About meMy name is Donny and I'm a Financial Analyst and Educator for a large Trading Academy in Australia.
I also create quantitative Indicators and have a YouTube channel sharing ideas with a series of tutorials and walkthroughs on various products.
I feel we are back into a critical point with bitcoin right now, this whole rally back up to 52k never felt strong and was more of a suckers rally imo.
this latest liquidation move has upset the field a little and pushed some people into the realm of uncertainty.
I feel we need to get past the key fib levels on this retracement to regain strength other wise its...
Strong resistance at 1830 almost looks suppressed with how accurate that level is with consistent volume.
Not really looking for longs buying into resistance but break above here could see this wall break down and a lot of positive price action.
At the same time another rejection at this level could see another touch down to the support set around 1680.
Amerco the parent company of Uhaul in America a large transport company.
Logistics and transport have been a massive player in current economical situation so these companies are not to be overlooked.
Noticed a lot of inside buying going on with the CEO's recently so took a position on a punt before the break out of the major descending consolidation.
Been consolidating for a while but finally broke the bearish structure recently and is starting to head north towards to key areas of resistance.
Already got a position from the consolidation but looking to possibly add to the position if we retest that upper band of the previous consolidation.
Ideally not a fan of buying into resistance but it seems to have...
One of my favorite ETF's to trade on the ASX is the ACDC battery tech beast.
Its had a steady rise since the covid drop with over a 120% return so far, but we moved into a consolidation range with an upwards pressure since the start of the year.
We have had a few touches on either extremes of this range and im expecting it to break sooner rather than...
Could see a push on BNB today after this squeeze being forced over the last few weeks.
Got a good pick up around 460 on the EQ at the end of the month but looking to hold this through the decision here.
Break above could see a rally to high 500's
Break down or rejection at this level could see us range back to 460, but with Bitcoins latest push I dare say we will...
only an hour to go on the daily close and we have crossed back above the current resistance and 618 retracement from ATH.
A solid close above here could confirm the bulls are back to keep us about the 50k level and find new support to now trade the 50-60k range over the next month or so.
Expecting Bitcoin dom to climb a little but only short term as the bullish...
Nie change in market structure with that V bottom recovery on RLT and a sweet break and gap up off the next line.
Already in a position but looking to start pyramiding orders on this pull back and trade the trend up.
first target around 2.26 but chasing the 2.80 highs by end of the year isnt out of the question which is over 100% from the v bottom.
Taking a position on Gold for a short term trade, broken out of the major structure after a solid bounce from the big drop a few weeks ago.
New structure forming over an important EQ level after the break out and now forming a bit of a bull flag.
Only looking for a short term trade here for now up to previous resistance.
Was an interesting night with Bitcoin forming a Higher High in this tightening range but we where still met with resistance from the previous high of the trend over the last month.
The rejection or double top wasnt ideal to see this continue further as its not confirming a potential distribution through this tightening range.
How ever a tightening consolidation...
Been in this for a little while now since the change in market structure and added a few times to this position so not the best avg weighted entry but still well in profit.
Classic sweep of lows and change in market structure has me excited on this position and more recently over the last month with the gap up above the previous short term high and now the...
AXS has been pushing into a squeeze with this pennant forming over the last few weeks, and there is normally only 2 outcomes from this pattern.
If the hype is still around this coin then I would expect a push upwards and because of ATH levels I would be using a trend based fib to find some hidden levels, which also lines up pretty well from the measured move of...
Dots had a solid run over the last month, i only traded this on spot and was happy to ride the waves, how ever im feeling a possible retracement coming at the moment.
We have hit a level of resistance and after the run we have had and the 3 impulsive moves, I would be expecting a descent market correction over the next few weeks.
Bull case is a sharp and short...
Taking a short entry on Silver today looking for a break down of this bearish continuation pattern and looking for a double bottom on this high volatility level.
This zone has been bought up a few times in the past and is considered a high volatile area but these levels can break eventually if hammered enough and the HTF EMA's on silver arnt looking the best...
BNB much like Ethereum had a huge pennant play out on the higher time frames against bitcoin which broke out over the last few weeks with descent conviction despite relatively low volume.
Market is having a little cool off but respecting a equilibrium level at the moment how not ruling out a sharper pull back to around the 382 fib line.
If the trend stays in...
A fair few crypto currencies are currently stuck in a range against BTC at the moment but showing bullish signs.
Still a bit to clear yet but the momentum is pushing these coins to the upside towards the resistance of the range.
Chasing the trades from here could be lo probability but the confirmation of a break out of this range could see us move higher with an...
Metals havent been performing well recently and after the big drop a few weeks ago cementing the current trend I feel like this recovery will be short lived as we now head but the overall down trend once again.
Looking to target the previous support over the next week or 2, but if we break this trend and find support here i may bail early and look for the bull...