Narrow range breakouts on many crypto assets provide a valid trading setups if price is below,resistance and above 18 moving average
So far I dont see any long lasting up trends so I keep adding the three most bearish markets CME_MINI:NQ1! NYMEX:HO1! and NYMEX:NG1!
looks like the end will end bearish last december had a double top and then sell off but now already a tripple top is in yesterdays inside range provide a low risk entry into a short, now any rally to a 50% level will be another spot to get into the down move
BINANCE:BTCUSDT similar to FTT also had a pretty bad day today so looking for intraday double tops to short the market might be a good plan for the next days
after every inside or outside day i can recommend to trade bitcoin partial exit now at new high but now also a swing long trade can take place with exit below 18 SMA
after prior days insidebar a break to the downside will lead us to 20k and below that to 18900...
only a few commodities are currently on my long trade list www.tradingview.com Today an entry on the 12 min chart was also possible, but like last week the better entry will be near the 18 SMA for a longer term play...
it makes sense to trade long only the latest energy future, as they are in backwardation (future prices are cheaper than current one) so huge gains on the november contract that expires on 31th oct.
so worst thing that can happen you get out at breakeven but if you enter at a 50% level (measured open to high of prior days range) then the chance is very high you can catch a runner I am holding now doge with a trailing stop below prior days low. Looking for more breakout coin moves ...
the NYMEX:HO1! breaks usually one day earlier before VANTAGE:GASOIL follows to the upside in the past it was profitable to get into gasoil instrument even if there was no break above the prior high... as Low Sulphur Gasoline follows Heating Oil
Lets see if we can reach 19950 tomorrow. Otherwise simply wait for another Inside or outside days breakout
in the past those inside bar days next to outside bar days triggered a trend changes. due to the lower risk i like to go long above an insideday bar with the stop below the prior days low. Lets see how long this uptrend will last there is always the chance for a drop down below the 50% level and the trend is still going upwards...
Entry on percentR indicator was profitable in the past…
well today it was maybe because CPI news but as it happened almost every week before lets sell short tuesdays or wednesdays high with target at least 3,5% or a simple exit on the 3rd day.
now taking profits from my short trades that triggered new the low an prior inside range day taking profits now at the 50% level and then at the 0.618 pullback level on silver. CME_MINI:NQ1! with the same inside range short setup, now has new lows, taking some profits here and trailing the rest with a 2 days high trailing stop....
We are at a breaking point: either we accept CBDC because the inflation is too high, but a digital currency that goes up and down 100% is not the solution. My solution to equally spread wealth would be a currency that has less value the more you have :-) if you have already a fully paid house for you and your kids, no need to have a second home. Is this...
It really sad that trading views marktscanner can not alert users if a market simply closed higher than the prior days low. So i have to go trough major symbols and check if new long trades are possible Anyway i will trail my stoploss below prior days low…
most setups these days are short setups: www.tradingview.com indices can shorted with the sell prior high (as we are still below 18 sma on the daily charts) or the percentR overbought indicator So exits are either on monday morning (like on the last 5 weeks) or simply a trailing stop at prior days high