eudotong1

18:55

eudotong1

Macro-economic Overview Essentially, it’s looking like the bear market is becoming more probable month after month. Tons of macro-economic bearish signals: Euro economies taking hits (Germany narrowly avoided a recession last quarter but has seen 0 growth; UK recession looming as well especially w/ no Brexit deal) We’re currently in the longest US economic...

eudotong1 Updated 

Normally, I keep my trading and analyses to crypto, but this Dow Jones setup looks too good to ignore. Factoring in all of the bearish signs from fundamental analysis (rising interest rates, rising unemployment, slumping retail sales, and gov't shutdown), it's tough to argue that the stock market will break the previous high, especially considering the bearish...

eudotong1

Peep this nice rising wedge pattern that price has respected for the last several weeks. I'm playing a 7% potential profit long to the top of the wedge. We're riding along a nice horizontal support around $84 and also hovering over a month-long trendline support on RSI. Solid setup with a great risk/reward ratio. Entry: 84 TP: 90 S/L: 82.75 R/R: 3.65

eudotong1 Updated 

I'm currently in an ETH scalp short to $162, but always plan ahead. The broader trend is upward, so whether or not my short works out, I'm ready for the next upward move. On the 12H, we see bullish momentum is picking up based on RSI and price action. We're seeing thicker candles in the bullish direction, which is a good sign. We recently double-tapped the...

eudotong1 Updated 

After the latest BTC impulse move, it seems that ETH is consolidating at the 166 resistance. If it continues to consolidate like this, that's a sign of bullish continuation. However, for now, I am still expecting a small retracement in the short-term, as I think we've completed 3 impulse waves and are in the process of an ABC correction. I've laddered into a...

eudotong1 Updated 

I don't think the alt run is over yet, though I am wary of any big moves on BTC that could shake things up. So as always in this bear market, I'm keeping a tight stop-loss and booking profits quickly. As you can see from the chart, we're in a support region with a lot of confluence on the 12H: - 786 fib line - Strong resistance-turned Support around 209 sats -...

eudotong1 Updated 

Last week, I was targeting a short on the DOW. The setup still looks valid, so it's time for entry. It's my first time making a stock trade, so I'm just going to use Robinhood and purchase the inverse DOW index (SDOW). I see some very strong bullish diverge on the weekly chart. Even smaller timeframes look to be coming to an end of their downtrend in the...

eudotong1 Updated 

Normally, I keep my trading and analyses to crypto, but this Dow Jones setup looks too good to ignore. Factoring in all of the bearish signs from fundamental analysis (rising interest rates, rising unemployment, slumping retail sales, and gov't shutdown), it's tough to argue that the stock market will break the previous high. Triple top formation is possible. I'm...

eudotong1 Updated 

Prior 8-day resistance of 3690 has been broken, now being tested as support - it also lines up with the .5 fib line in the larger structure. Predicting a bounce off support to test the diagonal resistance. May form something like an ascending triangle in the short-term, potentially breaking the resistance to reach 3900. Have a conservative long set to 3775. Will...

eudotong1

I was actually expecting BTC to pass through the 4200 resistance, which has been a strong resistance since we dipped to the 3000s. But in retrospect, a correction was very obvious considering that we've only seen green candles this month. Hindsight is 20/20. But now it's time to accumulate for another test at 4200. We're seeing a lot of confluence for support in...

eudotong1 Updated 

Trend Analysis: We've dumped to the 3600 support which has been a strong support previously. Volume has been decreasing on the way down - especially noticeable on smaller timeframes - this indicating that bearish momentum is dying and a short-term reversal may be likely. Histogram is also upticking on smaller timeframes. A bullish crossover on the MACD...