Swing trade This is a loose plan, trend following with some target levels . I now believe it's almost impossible to predict exact movements like I used to try to in some of my older calls based on classical patterns, waves, Wyckoff etc. The mind kind of sees what it wants to. If it works great, but I've had my biases really distort what's actually on the chart...
Versus a basket of memecoins I was monitoring during the April Fool's dump, this was the only one that was positive for a period while everything else was in the red. On the rebound this also outperformed many other memes other than perhaps WIF. Other than that not much reasoning behind this, I like Darkfarm's vibe Entry. I've been accumulating at 0.012-0.017...
If you're into gold you're probably aware of the history and some of the ideas behind owning it in physical form so I won't go over that here. Let's just say it won't make you rich and you'll need some patience. Targeting 13k by 2025 if bitcoin doesn't "eat the kingdom of gold".
Once this clears resistance, ~0.029 - ~0.4
Weekly appears to confirm a bearish trend at least for the short term (a few weeks?) Looking for this pattern to form over the course of this week + next week to make another long entry into either an accumulation range or leg higher. Short term trades using these approximate fib levels + trend lines for entries and exits, also areas to place stops below or...
Does TA even work with BTC now that institutions are starting to adopt bitcoin as a safe haven and the space continues to mature? TA stopped working as well in the 90s once it caught in traditional markets (see Van Tharp's book "Trade your way to financial freedom" about trading failed patterns) Do traders still expect to see -60% corrections with a supply...
what more do I need to say? Chart says it all.
market dumping? moving sideways? band trade and accumulate in the meantime while the run up gets distributed, eventually exhausting sellers.
Will history repeat itself here? retracement during the summer pulled back to fib 0.618 from ~6.40 to 3.75 if this pattern repeats, there's a possible pullback to 6.31 support from the previous high range of the band identified in my OCT chart for DOT. I am long DOT adding to this position if this pullback occurs.
trade this how you want with your risk management strategies, I'll be DCA accumulating in green zones for fib targets of 1.618 (1.09) and 2.618 (2.623)
Looking to add to stack @ ~21 it closes below this fib level.
S&p Looking bearish on higher time frames. Observing this megaphone pattern and using fib levels as trade entries / stops. Downside possibly to ~2000 levels. Of course the fed could inject liquidity into the markets and invalidate all the technicals. Calling reversals (tops and bottoms) is always tricky, however that's where the highest reward to risk ratios...
Price Action: Not trying to be too precise with price action this time, just general price levels to watch. Observing a rising wedge, scalping inside that band if you like very short term trades. Longer term buys at ~3.95 price range with stops below in case that support breaks down. Macro: There's some correlation with the s&p and inverse correlation dxy and...
Key resistance and support levels to watch. 5:1 Risk ratio New entries look for a breakout past current resistance for confirmation, or a pull back for retest of trend line. As usual observe bitcoin, stocks and dollar index for a macro view that will change the overall trend. Happy Trading.
The silver market gives us more opportunities to buy silver under $30. 150 years of price manipulation and suppression. The backbone of our high tech society. DYOR.
Showing a reversal on the 89day MA upper channel. Looking for another candle for confirmation.
Short term outlook for ERD for August. Long term I'm bullish on this project as a Ethereum competitor that accomplishes what ETH is trying to do in Nov. Building off the idea that the pre-mainnet pump was wave 5 of EW theory, let's test if ERD is going through an ABC correction. Looking for a possible retest of ~250 sats within the week, if it doesn't break...
Short term outlook for Chainlink. A symmetrical wedge has formed giving a mixed signal on a breakout direction. However considering LINK reached a new ATH in mid-July, the price seems overdue for a pullback if there is no pullback. Setting up a stop loss on my current position here for these possible fib based retracement levels if price moves to the downside...