krugman25

krugman25

USDJPY has broken a multiyear trendline resistance and has broken out of a massive pennant pattern. This could signal the beginning of a major bullish run. Price looks to have pulled back and retested this trendline. Trend needs to hold as support with price breaking out into new local highs to solidify this breakout. If that happens this pair could run as...

krugman25

Gold has repeatedly formed and broken out of bullish patterns for most of last year and all of this year. The most recent pattern being a bullish pennant that broke out with further aggressive buying. This market is primed to attack all time highs and could very well cut through on it's way to $2000+. As for now, the next major overhead resistance is just below 1,800.

krugman25

ETHUSD has thrown an Inside Bar / Hammer pattern. This specific pattern is bullish and would signal a continuation of the prevailing trend. The biggest risk I can find with this trade is that there is significant resistance overhead. Given the significance of this resistance level, if price is able to break through it, it could do so very aggressively. As...

krugman25 Updated 

As I posted about yesterday, an Inside Bar / Pin Bar Fakeout pattern was forming by mid day. By the time the daily candle closed this pattern had indeed formed. In addition to being a powerful pattern it had also #1 formed with the prevailing trend and #2 formed directly on top of trendline support. All of these things formed a confluence of factors that...

krugman25

There is an inside bar / pin bar fakeout pattern forming on the daily charts in ETHBTC. Keep in mind that the daily candle is not yet closed so this pattern could possibly fall apart by then, but it is something work watching for now. Inside bar / pin bar fakeouts can be very bullish continuations patterns when formed within a prevailing bull trend, as is the...

09:53

krugman25

In this video I cover some of the techniques I use for trade management. I rarely post about how I specifically manage trades. Enjoy! *Side notes* -2% of 10,000 is $200. I said $2,000 but then corrected myself :) -I stated I have probably haven't lost more than 5 consecutive trades. Honestly, I probably have but it has been a while. Due to my defensive...

09:53

krugman25

In this video I cover the last few weeks of intraday price action on the 2 hour charts. I also talk a little bit about OCO orders and throw out some nuggets of trading wisdom.

krugman25

Silver's weekly candle charts have now thrown 3 bullish candlestick patterns in a row with a triple pin bar setup, and the final pin bar also acting as a bullish engulfing bar. This setup is offering an attractive risk:reward for a bullish upside breakout.

krugman25

Pretty text-book at this point. A bull trend with a small pullback to support. A large bullish pinbar forms. Then price pops up to new highs. This is likely the pinbar that gets ETH up into the 180's.

krugman25

Here is yet another feather in the bulls cap. This time it is an inside bar / pin bar pattern on the weekly charts. The weekly signal tend to be strong and this specific pattern combo can have an exceptionally strong breakout potential. Add those two things together and we may be at 200-220 sooner rather than later.

krugman25

If you saw my previous analysis you know I pointed out a bullish pin bar that was forming on ETHUSD daily candlestick charts. Even though the pattern weakened a little bit into the close, the candlestick still had decent form and a bullish bias to it. Price has since broken up and out of that pattern. Pinbars can be very powerful patterns, and this instance was...

krugman25 Updated 

While there are still a few hours from today's daily candle to close, if it closes up here in this price range (163-165), it will be quite bullish. Nulls pinbars that form off of support with long lower wicks, narrows real bodies, and small upper wicks can produce very strong moves. I would personally deem a daily close above 165 as a strong bullish signal, as a...

krugman25

Yesterday saw ETH repeatedly probing and being rejected from price resistance area of 172-173. Price momentary broke the local bullish trend line, but shortly after breaking this level it threw a large, bullish pin bar on the hourly candlestick charts. In additional to that, it had also formed right on top of local support. Yet another sign that bullish price...

07:24

krugman25

In this video I unpack the bull flag pattern that is forming while trying not to lose my voice :)

krugman25

After yesterday's large run up it looks like price is consolidating above critical support. There is confluence of support between the bottom of the flag and major horizontal support at $155.

08:15

krugman25

In this video I recap all of the major price action patterns that have appeared over the past month and then lay out what I think is the highest probability path going forward.

07:50

krugman25

In this video I touch on a number of candlestick patterns that have formed on the Weekly, Daily and Hourly candlestick charts. I also point out the *big one*, which is an "inside-bar pin bar fakeout" pattern.

krugman25 Updated 

ETHUSD continues to throw small bullish signals as price meanders around the 120-140 area. Just reading the price action tea leaves we can see that price was able to break above the strongly bearish trend line a few days ago. There have been numerous attempts at breaking back below this trend line but each time it has been rejected. At least on two of those...