July. However, etf news and big money entering the space has catapulted us to the top of the...
Currently sitting at resistance. Fell into support perfectly last week. Currently i am cautious until i see a break and retest of resistance. My bias leans we break through within a few days and likely come down for a retest. I believe we range under 30k until end of july - early august.
BTC dominance breaking through a 2 year resistance band. I find it hard to imagine we dont see btc dominance go back to the 60% region. Alts to likely underperform btc for the remainder of the year. First stop.. 53%
At resistance, if it can flip and retest, will look to 4.8k. However, wouldn't be buying up here. Looking for a correction down toward 3.7-8k is my current bias.
Algo looks to be forming a descending broadening wedge. It has fully retraced since its last big run. Looking for the strong support here to hold. Enter .342-.35, S/L .3365.
XTZ retraced back down to support of 2.4-2.6. Has proven to be a good buying opportunity in the past. Target prices include 3.1, 3.55, 4. S/L 2.17. LMK any ideas, open to anything.
Bearing Bitcoin doesnt obliterate ALT Coins. OMG looks to have retraced well. Idea is w FIB target prices at .236, .382 .5. Stop around 3.18. Let me know if theres any suggestions. New to this, open to opinions.