Dear John, I peruse the community, browsing charts and the crypto section just makes me sigh a lot of time. That's ok, because there's something I can do about it. Many crypto traders are stuck and confused with the current action in BTCUSD. That's ok too. Normally, I just post charts with levels and targets. Today I'm gonna break some things down Let's...
After reaching the low 400s target from the short from 1900, I think lots of traders are going to be buying this short term retracement neart the top of the move. I'll be happy when I see 200$ or lower price for BCH
I like this for a short setup. Maybe see mid 13.00s before getting real selling. Targets listed on chart, and could take a while.
I haven't been watching stocks as much lately, but I wanted to point out some things that were obvious to me. Much like the SPX, distribution has been set in for a while on the push to all time highs. Zuckerberg and large holders undoubtedly had knowledge about the coming outing of Facebook. This is what distribution is...selling or profit taking, which...
I like this as a longer term short trade. Expecting at least $8 target eventually.
I like a long from theses weekly lows. Expecting a nice bounce setup.
Shorter term trend high lost. Distribution setting in, would expect to see some lower targets hit.
Dear Johns, The ETHUSD chart looks similar to the BTC chart, however it has already retraced for most of it's primary trend. The 600 area is of the importance. It must be gained in order to attempt to re-enter the bullish trend. Failing to do so, will likely cause a retracement back to the 420 levels and possibly lower. Because the high has been lost, I...
Might take some time, wish their options were more liquid.
Looks like it's setting up for a dump to lower 200s
Levels below.
Losing 1520s would be exciting. Lower time frames different story.