stantm23

stantm23

For Head and Shoulders pattern traders the formation of H&S looks complete with currently testing at the neckline. Look for red bar offsetting the last green bar gain for confirmation of entry. If it doesn't happen, move on

stantm23 Updated 

Potential double bottom forming or also known in Wyckoff term as spring position which offers lowest risk and higher profit ratio. If insitution believes there are values - fundamentally they will consider buying/investing. Remember big institution buys value and sentiment!!

stantm23

The larger formation of leading diagonal to form with potential retracement to 0.618 level (0.71446) TP1 and to 0.236 (0.70405) TP2. SL invalidation: 0.73109

stantm23

If NZD breaks and retested as previous trading range, expect the price to also repeat itself to the downside.

stantm23

Waiting for confirmation to the downside as the correction of triangle of CAD/JPY to wave B. Bias to downside Invalidation- price breaks above highest point at A

stantm23

If break H&S pattern sell at retest. Target might be the low of the significant green bar previously that hasnt really tested before. Relative strength crossed and flipping to downside. Volume starting to increase signify incoming volatility. H&S neckline price range is 23% to downside before finding support with Selling Climax and range bound Tighter SL can be...

stantm23

Pound/USD looks like its breaking down after trying to break out of channel but met with heavy supply with high spread. Overall bias is to downside and currently should ready to test further downtrend after the potential 1-2 waves retracement at 0.382. Sharp retracement comes sharp correction and next correction should be a longer consolidation.

stantm23 Updated 

Price trading outside of the acending channel and formed a Head and shoulder recently. The end of AUD bull run is signified by the ending diagonal formed at the top of channel followed by H&S. Waiting for price to consolidate below the channel moving impulse down to confirm with higer probability. Alternately if price consolidate and move back into channel...

stantm23

KSM at selling climax (SC) looking to bounce for to AR potentially at the lower of last resistance. High thrust with high volume signify sellers will be exhausted going forward with a small hidden bull divergence. Swing trade for short term SL: 223, TP1: 319, TP2: 340.

stantm23

www.tradingview.com SRM looks ready to fly after confirming with Elliot waves and Stoch RSI turning to blue. SRM has broken out on the 26th April with high volume and retesting the resistance to become support. Supply volume decreased and getting tighter. SL lower than 6.9 to avoid liquidation. TP @ $15.

stantm23

www.tradingview.com Doge coin looking desparate to run up as showing the Doge flag strength. Lower volume towards the edge of the flag suggest holders will hold to either upside or downside. The blast either way will be determined by too many factors or indicators or views etc. So to simpilfy, at current market bullish sentiment, it will continue upside. So why...

stantm23 Updated 

www.tradingview.com So this is the BTC long plan. BTC just tested 53k range twice in the range of 4 days. I was hoping it to test the 50k range which is the sign of weakness (SOW) in Wyckoff phases. However coming towards the end of the phase D which is after the UTAD, we tend to see consolidation at the current range. This might be a support to bounce or might...

stantm23 Updated 

www.tradingview.com Short term BTC price movement - sideways and might form an inverted H&S. Back to BTC trade after lowest point formed and rebound on first couple of candles. Alt coins might flourish during this period as funds will be poured from BTC to Alts as BTC price movement becomes a bit boring.

stantm23

www.tradingview.com Fib retracement underway. Check if support at 0.382 or 0.5 of the retracement. Plenty of gas for bulls to run after the retracement as seen on volume in green rallies and decreasing volume in the red candles. if price goes below 0.618 indicates end of rally. Look for support first and establish support at the region. Oh FYI on weekly chart a...

stantm23 Updated 

www.tradingview.com STORJ has shown very clear sign of a bullish pennant. This means potential spike up for a short term trade for the breakout. The time frame, volume on main pole (as highlighted in red circle) followed by light volume building the flag has met pretty good structure to trade on. The upwards pole is to the high of ~140%, which expected to be the...

stantm23 Updated 

www.tradingview.com Bullish flag formed towards the end of flag price action has to go somewhere after this squeeze. +30% increase expected to first resistance of 0.21643. Strong volume will confirm breakout. Low volume during consolidation is valid for the buildup. This is my journal, not financial advice.

stantm23

www.tradingview.com A clear head and shoulders formed with smaller right shoulder with high volume. Clearly price has broken the neck tie and confirmed breakout at the support line. Downward pressure expected to be similar magnitute as the height of neckline. First target at 1.324 This is my journal, not financial advice.

stantm23

www.tradingview.com Hate to admit but ETH has not been in everyone's fav pet since its all time high close to $2000. Now with some potential catalyst it might send ETH lower as more ETH equivalent popping up (eg. ADA, DOT) and the launch of UNI v3 in reducing gas fees. Interesting to see how ETH defends its No. 2 market cap place in the crypto market for the next...