About meHi. I'm a professional trader with nearly 30 years trading experience. I mainly trade Volatile Stocks, Nasdaq, Dow, Gold, Oil and Crypto, with charts using TA. Follow me 4 trading ideas. Likes help me to keep posting. Thanks, also at breakoutfakeout.com
Professional Retail Trader (Day trading since 1993.). Most trading ideas here become profitable. Leave a like if u want more here and follow trades 4 updates. Just my own ideas, DYOR , not investment advice. www.breakoutfakeout.com. New book coming soon
Hopefully I don't need to explain this one, chart says it all....
But im happy to answer questions if need be
Get yourself some easy long profits
Nice gap fill above if you just want a day trade to, expect the fed to be less hawkish than everyone imagines and consumer confidence figure today bit better really than thought. Up we...
As per my prediction of 6th Dec we now have our fake break buy opportunity of the wedge as shown in the chart. Funny how only 1 person liked that prediction to 40k back then lol, you are all so greedy with your crypto lol. Anyone that understands trading properly should see that the weekly charts were massively overbought and overextended from the 200 and 100...
As shown on chart, Daily moving averages are on a strong buy signal however weekly is still falling from overbought, trading both ways is best.
I'm looking to buy in either zone on confirmation as a fakeout play of the rising wedges. 20k looking increasingly likely medium term, but nice bounce should happen sub 40k first unless equity markets crash hard and...
Here in this education and analysis video I teach more about fakeouts and divergences from my 30 years of trading experience and show how we may just be weeks away from hitting 93,000 on bitcoin!
Nice stop loss now at 57500 for a great potential long entry.
Ok kids time for some help
I know a lot of you probably panicking a lot right now thinking this could be it! I'm so overexposed in my longs! The bears have it aarghhh. Calm the hell down. Btc is well known for its volatility, its for this reason that I kept my stops at 57.7k at the swing low on the daily chart and didn't yet raise them. Quite amazingly we have an...
Just a bit of post reflection here, hopefully you had follow button hit on my previous BTC post where posted this on saturday live as it occurred and also in the crypto chat room. Follow my trades as i post updates regularly on them and the vast majority of them work out as planned/ become profitable which you can back test if you like.
Here we can see that...
As shown in chart.
A bull cross is where the 100 period moving average crosses to 200 period and it is a sign of extreme bullishness.
Once the bull cross comes on the daily chart in litecoin this one will reach quickly for its all time highs. Expect to at least double here, which if you are using a margin acc will mean phenomenal profits, not bad on spot...
Mana price is clinging to the 9ma on the daily charts.
I always plot the 9 period moving average on charts, when price clings to it in parabolic moves it helps me stay with the trend, here mana is doing the same.
Hold this one, I posted about Facebook (meta) last week and we saw great day trading profits on that last week. METAVERSE stocks and crypto are your...
Higher high on charts and bull cross on hourly moving averages. Upwards trendline is now solidly formed
Safe to add to longs here now and look for ATH and more.
Bito ETF has two gap fills above which should happen this week to help drive BTC higher as well
Refer to previous posts for more technical info on this bull flag breakout
Buying Facebook here under the new re-brand meta.
From a purely TA perspective, Meta looks great. The best signal in trading is volume and support. We can see huge buy volume came into facebook last week on the buy side at support. This gives high probability that the share will look to take out its ATH. This is a great leveraged play here which could reap...
As shown in chart.
Very overbought, everyone thinks oils just going to keep going up. I don't think so.
I'm taking the short with lower high on the chart. I'll take some profits at the neckline breakout if it comes in case of a fakeout. Lots of potential though to move down to the green support line for further profits.
Enter as always before breakouts not...
Here we can see ETH has formed a flag inside the parallel channel.
Breakout attempt looks about to happen. Buy ahead of breakout to minimise risk.
If the breakout succeeds target is 5300 top of first channel. Second potential parallel channel is also shown. The flag height extension actually takes us to 6000 which may...
Huge fakeout (of which I specialise in) here on BTC.
Pro traders love fakeouts. Amateurs read trading books and think breakouts is the way to trade. Its not, you should take profits almost immediately on breakouts (ie if your were short took tp at 59K) and reverse to trade into the pattern again.
What a fakeout break on the head and shoulders with a wick down...
As shown in chart,
Price is above control line in middle of channel so safe to go long.
Enter b4 the breakout as always to minimise risk.
Extension target of bull flag is 93k (67-39k = 28k plus 65k breakout point) expect to get there pretty quickly, first resistance 80k, take profits accordingly.
Possible diamond bottom here on bitcoin as it aims to make 60k the new floor of support
Buy ahead of the breakout to minimise risk,
What I like here is the extreme bullish divergence on the MACD histogram as shown on the hourly charts yesterday. These lead to powerful moves 90% of the time.
Stop loss at 59k ish at the swing low. If that breaks the pattern will...