After a market move like this, it is important to ask yourself, did I raise enough cash? Has the short term trend (3 weeks or less) changed? So now we will look at the charts on a multi timeframe duration to decide where we need to be positioned. The chart we will be looking at is UUP/BTCUSD. UUP is an ETF that tracks the price of the USD. Sometimes it helps me to...
One of the most important intermarket relationships in crypto is BTC vs the VIX index. This is one of the tools I utilize weekly to try and position myself correctly in the market. So what does this chart tell us? Let's lay it out in 3 easy steps! 1. Well it has been our guide for upside targets as we went long until the gap filled. Once the gap filled, we took...
This is crazy! I have never seen a gap like this on the 3 day chart for USDT. There were some big players moving into USDT before this crash! We like to watch the USDT.D for hints on larger macro moves in BTC. Whenever we see a move of this magnitude, we always take notice. As you know, we were short for this trade. We have taken down most of our short exposure...
Whenever I am unsure about a market, I like to flip it upside down to see if my biases can be turned around. So here is a chart the chart of BTC flipped upside down! Instead of just flipping it upside down, I charted it as a ratio with the DXY as the top and BTCUSD as the bottom. Something else interesting popped up as well. Lets hop in: This makes me more sure...
Here we have a classic process situation where we have to manage some risk and look to protect our capital. We have watched BTC put in a bearish divergence. Let’s have a look!
There are a lot of coins that are still looking for use cases out there. I remember when there were coins that said that they can do anything and everything. They would even tie your shoe for you! According to the shills that is. Right now in crypto, there is a group that just doesn’t stop. That is the newly founded Defi movement. These coins have found an area...
Triple divergence on the 4H RSI isn't the strongest,but i am still gonna take some risk off.
Hey gang - thanks for the likes and subscribes! Well it has officially happened! The RSI has put in its second RSI bearish divergence on the chart. For some, this may mean nothing. For me, this means I take down some more risk! It’s all good to lock in gains. So today, I will be taking down another 1/3 of my position in SPY. Let’s have a look at the chart! So...
Thanks for the likes and subscribes! A little known fact about crypto. If BTC starts ranging, we load up on altcoins! So what is ranging? Well there are uptrends, downtrends, and then sideways action. Ranging is the sideways action that you see on charts. The sideways action on BTC lets the rest of the market catch up to it! So what are we seeing in the...
Thanks for the support guys. Like and subscribe! Also let me know if there are any specific coins you want me to cover for TA. VET just put in a bullish divergence on the RSI. If we break the level of 20 cents its go time right up to 30 cents! Happy Trading!
There is an old saying in technical analysis… If you can get the dollar right, everything else follows. So what are we seeing? We are seeing the dollar trending downwards. Dollar trending down has been one of the “machines” favorite things to chase as of late. There is a very high correlation to down dollar, up stocks. There is also a strong correlation to down...
We have watched the TOTAL to see what to expect next. What we are seeing still is higher highs on the RSI. We also have turned the 70 level on the RSI into support. Indicating another leg higher. I hope you enjoy it!
Lets go! time to take the risk off for me. I was watching the RSI to hit some mega resistance at around 87. It hit today and its also hitting some major price resistance at 365 - 370. Even if it breaks through this barrier, there is a good chance of retracement to the 365 - 375 level on the price. Let's let this cool off for a while. Happy Trading!
We got some room here.... let's fill that gap! Let me know what you think of the analysis in the comments.
What do you like better? Written or video analysis? Let me know in the comments!
Let’s see what happens here, because there are some extremely cool intermarket resistance levels to watch. First we have BTC/TOTAL. Price and ratios are the most important when doing any intermarket analysis. So what are we seeing? Well if we go all the way back to the top of the bull run in December 2017, we also put in a high for the ratio. Now let’s visit the...
Lots to look at every day in the markets. Here is a video of what I have been watching the most carefully as of late!
Same deal mate! We are seeing the FSTOK40 turn resistance into support and rip to some new macro highs! This should be good to watch. So now that we have made the decision to go long, when do we decide to exit? Well we have a strategy for that and it involves the RSI. If we start to see bearish divergences, we take some profits. Keep your head on a swivel!