realcapmillen

realcapmillen

Firstly: This is not a prediction. I just say what I see. And what I see is, a tentative market top that looks different than all the previous "tops" this year, including the 2020 crash. I will put "top" in quotes because of course, I cannot be sure that is indeed a top until after the fact; obviously. What's different about this "top"? My labelled chart...

realcapmillen

I'm going to show you how I ended up with a "risk-free" in $JMIA, what I call the "African Amazon". When I say "risk-free", I mean, whatever I invested, I withdrew, and now, I am playing with "house money". Say I put in $100, and my investment value goes up to $200. I sell half, getting my initial capital back, and now, price can do whatever it wants, and I'm...

realcapmillen

I sold half of my position on a double of $SI yesterday. I'm now in a risk-free position for life. I bet only a small size, but I think small is the way to go for longevity in this game. I took this trade for two reasons: Fundamentals & Technicals. I'll break down both. The Six Most Important Fundamentals Firstly, the six most important fundamentals looked...

realcapmillen

Here is an idea that I am going to pursue this coming week - feel free to join me. Let me give you the profile of the company. Name : ImmuCell Corporation Sector , Industry, Country: Healthcare | Biotechnology | USA Plain English Overview : They create health products, in the form of pills & vaccines, to make for healthier cattle. The goal is to reduce...

realcapmillen

This is a daily chart for BTCUSD on Bitstamp. The most obvious thing I want to highlight is the battle at the 0.382 Fib level. It is very very common for an asset to have a few checks and tests off of 0.382. And BTC is no exception. For the past few months, we've witnessed a battle between Bulls V Bears at 0.382. Now, bull and bear volume has been declining....

realcapmillen

This is a 1-hour chart of BTCUSD on Bitstamp. From the high this past July to the current price, it is clear that price is pivoting back and forth between key levels. Those key levels are: - 0.382 - 0.5 (not a Fib level but still a useful level of support/resistance) - 0.618 - 0.786 - 0.886 From the Fib off of the high around $13.9K to the low around $9K,...

realcapmillen

This is a daily chart of GNOUSD on Kraken. Looks like volume is coiling between an uptrend (green) line and a downtrend (red) line. Don't be surprised if you see a BIG move at the end of this coiling. Looking at price, based off of the Fib drawn from the high around $26 and the low around $13, we see some clear resistance at 0.382, a common area of...

realcapmillen

This is a daily chart of ETCUSD on Kraken. Looking at some of the recent price action, it seems like we're in a trend line battle. If we draw an uptrend line (green) from the low around $3.5, we see that this is being highly contested with, right now. Similarly, if we draw a downtrend line (red) from the high around $10, we see that price has not used it much as...

realcapmillen

This is a daily chart, of ETHUSD on Kraken. We see a relatively bullish uptrend as of late, but I expect resistance to be hit around the $240 level. Why? A few reasons. Firstly, we can see a cluster of historical resistance and support around those levels. Makes sense for price to be tested there again. Secondly, the $240 level is right around the 0.382 ...

realcapmillen

Remember, a particular market ranges around 75% of the time. The other 25% of the time, it is either in an uptrend or downtrend. When a specific market shows signs that it's ranging, you can expect it to be there for a while, but be read y for a trend in either direction. Here, we see good signs that BTC is in a range right now, and this range is inside of a ...

realcapmillen

This is a 4 -hour chart. I see a pretty clear Head and Shoulders as outlined. If we follow the projection of the Head and Shoulders, it takes us right to the level of the tail produced by the May 16th candle earlier this year. Remember, wicks and tails like to be eaten . Also, I drew a Fib from the high ($13.8K) to the low ($9K) and noticed a few things. ...

realcapmillen

Here's my idea to go long-on RIOT. This is a daily chart. First, I always need 4 independent reasons to take a trade. They are as follows ... 1. Location - Is the price in the correct location? In general, I price must be in the bottom of a range for a long, and at the top of a range for a short. Fib levels are good for this. 2. Market Structure - Is...

realcapmillen

We often take a double bottom to be a sign of a bullish market structure. A double bottom with a breakout ends up looking like a 'W'. However, it's NOT double bottom when the second low is LOWER than the first low. The second leg must be EQUAL or SLIGHTLY GREATER than the first low, for it to be considered a valid 'W'. Why? Well, the second leg of the...

realcapmillen

Here's my idea to go short on gold (GC1!). This is a daily chart. First, I always need 4 independent reasons to take a trade. They are as follows ... 1. Location - Is the price in the correct location? In general, I price must be in the bottom of a range for a long, and at the top of a range for a short. 2. Market Structure - Is there a double top with...

realcapmillen

Here's a chart that nicely illustrates how the 0.618 and 0.786 levels are frequently used as reversal points by the market. Price is ping-ponging back and forth between these key levels, and we can also see an almost full Volume Profile (parabolic in shape). The shape of this VP tells us that all the prices within this given range have been discovered, with the...

realcapmillen

I am going through a book on Harmonics and Fibonacci ratios (The Harmonic Trader by Scott Carney), and I'm seeing for myself how these ratios can be used as key areas of reversal. I used to believe that day-to-day price action was random, but after looking at several charts for myself, I now reject my old belief and concede that price action is greatly tied to...

realcapmillen

Here's my idea to go short on gold (GC1!). This is a daily chart. First, I always need 4 independent reasons to take a trade. They are as follows ... 1. Location - Is the price in the correct location? In general, I price must be in the bottom of a range for a long, and at the top of a range for a short. 2. Market Structure - Is there a double top with...

realcapmillen

Here's my idea to go long on ZM1!. This is a 4-hour chart. First, I always need 4 independent reasons to take a trade. They are as follows ... 1. Location - Is the price in the correct location? In general, I price must be in the bottom of a range for a long, and at the top of a range for a short. 2. Market Structure - Is there a double bottom with...