BTC actually looks like it is getting weaker so we may see a correction. MACD Divergence RSI Divergence I don't think this is enough by any stretch to go short BTC, however I've invested aggressively in Crypto during this bull run, but I am not currently at full position size for crypto yet, so rather than adding more, I'm happy to stick with what I have...
BMY looks like it could take a tumble. Im not sure if I will take the trade myself. But we have the following confluences; Rising Wedge Pattern Momentum divergence (Momentum = Lower Highs but Price = Higher Highs) RSI divergence (RSI = Lower Highs but Price = Higher Highs) Volume looks to be on the decline (giving confirmation to the wedge)
Ironridge Resources is a stock ive watched for a long time and I now have a long position in the stock. We have the following confluences; Price breakout from descending parallel channel Breakout confirmed by Channel kiss (rejected move back into the channel - see 20th - 30th July) Volume has dipped slightly by clearly shows rising 20MA volume - again...
ROKU is looking nice. Cup and Handle formation (not yet confirmed) Momentum / RSI Divergence 1st potential entry on 8th July Candle - (618 retrace) Wait for a breakout of the descending channel with volume to go long
ETHUSD Sustained closes above BB Basis Line suggests upward trend momentum Break of descending trend line that has been sustained Break above 200EMA Both EMA break and trendline break look as though they have had a retest (01:00 candle) From this I have added to my ETH position Price is currently hovering just above 200EMA having tested it - if price holds,...
As per the chart, breakout from trading channel of cup and handle. Breakout needs to be sustained for a buy.
Not involved yet - break above channel needs to hold / consolidate - however if it does, it could be a great move up.
Only a small position to start with. Lets monitor and scale in.
I dont often try to predict wider market moves However, I have been keeping my eye on the FTSE as it seems ripe for a reasonably significant drop. Volume / Momentum are slowing suggesting the current rally may be running out of steam? We should see a drop to 6800, and then potentially a further fall to 6600 Personally I dont tend to actually short much at...
I got in SHIBA after finding a few hundred quid in an old investment account I had forgotten about - its money I never had in my mind. up around 125% at the moment after 48hours - normally I would take the money out and move on, but im just going to let it run and see what happens give the crazy crypto market at the moment. However, it looks as though price...
EOS has been my biggest winner this week by far! - And im not doing much more than using common sense on the trades! EOS rocketed to £9.20 on 6th May, during this rise I sold 33% of my holding for £8.22 incase of a pullback - ok it was a little early given how high the price got, BUT I think a big part of trading crypto is understanding that you will struggle to...
As per chart Price is consolidating above the previous ATH, Momentum is building and volume is hovering around the 20MA - suggesting price could push higher
As per Chart Scaling into this as it is a counter trend trade Earning were a beat however analysts cut targets and future guidance suggests they may miss full year revenue (198 -204m vs 202m from the street) One potential issue is that the beat came in part from price hikes suggesting that sales volume may be fading?
Wait to see how the market opens / closes monday - but this could be a nice play