wilsondan22

wilsondan22

Cup and handle forming on hourly

wilsondan22 Updated 

We retraced to 0.382 of the previous bull move, have been making higher highs and higher lows, broke through two bearish trendlines , and just bounced off of a bullish trendline and the 0.5 retracement showing solid support. First target is 340 where I expect some resistance, followed by 450 where I think we will see a pullback to retest the previous high at 420...

wilsondan22 Updated 

We just closed a doji candle on the daily. This indicates some indecision. A break above 11200 will be a bullish entry and 10600 will be a bearish entry. The stop would be the other end of the doji. My guess is that we break bullish. Ethereum is making a similar pattern.

wilsondan22 Updated 

Beautiful Evening Star reversal pattern setting up on the 4 hour chart. I am looking for a pull back to 7800 which is the 0.382 fib retracement area and coincides nicely with the 200 SMA where I will look to go long again. In the meantime, BCH has had a nice pullback and looks ready to go higher. I am already long BCH.

wilsondan22 Updated 

OMG just broke out of morning star reversal on the hourly which should take it out of double pattern. Almost 7.5:1

wilsondan22

Jerremy Newsome is traveling on November 9 and 10, so naturally the market would decline. It should resume the uptrend when he returns. We shall see.

wilsondan22

History doesn't repeat itself, but it rhymes. The move from mid July through September is very similar in size and structure to the move starting in mid September. If we get a pullback at the current levels, we could be setting up for a similar correction as well. This would provide for some good short setups, but I am going to wait to go long just above 4200 if...