mooshu22

mooshu22

This BTS/BTC pair is showing strong support at the 4000Sat level. It is posting more reversal signal candles on smaller time frames. This is also a 76-78% Fib zone from a previous high. The market is acting like it doesn't want to continue the counter trend.

mooshu22

XRP broke down major support. Volume is pushing price in to a short term counter trend. Target area is the 50-78% fib retracement level.

mooshu22

GBPAUD rebounded of a long term trend line. Look for a retest or possible head and shoulder. Looking for a quick short followed by a long.

mooshu22

Charting my thoughts. Trade at your own risk. ;)

mooshu22 Updated 

Just charting my thoughts for 30M candle trading.

mooshu22

SHORT - Ascending Wedge. Bears are still playing the top of this ascending wedge pattern. Volumes are weak and don't appear to be strong enough to punch through. Watching closely for a break out or to refill a short.

mooshu22

I did not short off the 665 run; I speculated this was a good time to short which turned out to be true. I turned off the market after playing the last run up. I did setup a BUY around $634 to re-position for the next long run. Target areas are looking at $675.

mooshu22 Updated 

TARGET AREA: $660. The bulls took over off a bounce from $615 range; the reaction was strong-near parabolic, either bears were panicked into selling their shorts or the bulls have begun to take more interest in pushing the price back up. This next run up will tell more. There is potential of a flag pattern forming as bears may chop off the run early to a 76.4%...

mooshu22 Updated 

Strong pull back from 650 to 615, followed by a flag. Shaping out to be a possible bear flag. Watching 630 for resistance and a reversal of the last bull run up.

mooshu22

I've been watching for a long of $635. Chinese markets are showing signs of panic, low volume and 100% pull back. Watching key level for break down here. IF there is a break down the watch for continued bearish run.

mooshu22

We are seeing a healthy pull back to the 78.6% retracement level. If this holds up watch for a run to the next target zone. Volume looks bullish after the wash out.

mooshu22

Looking at healthy consolidation, followed by bullish continuation. Two points of confluence are the Fibonacci retracement area and prior support turned resistance. Watching closely for bullish volume. Play what you know not what you hope.

mooshu22

I've been playing this inverse head and should and we just had a wash out to the 635 range again, similar to the left shoulder. I am watching closely for a complete inverse H&S pattern off the right dip. The 30min candle was fairly strong on the bounce but didn't fully engulf so I am watching closely for confirmation.

mooshu22

I closed a short and opened a long at $655 and will be looking for a retest at $770-780. Where is the next play?

mooshu22

The current pattern looks like a head and shoulder play? I'm a newbie to trading, so be gentle! Looking for constructive criticisms or ideas. Thanks!