I do not have a ZN position but if I were long and holding for a longer term trade I would be targeting the red box area.
ZN is below the point of control region for the last few years so I would not think this is a good place to sell, it is likely to swing back up into the POC area and tag some fib levels near the top of the value area in the process.
(See the link below to the 6 point checklist for what I'm looking for in a validated bull market.)
I've been scalping alts long with success and have a long bias on cryptos in general.
I am not yet ready to buy and hodl for the long haul yet because I'm still waiting for a bullish downside rejection wick hammer bar on the weekly chart to clear out stops to the...
Historically the coppock curve has needed to reach 50 on the week chart to print a valid bullish signal.
It has now made it above zero which means this could be either a good shorting position or that a bullish base is being formed.
Plan is to wait and see if it can get above 50 and if it drops below zero again this is a shorting area with a target around $2k to...
BTC has come into the propulsion dots area on the week chart with a strong upward movement.
There doesn't seem to be any specific news related to this run up so it's unclear what might keep it going.
If it proves to have staying power I will switch back to being bullish. However at the moment I am still treating this as an opportunity to get short if the...
In addition to the elliot count short setup posted previously I'm going to be scaling into a short on btc using the 34 ema indicators often used by Raghee Horner.
The basic idea is to short into touches of the 34 ema of the day lows with a stop a bit above at the 34 ema of the day highs.
The darvas box shows that price is forming a poor low which is likely to...
I've begun scaling into a swing trade on BTC. I expect it to go higher so my initial scale pilot position is extremely tiny at 3955.3 on kraken which has lower BTC prices than binance which is what this chart is plotting.
Target is $1k with 2 reward/risk. This gives a large stop that has plenty of room to scale in and find an improved average. Intending to go...
I've updated my volume indicator to emphasize hammer bars. The usual pattern is:
1.) Hammer bar with wick hanging out in the middle of space. On volume indicator these are colored bright red or green.
2.) Highish volume but low range doji which indicates churning where the bulls and bears actively fight but are not able to move price very much. On volume...
Watching on smaller timeframes for a short. Looking for double top type formation and wick area to fade which acts like prior bart areas.
Bullish move could go a lot higher before dumping so really not looking to get an early entry on it.
If it goes sideways after pumping up that would be the clearest signal to start scaling in for a bart, and also include a...
Comparing projection for end of pullback using propulsion dots from
... with elliot ABC correction area. It seems to me like it will pull back farther into the value area than the propulsion dots but it will be interesting to see how it plays out.
If it prints a bullish hammer in the next few days it will probably be...
The elliot count looks like it's in the C of the ABC of the 4 wave and has one more 5th wave to on on the larger cycle.
It's stuck on a long term POC area right now and after this choppy correction it could end up going quite a bit higher to the fib extension.
No real trade yet once it looks like the 4 wave is completed with an obvious long bar to the downside...
Here's a plan to start buying BTC gradually on a dollar cost basis without trying to time the market precisely.
BTC has historically moved in booms and busts with the max drawdown from the prior top being at most 95%.
This is the main reason I'm kind of expecting another leg down to the $1k to $2k region.
BTC has also always printed a long rejection wick to the...
Yesterday it touched the b point then instantly reversed and headed higher.
I was looking for it to consolidate at B like it usually does but the fact it spent such a small amount of time there means there may be more buyers around than expected.
I am still looking for a pump up to the 4100 region then a bart back down but in order to trade that I will be...
It dumped but not quite to the fib region I'm looking for. I expect it to go sideways once more for maybe 3 days to a week so I have no interest in grabbing on to it right now.
The fib levels I'm looking for are on the chart in the Key Area. Target is the red right shoulder zone.
Looking only to buy at the bottom of the range and get the best price possible....
Has dumped to B point. Will be accumulating at the bottom of the range long with target at C point.
Expecting it to make another long sideways movement and then jump like it has before.
Be patient and don't think getting in earlier is necessarily better. Get good entries way at the bottom of the range.
Been watching for the break, it's in a 5th wave inside a 5th wave and is going much lower. I would have shorted it in the red box if there were a way to do so. Looking for this to form a catalyst to send btc lower also.
Refer to attached chart for more analysis