Tesla has moved into a multi-year channel high, this is an interesting place for some things to happen. If you're long TSLA make sure you're watching this zone closely, it could start a bit of a correction here.
I'm a heavy forex trader but sometimes the forex market just sits and makes us wait and when that happens I jump all over stocks (and vice versa)
Right now I'm watching Southwest and it looks great, $50 is a major support zone and channel low, if that holds I like getting long (vertical put spread or call options) for a move into the high $50's. However if $50...
I'm watching a very short term channel and a simple support level, a break out to the upside should be a great opportunity to buy. Lower levels I'm watching are 1.3300 for support, upper targets are 1.3600 and 1.3800.
Good luck and comment below if you have any questions.
As mentioned in the video we keep seeing these chances to double our money when BTC dips hard and it looks like we're seeing a good pull back currently. Be ready to go heavy at the $4,000-$5,000 range. See the video for more details...
We have a great level to watch here on BTC, right around the $11,500 area it's either headed higher on a break out of the channel or headed lower to retest some of those lower missed levels. Technically it's still in a downtrend on the longer term, we'll see how it plays out.
The market that has been wildly bullish was ripe for at least a small correction and this chart says we got the party started. Don't jump on the bandwagon just yet of "this is it, the big crash is here!" Corrections happen and moreover some of the best trading days are just 1 to 2 days after the worst. This could offer a great opportunity for buying dips, be ready.
ETH has been dropping like a rock along with the rest of the cryptos but it's pretty good news, I think we have some excellent buy zones not too far from where it's sitting.
This is a quick 4 minute video, have a look and let me know if the comments below any questions you have. Good luck and happy crypto trading!
Have a look at the video, the areas I'm watching are:
Early support- $7300-$8300
Final target- $5000
Those should act as good levels to watch/trade reactions. We have a clean pattern here and so far everything has behaved very technically.
Good luck and I hope the video is helpful.
The bitcoin game is pretty solid right now and of course every time there's a correction the bears really come out. Just to be clear I'm not a bitcoin bear, it's unlikely I will short it if there's a move down however these are areas I will be watching to buy if there is a dip.
The last post talked about $10,500 area, that worked out like a champ.
We are just hours ahead of Bitcoin futures coming online, I'll be honest I have no idea what that will mean. I have some assumptions but I think the best thing to do is have a few scenarios to watch. Here are the two things I'll be keeping an eye on going into the futures/Monday open:
1. Nice resistance level at just below $16,000, a break above that could fuel...
It's time to get on the bandwagon folks, bitcoin is volatile but it also respects key levels like crazy. Is buying now a good idea? Maybe but I'd rather watch for some of the bigger lows of $8300 and $6650 for entry points.
Here is a chart with some key reference points, watch for these levels. There will be an update to come immediately when/just after those...
This area is maybe the most important level/zone I've seen in a very long time. Barring more political drama (which could definitely be coming) I'm so interested in buying USDCHF around this area.
9450 is SOOO SOOO important, great area to buy. Anything below 9400 and we should probably be short.
Target- 1.000 is probably the minimum target I'm looking for on...
1.50 is a rock solid level, this is breaking or bouncing and we have great set ups either direction. On the buy side we have a textbook head and shoulders pattern with price projection up at 1.5260, that's 260 pips of profit! We have a major rejection candle on the 4h chart at 1.50 so be ready for some trouble at this level and even a bounce down to the lower...
As we go into the end of the month and ultimately into August, the infamous low volume month, I will be looking for two things on this pair. GBPJPY will likely get choppy but not like the rest, it can move so much more than other "normal" pairs.
Pretty simple set up here:
1. Sell break of 144.90 targeting 144.00
2. Wait for a push higher and look for a break of...
USDCAD is looking pretty oversold, 1.2460 looks like a nice level to start getting long, watching 1.2740/50 area for the first target. USD seems eternally weak so I will protect profits quickly and aggressively.
This is a great set up on the daily chart, the head and shoulders pattern is structurally clean but don't be surprised to see some chop around the neckline. I'm looking to start building positions around the neckline.
There's a pretty solid 500 pips to work with here.
This will be a tricky trade, start small and scale in.