Hello everyone! I hope you're well. Before we start, I want to make a quick intro again, I've changed my username to CyberStocks. I'm trying to take my tradingview account more seriously because I plan on building a brand and online business in the near future. I would like to inform my viewers before starting and cause unnecessary confusion.
Alright now that's...
Levels on watch for $BABA. Looking for it to make a weak recovery attempt to around ~$177.50 before failing and heading back to support around $165.50.
I am noticing the 4 Hour and Daily chart, that there is enough resistance for USDJPY to short. Please give this time in the next couple hours or days to reach at least a take profit 111.000-111.2 for the sell short.
Forming head and shoulders pattern which I believe is very likely looking at 4h chart.
Indicators like MACD (-6.183) turned negative after false break out and I believe we need to go lower at least in short term perspective.
RSI was highly overbought and now also normalizing currently at 67.52.
Also drove FIB retracements and if you look at it, we need to...
Disclaimer: I just returned from my good friends birthday party and am well above the legal limit.
I have been drinking and my analysis should be taken with a grain of salt. Long story short - resistance at $6,725 has failed to push the price below $6,390 and we are primed for another $750 - $1,000 pump.
Short story long, there is a lot of resistance built up...
Current Outlook
1-2 weeks: neutral-bullish
2 weeks - 12 months: bearish
1-2+ years: Super bullish
Yesterday we went over the reasons why I changed my short term outlook to neutral/bullish for the next 1-2 weeks and today we will narrow in on how far this bounce can go. The last 4 hour candle challenged the resistance cluster at $6,724 and appears...
Yesterday we looked at the tweezer bottom on the weekly chart and I expected that to provide the support needed to break through the downtrend line that started on 5/5. We did end up breaking the trend line and now I expect a sustained rally for the next 1-2 weeks.
We have a bullish crossover on the 12 & 26 period EMA’s for the following time periods: 1h,...
Yesterday we identified a bear flag (red triangle) and adjusted the stop losses based on Bill Williams Fractals from the daily chart. The flag failed to confirm with a breakdown below $5,776. Instead we got a double bottom that led to my stops being triggered on BTC:USD and ETH:USD.
Yesterday was a great example of why I have been saying that shorting...
Over the past couple days we have been examining the short selling volume as it relates to the price of Bitcoin. I noted that the shorts had fallen off drastically while the price had remained flat/fallen slightly. That told me that the only buyers above $5,900 were short sellers taking profit or getting liquidated.
On day 122 I wrote:
“I am expecting the...
Yesterday we took a look at the short sellers on Bitfinex in relation to the price of Bitcoin. I noted that the shorts had fallen drastically while the price of BTC remained flat. That told me that the only buyers at this level are short sellers who are covering or getting liquidated.
I predicted the shorts to continue to fall to 22,765 before a sharp reversal....
Yesterday I added to my short position after the hanging man candle on the 4 hour combined with the bearish crossover on the 12 and 26 period EMA’s on the hourly. I have been expecting the breakdown of $5,900 support since last Saturday and am viewing this current bounce as the final short squeeze before the sell off.
The amount of shorts has fallen...
Yesterday we looked at the weekly candle as it was getting ready to close and noted that there was still plenty of room left on the downside. One of the most common problems I see with inexperienced traders is the unwillingness to bet on the trend.
A common perception that I am seeing is that the price has already fallen too far to justify the risk:reward of a...
