stewdamus

stewdamus

Traders, As explained in the video I just released, this recent crypto price action up all simple appeared to be a bull trap. I was growing more and more bearish as I did my video and indeed, by the time the video was ended, I felt it was time to capture my meager profits in MATIC for another very small win and get out! As it was the drop happened so fast, I was...

19:14

stewdamus

Traders, Be careful with this recent bullishness here. I am still expecting Bitcoin to retest our C&H neckline at HKEX:25 ,200. None of this recent price action has convinced me else wise. Stew

stewdamus

Traders, Arbitrum is hot. And for good reasons. That is why I have added it to my trade list. If we touch that orange area I will be entering and holding till we hit $2.22. Stew

stewdamus

Traders, You guys know I have been dreaming of a touch on our MATIC May 2021 ascending trendline for months now. Today we got that. And though I missed the .98 cents touch for a buy in, I did get in at a dollar. My target will be at least that $1.53 cents level. Stop out is hard. But I wouldn't want to see anything much lower than that .87 cent level I have...

20:07

stewdamus

Traders, Alts are sitting precariously on a level of support right not. Will that support hold or will it fail? Let's look to the charts to find some more clues if we can. Stew

stewdamus

Traders, It's simple. The Altcoin Market is currently preforming a classic re-test of previous resistance (now support) at the inverse H&S neckline: - If it holds, Alts are safe for the moment and will continue upwards short term. - If it breaks, the inverse H&S pattern becomes invalidated and alts have further drawback ahead. Keep a close eye on this chart. Stew

stewdamus

Traders, For the second time in as many weeks Dogecoin is threatening to breakout of it's bullish triangle which price has live inside of for nearly (2) two years. We need to pay close attention to this chart. Let me know in the comments if you think we will break to the upside in the next day or two or not? Stew

stewdamus

Traders, Just wanted to let you know that if you are still in this trade, Audio has reached and exceeded it's final target. Congrats to all those who were ballzy enough to hodl to the target (I wasn't). Stew

20:05

stewdamus

Traders, In this video, I'll be reviewing the weekly price action from Bitcoin, Ethereum, and our altcoins chart. We'll also take a look at the Dollar, US500, and some leading alts. It is important that we remain rational during this bullish crypto rally, not to FOMO in, and to wait for these bulls to prove themselves. Stew

stewdamus

Traders, I said it all in the title. Yes, the dollar has now conclusively formed a very ominous Head and Shoulders pattern. The dollar will die once (not if) it breaks that neckline. But do I think that is going to happen immediately. I think you all know the answer. News has hinted at a Fed rate hike pause this week. Next week another news story will come out. I...

stewdamus

Traders, As projected Solana did break to the upside of our area of confluence which was the intersection of our 50 day, 200 day, and descending TL (black). As you know, I had been waiting for this break before making an entry. The confirmation candle came but the move was too quick for my liking. I am not about chasing. So, here's what I am now waiting for:...

stewdamus Updated 

Traders, As stated numerous times previously, I have virtually zero expectations that Bitcoin dominance will exceed anything past 49%. Today we tagged that threshold exactly and now I expect a drop. In accordance with the dominance fall-off, I am expecting Bitcoin to retest the neckline of it's Cup and Handle pattern at HKEX:25 ,200. Though, I seem fairly...

stewdamus

Traders, Are you beginning to sense that I am unsure of what will happen in the next week or so in the altcoin space? This is true. While I am fairly certain that Bitcoin will pullback at some point in the future to either retest our HKEX:25 ,200 level or, just above that, the 50 day ma - I am less certain as to how altcoin will react to BTC if it does pullback....

stewdamus

Traders, Admittedly, I may still be a bit skittish in this bear market. Maybe I am being too cautious? But with tomorrow's Shanghai upgrade on Ethereum happening tomorrow in which millions of Eth will be unlocked AND with this latest candle forming what could end up being a bearish shooting star, I am happy to take my profits here and wait it out. Closing this...

stewdamus

Traders, As expected, Solana has now broken above the neckline of our inverse H&S, the 50 day, and the 200. This is a great sign for sure but still, caution is warranted until two things happen: the expected pullback on BTC / BTC.D occurs, we understand how altcoins will respond to Bitcoin's pullback. In Solana's case, I can see it now coming back to retest...

stewdamus

Traders, We have a break on out Altcoin Chart but before we get too excited, let's wait and see where today's candle closes. We are hoping for a close today above HKEX:608 billion. Once confirmed, it becomes safer to step on the gas pedal in the altcoin market, though, preferably, we want to see another candle open and close above that neckline tomorrow as...

stewdamus

Traders, Unfortunately, I am too uncertain about how altcoins will respond when Bitcoin pulls back to tolerate this level of risk on the table. So, I have chosen to take profits on two coins coming up into resistance here: ALGO and DOGE. I will re-evaluate a decent re-entry area once I know this resistance is or will be defeated. Stew

15:03

stewdamus

Traders, Both BTC and BTC dominance are into extreme resistance areas. We're going to talk about what this means for both bitcoin and the rest of the altcoin space. Stew