Steven7960

Steven7960 Updated 

The daily chart shows that price is at the 21 EMA which is likely to act as support. And on the hourly chart, price is coming to test a support level around 335. Today, just printed two low volume sell bars near that the 335 support level. A good entry price would be between 335-336. I would place my stop at 332.60 and my profit target at 342. I think it...

03:11

Steven7960

Check out my weekly analysis for Chainlink. Note: I currently do not own any Chainlink

03:14

Steven7960

Check out my weekly analysis for Bitcoin Note: I currently do not own any Bitcoin at the moment.

03:02

Steven7960

Check out my weekly analysis video for Cardano. Note: I am currently long Cardano

Steven7960

Today's bar was a bullish bar and went above the high of yesterday's low volume bar. April 27 and April 28 were low volume days as well. When price continues to put in new highs despite these low volume days it is a good indication price is headed higher. 4250 and 4300 are the next targets for the S&P. I do not advocate buying into the highs so entering on...

Steven7960

On April 22nd I wrote that it was highly likely that Bitcoin would continue down to test the 45,000 support level. However, I also said that it could turn out to be a failed breakout of the 51,300 support level. I said we would know fairly quickly within 24-48 hours. Well, it took about 72 hours. Price is now back above the 51,300 support level and buyers came...

03:44

Steven7960

Check out my weekly analysis video for Cardano. Note: I am currently long Cardano

03:33

Steven7960

Check out my video for price and volume analysis of daily chart.

03:23

Steven7960

Check out my weekly analysis for Bitcoin Note: I currently do not own any Bitcoin at the moment.

02:46

Steven7960

Check out my weekly analysis for Chainlink. Note: I currently do not own any Chainlink

Steven7960

This evening price finally broke through the low of 51,300 after being in a squeeze to the downside. That squeeze can be better seen on an hourly chart. Click link for pic of that. www.screencast.com The past few days including today were bearish bars but "normal" volume bars. The buyers are not stepping back in yet. They have tried to hold the line for the...

Steven7960

Buyers have yet again taken price above a low volume buy bar. Price went above the low volume bar of April 13th and those three following bars were "normal" volume days which is a strong indication that the buying is strong and we are definitely headed higher. There might be a small correction but it is highly probable we are going to continue to put in new...

04:44

Steven7960

Check out my weekly analysis video on Chainlink.

Steven7960

Nothing is impossible when it comes to price action. There is always a chance that price can have a move up or a move down. If someone tells you that a certain trade is going to win 90%-100% of the time, they are lying to you and it is best for you to run away from them. So last night we had a quick and strong selloff for about 20 mins and today's bar was fairly...

Steven7960

On April 8th big players stepped in as can be seen on this chart with the cyan blue colored bar. There was an incredible amount of volume but the range of the bar was small. This is known as "high churn". Price continued to stay above 1.18 and on April 12th a buy climax volume bar printed (blue bar on chart) with a high of 1.345. Three buy climax bars...

Steven7960

On April 13th Bitcoin broke the resistance of 61,300 and put in a high of 63,774. April 13th was a buy volume climax bar (blue bar on chart) which was followed by another bar which put in the all time high of 64,896. April 15th was a buy climax bar as well but price failed to move higher and broke below the buy climax bar of April 15th. This is not an indication...

02:14

Steven7960

Check out my weekly analysis on Chainlink.

Steven7960

The SPY put in 3 low volume bars on April 6,7, and 8. These are the yellow bars that I point out on the chart. Buyers pushed price above the high of the April 8th low volume bar and Friday's bar was just a "normal" buy bar. I say normal because there was no indication it was a low volume day, a churn bar, or climax volume day. There is now at least a 60%...