NickelOak

NickelOak Updated 

I enjoy looking for trend reversals. My setup/process: -The main indicators I use are Directional Sentiment Line (DSL) by Steversteves (he's a very active tradingview member... check out his indicators and scripts) and the VIX Oscillator (also by Steversteves). 75 seems to be a great DSL setting for whatever reason. -I check RSI and MFI sometimes, but usually...

NickelOak Updated 

JK. SPY's moves have been difficult to read and predict recently, but the overall trend is clearly down. There are two scenarios that I'm entertaining these days. 1) Breakdown from here: SPY could just break down and head for $350, then eventually $300. A measured move of the down trending channel supports a fall to $300. There's a little support around $350 from...

NickelOak Updated 

But what a textbook pennant. Just lovely, really. Here's hoping it breaks hard to the upside and completes a measured move. It's SHIB/USD, so it's best to wait for price action to confirm its intentions. This one breaks a lot of hearts. Patience. Have fun and trade safe.

NickelOak

1D chart on the right. 1h on the left. Showing 50 and 200 EMAs. Overall down-trending channel (dashed white lines) Price is currently in what I'm drawing as an ascending wedge (a la Bitfink). Crytp Savy has drawn this as a triangle with a bull trap. Either way, price is headed for horizontal and dynamic (EMA) resistance, as well as the nearest down-trend line. If...

NickelOak

It was fun while it lasted, but I think this little bull rip is over. -Double top on the 4 hour. -Bearish divergence all over the oscillators. Have fun and good luck.

NickelOak

-There's a non-textbook-looking head and shoulders possibly forming. -There's hidden bearish divergence showing up, which signals a potential continuation of the current downtrend. -Overall, price is still inside the main ascending channel that has been in place on my chart since the COVID pullback. -I'm bearish, and I've showed a measured move to the downside if...

NickelOak

-The overall trend is down. -A bear flag appears to be forming. -There's hidden bearish divergence on the 1 day chart. -I think price is about to reverse, and this little breakout has been a bull trap. We'll see what happens as this develops, but I'm maintaining my bearish bias, for now. Have fun and be safe!

NickelOak Updated 

The longer term downtrend has been broken, and price went through some sideways accumulation. Now, I'm waiting for price to pull back to at least the 0.5 fib (done) but no further than the 0.236 fib. If price reverses and heads back up, without going below the 0.236 fib, I'll start buying in when price reaches the the 0.5 fib. Target = 1.618 fib level for ~57%...

NickelOak Updated 

Seriously. You tell me. I made this to show a friend how price action works, in general, and I thought maybe someone here could benefit. Have fun and be safe.

NickelOak

I like how price is shaping up (higher high and higher lows). The oscillators I like are all finally headed in the right direction (green MACD histogram and line about to cross above 0 is good to see). RSI is above 50, which is another good sign. It's early days, but TNXP may have found the bottom (?). Oh, and there was a lot of institutional buying in December...

NickelOak

This one is pretty simple. I think that if RSI breaks below its long-term trend line, price will likely head toward $20K. If the long-term RSI trend line holds, price will probably make a triple top, or at least make a meaningful move upward over the coming weeks/months. Have fun and be safe.

NickelOak

-Price hit a demand zone, retested it, and is taking off from there. -The indicators I like look good to me. -Price has pulled back much farter than the broader market (see fib levels) -This seems like a good deal to me. -RUN and SPWR have similar looking charts, too, if you like those better. I think, fundamentally, SPWR is the best out of the 3, though. Have...

NickelOak

-Bullish divergence on the 1D chart. -H&S possibly forming. -Fibs pulled from bottom of Corona Crash to ATH. -Measured move of the H&S shown, should that complete.

NickelOak

-Appears to be setting higher highs and lower lows. -Broke out of its downtrend channel and consolidated in demand zone. -There's a huge gap above that will hopefully get filled. -I'm in if it continues along its current trend. Have fun and be safe.

NickelOak Updated 

Log chart. Time will tell, but this could be the start of a breakout. I've been here before, so I'm cautiously optimistic. The oscillators don't look as promising on a 1M chart, and that's worth keeping in mind, imo. Have fun and be safe.

NickelOak

We all know the bigger timeframes tend to have the most sway. The 1M chart is worth considering here, imo. I think this chart shows just how badly overbought Bitcoin is and how much room there is for price to move to the downside. Have fun and be safe.

NickelOak Updated 

-Hidden bullish divergence indicates potential increase in price. -I could see price running up to around $53K to $55K, followed by a protracted pullback. -I still think $20K Bitcoin is more likely than $100K Bitcoin, at this point. -I'm still bearish on crypto overall.

NickelOak

-Hidden Bearish Divergence signaling a likely continuation of the downtrend. -RSI appears to be resetting for the next move down. Have fun, and be safe.