Keep your eye on ETH futures over the next 24 hrs. They will be a good guide as to where the crypto market is headed. Press the follow tag below and ill keep you updated as an when with my thoughts ;) Nice buy power tonight in the main ETHUSD chart ahead of futures opening so I'm back long. Price bounced strongly of support and is currently trading above the...
Cup and handle continuation pattern in Bitcoin. Looks like this will break ATH and go to 44k at least on the extension move. Also currently breaking from the larger flag on the daily timeframe. Both ETH and BTC are looking to have a very bullish weekend. Go long.
Don't panic! Stay calm! It's easy to trade a parabolic move if you know how. Let me try and help you buy or hold here until Eth goes no higher in this move. First take a moment to look at all the channels Ethereum is currently in. Sorry i hope this post isn't too complicated for you guys! Don't be overwhelmed! Normally I post simpler stuff or teach this to...
Nice MACDH divergence on the hourly here on the dow. Short this until the wedge break and then look at longs to rip through All Time High. Stop at top of divergence 31255
Here we can see a nice cup and handle on TWT, which is a solid continuation pattern if the low of .41 holds, we can probably double our money from here over the medium term, maybe more gains longer term. trustwallet.com www.binance.com
Here we can see a nice hourly divergence on US Oil 1 hr charts. Higher prices, bearish indictors so price should move a little lower. Trading inside a rising wedge as well, a reversal pattern, major support at the green line. Look for the wedge to break to take profits after the break. We can also see price is in optimum short zone as well above the falling...
I thought this may help. Parallel Ethereum up channel shown, while price remains above the "control line" dotted blue centre line, bulls are in charge, as per classical technical analysis. If price moves below control line, bears have more control. Bulls firmly in control here. Trade positioning is dip buying and holding. Green lines and zones are support. Stop...
US tech looks really overbought here with 100 period hourly trading well below the 200. Looks like time to bank long profits and look at shorts. We should look and see how strong DXY is doing and if the dollar keeps firming equites will likely sell off again. I suspect that nasdaq rising is just speculators buying ahead of amazon results and bargain hunters...
Dow looks great for a short here right of the descending trend line. Very over extended from hourly moving averages which are bearish, stop at ATH if your being conservative or 30850 ish for day trading Take profits 30600, maybe lower head and shoulders confirms the top
It struck me today while I was looking at Ethereum how similar the recent price action in Ethereum was to when Bitcoin broke above $20,000. We all know what happened then, Bitcoin went parabolic to $40,000 and I expect ETH now to do the same and hit $3000 very quickly. Let's take a closer look. This is the price action on Bitcoin when it hit $20,000. We saw...
Multi year. Cup and handle on silver here to 50 dollars. Thats a continuation pattern Time your entry well. Ride to +50 dollars Updates to follow
Ok so with trading timing is everything. Lets face it that Micheal Burry from the film "the big short" got really lucky with his housing market short in 2007-8. It's one thing knowing a market will sell off, it's another thing timing it. Fair enough he had to get all those swabs sorted as there wasn't even an instrument to short sub prime back then. Micheal was so...
Here we can see that DXY has been moving nicely of support with a bullish divergence on the daily charts recently on the MACDH and RSI. My followers will know I shouted out that buy trade as soon as it happened (check prior post). Ever since Yellen said "we don't see a weaker dollar" last week equites have been in trouble and DXY has rallied. Price action the week...
Check out the potential inverse head and shoulders here in GOLD. Price is currently trading below a golden cross in the hourly moving averages. Great time to add to longs from my other gold post a few days ago (please take time to look) where I am suggesting we may see a move to $2400. Stop loss at $1800. Inverse head and shoulders patterns tend to signal bottoms...
Buy tech here on a day trade ahead of apple, amazon and Tesla earnings after the bell. Great value for a quick move up and quick TP if you believe earnings will be good
Here we can see dow futures trading massively below an incoming golden cross on hourly charts of the 100 and 200 moving averages. Looks like a great discount to me for some day trading. Falling wedge reversal pattern as well and a nice hourly doji candle reversal
Here we see Gold has been trading around major support levels on the weekly chart from 1760. Price is oversold on the weekly charts at support so a great time to buy in an uptrend. Looking more zoomed in on the daily charts we can see price is oversold on the daily stochastic indicator as well, the MACDH indicator has just turned a buy signal and the 200 period...
Wow what a run up for eth this year. My followers will know how much i've been recommending ETH all year. Should we sell now at the new ATH or keep adding? For me all I see is a solid uptrend. How do we trade uptrends? We buy the dip. We have had our first dip to $1350 which was swiftly bought a couple of hours ago (see below) I think as long as we can close...