TheTrex

TheTrex Updated 

Bought some NXT stoploss below blue line.

TheTrex Updated 

Price moment is starting to stagnate to go down while weekly MACD is calling for a bullish run up. In this chart I charted bearish and bullish trendlines which all seem to point to first week of october where the bullish momentum will start to overtake the downtrend momentum and signaling a bottom. So far we have seen 2 downwaves and after this successive uprun...

TheTrex Updated 

Break-out above blue line or buying at the black line is best.

TheTrex Updated 

Potential bullish wedge scenario and an extended bearish continuation scenario. For now 7000-7500 looks like a decent retest and great short opportunity. Leave a comment and like if you agree or disagree, love to hear some thoughts.

TheTrex Updated 

It broke below Elliot wave support of uptrend wave II, should retest lower trendline now or Fibonacci Extension targets. 420-450 USD

TheTrex Updated 

Understanding Structure is key, where did bullish impulses start, where do we want to buy and where to sell. Be strict, we are in a bearmarket, take good stops and good luck! Trading the white lines for scalps is great!

TheTrex Updated 

Monthly MACD is looking really bear, have been saying this for a long time now and looks there are higher odds of losing 6k looking at long-term indicators than bouncing here. Will be interesting watch for sure. 4800 USD looks like the 1.618 extension of this last wave.

TheTrex Updated 

Quick chart for targets, 6400 should hold or will get more bearish.

TheTrex Updated 

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TheTrex Updated 

Monthly MACD is coming soon to a cross, comparing it to 2014, real selling only started then and you can also see that if you look at the colored volume bars. Stoch RSI has running bottom for a long period in 2014 so being at the bottom doesn't mean too much historically speaking. The time prediction also seems to align with the coming together of the bottom and...

TheTrex Updated 

I'm looking for wedges, this is one of them.

TheTrex Updated 

Up and down Fibonacci retracements in chart, I think this favours up but market can be unpredictable.

TheTrex Updated 

MACD says bottom for now on 12H, daily just starting to cross up.

TheTrex Updated 

Additional chart for using time-extensions.

TheTrex

If you shorted the left shoulder right and put stoploss right above, short with minimal risk and loss, almost none has been lost. Since we broke above it is now more likely to head a bit higher.

TheTrex Updated 

Not many traders use Fibonacci spirals, they are hard to apply and read (linear trend-lines are often much more intuitive). However spiral trends are equally valid, as any other trend linear/curved/moving averages, and can show us new data where future trend point might find support or resistance. Hope this chart will help us a bit better in understand it's evolution.

TheTrex Updated 

Volume shows that we had some stronger buy volume kicking in, daily macd is also about to go up again (for how long is question). I think we will see price retest 7630-7721 before going down more, long-term view is bearish.

TheTrex Updated 

Adding a whole spatial dimension to this, chamber of echo's is based on fibonacci angles from prior uptrend and the corrective waves echo from this frame into the depth (lets consider to call this dimension mind for now).