the_morello

the_morello

Well, our latest attempt to maintain consecutives higher highs was invalidated. It's very hard to trade these days. The market doesn't really have a direction but something is certain, ALL ATTEMPTS TO RECOVER WILL BE STOPPED BY THE FED MANIPULATION AGENDA. My best advice is : Don't try to trade against the market, Look for short setups and stick to those until...

the_morello

If you read my previous post on ETH price action, you're already familiar with this channel. I'll leave the link here : Now, What's next? Well, the plan is the same. Ideally we want to form a local bottom here, to cement our downtrend reversal. If we succeed on this, most likely we will go back to 2k in no time. If we fail, then the pattern would invalidate...

the_morello

Today the markets crashed drastically across the board. Although I was expecting some sort of pullback on testing projected resistance, I definitely did not expect a total insisted bleed, in this fashion. Only thing I can tell you is, this is not a trader's move. Traders operate with criteria, follow patters and trade against some sort of pivot point that...

the_morello

ETHUSD is moving inside a channel (in the chart highlighted in yellow), that over the short term, will lead the price to form a higher high. But there's still a high likelihood that the price would want to revisit the lower end of the channel, at least, one more time before finally resuming the uptrend. One way or the other, this is pretty much the...

the_morello

Today we had a better than expected performance across the board for the crypto markets. After having fell considerably during yesterday session. Among the best performers, here I leave you with LUNC, or Luna Classic. After the fork from the main chain, Luna classic is trying to get the pieces back together. Starting with making the burnt of excess liquidity, a...

the_morello

As we can see from the chart, BTCUSD has shown willingness to hold its support at mid 19K. This support has been consolidating since Aug 29 and for more than a week now, it is recognized as a strong pivot point to trade against, for both bulls and bears. The volume profile confirms the high interest encountered around the area. The overall trend remains...

the_morello

Apple share price has returned above a not-so-long-ago broken uptrend. For a full earning cycle, going from May to late July, AAPL price had us think to have broken said uptrend that was holding up very nicely. Right now we are testing the direction again with possibility of reversal. Bulls would buy and Bears would sell right at this point. There's nothing...

the_morello

Attempting to break short term downtrend. Oil coming down from previous highs helped us a lot at the supermarket. Is the small relief over already?

the_morello

$SPX Daily candle closed below both the 15 EMA and what was supposed to turn into support at 4200 ish levels just passed unnoticed. Probably a 50 MA retest upcoming, there is still plenty of room to the downside to find a higher high. we're all kinda losing money rn so chill