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AI Stocks have been attracting attention and hype, with hype comes consolidation. The hourly AI chart is setup well for bearish plays today. Intraday bears can scout aggressive on any entries around the 28.76 level which has acted as resistance both premarket Feb 7th and intraday Feb 3rd. Caution if bulls run straight into 28.76 this morning as it would indicate...
In this video I explore the capacity for ChatGPT to write Pinescripts and go through the process of creating a basic RSI based strategy using AI.
With the break of the $7.90 premarket (now a gap down open) low we know that daily consolidation is underway. Given that BTC is looking for hourly lower highs and that MARA is trading in kind we can look to MARA to see weakness on any short term bullish attempts. The most likely outcome here is a lower high under $8.50 which would see short term bulls over...
The textbook definition of a perfect bull flag requires the following 1. A significant period of price discovery 2. A window of consolidation 3. An extended period of lower highs 4. Lower lows that exhibit hesitant selling pressure 5. Points 2-5 fitting into a clear and consistent pattern In this case we see BTCUSD holding a near perfect example of a bull flag....
In this video I show you a handful of cool little tips and tricks you can use to improve your TradingView Experience
Market Strength VS the main Boss AAPL is in a clear weekly downtrend and is approaching EMA 12 on the that timeframe. Given its relative weakness we need to ask, is AAPL about to turn over, or is it playing laggard? Until bulls prove us wrong we need to scot for weakness and be ready to take advantage. Aggressive bears will be looking for short entries near the...
Recent strength in BTC & Crypto has resulted in a strong MARA daily breakout. Bitcoin is due for daily consolidation so we will be watching for signs of weakness and a sympathetic decline on related names like MARA. Caution as we have not yet seen the weakness we need but we are preparing to react. For continuation bulls need to break $8.75 and see BTC having...
Dimming the din. Nixing the noise. Flipping off the fluff. There is no shortage of indicators to try, patterns to learn, data to track, but there is a capacity limit of our brain. Whether a side income, for long term investing, or trading as a business, in addition to making goals, we also need to make sure that our habits are supporting those goals in a...
A look at charts and technical analysis for BTC, ETH, LTC, CRYPTOCAP:BNB and other popular alt coins. Trading and psychology educational content.
Bulls remain very strong in the short term with no red flags. Coinbase 4H inside bar broke bearish with no follow through, making it a possible bull flag. Other exchanges did not break it bearish so we just have multiple inside bars. In either scenario the burden of proof remains on the bears, who have been nonexistent for 3 days. For every $100 higher we see...
Bulls with a solid end to the week last night, and just looking for a 4H higher low ideally holding the EMA12 support. Daily lower high resistance is still intact and we will have to see those resistances break if we are going to have confidence in weekly consolidation being delayed. Bulls are either in positions, looking for entry on this 4H consolidation, or...
Daily downtrend as we shift focus towards the weekly time frames. Currently a weekly inside bar forming and if that is the case Sunday night, we will have to see a bear break of this level to begin looking for a weekly higher low. Hourly EMA12 resistance on bounce attempts, then 4H EMA resistances. Bulls looking for a short term bounce today to cool off RSI...
Healthy consolidation overnight as BTC sets a 4H higher low, holding EMA12 support and heading back to recent highs. Bulls continue to buy consolidation and the alt coin space has responded very well. I plan on holding BTC as long as we are in a 4H uptrend, and going back to cash to play hourly oversold bounces and watch for a daily higher low when it is lost....
Congrats Bulls! How did we know to give the BTC video a thumbnail titled "Volatility imminent" yesterday? No crystal ball, it is just our good friend the equilibrium which gets to a point where you cannot get any tighter before the break occurs and traders and bots react to it. Every higher high on the daily from here continues to increase the odds that our...
BTC has remained in the anticipated 12H equilibrium through the weekend, leading us to a likely break today or tomorrow. Watch for a volume spike to be associated with the break. With a bear break, the daily higher low is at risk, with a bull break, we look for continuation of the daily uptrend to try for higher highs. Currently in a position from the play off...
BTC has been pulling back for a couple days now looking for the daily hgiher low to form, and I personally find the most clarity on the 12H chart. The bull move and pullback are significant enough to anticipate the most likely scenario is a bounce to a 12H lower high. If bulls can get over $8,000 we will be shaping up for an equilibrium. I personally had 2 of 4...
Congrats Bulls! BTC holding up extremely well after another day with big gains. If we break the equilibrium bullish we will look to $8,500. If we break it bearish we zoom out and look for a 4H higher low with EMA12 support as a guide. The odds our monthly higher low is set continue to increase with every green day. I personally am a believer that BTC is...