2Legit

2Legit

This is rare thing to see. Oil prices have been under pressure as the countries try to stop the virus while fuel demand evaporates. This is a perfect storm of economics and world wide events leading to this event. What happens when you have an asset drop 99%... The volume is out the roof! I will be leaving the chart without any patterns, or indicators i think the...

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I am entering a short with a fairly tight stop. There is a liquidity crisus and people will be selling assets for cash flow. All the free money printing will fade and at the end of day people have to pay bills. Ill keep the trade updated

2Legit

I entered a short this past week and deciding on if my original targets are worth the time to hold on my short. I have moved my SL into Profit and will continue to stay close! I am a bit suprised with the US market having this much of a bounce while printing money. I am at a loss why people dont understand the ramifications of the FED's reactions to the current...

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It seems this resistance area is still holding well. However the smaller wedge broke down but there was no follow through with the lack of volume. The larger wedge seems to be holding but coming down to retest the trend line of it on the bottom of the wedge. If you look we are still below the

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So i have gone back and forth on a couple time frames and if you look at the daily candles with line instead of candles you can get a decent downwards trend line hitting this exact resistance area and it is looking more like an ascending wedge now more so then a bear flag/pennant. Right now in the pattern it is about 60% to the downside and 40% to break up to the...

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So if you look at candle body closes or lines instead of candles you can see we have been getting rejected in this resistance area above to 7300. We have an ascending triangle on some lower time frames which yes is bullish but i feel personally at this point to side with caution with the current state of the world economics. Please leave any of your thoughts. I am...

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It is clear we are following very closely to the DOW. However i am still conflicted with the idea that Bitcoin is a mature market and ready to be the true hedge in a financial crisis. I will be looking to see of we have buyers exhaustion from 7400-7800 area. I have put candles to line charting to ignore wicks for a more clear picture of what is happening which i...

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We have declining volume but rising price action. I am watching eth closely to make a long term trade going long! Try to ignore the wicks and check the line chart instead of candle sticks. Please be safe i will be pushing my ETH ideas and trades as well as BTC

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Okay so we are in an interesting area. Volume dropping, open interest down and we have price action increasing. We tested the resistance area and failed and today we are retesting and currently broke through but we have 3 hour roughly to evaluate the daily candle close. Lets keep an eye on this. Low leverage, Risk management, and planning your trade including...

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CME closed around 5900 if we retest the red box area and get rejected it looks like we will be testing the 200 or a little lower!

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Looks like we have a move up with a slight retrace down. We have some more room to drop and retest the nearest confluence line of support created from the Fib Retraces. I cant seem to get any volume indicators working atm.

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BTC made a parabolic move and now we are seeing 3 lower highs and currently have 2 lower lows. We just got rejected at 11k and are failing to retest the 10k to 10100 area. If you look the alt coins have already retraced to the 618 fib from the top already. BTC is in an area when it needs to find support and make a new wedge to the other direction or we continue...

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Bulls seem to be taking a break while we see this consolidation. I still believe we may see some new highs soon. Watching this very closely! Awaiting volume after speculators call the quits!

2Legit

When markets turn into a bullish direction especially in a bear market traders and investors "fomo" into the buying bringing momentum and strength into a move. We have been in an accumulation zone since about February. Im looking for a pull back which we did get but still waiting for a larger more healthy correction to continue this bullish move and really test...

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I find this interesting to look at here and there. It can only be used on the daily candle because of the data being done once daily. You will need to use BLX as the asset with 1 day candle time frames. You will find it has a great correlation with highs and lows. This is not to be used for trading indicators but as a reference. You can also take a look at google...

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We have been completely respecting the fib 6.18 lately. I see there is a potential bull flag here but i am hesitant to jump on the moon ship just yet. The volume has been decent the past few days compared to prior action which shows a much more bullish scenario then bearish. We are in a 14 month bear market now with still no higher highs. We are clearly showing a...

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Its hard to ignore this whole last year and how the price is playing out. Maybe we have just been watching the micro so closely we have ignore the bigger picture. The fibs in the most recent price action are beautiful. If you draw your fibs and s/r levels to get confluence areas you will see how they have been respected to the T lately. This idea of a giant wedge...

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Well here we are again another drop another day. As you can see if youy look the 200 day ema keeps moving along putting downwards pressure on the price. You can see that we just continue to make wedges make a failed bull break up then break down right after 3 times in a row since the failed inverted head and shoulders. There was however a lot of buying volume...