I really hate crypto but its pretty easy to trade and its open on the weekends SO i will continue to force myself to trade this nonsense. Eth is extremely overstretched, over priced, overbought, and over hyped. I don't see it hovering in this area forever I think we eventually will see a return to the mean over time. But for now Im gonna start accumulating shorts...
Well BTC did what I thought it might not but, i was prepared in case. I put this chart up a month or so ago in the case it moved to the top of the expanding I would be willing to add in this area, which is what I am going to do once the price closes back inside the top of the expanding, I would love a wick here and a nice daily close to boot. Looking for entry...
Okay quick easy little chart here, looking for gold to 2050 2060 area before some correction and then a move higher, will just play this current move to 2050-60 are for now. Close below 2028 on the 4 hour invalidates this.
Signals are still beating me up over the DX short. Been playing this to the short side for quite a while, as previously mentioned via scalping. But also have built shorts into this nice weekly candle and formation. An easy trade here, which could go lower but will just target a small overthrow of the gap fill 102.69 and then re-evaluate.
I'll put a more detailed chart up over the weekend, but Gold is looking rather bullish into next week, I'll be surprised if we do not hit 2085 sometime. Possibly higher.
In my previous analysis of the gold chart, I anticipated further upward movement. While I managed to secure some profits, a reevaluation of the instrument has led me to conclude that it's wiser to secure these gains and concentrate on a pending short position, as demonstrated in the chart. The downside potential appears significantly more substantial than the...
Here's a little update on USDX. I've been scalping this short with a long bias for a while now; as you can see, we're approaching a major trend line. Of the many possible outcomes, these are the two I'm watching for the most. 1. We move to the upper resistance zone around 105.75, followed by a wick back down into the larger pattern, which would generate...
My last charts got moderated. My bad. Here is my newly updated BTC chart from what is already in play. I opened up 2 shorts below in the first rectangle and am looking at adding one more short anywhere around the overthrow area of the upper trendline. Looks like a classic expanding top now which I did not think was going to happen, but I did take into...
I believe we are in clear "overbought" territory. I really hate that term but it does have some merit. I like the 16000 area to the short side. Just recently had a new high, 18k is approaching; lots of reasons for a pullback here. I will start accumulating positions now for the move
While I wait for Bitcoin to reach the $32 area, I've noticed a promising setup for a long position. As I've previously mentioned, a retrace to the $45 area is likely, and it now seems that we'll be moving in that direction soon. This presents a nice risk-reward opportunity with a clear invalidation point on a break and close below the APEX
It is important to keep an eye on the significant support level that EURUSD is currently interacting with. This is particularly relevant due to potential correlations and the impact it may have on your other trades. The long-term nature of this chart means that changes may take time. A bounce at this support level is likely, given its nature. While it may...
Regardless of maintaining a bearish stance on gold until the gap is filled, I can not deny the clear bullish breakout and follow-through we have been experiencing to the upside; I expect to see gold around 2150 before long, and I will reevaluate at that time.
I usually don't mention gaps since they are typically filled quickly, and it takes a long time to understand the intricacies of how they can impact you negatively. However, I do enjoy trading USDX against itself frequently. It usually has small gaps on certain brokers that are easy to scalp around, and if needed, holding trades is possible due to low margin costs...
BTC gave us the most spectacular TL rejection for a wonderful setup in the 48 area but now we have made a little bounce up to the 44 area and looking to add to the position. I will ride them down to one more low around 37500 area or anywhere around there and look to flip long for one more move up before a crash to 32 k area, I willl keep the updates coming on...