fly_trader

fly_trader

Knowing the basics of technical analysis gives you a great advantage over the average investor. Here is some basic TA with examples to help you identify trends, corrections, and potential reversals. If you enjoy content like this please make sure to like and follow. Starting in March I will be creating videos weekly analyzing stocks and crypto along with some...

fly_trader

Here are 3 scenarios I see potentially playing out. The first one (orange line) Would find support around $42,000 before continuing higher. The second one (yellow Line) would see a continued downtrend to find support around $30k before continuing higher. the third one (Pink line) would rally back towards highs around $66k followed by a deeper pullback before...

fly_trader

I have provided a visual description of the potential move to come in Bitcoin. The day by day I know could never be 100% accurate but I believe the overall time frame will be close. Bitcoin has a constant history of longer consolidations after a fall of more than 30% or so. IMO the overall sentiment is very uncertain at least in the short term. Many had expected...

fly_trader Updated 

There's still not enough volume to feel confident it is reversing yet. I have provided two scenarios I believe are likely. The key factor is Volume.. I have seen a reversal on low volume before but it doesn't happen often. If we get a full daily candle with relative volume we can have more conviction on its future direction. For now, I believe it still has some...

fly_trader

SEEL longer term view shows signs of reversal indicated by Head and shoulders pattern

fly_trader

Yesterday and today has shown momentum has come back into the market and will likely continue for a few months. We have been in a no follow through market the last 2 months and now the cycle seems to have finally made the shift. This means the chances of SINT really making a substantial run after Pr is great. along with other beaten up stocks that have had good...

fly_trader

USOIL has completed ABCD Pattern.

fly_trader

WTI Broke out of down trend, I expect it to tag the prior high at 51.97, I will look for short setup in that area. If it does reject there I would like to see it fall back to the %50 Fib, also previous structure to Long.

fly_trader Updated 

If We Get a Pin bar close above the trend line 4H, I expect we will push to new highs if it fails to do so I expect a retest and more down side. I am leaning towards Plan A.

fly_trader

Short Broke through support and retest good to short. 44 First Target 39 Second target 49.85 Stop

fly_trader

Looks like Its trying to complete ABC Pattern watch for short setup near 3.455

fly_trader

I expect Gold will correct possibly retest lows. Unless Gold breaks multi year trend line I remain Bearish.

fly_trader

This Chart shows about a month view on a 4hr candle time frame. When it broke out all that resistance should have become support but you see it fell right back below and then came back up to re-test that resistance zone and got rejected down. It then broke through the Support zone and is now testing what should be resistance. "Support and resistance...