theroadtoprofit

theroadtoprofit

A co-worker came up today telling me they made a coinbase account and are looking to get into crypto. Give or take a squeeze up to the macro 78.6% retracement around 51k, the top should be in. I don't believe the bear market has concluded, and that this entire move from the FTX crash low has just been a bear market rally of BTC magnitude. The majority of BTC...

theroadtoprofit

After a meteoric 500% in a matter of weeks off of the low, we are left with an interesting scenario. First it is more than possible that the pump continues, reaches and even blows past the previous relative highs. The second scenario is a bit more interesting. With such a fast pump, it is possible and likely that people have become excited and begun buying more....

theroadtoprofit

Exploring the possibility of a potential 50+% drop. Although not guaranteed, I can’t help but see extreme value in this scenario. The final blow would bring about a psychological state of absolute despair across the uneducated many of market participants. Although it would feel extremely wrong after a series of bearish candles breaching all time lows, I believe...

theroadtoprofit

The universe works in mysterious ways.. Greater than 30:1 RR on the basis of a short lived but violent “alt season” Many alt coins are at all time lows. Levels that everyone was sure would never be seen within our lifetimes have been reached. Yet everyone has lost hope. Now that everyone is sure projects are dead…. Luna however is unique. Never have I witnessed...

theroadtoprofit

See previous analysis.

theroadtoprofit

The mysterious case Fraud Scam Scandal But why is it not 0? There seems to be a floor in place, meaning some entity is counteracting any sell pressure keeping the price relatively stable over the past few weeks. It looks to me like the floor is in place, and its only a matter of time before selling pressure dies out and leaves massive opportunity for those...

theroadtoprofit

I believe we are in a prolonged, multi-asset bear market. With that said we have not had a significant retracement for months. We are overdue both in time and price. A break of the recent lows will do the following: 1. Stop out any currently accumulating bullish positions with stop losses 2. Trigger entries for short sellers expecting a larger downside move...

theroadtoprofit

Dino juice looking like a page out of an Elliot Wave Theory textbook. All rules have been illustrated to be present and not broken. This is probably the most extensive analysis I've done so I would love to hear any feedback. Always do your own due diligence. Supposedly these patterns are "extremely rare".. Ending expanding diagonal Rules (these are “hard”...

theroadtoprofit

Long overdue correction seems to finally be in play.

theroadtoprofit

Looking for further weakness in GBPUSD. Speculative entry can be taken at highs of structure, confirmation for further downside not until we break below ascending wedge.

theroadtoprofit Updated 

SPX is in a melt up situation. It is unwise to sell until we have a clear signal. I am monitoring a rising wedge pattern as a potential entry to swing short. Entry confirmation would be on a daily candle close firmly below the rising wedge support line. Bonus confirmations: Bearish engulfing/Pinbar High volume Impulsive selling Good luck.

theroadtoprofit

No need to be biased in a single direction. Structure is showing clear lower highs and potential bearish impulse. Continuation to retest longer TF lows possible.

theroadtoprofit

Great Risk reward long op for a 2:1 all the way up to 6:1 if bulls show up on the low of the trading range we've been holding. .21% risk for 1.2%+ on runners. Previous 3hr closed engulf after liquidating buyers and triggering sellers in demand zone.

theroadtoprofit

All commentary on chart. Sentiment + positioning analysis

theroadtoprofit

Today I would like to present a cross-reference analysis of AU, EU and GU. The white zone represents pivotal zone from July. As you can see, both GU and EU have managed to reach these zones, with GU breaking above. I can't help but notice the relative weakness in the Aussie. Closing candles above the highs at .74 should open the door for a catch-up run. Green...

theroadtoprofit

I present AUDUSD as it is looking a bit exhausted to the downside on larger timeframes. All commentary is provided on the chart I see a high probability long trade if we can get a push and close above the local resistance (.7495)

theroadtoprofit

Looking for signs of a reversal here soon for the DXY. Structure looks clean, just need price action to confirmation to begin to scale. Good Luck

theroadtoprofit Updated 

UJ finally broke out of painfully long consolidation, looking for a slight pullback or flagging structure to go long.