Ok guys, not a messy chart this time... lol I did state in an earlier idea that we were going to see some really strong bullish moves, and that from here on, price will have huge volatility to the upside before a major crash down. If you're in a long, you can either wait it out, or sell near the 2.618 retrace. You could even short down to the middle support,...
Just posting a long term outlook for UNI/BTC pair since UNI is all everyone is talking about... After looking at the chart, it does look very favorable for strong bullish growth in the long term. Since there is not much history to it, I can only really see the very first major swing, but all signs point to extreme bullishness on this pair.
Broadening descending wedges are typically a reversal sign. So far we have reached between the 1.414 and 1.618 reversal swing and should be heading back down to hit support around the 10300 region again before we break out and above the pattern.
YES, there is a lot to take in with this chart... Guys, be REAL careful shorting this right here. The one thing I've learned about crypto price action is that it tends to be impulsively obvious before it wrecks all the traders that position themselves in the "obvious" immediate price action trend. Yes, we have had a VERY bearish past few days here. Price plunged...
Did you ever want to know an exact timeframe for when a high or low will be reached? We usually tend to think mostly 2 dimensionally when we talk about charting or TA, although we naturally see time in our charts, we mostly really only PLAN our trades based on price (and sometimes other indicator factors: RSI, MACD, etc)... Well, what if I told you that there is...
Morning traders, So we retraced a bit further than I expected. We did have a very beautiful bounce off the 1.272 local swing yesterday, however price action really wanted to test buying in this region and retraced down a little past the 1.618 local swing. A couple of things to note. I am still currently in a long position, although there are obviously some...
Hey traders, I'll keep this short. The price broke above the swing high after the 9/22 EMAs crossed above the 55. It looks like it has had its retrace from the swing to the 1.272, which is typical after a breakout. This is a nice place to buy and stay in for a long shot up. The retrace on this pair has historically not always made it to the full 1.272 fib...
Hey traders, just making a few adjustments. Yesterday's idea was for a 12k run and I had wave 3 extended a bit higher. But I did say that what I am looking for to find the end of wave 3, is a cross on the 22/55 EMAs on the hourly... Well, that's just happened today, so we are adjusting our targets because our price action. We are still long till the end of this...
I've slightly updated my calculations from my previous post and decided to go with a slightly higher exit point from this uptrend. I did have a snap of the daily chart showing in my previous idea, showing you why I believe we are in a bearish trend (simply because the 21 EMA crossed below the 55 EMA, which has historically been a sign of a pending bearish...
Hey fellow traders! Been a while since I've been on here. I've had numerous special projects in the works and something had to give, I've just not been able to post ideas on TV because of my schedule. Let's get right into the analysis here... If you're a moving average trader, you typically used a 9/10 and 20/21 and 50/55 EMA mix, or something similar (they're...
We have a perfect bullish breakout, with 21 EMA just crossing the 55 EMA, with both the 21 and 9 above the 55 EMA. Just took out the swing high... This is an easy 8% play. We have an almost perfect alignment of 1.618 retrace from swing low to the swing high we just took out, and a 1:1 swing based retrace aligning right at the $10.70 mark.
My initial feelings are that we are in bear country now... No doubt, traders are salivating on best long term short prices, which is why we are likely headed back to the 12k-13k zone at some point and time again before an all out selloff so that the impatient shorts that already got into positions seeing price weakness, will have their butts handed to them... Only...
Ok fellow traders, little updated due to price action. Note that prices are valid for Poloniex exchange, so you will have to do a little math to convert to your exchange prices. This is a PNF chart with $20 boxes, 5 standard reversal. I chose the 5 standard reversal for clarity since BTC is jumpy as all heck. Long position is intact UNTIL a double bottom...
FIRST AND FOREMOST GUYS! THROW THIS IDEA A LIKE! ***I WANT YOUR IDEAS AS FAR AS WHICH CHART YOU WOULD LIKE ME TO ANALYZE FOR YOU IN MY NEXT IDEA WITH POINT AND FIGURE CHARTING! PUT IT IN THE COMMENTS SECTION OF THIS IDEA AND I WILL GO THROUGH THEM IN MY NEXT IDEAS!*** So if you saw my long idea yesterday, we had a technically good reason to go into a long, even...
Well folks... Buffett told all these "I'm the captain now" barstool retail traders that the pain is coming. Well... Pain is officially here. Reason Warren Buffett is rich: 1) He's not dumb 2) He's really smart 3) Whale in plain clothing Cliff Notes: DJI is looking at a measured move to the high $24k region. Barstool captain traders all over the world have just...
All the comments in the chart guys.
Good news! I finally got P&F chart correctly set up with the right options in TV. Nice little trade setup. We retraced from the fall, but I do not believe it has reached it's target as of yet. Still expecting 9240 before local reversal. $10 box setup with 3 box reversal. S/L and TP indicated in chart.
One thing I am starting to love about the point and figure charts is their simplicity and clarity. I will let you guys know upfront here that unfortunately TV does NOT provide the correct settings needed for proper point and figure TA. My math on the P&F chart is coming up to 8k, however $7600 IS a possibility if 8k fails. SL at 9600, profit target is 8k... If...