Netflix looks good for a buy in this accumulation pattern ahead of its earnings tonight. Accumulation periods are where price trades sideways as big institutions look to gather up shares whilst aiming not to move price too much before the explosion comes. I think thats what we have been witnessing in Netflix over the past number of weeks. I'm not an expect in...
Here we can see Btc has retraced all the way to its trend line at 30k and bounced of 3 times with wicks. I covered my shorts and now wow what a great dip buying opportunity for hodlers. Potential 3 Bar reversal pattern here on the candles on the hourly, rising wedge reversal pattern break and 1 min moving averages turning bullish at time of print. The thing...
Here we can see a nice divergence forming on the daily RSI and MACDH on the dollar basket, which as we should know has been under severe pressure all last year. I've been short all year but have closed shorts and am now long. These types of divergence on daily charts at support can lead to big moves. My take profit is 9150 at least with a stop at the daily low....
Last time we had a 15 min death cross (50 and 200 moving averages crossed under) in this uptrend we saw a huge sell off. We could see some nice profits here from a short swing. Good to take long profits here and wait for a 15 min golden cross again. Take short profits at green support zones and sell into rallies
Nice opportunity to buy Ethereum here with a big hourly candle reversal pattern right around the major trend line in oversold (hourly) conditions. We can probably expect a move up to test the pennant at 660 and a potential breakout higher. I suspect that a lot of money has flown out of XRP and investors will be looking to more safer cryptos like ETH and BTC which...
Big divergence here on the MACDH on the dow daily in a rising flag, its a good time to attempt a short down to the lower flag line around 29500-29600. Stop at the high of today around 30300. If that goes and sustains we can expect a big move upwards as well
Here we can see US100 saw a big sell off at the end of the trading session today as Pftizer cuts vaccine rollout by half in 2021. All stocks are very overbought at the moment and we could see a big sell of here ahead of the Fed, before the normal Santa rally later in December. Nice Divergence on the 4hr and 1 hr charts and a daily top looks likely to me....
Long gold here at the bottom of the bull flag right on major support Nice divergence on the 15 min candles at 1800 triggered the entry at 1804. Falling wedge in play expect that to be tested. Stop at 1798. Could go all the way up to 2200 even
Seems like the last one of the top 5 to really move is BCH, a good value play here I think at 295 with a run up to the points shown on the chart highly likely with Bitcoin looking overbought and in consolidation. A higher high on the weekly charts looks likely to occur, stop as shown
Here is a nice extreme divergence on the hourly chart on macdh and rsi. Looks good for some short covering and dip buying for a good bounce, stop at 1848. If that goes we could see a lot more selling.
Here we can see Ripple has again reacted well of its 200 DMA and with Bitcoin having soared above its prior weekly high to the approx 16k target (see earlier posts) we can expect a cyclical move into ripple for value investors. Thats what I've done taken my profits from my 9.5k to 15.7k bitcoin move and looking to take a nice ride up in ripple. Great news here...
Big divergence here on the rsi and macdh on the Dow hourly below a rising 200 moving average Great buying opportunity, entered at 29370 Stop at the low of the long wick 29220 Expect a few hundred point move at least
Here we can see bitcoin has now retraced all the way back inside the green support box. Daily moving averages are really bullish and i'm looking to buy bitcoin somewhere here but where? Well if we take a look at the hourly charts at the moment we can see a long legged doji reversal candle bouncing right of support. This triggered my long entry, what I like...
Buy gold here right on the major trend line. 4 hr 200 period moving average green line is very bullish still. We can expect a re test of the high of 2060 at some point of this trend line remains intact
Here we can try a long again on oil with a potential fake break of the long term wedge pattern. This has worked multiple times so lets try again Falling wedge to on the 5 min charts with divergence
Wow what a day, it must of felt like hell for those overleveraged longs caught in a huge sell off. A great day for bargain hunters though. Here we can see a divergence on the zoomed in charts at this support level We may get some slight messing about here at the lows but if it holds realtively speaking then wow we have a potential 700 point gap fill long trade...
Nice opportunity here to re-enter gold longs again. I doubt this head and shoulders break will be sustained while the hourly and 4 hourly moving averages remain so bullish. See below how the moving averages are all above the hourly (green 200ma) Falling wedge as well on the 5 min charts Stop below the last swing low at 1900. As always while the long term...
Big MACDH divergence here on the hourly dow futures chart, in a uptrend... Expecting the bull flag here to be tested, then first red resistance line above. Dow still has not reached its ATH yet (Nasdaq and S+P have). I expect this divergence with strong manufacturing data today will be the catalyst for a possible 1000 point move here. Stop at the hourly divergence low.