DeNomics

DeNomics

I have been building a position on this one for a while now a bit after the covid crash and its been trending well with a bit of volatility bouncing around this trend. We are heading into an EQ level right now after a fairly impulsive move this week so expecting price to pull back a little before continuing up again. Keeping a close eye on the Supply block from...

DeNomics Updated 

Watching ETH at the moment for a bounce on the previous support level, going for an aggressive entry and expecting a bounce to break the down trend in a squeeze. Expecting a descent bounce considering selling pressure residing and momentum on the CCI slowing down. This trade offers a descent Risk to reward of almost 8:1 although if I get my entry Ill be paying...

DeNomics Updated 

Watching this bearish channel at the moment and looking for a new short entry, I missed the last one so going to wait for it to head back up to the top of that channel which also intersects with an EQ zone which could be some good resistance. 3:1 RR and small risk for me with my stop loss above the previous swing high, clearing the previous wicks. I will manage...

DeNomics Updated 

Silver Looking pretty overextended on the break down from the bear flag, looking for a bounce on support and staggering position hoping for a liquidity grab a little lower to secure a much better entry. Only looking for a short term move for now but will consider resistance around 25.70 as a point to manage trade if it gets that high

DeNomics Updated 

Gring line on ADA right now, forming a small bear flag on the 30's. whilst still in a bearish trend on HTF im expecting a small continuation on the break down here. Targeting around 1.093 for the 272 extension

DeNomics Updated 

This is a big call but requires some patients to see how this is going to play out, for now matic is still in a slow bleed and heading towards a level on the higher time frames that created some demand. Expecting selling pressure to slow down soon with a divergence building on the CCI, not expecting a reversal and more so a consolidation forming a new bear...

DeNomics

👨‍🏫 A students ask me to clarify a strategy I use when momentum trading using retracements in something I call the "Springboard Effect" The theory is, the deeper the retracement after the initial impulse move the less chance of an extension or "strength" of the continuation. I like to use the analogy of a Spring Board, (or diving board) and the stiffness of the...

DeNomics

This was more of a request from another member @jreback Just to be clear I'm not trading this market right now. First thing I see is the ascending wedge that formed back at the start of July, this is one of the only types of Break out patterns I trade to the Upside as it generally offers great Risk to Reward and fast price action with very little market structure...

DeNomics Updated 

Just keeping things simple on this trade for now as this is one of my favorite patterns to trade on the short term break outs. After a descent drop we often see a short term recovery, what i look to see here is if the bulls continue to make higher lows. Im not to fussed about the bears holding resistance still on a horizontal in fact I want that to happen to...

DeNomics

Regardless of all the hopium charts floating around and all the different theories and fractals that pit BTC to eleventy billion in a few years, I cant help but address the elephant in the room..... whos buying? We have seen some serious drop in volume recently and its only getting worse as we continue to range closer towards breaking point, that support zone...

DeNomics Updated 

I feel like we have a few more days/weeks of this tight consolidation before another move, 50/50 on the fence here during various times of uncertainty in the markets alot of people claim to rush to gold, how ever often gold markets go with the initial move of equity markets and then can some times recover strong when the dust settles. The current range I think...

DeNomics

The buy backs on the main market indices have been interesting to watch lately, both the S&P500 and the DJI have had some sharp sell offs from our ridiculous highs, only to be met with extremely strong buy backs the following day almost making it easy picking for a top up on your position. I had an interesting discussion with a mate of mine last night throwing...

DeNomics

Quick update from my last chart but this time on smaller time frames to see what happen a little better. We where stuck with in this range for a while and saw a sharp fast break out of the darvas box that was quick bought back with major conviction and a slight increase in daily volume exactly what I was looking for. We got the break out and held support now on...

DeNomics

Trading smaller time frames on XRP at the moment and looking for a Bear flag forming on the smaller time frames, zoomed in on the 2h chart simply to get a better idea of price action with in the flag to determine a potential Elliot wave playing out inside the flag. I'm personally not huge on break outs and much prefer to use an aggressive entry style to get in at...

DeNomics Updated 

Been trading this one for a while but exited position some time ago looking for a new entry, I started building a new line in march and averaged into a small draw down since then, but the last few weeks we have made a solid rally out from the broadening wedge to finally break the zone. We are pitted against some strong resistance right now but it doesnt look to...

DeNomics

This is possibly a controversial subject as there are some super die hard bitcoin maxis out there and I understand everyone has there own opinion, not to mention there is no proof of knowing the best way to do this. But one thing I have noticed over the last few years is people who have only ever traded crypto, have the worst idea on how to evaluate an...

DeNomics

I only ever got a few entries onto this position early on and have taken profit along the way mainly due to freaking me out with the volatility when we started spiking to 200 dollars back at the end of 2020. I chose to play some of the bio tech and pharma plays during early covid as a defensive play but also some high risk as the controversy around the vaccines...

DeNomics Updated 

I was having a discussion with one of my trading buddies today regarding my trade on ATCO, using a strategy I adapted from the great Jesse Livermore using a pyramiding order system along and below a mean using standard deviation and the Andrews Pitchfork method. Shortly after the covid drop I started to build a position on ATCO after quickly identifying the...