ZenAndTheArtOfTrading

ZenAndTheArtOfTrading Updated 

There is a potential reversal occurring on this timeframe. The S&P500 has re-tested the lows of the range and had a nice bounce, implying risk may be on today. We have just broken above 15m resistance and the 50EMA and then pulled back into that resistance zone and giving me a valid long setup. The DXY is really struggling to climb higher, meaning the dollar...

ZenAndTheArtOfTrading Updated 

Potential trend-reversal move here, engulfing candle below the 50 EMA after a break of structure. 2:1 setup, B/E @ 1:1 RR (previous low)

ZenAndTheArtOfTrading Updated 

Another nice valid day-trade setup here. Break below 15m structure, below 50EMA, room to the downside. 4HR is in consolidation, but the S&P 500 is in correction mode so the risk-off appetite may push this into the lows of the range again. SL @ B/E at 1:1. Target slightly over 2:1 due to a late entry with better RR. Fell like a rock after I entered, but we'll...

ZenAndTheArtOfTrading Updated 

A nice day-trade setup here that meets my rules. Bearish 15m trend, break below 15m structure, below 50EMA, bearish engulfing after a pullback. Also below a key Daily level (that may act as support and stop me out), but above a more major Daily level at 1.315. The bounce above 1.32 has me nervous that we are about to see a reversal, but because of the room to...

ZenAndTheArtOfTrading

I just wanted to identify some key 4HR levels to watch over the coming weeks - I noticed that right now Fibonacci is being respected quite well. If this continues and sentiment doesn't change real soon, then I would not be surprised to see 3k get tagged on the next impulsive trend-continuation leg down. Panic selling is just beginning for a lot of early adopters...

ZenAndTheArtOfTrading

Just some extremely simple long-term probability + pattern theory here. 10 times in Bitcoin's history the RSI has dropped below 25 (on the 14 -period Daily setting), and 7 of those times that has been followed by a significant recovery. Granted it is not a large sample size of occurrences to work with, and this over-sold condition is worse than the...

ZenAndTheArtOfTrading

I am a price action trader. I believe that the factors that go into the decisions which traders make that end up influencing a market are far too complex to predict or anticipate with perfect precision. Basically, I believe in trading the probabilities, not what I hope to see. I also believe that human beings are creatures of habit, and that our habits form...

ZenAndTheArtOfTrading Updated 

This is my private Bitcoin 1.92% market analysis that I usually only share with my trader friends. The labels on the chart are pretty self-explanatory but if you are unsure of what the indicators mean then please click here to read my original analysis and write-up: Basically my sentiment hasn't changed at all and things are panning out pretty much as...

ZenAndTheArtOfTrading Updated 

This is my private Bitcoin market analysis that I usually only share with my trading friends. I figured I'd publish it publicly this time since we are at such an important juncture this week. I know there's a lot going on with this chart, but it's all fairly simple and self-explanatory. I often share this with friends who are learning technical analysis which is...

ZenAndTheArtOfTrading Updated 

I'm not a fan of the word 'mooning' when it comes to trading, but hey - I call it how I see it, and the fact is XVG (Verge Coin) was hammered this week due to FUD but is now refueled and ready for re-entry. I won't got into details because you can Google it if you're interested, but the drama has ended and now we are sitting in the calm before the very bullish...