BTC has had a three weekly green candles in a rows, and has broken all the diagonal resistance structures in play. Seems like the bulls are back in town for the time being. Diagonal resistances are not the only resistance structures in play, and we've create strong horizontal structures on the way down. Looking at the daily we are yet to create a higher high, from...
MU shows a strong pattern of higher highs and higher lows and a good risk reward ratio. EMA cross is up and and MACD and ADX & DI confirm further upward movement. Thus we can participate in this swing Upside targets are T1 57.29 T2 63.40 T3 67.98 T4 73.44 SL 47 (below previous low Risk to reward ratio is 2.73
Waves has finally turned bullish for the first time since Jan 27th which ended up being a bull trap. As for now we have EMAs have crossed on the daily, and additionally we have a falling wedge pattern. MACD and ADX/DI confirm further upward movement. Daily candle is a Evening star and got rejected by the .236 fib. So i am a bit hesitant, but will see how this...
Quick update, Lets Recap our plan of action from last analysis. "I am looking for a down trend and a reversal candle on the 4hr. From there we will see more upside, and that is a movement we will participate in. The real strength of this move will reveal itself as true only if we create another higher high." Now it seems bulls are losing a bit of control and the...
BWXT shows a strong pattern of higher highs and higher lows. EMA cross is up and and MACD and ADX & DI confirm further upward movement. Thus we can participate in this swing Upside targets are T1 67.66 T2 70 T3 72.93 SL 61.45 (below previous low Risk to reward ratio is 1.93
The asymmetrical triangle broke to the upside against odds resulting in an epic short squeeze. The sharp upturn took a matter of an hour liquidating 40% of the short positions. This an whale game being played, and one of the reasons i've stated several times why you should not short nor margin trade. Never the less, my overall outlook on BTC has not changed much,...
Quick Update to my previous analysis posted 3 days ago. One of the possibilities i mentioned in the previous article has occurred. In the article i stated "Alternative we can create a lower high and again a higher low, placing us within an asymmetrical triangle(continuation pattern). ". An Asymmetrical triangle is a continuation and consolidation pattern....
I have been patiently waiting for an over reaction to the downside for a while now. It has not materialized and a temporary higher low has formed. The length of time between this low and the previous makes me question the validity of it. What i am seeking for is the tops and bottoms of the broader moves. The higher low and subsequent upswing has occurred with...
How i see ETH performing vs BTC. Not an actual trade i am taking, as im long on ETH vs dollar. Triple confirmation to short.
Hi all, Quick update to one of my previous charts. Lower high has been confirmed as suspect uptrend collapses like i thought it was going to. It doesnt take a genius to determine what comes next. We are on the path to 6k while the longer term bearish indicators manifest(death cross, closes below 300D SMA). Inorder to jump start a bull run i think we need...
Previously i posted the rules for executing a high risk counter trend and catching the bottom im a dump(linked in related ideas). The rules were not met and thus no trade was executed. We are still sitting in FIAT and this is just my analysis of where the market is headed. Our trend of Lower highs and lower lows remains unbroken(linked in related ideas). We closed...
Execution of a counter trend trade and reversal requires patience. You do not want to be the first buying in the panic. The below guide can bring great profits during the next day or two. This is a high risk trade which can be very lucrative for those ready to capitalize on a short term scalp. This method is how i have increased my portfolio substantially during...
BTC continues its path of lower highs and lower lows on its way to retest 6k. ETH and others have nullified their long term trendline support that began in 2017. It is critical for BTC to close above the 300 day moving average at 7250. Failure to do so signals that perhaps this bear market is not near its end and is going to extend. Death cross is imminent and...
Title says it all. Palladium bottom of the channel that it has been in since may 2016. This trade offer attractive Risk to reward of ratio 5.88. Stop loss can be placed tight. Recommend you use capital management, as this is a high risk trade.
Previously we placed a small long, when the market tried to get a last push before the infamous death cross. We ended up getting a sell signal and closing our trade in a small loss 4%. This is okay as not every trade can be a winner. Sometimes there are trades you have to take as an trader that are not the most comfortable or miss out on the big moves. The key is...
BCH has been keeping pace with BTC, and has outperformed my previous expectations vs BTC, which i have linked below. We are now extremely tight on the bolinger bands. Matter of fact this is the tightest squeeze this pair has ever seen. This tightening builds extreme tension like a coil being wound up, and an explosive movement is sure to follow. Which ever way...
Ethereum has been the weakest coin out of all the coins i monitor for crypto for the last month and perhaps two. It has returned to historical trend and support line, and to put it in perspective, btc would have to reach around 4,500 to get to the same level on its chart. I took this opportunity to add to my long term stack and suggest the same if you believe in...