digital_rebirth_trading

digital_rebirth_trading Updated 

Currently watching two paths for the DXY on 6 hour chart. A symmetrical triangle within an ascending channel has broken down and has closed at a bearish retest. Expecting continuation to 108.39 - 109.31 range, for initial support. FOMC meeting this upcoming week on Nov 1-2, paired with the monthly open will be a determining factor of where markets are heading for...

digital_rebirth_trading

BNB is currently at the top of it's macro daily range that it has been in since July between 268 and 329. Beginning to keep an eye open for entries for shorts for the next macro leg down for BNB. 349.8 is a key level for me as it is the midrange of the entire BNB move up from the bull cycle. I'd like to see it tested. If we squeeze higher 373.4 is a monthly level...

digital_rebirth_trading Updated 

Sushi is currently holding the 4HR 13 EMA, looking for a next impulse up to begin soon. Sushi is also currently respecting a parabolic curve structure. Expecting strong move to finish this structure. TP1 1.93, TP2 2.10, TP3 2.29

digital_rebirth_trading Updated 

Stops look to have been run, blow off top. Watching for lower high if we can get it, or double top set-up. May just pull back from inefficiency. Nearest demand zone a 2h demand block starting at .10745. Cheers!

digital_rebirth_trading

ETH broke 15 min trendline, attempting bearish retest. Looking for move down here soon. TP1 1592, TP2 1573 Invalid with reclaim of trendline.

digital_rebirth_trading

ES1! has reclaimed a daily fib level and looks to be making another run into the 4000's. Key Fib daily resistance zone between 4149 and 4243. Also, falling broadening wedge upper trendline is currently slicing through this area, so seems a likely target for price action to reach and find first area of resistance. 3 Day MACD also has crossed bullish. $DXY is...

digital_rebirth_trading Updated 

ETH currently is rejecting from overhead resistance and supply. Descending Triangle with false upside breakout, looking for follow through shortly. Aligns with short-term ES1! pullback as well. TP1 1510, TP2 1496

digital_rebirth_trading

All the stops have been pulled for US election season with the US Strategic Petroleum Reserve being drained to keep the price of oil down prior to election day. This is a short-term play for oil price relief and has already been priced in. In terms of price action, oil has deviated below weekly range low and has now reclaimed. Expecting a high probability move...

digital_rebirth_trading

The DXY monthly chart looks exceedingly close to how price action behaved during the internet bubble / dot-com era. Given how current macro economics are staged with the Fed looking to slow QT slightly into 2023, I am looking for a break above the trendline in the coming months to form the beginning of a macro top. The macro topping pattern should form a...