mastercharts

mastercharts

Note Bitcoin simply bounces off the Blue support-resistance line and continues higher. Find out more about the indicators used on this chart by following the link in the signature line! --- How to understand price action. It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the...

mastercharts

Note that the DJT has risen significantly from the recent lows. It is currently sitting at the Red support-resistance line on the chart. We normally short stocks at this point, but with the Elections approaching fast, should we entertain thoughts of Donald Trump winning? If yes, we should be buying $DJT. ---- How to understand price action. It is very easy to...

mastercharts

I am using an algorithm to generate my indicator lines. This algorithm is based on mathematical calculation of price action. In this example we are trading #Bitcoin. 1. Note on this weekly chart of Bitcoin a breakout occurred on the week of May 1, 2023 with a close above the Blue support-resistance line. This line is mathematically-derived. It is proprietary. ...

mastercharts Updated 

Nvidia today popped over 25% on blockbuster earnings. We predicted this as far back as February 15, 2023. Congrats if you opened a position or bought Call options! ---- How to understand price action. It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are...

mastercharts

Bear Market for Lyft started on November 26, 2021. How do I know? I simply look at the chart. If you heed my advice and exited at that time, you would have lost 50% less than if you exited today. Trust the charts! --- How to understand price action. It is very easy to read price action if you have a reference point. These support/resistance lines are there to...

mastercharts

Bull market in the Dollar stared on July 13, 2021. This clearly visible on the chart and requires very little explanation. How do we take advantage of this? Simply looking at the support-resistance lines is helpful. When the stock closes above the Blue line, we go long. In this case, dollar as popped almost 12% since the initial alert was issued. Avoid listening...

mastercharts

Internet and TV pundits will have you think that the currency doom is upon the United States and the world. Once again fiat currencies (such as the Dollar) has proven the crypto fanatics wrong. No, Dollar will not die and will be replaced with bitcoin, dogecoin or other crapcoin. Dollar is here to stay and it just broke out into a new Bull market on July 13, 2021....

mastercharts

This is a momentous occasion! US Dollar just broke out into a new bull market. Looking at the chart we can see that the Dollar index has closed above the Blue support-resistance line on July 13, 2021. This is a clear breakout. We can now expect new higher highs and higher lows for the US Dollar. Those that trade commodities and especially precious metals...

mastercharts

I went ahead and shorted bitcoin. It sure looks like we will see at least a 30% move down from today's levels. This move down will also be felt in other cryptocurrencies, such as Dogecoin. --- How to understand price action. It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the...

mastercharts

A lot has been said about various cryptocurrencies of late. Some people think that this DEFI thing is the new bees knees. I think nothing can be further from the truth! Some “crapcoins” will completely collapse and disintegrate. As many of you know, I completely ignore the news when making trading decisions. My ideas are based on purely technical picture. But if...

mastercharts Updated 

Note the Red support-resistance line is now being tested from below. Should the price close below the Red line, it would be a signal for short-sellers to step in. We could see another 50% down from today's levels for the #DogeCoin

mastercharts

Note the exact points of contact with the Blue line proved to be excellent entry points. More upside, what do you think?

mastercharts

This is why I prefer to open many small positions - you never know which one will be successful! --- How to understand price action. It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand. You can also think of these indicators as...

mastercharts

$1690 is critical for gold to hold. Should it close below that level (marked by the Red Indicator line), we will think of shorting gold. --- How to understand price action. It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand. You...

mastercharts

Note the close above the Blue line? This is all we need to make a trading decisoin. It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand. MasterChartsTrading Price Action Indicators show good price levels to enter or exit a trade....

mastercharts

Notice the Up arrows. Actual alerts were sent to subscribers. It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand. MasterChartsTrading Price Action Indicators show good price levels to enter or exit a trade. The Blue indicator line...

mastercharts

Note the up arrows. Alerts were sent to subscribers. It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand. MasterChartsTrading Price Action Indicators show good price levels to enter or exit a trade. The Blue indicator line serves...

mastercharts

It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand. MasterChartsTrading Price Action Indicators show good price levels to enter or exit a trade. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes...