A few weeks ago there was a potential inverse H&S in the making, but after it broke the neckline (twice even) it eventually failed. This does not mean the bottom formation is over though. Now we are at a support zone and from the looks of it, it seems it wants to turn up again. But i am not going long here, i am going to sit and wait to see how the coming days...
I actually did not take this fractal that serious, because of the very different time frames and we had a rally prior to the start of the triangle on the left and this time it started after a drop. But the similarities are clearly there, especially with the current drop and spike up. So i thought it's at least worth showing. If you want to follow it, click on the...
We are still moving inside of that big triangle, with several attempts to break out of it but so for no follow through. I am going to do a swing trade here and a scalp. With the scalp i am going to try and finance the stop for my swing trade. There is a decent chance we are at a support level now, making a higher low which could be the start for the upwards...
Seems like a solid bull flag here, which i will trade if a see a real breakout, not any sooner than than. Previous analysis
Trading the stock market is a completely different game than trading Crypto or commodities/currencies. All of these different financial markets have one thing clearly in common and that is trapping retail money and use their money and stops as fuel to get in and out of positions. From my experience of the stock market, things become very obvious at a certain...
The previous bear flag trade got stopped at break even because i lowered the stop to entry. I was too premature with that decision, but i did it because the bear flag was getting so big i was having some doubts. But hey, better safe than sorry :). Now looking back, it never got above that resistance level and at the moment we broke the support and even had a first...
In my previous analysis, i posted a possible bear flag trade. I have change my mind on this now since the movement of the past days is starting to look like a bullish wedge now. My trade did not even get active, even though it followed the blue line quite well, but i did not like that squeeze up earlier this week. Because the bigger picture suggest a drop is more...
Since my last post on XRP, the crypto market was in real panic mode. But ever since the bulls have stepped or the bears have stepped down. That is of course the big question. As you know from my Bitcoin' analysis, i have been calling for a possible double bottom since yesterday's drop failed again. But things are still not in the clear though, hard road of...
Still on the way down and still no real high volume at the moment, suggesting a long term long is not set yet. Bitcoin' just made a short squeeze of 300 points, but while i am writing this it is already dropping again and showing some weakness. On the right we can see another possible bear flag in the making. While i am writing this it already got rejected from...
This trade is still going pretty well, i took 25% profit at the low and another 25% got hit on a very tight stop which was also a decent profit. The remaining 50% almost got hit at the purple stop loos but since then we dropped again. Now we are at a support zone again, if this breaks i want to increase my position again to 100%. So i will risk the profit i have...
My Dax bear market short trade is still running since earlier this year and today i will take some profits now. We have (almost) reached the target of that H&S already and i am not going to risk 2200 points to get that last 100 points for the 10.500 target. The 10.500 H&S target is the most conservative i can see, so i have decided to take 50% profit at this point...
I have moved this analysis to a new chart, seems it was registered under the XBT" charts. So the wedge failed (partially) as well, this shows the intention of the market was upwards. We can simply sate now, that the 3300/3200 is a level where buyers are stepping again, they like this level to buy it up. That 3320 (green zone on the right did it's work again. The...
The past 24 hours i have been struggling a bit to see what the bigger game plan is. After making that last update it finally struck me, big chance another double bottom is in the making here. We have similar wicks at the lows. Shows accumulation back than and could be the same now as well. The only thing that makes me doubt, is at the 3500/3600 it was buying power...
On the left we can see a potential H&S in the making, but obviously it is very premature. There are a few reasons though for me to assume it is a realistic option. At the high we can see a gap up that got sold of quite big with to big red daily candles. This is a sign of weakness and shows there is a potential high set. When we zoom in, i will get in with 50% of...
Looks like a very decent and stable bull flag here, so it is worth the risk. I am going to get in with half a size here and increase it to a normal size if we get a break out.
My early followers know how i shorted the DAX on the high in January and went low at the exact low in March. While going long i showed a road map of my strategy for the months to come back then. Scaling in my short entries with a wide stop and just sit and wait to see how things develop. The strategy was getting a short entry for the bear market, meaning holding...
The previous trade was almost perfect, just got unlucky a bit on the Sunday opening of a week ago, where many FX made big gaps during the the opening. Half of the short term position got hit at the stop (around BE) and the rest got sold at the target. The swing trade is still running and as i posted in my last update, i closed 30% of that one as well around the...
Sometimes i just get really scared of myself :) Anyway, so far going almost perfect. The entries are already in since the bounce up was so strong this time. I have added a third entry for this game plan, that is if we see a daily close above that red zone, i will add even more to this position if we see something like a bull flag happening. If this plan works...