benji13

benji13

Here are some major pivot points based off volume, which gives a more accurate support and resistance than looking at structure. Supports based off VPVR: $5,760 $4,960 $4,315 $2,930 $2,530 I could go lower, but this'll do for right now, will update to lower supports if we break 4k. By the way, Tom DeMark Sequential is looking bearish as hell... Also, by now...

benji13

Here's something very different from what I usually do. It's kind of a mix of me ranting, and some technical and fundamental analysis education, along with some history and important stuff to know about history.

benji13

There's also what looks like to be an inverse head & shoulders. If you look on monthly time frame you will notice a massive pennant which price is near the bottom right now.

benji13

We have a potential breakout soon here, just make sure to use a stop loss in case things go south because of bitcoin.

benji13

Of course, have stop loss if things do not go according to plan .

benji13 Updated 

For the +divergence to confirm on 2 hour, price needs to hold $10,476.28. And on 4 hour, price needs to hold $10,510.92 for +div to confirm.

benji13

This is just an update and education as to what Tom DeMark Sequential is saying on bitcoins daily chart. To see what will/can happen sooner check out 2 hour and 4 hour charts so you get the preemptive strike, so to speak. Here I've presented a new concept in my posts, and maybe new to some of you, that being "divergence". You can have Bullish (+) Divergence and...

benji13

Based off technical analysis, on daily, the bullish pennant is telling us it would be a good long. Over the next few days I want to see if T D Sequential gives us the confirmation for a long trade. I don't like that weekly has us set up for a potential short trade. It's up to daily to give us the bullish price flip on weekly time frame.

benji13

I'm leaning more bearish than bullish on these hourly time frames for right now. Want to see things change course tomorrow morning.

benji13

Here's a nice low risk, high reward trade, and the education/reasoning behind the long trade.

benji13

Just saw this and thought it was worth posting to help individuals who are looking to long. Want to see T D Sequential give a buy signal for me to be more bullish on this trade, otherwise technical's are signaling bullish.

benji13

The Darvas Boxes + Visible Range give us our targets for reversal/support and resistance. The key will all trading is being patient, this T D 9 Buy Setup here on 30min could fail and the short trend could continue, it's best to wait for a green 2 count to break the high of a green 1 count if you're a low risk trader.

benji13

T D Sequential says it's a buy, technical analysis is telling us the breakout has been rejected thus far. It's just a matter of time though.

benji13

Here's an example what I look at and what helps confirm a buy for me if I am doing a scalp trade. I use T D Sequential and a combo of Vix and Laguerre to give me the buy signal, and I use Darvas Boxes and a visible range volume indicator that gives me targets to shoot for; I.E. support and resistance. But the most important thing is your risk management,...

benji13

So far price has held up against the parabola, because of that I am bullish. I want to see price say above $13,800-$14,000 range. Since the New Year has started I expect price to start going up again and make new highs.

benji13

Here's a trade idea using T D Sequential and Darvas boxes as targets.

benji13

Most people don't set targets or they set imaginary targets. With Darvas Boxes, they show you support and resistance based off the opens and closes of candles, and you set your targets based off of the support and resistance . Also, they don't clutter the chart, which is great. On tradingview indicators look up Simpler Trading Darvas Box, and try it out for...

benji13 Updated 

Daily has gotten a flip in price, but long play hasn't confirmed until the high of the green 1 count is broken. This is lead us into a bull trap, but I doubt it. The parabola wasn't broken, so it looks like we'll start a march to new all time highs this in the next couple weeks.