porretta.matt

porretta.matt Updated 

Hi guys, Here is a trade setup that I am likely to take. It looks like we found some decent support and are going up to retest the blue resistance line. We have a daily TTM that looks like it will fire LONG any day now also, which will scare the CRAP out of bears. If they start closing shorts, it will easily push us up past that resistance line. If that is the...

porretta.matt

Hi Guys, This stock looks like it might have some more upward movement in it. It's been forming a bull flag, and the price action is getting tighter. 4 hour and 3 hour TTM squeezes are both primed and ready to fire. I would wait until this TTM fires to buy this. If TTM does fire, I can see this easily breaking the top resistance line out of the bull flag to newer...

porretta.matt

Hey Guys, We just closed a nice 16% trade on ASNA, but I just looked at ASNA again and I wish I had seen this cup and handle forming sooner. This could breakout here and be a very nice play. Keep an eye on it, maybe wait until we get a confirmed breakout. Either that or just man up and buy some now with a tight stop. Good luck!

porretta.matt Updated 

I don't know much about Wind stream except that it might be like the next Kodak. Obsolete technology and dwindling demand for its services. I am thinking you could take profits on the way down, but hold a small portion for a while in case this company dies.

porretta.matt Updated 

Hi Guys, I am going to start charting some small cap stocks and leaving off crypto charting for a while until things pick up. Check out some of these ideas and I hope they make you $$$. Thanks and leave comments and criticism below!

porretta.matt Updated 

I dont like the looks of this chart. I know nothing about the company, but this stock is sort of in free fall mode. We hit some mild support recently. I would put my stop just below those, and try to ride this up for a 30% gain and then drop it like it's hot. It does look like it could have a 4 hour TTM squeeze firing long soon. Keep an eye out for that.

porretta.matt

Hi guys! Here is some TA on ATTO. This is clearly in a downtrend, we have made new lows recently. There is the trend line that is acting as literal perfect resistance on every touch. It's like a work of art.. I am hoping that we break through it on the next touch. If we don't, we could see low $5.00 range before the next rally up to retest the resistance trend...

porretta.matt

I am a contractor and we do emergency repair work occasionally at Berry Global. I figured it was a good idea to do some TA on their stock! This long term trend line has not been broken since it was formed. People are willing to buy this up and add to positions on this trend line. I believe we will see some nice, steady growth as long as this trend holds. Pay...

porretta.matt

Big wedge forming on daily and weekly guys. Watch for TTM to fire long, if it does.. I would not be surprised to see a breakout of resistance trend line/wedge. Not sure how high it would run.

porretta.matt

BTC has been respecting this green trend line for a while now. If we break under this and close a daily candle below it, I will be entering savage bear mode. I am in a long (leveraged) position from 7190 as we speak, I could have closed around 7290 but I decided to hold to see if we bounce higher. It's up to new buyers at this point. Hopefully some new skin comes...

porretta.matt

Hey everyone! I am just updating my original XBTUSD chart. It is pretty amazing how it is respecting these trend lines. If we don't break through this trend line, I can see us dropping back down to 7450 - 7300 range. I have some long orders in @ 7490 and 7350. I believe that we will experience a "bart" soon going to the downside. I noticed these strange "bart"...

porretta.matt

Updated idea! The trend line that was acting as resistance has been broken and is now acting as support. We will see if it holds, I have a tight stop in this trade. Not willing to risk much, but I am starting to feel pretty bullish. Things in the crypto space were pretty dismal for the last few weeks. I think we are just about over this bear market. I believe we...

porretta.matt

LTC is obviously tied to BTC pretty closely. If BTC tanks, LTC tanks. We have been stuck in this wedge since 'Nam. We need a nice run up to the top of the wedge, or a break downwards for some action. Be careful shorting it, it always rallies when you least expect it. Normally when I am asleep, lol. Volume is declining, but that could change quickly. I do not see...

porretta.matt

Hi guys, I am playing Tron right now. I believe we are in for a decent run, even if BTC decides to dive down. Tron is looking at buying Bit torrent, and the main net is being launched on the 31st. I am all for "Buy the rumor, Sell the news". I will be selling the day before most likely, unless the market shows no signs of slowing down. I'll keep it short and...

porretta.matt Updated 

I believe since we broke down out of this descending wedge, that we will drop further very soon. If you look at this trend line on the 15 minute, we have kissed it almost perfectly several times. I am going to short at the trend line around 7620. I'll see you guys at 7200! Remember, risk management is everything in trading. Keep a tight stop incase things go crazy.

porretta.matt

Hi everyone! I just started trading about 5 months ago. Please feel free to critique my idea! I will try to absorb knowledge like a sponge absorbs water. Thanks everyone!