Thought I would post here as its been a while. Probably quite a few amateur traders on trading view could really do with some professional guidance after the last few days well here is what my 30 years of trading tells me. Whatever the fundamentals behind yesterdays 10,000 dollar plunge, the technicals were clear, a pennant had formed and btc was due for a big...
Higher high on charts and bull cross on hourly moving averages. Upwards trendline is now solidly formed Safe to add to longs here now and look for ATH and more. Bito ETF has two gap fills above which should happen this week to help drive BTC higher as well Refer to previous posts for more technical info on this bull flag breakout
As shown in chart. Very overbought, everyone thinks oils just going to keep going up. I don't think so. I'm taking the short with lower high on the chart. I'll take some profits at the neckline breakout if it comes in case of a fakeout. Lots of potential though to move down to the green support line for further profits. Enter as always before breakouts not...
Huge fakeout (of which I specialise in) here on BTC. Pro traders love fakeouts. Amateurs read trading books and think breakouts is the way to trade. Its not, you should take profits almost immediately on breakouts (ie if your were short took tp at 59K) and reverse to trade into the pattern again. What a fakeout break on the head and shoulders with a wick down...
As shown in chart, Price is above control line in middle of channel so safe to go long. Enter b4 the breakout as always to minimise risk. Extension target of bull flag is 93k (67-39k = 28k plus 65k breakout point) expect to get there pretty quickly, first resistance 80k, take profits accordingly.
Here we can see ETH has formed a flag inside the parallel channel. Breakout attempt looks about to happen. Buy ahead of breakout to minimise risk. If the breakout succeeds target is 5300 top of first channel. Second potential parallel channel is also shown. The flag height extension actually takes us to 6000 which may happen but sensible to take profits at...
Possible diamond bottom here on bitcoin as it aims to make 60k the new floor of support Buy ahead of the breakout to minimise risk, What I like here is the extreme bullish divergence on the MACD histogram as shown on the hourly charts yesterday. These lead to powerful moves 90% of the time. Stop loss at 59k ish at the swing low. If that breaks the pattern will...
Looks like eth is trying a cup and handle (investopedia that) breakout here, will likely try and go for ATH again and break up to either upper blue channels shown Updates to follow Be aware most patterns and breakouts fail but good to try and ride them a little for profit until they do. Green support lines shown
Quick day trade short here on nasdaq. Major divergence on the holy charts at the prior neckline all those weeks ago. Likely to test the rising wedge and maybe down to green support Reverse and go long if rips through stop loss at high around 15465
Just spotted this today. We are in a parallel channel on the daily charts which takes us to around 100k. This goes some way to explain the extreme bullishness. Green lines have been acting as support as we move up. Hold until at least 95k. I think we will get there within a few months. Like if you agree, follow for updates as always :) When lambo?
Notes: Green horizontal lines are support, circled is the incoming true golden cross (100 and 200 daily moving averages- a very strong buy signal). Here we can see that in the last 2 weeks Bitcoin has had a fantastic run up from support at around $41,000. This is as per my last post where I suggested calm heads were in order and to forget the fear of going to...
Probable bull flag continuation pattern here on ETH bouncing nicely off support. Add to longs now before the breakout above to minimise risk as always. I'm keeping my stops at 2630 but will raise them on confirmation of the breakout once we get above 4000. Eth is still lagging BTC and hasn't taken out its prior weekly swing high of mentioned 4000. Great value buy...
This could be a big move In play here. Huge divergence forming on the hourly charts we could go right up here. Sorry about the poor charts using the app to post as am moving about today but you get the idea Buy and hold
Buying the SPAC VACQ here rocket labs merger (depending on the open price today). Breakaway gap in play here. This is a buy and hold not a short term trade. I like the sector and the company fundamentals. finance.yahoo.com "Vector Acquisition Corporation (Nasdaq: VACQ) is a blank check company led by veteran technology investor Alex Slusky. ... The company...
So finally today we touched the very long term downward trend line on the weekly charts (see below). Wow what a run up! Now on the hourly chart we have a double extreme bearish divergence on the MACDH which usually (as its so rare occurring after long uptrends) signals a sharp reversal. We are trading inside a rising wedge here so we could try and take this all...
Hopefully you will of already bought gold last Friday with the major dip down to weekly support again at 1860. If you haven't there is still time. We are currently trading inside a giant bull flag and I expect prices to move up to test a breakout of the flag over the next few weeks. Stop loss at 1855. Further we had a nice inverse head and shoulders break today...
Nice opportunity to further add to our TLRY position with this MACDH divergence on the 1 hr chart. We can keep a fairly wide stop on this one and hold for the short to medium term up to 60's or longer up 50% to all time highs around 150. This has been a lovely pullback on this great cannabis stock and we still have merger talk doing the rounds.