PatternTrader0807

PatternTrader0807

I have the feeling it may go lower, but I reckon the oversold is at a level that suggests it may push up enough to make a decent profit before that. Then re-entry at the lower level for another swing. I suspect 2 weeks (or so) of higher levels despite bad news etc. My biggest fear with these trades is no economic mote, but Government contracts typically indicate...

PatternTrader0807

On a daily TimeFrame looking at Ford (F), it's a pretty clear message that this should be a relatively straightforward Swing. I entered at $10.07 (I wanted lower but didn't have confirmation), and am looking to sell at about $1.25 which is about the $11.32 price area. This isn't trading advice in any shape or form. Just a somewhat basic and clear strategy.

PatternTrader0807

Invesco High Yield Equity Dividend Achievers ETF (PEY) The weekly view of PEY shows the downward channel PEY is in. I already hold a position in PEY, but another nice entry would be the Mid to Low $17 area. Personally, I have money set aside to enter at $17.40 or so. I'd expect more to the downside in the following weeks as the Fed determines when (if) to lower...

PatternTrader0807

Perhaps the date is wrong, but it's just an estimate of January 13, 2023. Once we hit $11-14k it's go time I think.

PatternTrader0807

May see a pitstop at 17k-ish. Otherwise I believe this is where we will see a Reversal. Assuming BTC follows the Rainbow chart, upwards from here into mid-2023 to around the 33k area. A pullback, then the next bull run (Hopefully). Who knows what kind of craziness 2023 will bring so..... :D

PatternTrader0807

Just a theory. I still believe that "crash/dump" will occur, but hey, we can be wrong can't we? :D Just wanted to make this a record in the event my brain was correct and my conscious thinking was wrong. ;)

PatternTrader0807

I used the Speed Resistance Fib and overlayed Fib ranges. Using EMAs, you could have traded this last uptrend all the way up. I reckon you could short using this same method but a regressive Fib. Pretty neat. Where EMA Bounce, Horizontal Fib, or Speed Resist, naturally there is support or Resist from one of the other two. Pretty cool. (someone may do this already...

PatternTrader0807

While the outlook looks promising looking at the STOCH, if you switch over to Daily, the STOCH is pointing almost straight down. So expect some pumps and dumps. It could do "anything," but my guess is we are going down over the next couple of days.

PatternTrader0807

We've been ranging for about a month. If it doesn't fall through that range, it's looking like a good swing. I reckon we go lower, but when?

PatternTrader0807

While I am generally bear with BTC (at least at the moment), it's worth noting the daily chart using Thunder Cloud suite. You'll notice the Red MA line pointing straight down. The interesting thing about this is, if it crosses the other two MAs, this would be the first time since the ATH dump. While I remain neutral atm, if it crosses my target prices to watch...

PatternTrader0807

NOT TRADING ADVICE: So I decided to mess around with a few indicators to see how easy it would be to scalp small price movements Using Thunder cloud Suite and Over Bought/Sold indicators. This works on pretty much any Time Frame, but is generally intended for shorter time frames like 1, 5, 15 minute. Obviously the more volume (money) you have the more beneficial....

PatternTrader0807

I know people don't like downtrends, but I see this as a great opportunity to gain money back if you didn't HODL and sold with the last #ANKR spike. When BTC inevitably dips (in my opinion to about 9k) #ANKR will see a similar dip percentage wise. That would take us to about .05 or between a 70% and 80% drop from ATH. Rather than be upset about it or throw a fit,...

PatternTrader0807

This monthly view set on Daily shows a whole different view of ANKR. Judging by the Over Bought/Sold Indicator, and matching with RSI and MACD indicators (do that on your own), I'd be willing to bet a .20+ move is coming withing the next few days or week max. Even though Binance and Coinbase claim it doesn't follow BTC closely, it has been following it with 90% or...

PatternTrader0807

From the looks of this Monthly chart (Zoomed in), you can see an MA rejection 3 times. My best guess is a .9800 target buy Area. (NOT Trading Advice). The Yearly obviously looks ok, but after a 2200% increase I'd say a 55% retrace is healthy for another push up. Set your Alerts, watch your Charts, and Happy Trading.

PatternTrader0807

With all the nonsense of Doge, and the insane climb of ETH, could ANKR and other cryptos be priming for a move up? My gut feeling is that Industry (and whales), want to make as much money on Crypto as possible before the Biden Capital Gains crew implements insane taxes. So what are they waiting for? Something isn't right. Either we dump (and hard) or we make new...

PatternTrader0807

I'm generally an optimist but ANKR is looking shakey. Largely due to ETH and BTC. If ANKR hits that .15 support and fails, Look out below. I still think in the long term ANKR is way undervalued. Watching Crypto Meter the buy/sell orders are relatively equal. Happy hunting (Not trading advice).

PatternTrader0807

XLM is meeting heaving resistance at the .57ish mark. Judging by the MACD and other indicators, on a Yearly view, there is nothing suggesting that we won't break through that on our way to an ATH. I'm hodling for now (I bought in at .45). With the indicators for a swing or long term hold being green (imho), I see no reason to sell. I will eventually move my XLM...

PatternTrader0807

ANKR fell through our previous trend line but didn't really break an upward trend. Normally I'd classify the red lines as a Bear Pennant, however with the higher high and reversal of a higher low, it would seem it could fall either way. Hard to call this one. Support at .15 would be a queue for me to buy more (Not trading advice). Even a further decline is...