We are printing a bullish divergence on the daily time frame. I always post charts zoomed in, so I'd thought it'd be fun the post one on a higher time frame. This divergence could break us out of the May Range we have been in. However, it may not look pretty coming out of it. We have a near term golden pocket as resistance. We also have the range POC as...
The gold boxes are some trading zones, however, I am keeping any eye on this Rising Wedge pattern highlighted in purple. I already have my long in from the Gold box, but my stop loss is at entry because I did not expect such low momentum. My first short target is the Local golden pocket, my secondary short zone is the point of control that I pulled from this...
1hr bullish divergence, but they are not quite as powerful as they were in the bull market. Going to be interested in a short entry if we get to the all time point of control. But you never know! Already in a long scalp, =)
Still haven't put a position in. This has been slow. My targets for the week have not changed. Just wanted to draw some long position boxes to better articulate my previous trading plans.
Confirmations: As we tap the .786 Fib, I would want to see a bullish diversion on the lower time frames. Momentum curving up on the 4hr time frame. If conditions are not met, my 2nd long target would be the high volume node (hvn) which was the previous point of control (ppoc) of the range. Right below is the value area low (Val) of the range as welll. My...
Two levels I am looking to short are the gold boxes. The Long is from the Bullish Diversion the 4hr. (price going down, momentum going up) Had an untouched Daily and Weekly level and the .786 fib in that area. However, it is May, so I am looking to trade with the Trend and short. The first target is the current point of control in the range since December. ...
Scalps if we come down to these target areas This is Approximate not exact Trigger 1: Price comes down to line Trigger 2: Divergence on indicators, "Price going down, momentum going up" Vol, RSI, Vwap etc. Trigger 3: Downward momentum slows at these targets.
Possible scalp on a previous Point of Control It is now a High Volume node. I doubt we will punch through this hard, I expect resistance. Could wick to 3140 I will only short if we get a bearish divergence on the 1hr. I don't expect to make too much on this scale if my conditions are triggered
This Fib pull might not hold anymore since it's already been tapped. We are sitting under a high volume node and above the Golden Pocket. We had a weak reaction on the Golden Pocket and I'm biased towards it falling through.... The high volume node might transition into a new Point of Control in this range, which will make this a juicy resistance once we flip...
Bearish Divergence on the 4hr right under the new Point of Control for BTC Some of the other time frames look bullish, but I believe that if this is Truly the bottom, we will play in this range for a few weeks or a couple months. I prefer to trade BTC in ranges because its somewhat manageable.
Already in a short from yesterdays plan. But just in case, I'm setting up a scalp long if we get a divergence on the 1hr below just in case this is the bottom. It's looking bad though, Always prepared for both outcomes, but this looks like a bull run, just in the opposite direction. Might get stopped out, but I'll be holding my short if I do and keeping my stop...
Weekends are usually slow. If we continue to sit in this range until Monday, I'm looking to scalp two potential trades. First one is a short with a tight stop, which I already entered. Second is a long where there is an area of confluence. These are just tight scalps. Could go anyway, but I don't mind the minimal risk if I'm wrong.
Today was a good scalp From the same FIB retrenchment, In a perfect world.... the .786 will be a nice point to bounce off of with a Divergence on the 1hr. Hopefully we see this, but the daily and weekly time frame look strong. I think a nice rally is right around the corner. The fomo bears have to get slapped eventually haha. This entire area we are playing in...
From my chart last week, I labeled two local Points of Interest to long from for scalps. POI worked out well but the time has come to fall into Point Of Interest #2 I will be looking for divergences on the 1hr & Below for entry. Confluence: 1) Point of control 2) A nice Golden Pocket 3) Fresh Daily Pivot point from previous drop 4) Weekly Supp/Res The last...
Learning how to catch knives properly. My Plan: Using the 21EMA as resistance, When I see an undecided pause or candle, I will enter a trade. My stop loss will be right above the highest candles wick. If it pumps through my stoploss, I will go to the next higher time frame, and repeat this. Such as starting with the 15m, then 24m, then 1hr. I know a lot of...
I'm personally trying to analyze candles better. Using the 21EMA ribbon, I want to recognize when the trend continues after a small bounce. If anyone has any input, I would love to learn. If we get a 45% wick and a 65% candle right below the 21EMA.... does that mark a reversal off a small bounce? Does it typically retest the place it bounced after the...
We now have a new POC in this range! I just wanted to update you guys!
For bitcoin, the only area I am interested in is where my little white box is There is a High Volume Node located there. A nice Golden Fib at around 42800 Plus a recent support. Right now there is a bearish divergence on the 1hr and below in momentum. So this is a very possible outcome. I will be looking to long if I see a bullish Divergence on the 12m & 6m &...