Over the past 60-90 days, besides stable coins, Tron has out performed the market and if evidently one of the coins on everyones watchlist. However, is Tron really a good buy right now? My opinion is no. Explained in the video are a few of the reasons why I believe so. Main talking points: -Long term trend break -Short term trend/momentum -Volume ...
An update on SPX and the trading plan: In my last analysis, it was expected that there was a high probability that price would rally back up to ~4200, which was the last broken structure, S/R and also a high area of volume. This has since been fulfilled. - At 4200 we saw very strong selling which has since broken prev. support and created new...
Wassup folks! In today's vid I'm explaining a new topic - How to size your position (read: how to size risk per trade). Necessary Indicators: Historical Volatility Prerequisites: 1. Have a defined trade plan. 2. Know the outcome you're expecting. 3. Have a hypothesis on how long you plan to hold the trade. 4. *not mentioned, but obviously have a way to...
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- SHORT TERM PRICE ACTION Since the rally at the beginning of May, we've seen price tumble to yearly lows. This could be due to the popular effect of seasonality - better know as...
A simple view looking at the bigger picture on Cardano. No need for much details; I think the chart speaks for itself and my bias towards where we can expect areas of high expected interest.
This video entails my opinion on a few coins & tokens I'm keeping an eye on. They appeal to me for one or more of the following reasons below: 1. Price action differentiates them from the rest of the market. 2. Possibly a combination of fundamental + technical analysis. 3.vibes. 4. Utility Cardano LINK RUNE XCAD ENS Buy tennis balls, not eggs.
Note: The bigger the gap (stronger momentum move) the more likely for price to retest that area. Dont use this as an indicator to buy or sell, use it in conjunction with other strategies you may have. This is just one way to come to a conclusion about price. I will link another video that will show the same thing utilizing other indicators. Note: I know my...
Support - Resistance flip view, coming out of a *wedge* // W-Reversal Pattern + Fib Retracement + Extension. View #1
As mentioned in the video, based on the fixed range volume stemming from April 2020 to current day, the level price is now at represents the area of highest traded volume, more or less known as the point of control (POC). This level has served as the main S/R for the past two years. Once price is above this level, its met as support, once below..resistance. Also...
Purely technical outlook. Thesis: Break & retest last significant market structure. Price had a neat 12% rally stemming from news of the war. It has since lost momentum with price retracing 50% measuring the lows on Jan 31st to the peak. More recently, a significant support was broken and is now being retested - and it should be met as resistance. Price is...
Oct 20' - Investors unsure of market, COVID concerns, no real fix - Premise 1 - Investors move into commodities, specifically previous metals. Premise 2 -Energies + Commodities related to consumer goods DBC index provides basket catching the best of everything without great risk. At least that was what I read at the time of analysis. March 22' Equity...
Update to prev post. Based on current market structure, USDJPY seems to have changed its trend falling out of its ascending channel. My prev. thesis stated that I expected to JPY to regain some strength - current price action suggests this is the case. We can expect price to retest previous all time highs, potentially falling even more. From an R:R...
My view of CADJPY currently: Momentum/Trend change, with the JPY gaining strength --> CADJPY price decline. Price inefficiencies creating liquidity gaps. Market structure seems to be in distribution mode. However, we could also be seeing a bull flag form. Short term trade for me right now is to ladder in short positions and take advantage of he current...
Based on previous events for whatever reason, USDHKD has never broken above $7.85 and has never broken below $7.75. This is an exotic pair, therefore the spread would be large depending on your broker. Also their may be a interest fee paid or received just for being in the trade. Ive been waiting for price to reach this area for quite some time. I was able to...
With price near a historically strong zone, it is likely that we see the dollar appreciate over the next few months. An appreciating dollar will have the inverse effect on xxx/USD pairs. I expect there to be macro economic factors to be the catalyst in starting this move.
Decided to short UJ going into the FOMC meeting today for the lulz expecting/hoping for the worse and got a lucky break. However, as I take a deeper look into this pair, I believe it is at a vulnerable position, which could provide a nice trade. Firstly, since the Russia/Ukraine fiasco, the USD had gained quite a bit of strength against the JPY an rallied for ~14...
Comparing Bitcoin spot price & BTCUST shorts, it is often expected that as spot price goes up, shorts should go down; because, why would you short an asset increasing in price. However, it can be viewed inversely as well. For those holding large amounts of BTC, they could be hedging their spot positions with shorts, therefore as price goes up, they hedge with...
Update to my initial analysis on $GMT. TLDR; *GMT + GST Losing strength due to trickle down effect in the M2E category. ie. people taking profits and rolling into other M2E projects to maximize profit potential on their "steps". *General market strength has persons diversifying out to other tokens/ people taking profit. *A question of sustainability. Can $GMT...