-Published my first chart on Oct 20th 2019. My trading & investing style is using the TD Sequential on charts to tell me WHAT to buy & use fundamentals on WHY I should hold. Aim to become one of the best Technical Analysts in Australia before 2030.
As long as Bitcoin can stay above 9k, I am expecting Ethererum to break out and keep going higher to $300-318.
But this TD 9 sell signal should not be ignored because in the past it has correctly predicted a short term top in the price of $ETH.
Once again, CSL has retraced back to the 50 weekly moving average after a recent high.
In the past, the 50 moving average has become an excellent accumulation zone for investors.
Could we see history repeating itself here?
Once again, Woolworths is at the 200 moving average on the 2 Day chart with a buy signal activated on the MACD indicator (Top of chart).
The last two times this has provided a great buying opportunity for long term investors. Could history repeat itself?
I am not holding $WOW and I will wait for confirmation to add $WOW to my portfolio.
For me, the...
A sell signal activated using the MACD on my favorite 2 Day Chart. Could we see Bitcoin going back to 6800 in the next few days/week?
Currently, I do believe the moving averages will act as strong support and we would not see Bitcoin falling to 6800.
HOWEVER, the sell signal on the MACD should not be ignored because other indicator such as RSI and DMI are...
TPG broke out of the triangle and a confirmed double bottom.
The price is above all moving averages and now acting as support.
MACD, RSI and DMI are looking good as well.
I went long this morning with a stop loss just below the 200-day moving average (red line)
TPG Telecom Limited is an Australian telecommunications and IT company that specialises in...
Bitcoin broke out of the regression channel.
Time to hold and wait for Bitcoin to drop to take profit. We could go back to 8000-81000 range.
If you are not in it, don't FOMO buy now. The risk is greater than the reward.
If we do reach 10,500 I am expecting Bitcoin to retrace back to 9k at this stage.
If we can break the 50MA (yellow line) in the next few days, the next level of resistance is the red zone just below 5800.
However, I am no longer bullish if we fail to break 50MA and go below the 20MA (green line) or regression channel.
MA - Moving average.
The chart pattern is showing a rising wedge.
While technical indicators are showing we are below two moving averages 20 and 200 (acting as resistance). MACD, RSI and DMI showing bulls are running out of buying power.
TD Sequential is about to give us a SELL signal with a "red 2", below "red1", below the "green 9".
If the stock market does continue to rise, I...
Kogan up 88% off the lows. Well done to traders and investors that have picked this stock up.
If you have made big gains, it would be a good idea to take some profit today or by end of the week.
Td Sequential is showing a green 9. This give us a top/sell signal.
Short term run for Bitcoin is likely to be over. Similar to the equity market.
The price failed to break the 50 moving average and it is likely to retract to the red line.
Therefore, I am not expecting a new low at this stage.
below $4000 is likely to be the bottom ahead of the Bitcoin halving.
We have gone up 20%+ since 23 March, this is likely to be an oversold bounce or "dead cat bounce" in technical terms.
Since 90% of Shops are still close, Corona Virus is still in the headlines around the world and death rates are not showing signs of slowing down.
Therefore, it is very unlike that the bottom is in and we are exiting this bear market in the...
Strong probability of Slack to continue moving higher:
1. Technical indicators are bullish and rising,
2. Price is above the two moving averages and acts as support levels.
3. Corona Virus, people working from home and using Slack.
Hello investors and traders,
Warren Buffett famously said,
"Be fearful when others are greedy and greedy when others are fearful." I have seen this quote everywhere on social media last few days/week.
Retailer investors are being so GREEDY right now and buying stocks because it is cheap...This tells me we are nowhere near the bottom.
Learning from bitcoin,...
I want to show you an important trading indicator today and it is the 200 moving average low on the monthly. (currently at 4885)
This indicator acted as major support during the GFC (Nov 2008, Mar 2009) and we tested this level last Friday and bounced strongly.....
I will wait and watch the monthly close to see if this is an excellent buying...
Good Evening, investors and traders, the Asx200 $XJO went lower again due to market uncertainty with the coronavirus.
Last week, I said if we breach the 50 moving average, the first level of support is around 6300-6400.
The market went straight down to 6259.9 on Monday and traded sideways between 6259-6500 for a few days and eventually making a new low of 6216 at...