Carving out the longest sideways range since finding a bottom at the end of March. Sets the stage nicely for a busy earnings week.
Given the volatility of the past few weeks you might imagine this uncertainty to continue, our current thinking is that ETH will be ranging between $170-190 for the next couple of weeks until early/mid May (Bitcoin's Third Halving). There may not be an immediate explosion there after, it may take some time to build momentum, but ETH, along with a host of...
ROKU is putting in lower highs in this chop. But we're nearing a swing setup as we draw closer to $126.71. resistance We'll clean these lines up a bit over the weekend. The first level up that I care about is 136.81, followed by 139.43 area. I think, if we open bullish but don't have news, we'll struggle with $141.05 if we can even get to that level today. ...
Yesterdays move was bold and quite a bit more powerful than expected. Take a moment to review my chart from yesterday, this boxed in area we're currently creeping into should pose a challenge. resistance We have an unconfirmed trend-line to keep an eye on, I've used a dotted line to signify that this trend does not have 3 touches, so it is not...
Let's start by looking at the weekly chart on the right. I drew a red line that I believe marks a 3 year supply line for TSLA. That is, we cannot close above that level on the weekly. I also drew four boxes where TSLA chopped around just below this supply level in the past. So, Elon had his ER pump that shot price to the moon. Then he released his Cybertruck and...
Prior to ER bulls were gaining a footing with a higher low on the daily chart. ER slammed price into the supply zone which promptly smacked price down (The supply zone is outlined in white). Its hard to determine what the likely price direction is after a catalyst so I'll provide some thoughts for both the bulls and bears. Bears, I'd wait for multiple closes...
Watching H1 range for know next move, a break of this range will mean a continuation. My indicator catched good moves/scalps and now flat. This chop could go for another 1 or 2 days, alts will have a chance of more upward. Anyway about btc next direction, more down than up for me. Enjoy
Trapped inside this little zone for the next 10 days or so is what I'm expecting. Trendline dates back from our ~3400 days, respecting it pretty damn well. Now this little bit of downside is riding a new line, and now forming this zone that I'm expecting to stay in for around the next 10 days. Chop chop chop. Watch for F U wicks. Big decision March 21st area. Not...
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1...
I find this PA so boring. Will scalp on low time frame. The 6500 range is still holding pretty well so I'm a little more bullish than bearish but this volume is worrying me. If we fail to defend 65 I think we'll drop to at least 6350. If not we will retest the high range above 6700 Next possible scalp set up on the next chart
In my opinion, the area between 7800-7250 is a chop zone. There appear to be events on the market which cause these huge dumps and subsequent pumps. Tinfoil hat time, but someone (or something, ooooo) is accumulating a lot of BTC. That being said, trading in this range is essentially a gamble in my opinion. For now, I am staying flat and waiting to see what the...
I have seen a few charts floating around twitter similar to mine. The latest BTC chop, without any horizontal resistance, would be impossible to trade. Looking at the 3 rectangles I have drawn, you can see that the middle rectangle (blue) is a bear/bull line. We just did a solid bounce/retest off of the bottom of the lower box. I opened a heavy long (50x lol) at...
Estimation of potential Elliott 5-wave + ABC correction. 5-point move up followed by 3-point move down. "A" should line up with "3" and "C" should line up with "5" Alternate move: Elliott wave does not complete, sideways consolidation action occurs instead, great swingtrading potential within the 43% sideways channel
Up until now Bitcoin was still consolidating in a wide range of $680-630 in the ascending triangle and did not rally as I expected after the halving day yet to retest $750-790 area. One thing you can learn from Bitcoin's behavior over the years is that it ALWAYS retests the previous high a second time. Also Bitcoin LOVES to bounce within triangles. Currently we...