Please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. First off, for buying Macy's as a stock right now prior to the earnings call, there is no way I am doing that (even if it goes up). Given the dramatic hit that retail took, the earnings call is expected to not be so positive and the risk is too high....
Trend line break out + retest confluencing with the 78.2% fib retracement.
Ltc has been trending down for some time. It has reached a consolidation phase. I'm only looking for longs out of this range. If it continues down I will be patient and wait for a change in market structure before entering a long position. Looking forward to hearing from you and your ideas. Please give this a like and follow me for more market analysis.
As we can see, we don't have a really clear entry yet, but anyway we will wait for it! if this wedge decides to break for downside we will wait the retest in the demand zone to make the best entry, the same in the topside so be focused and put some alarms in the both possibilities
On the weekly timeframe we close last week with a lot of sellers exhaustion off of our key level of support. The daily timeframe has turned bullish leading us to look for buying opportunities. The H1 timeframe has cleanly broken structure and we will be looking to continue this trend
On the H4 timeframe we broke above the 200 day moving averages. Which is our last line of defense. On the daily we have a lot of room before we reach our next key level of structure. I am expecting price to continue to rise based on currently structure. Let’s bump down to a lower timeframe to see if we can recognize any setups. On the H1 timeframe I am seeing a...
Is Bitcoin entering accumulation zone? Who knows? Please support my post if you find it informative. Thanks, I shared a post long time ago (see ) to compare this cycle with 2013-2015 as everybody does! But mine was different and nobody paid much attention to it, however, as time passes it proves itself day by day. I am following the same idea with slight updates...
GOOD DAY TRADERS, GOOD DAY! SOME VOLATILITY AT ITS FINEST. Please let me know in the comment section below if you have any questions, tips or suggestions! -CO
We got to a interesting point where longs are pretty high while touching the previous high point. MACD is starting to lose momentum. RSI needs some rest as well. This could be the end of the first high. The next days will define if we will continue to go north or back south. Any way, it would be good if we get now into an accumulation zone where the 55 EMA could...
FX:USDCAD Positive correlation with the DXY, smart money sold price down to buy better long positions to clear retail resistance liquidity, smart money needs to mitigate out of their shorts before price can continue to move up.
Ever since Bitcoin hit the 6,900 price area, we have been seeing a continuos bullish market momentum following our ascending trend line on the 4H time frame. Recently we achieved the psychological resistance level of 9,000, where the buyers seemed to have had their stop losses set, therefore, bitcoin unfortunately failed to break through. So with that being said, ...
I previously commented on someone else's charts that a large player was selling BTC to buy longs and would settle or close them as the market rose. This chart shows that playing out to a T. I am curious whether they are closing or settling. Based on the way BTCUSDLONGS dribbles off between large moves, I think they are probably closing as a market-maker....
Hello Traders! Today’s chart update will be on the S&P 500 Index which has clearly broken it’s all time high and now is currently in a blue sky breakout. Points to consider, - Overall trend bullish - Key resistance broken - 200 MA is support - Stochastics in upper regions - RSI trading in overbought The S&P 500 chart is has been extremely bullish by...
BTC LONGS has reached 100% in 1 month and ATH. What needs to expect from all this growth. Will bigger players kill them all?
Seems like big players on Bitfinex accumulated they longs when price of BTC dropped last weeks. Interestingo obserwation, new ATH on longs chart
I mapped out Bitfinex longs to coincide with my other chart with blue ring for a major move.. I think when longs reach the purple or white ring that's when the liquidation begins!
Mr. Pips has been watching the BTCLongs and BTCShorts and is noticing some issues. BTC Longs are nearing an all-time high and shorts are what most would consider extremely low. Even the Longs are stacked the price has only slightly increased. If you've been following BTC for some time then you are sure to have noticed that the Whales love to squeeze positions...