tradersnest

tradersnest

The arrows in my diagram show the normal formation for a symmetrical triangle in an UPTRENDING market. Expect higher prices Soon.

tradersnest Updated 

It will be interesting to note if either of these trendlines is valid as support or not. This Bitstamp chart as of yet has not touched either line. I am not the only one to point this out by any means, but my TA curiosity is very anxious to know which will bounce or both. Good stuff for short term players. I expect this sell off to continue till The dashed...

tradersnest

Price continues down as Short Sellers are in control for now.

tradersnest

Daily Bollinger Bands showed no mercy as they bamboozled traders today with an awesome upwards thrust prior to the momentum of a "Bollinger Band Squeeze" as the pair fell from it's high in a short period of 30 minutes with targets well below what the bulls expected. Consider this play to be live up to April 6th (+/-1 day). Expect price to attempt some retracement...

tradersnest

Simple chart speaks volumes. First on the 4 hour chart we retraced to 38% which corresponds to the bottom bollinger band and buyers are pushing price North from this point. RSI Exhaustion appears maxed and the TDI has not given a buy signal but that will probably cross on the next bar. The daily chart does not share all of the above sentiment. It has not...

tradersnest Updated 

There is always more than one opinion on every chart. In the case of this room there are probably 50 opinions. Looking at the daily chart the negatives are...we have price that needs to break the 100 day MA, Ichimoku Cloud overhead and trend-line resistance from the ATH to the second point (Bittrex high of 17,178.00) and if drawn properly you will see yesterdays...

tradersnest

After moving sideways for the biggest part of the year, one could take a bit of a gamble at this trend line support area. Place a stop below the black dotted line and your risk will remain low. If it breaks the trend line it is of course possible for more downside. It's a great price to get in on the next cycle bull run. I wish you luck.

tradersnest Updated 

See notes in Chart for explanation. The more confirmation you have, the better the trade accuracy, do your own analysis.

tradersnest Updated 

Place a Limit order at bottom support on a lower time frame use a 10 Pip Stop from your fill price.

tradersnest Updated 

Don't want to upset anyone, however the late market action has produced a Bear Flag Formation, which measuring to the downside would line up perfectly with the lower trend line and the 61.8% retracement. Give me your feedback, and watch your back.

tradersnest Updated 

No Buyers at this level. We are headed for the next Support level just below 8,000. I imagine at this price buyers will still be reluctant to purchase. Time will tell.

tradersnest Updated 

Bitcoin must find support. It's there, but which one will attract the old king of coin. There are 3 possibilities on this chart. Prepare for some wild trading as the Blood Moon appears at 7:27 am Chicago Time Wednesday Mornng just in time for the Chicago Markets to open.

tradersnest Updated 

Tandem Diabetes Care is a public US medical device manufacturer based in San Diego, CA. The company develops medical technologies for the treatment of diabetes and specifically insulin infusion therapy. tslim X2 pump will be a huge windfall for this company. Do your own research, personally I'm building a nice position in this one. Currently Breaking out and...

tradersnest

Enron comes to mind when I see a chart like this of a once great industrial. John Flannery newly appointed CEO has restructuring plans to spinoff and restructure Baker Hughes. Cut dividends by 4B, 2B in reductions and Flannery plans to focus GE on three core areas: aviation, healthcare and power. Price has reached to 61.8% retrace from the '09 low which is...

tradersnest Updated 

We have reached the lower trendline which began on 12-22-17. Parallel to the high channel. RSI is oversold at 25 on the 4H. We haven't entered into the support zone but we are very close. Keep your eye on the ball for the turnaround many are anticipating. Best to look for confirmation on the 4H and Daily before entering...trade responsibly build your position...

tradersnest Updated 

Low risk trade, Stop 72053 - Profit target .70591

tradersnest Updated 

For those of you who have followed my suggestions, it has been very rewarding. We have a new scenario which have some quite perplexed, however I believe it's one that you'll find rewarding. We have been struggling to break out the the grey area since the daily close on Friday which produced a bear flag, which freaked a few traders out (including me), however I...

tradersnest Updated 

I'm still very Bullish for BTC. The Bear flag appeared at the close of the day I immediately began checking it. This is the chart I've been basing my HODL on. You be the judge, but only time will tell. We had a fairly strong day which I thought might carry on into the Asian session. We may need a day of rest. This chart is more in line with my thinking and...