Derian66

Derian66

Seeing a lot of similarities in the previous accumulation zone to the one we are currently in. Huge capitulation down to a solid floor. Jump above 200MA with one final 40%+ shakeout before the chart gets explosive. Price currently resting on the 200MA. Ideally we like to see this hold and price and MA begin trending upward until it explodes from the energy built...

Derian66

Trade of the year so far and I was able to let it ride. 65% very quickly and this stock is probably just getting started. My only mistake was not sizing up more.

Derian66

This is one of those charts you just have to buy a little bit everyday and stay patient. Eventually price will explode from the green accumulation zone.

Derian66

LTC will soon make a decision as to which ML it will head towards next. In the past this current line has held very well and also been a spring for price. The R:R here is extremely attractive and hard to pass up. Manage your risk wisely and allow the move from here to play out.

Derian66

I officially hit my biggest trade of the year in the last two weeks of December. I had a huge amount of conviction on this trade and it happened fast. 60% in less than a month. 2024 will be special.

Derian66

The pitchfork tool truly changed the way I look at markets. It is amazing at times how beautifully price will follow the rules of the pitchfork. The goal is to enter at the earliest opportunity after the three pivots are formed. This way you can ride the trend of price until the pitchfork is broken. Lets keep our eye on how price continues to play out inside this...

Derian66

LTC has been ranging for some time and the pitchfork has held true. It seems we are at the edge of the market. Price in this area in the past has a tendency to explode towards the upper lines in the pitchfork. RIsk is very minimal and the potential explosive move is one you aren't going to want to miss. It will take time but it seems inevitable.

Derian66

Same as the F idea. It's possible the last low was a washout. Price has regained the Lower median line. If you want to be picky you can run that stop even tighter just below the red line. A catalyst behind these ideas is that the FED will pivot soon and a bull run will really be sparked. Manage your risk and allow the move to play out if we have indeed caught an...

Derian66

Ford has been respecting the pitchfork and is in a great buying zone. 15% stop but the R:R is around 8:1. Small size with the stop just outside of the previous low. Could very possibly be an edge of the market here and if it turns out to be so we will have caught the next trend at its earliest stage.

Derian66

If you are familiar with Howard Marks market cycle it's very evident this chart is following exactly along. This chart appears to be in the G phase of Howards cycle. This stage can also be categorized as "Disbelief." The tides have turned and those who watch diligently are paying attention. One thing is for sure, it will take time. Better to buy daily and have...

Derian66

Being able to orient yourself on a high time frame is one of the most important things. On higher time frames the charts are clearer and the signs are easier to see. I think our next level is clear but timing is a thing of its own. For now there isn't any signs of danger. Ideally volume will begin picking up. This will be one sign to confirm we have much higher to...

Derian66

For a little over a year ADA has been developing one of Darvas famous boxes. With a box range of 75% I can only imagine how explosive and rewarding the breakout will be. Could ADA be at $1 before we blink?

Derian66

R:R here makes a lot of sense especially with small size. May not get the top of the fork but cant ignore the potential edge in the market.

Derian66

Look for BTC to follow the pitchfork up to 48k. Look to long on pullbacks to the green lines. Trades will be identified when price pulls back to green lines, then forms a support that offers a minimal risk compared to a generous reward. This trend if it plays out like this will take time. I feel much strength in the market at the moment.

Derian66

Seems to be a Darvas box being formed. With wars being fought overseas it's very possible commodities could begin a bull run. This is a good range to slowly accumulate as macro plays out.

Derian66

ETC has been in the box that reminds me of the one LINK just exploded out of. With proper sizing the reward greatly outweighs the risk, especially if you DCA in this range and stay true to the stop I have put. This one should play out over 6 months to a year.

Derian66

Will MSFT follow this BTC fractal? Looks exactly like it and I remember it was right in front of my eyes back then.

Derian66

Price bounced along the trend line nicely for a while but a double top that close to the support fractal is usually a good sign to get ready to get on board.