This is an update for my markov analysis of BTCUSD (2 updates preceeded this which are linked as related ideas and describe the concept and methodology). I will keep this one simple and you can refer to the previous ideas for details. BTC has been following this pretty nicely and any anomalous leaps over 1 transition state in a truncated period have been punished...
New Method I developed and want to test, so this is more of an experiment. General idea is that while a name consolidates it will follow a continuous-time Markov chain (CTMC), and the next state will be determined by the probabilities of a stochastic matrix. - let a section here be a single diamond and a state be a neighborhood of 4 diamonds. The diamonds are...
Hello beautiful people, Opportunity has presented itself; BBU.UN rose back above it's 50% retracement from the March 2020 low to the November 2021 high (around the $30.00 level) Entry @ 30.00; stop limit set @ 25.75; profit target $39-$40; Approx. 2:1 reward to risk; risking 1% of total portfolio Friendly remembering: Money flows freely and abundantly;...
Hello beautiful people, Back with another opportunity. Looking for an upside move approx. the 50% mark ($1.05); stop loss set for 0.44 (stock has not gone lower than $0.51 in its history); Reward : Risk is about 2-2.5:1; look to take profit around $1. Friendly remembering: Embrace the discomfort of failure; this opportunity has presented itself and could go...
These violent delights have violent ends, no doubt... but for now... How bout a magick trick: +8k by the weekend Target flash spike level, straight up through the yellow horizontal level where supply = demand
This chart is more involved but if you want to know why this will work do the following: - Draw trendlines across each successive high, this is the creek (I did these is light blue): it needs to jump the most recent resistance to move higher and once it does these can act as support - INVERT the chart (alt+I) and do likewise across the successive highs (really...
If looking at this chart at a glance hurts your brain, no worries I will summarize for you below (I need these lines personally to make swing trade decisions but the concept is pretty simple). I am just using "1-5" rather than "I -V" but it is a smaller wave nothing major. Enough to tell us map of near-term price action going into FOMC): Bearish wave 3 was in at...
Even without chart pattern indicating bounce from here I am a Buyer of shares and mid term calls at this level. Could be a bullish AB==CD with slightly inflated ratios. I realize the general ratios for these are 0.618|1.618 but I have performed backtests on this pattern in general and there is some wiggle room around these, COIN fits the bill here with the ratios...
the buy and sell indicators at the bottom are divergent, and in this market being a new crypto may crater to 10-11dolla. level as we hustle and bustle! im new and studying everyday! /cheers!
... Gyarados. Target 550 I have to type more than the above to publish this....
Hello beautiful humans, A 50% retracement presented itself for ARR at the 11.47 level (entry). Managing risk by risking 1% of the account size (eg. account size: $1000; risk of 1%: $10) Placing stop loss / stop limit loss at 10.64 (exit); just below the 61.8% retracement. Looking for the price to bounce off the 50% retracement level (entry), and head on up to...
Hello beautiful humans, A 50% retracement presented itself for WELL at the 4.75 level (entry). Ensure we close above the 4.75 level to provide confirmation. Managing risk by risking 1% of the account size (eg. account size: $1000; risk of 1%: $10); may need to adjust this depending on commission costs of trading broker. Placing stop loss / stop limit loss at...
ADA has been in a long downwards consolation period and has seem significant draw dows. ADA. Imo. Ks greatly under valued. Below $1.00. The money flow is moving down putting further sell pressure om the short term market. However. The tren is exhausted with normally indicates a reversal, althought lqgging and waiting for tne money flow to catch up. ADA' s...
Hello beautiful humans, Found a 50% retracement level for Corus Entertainment at a price of 4.88; from the low on December 17, 2021 at a price of 4.34, to the high on January 14, 2022 at a price of 5.42. Why a 50% retracement one may ask; a great question that I won't pretend to explain, however, using an Ichimoku cloud has a tendency to indicate a 50%...
When I choose a side to trade I take a rather unconventional approach in theory - I trade on the side with the most sophisticated algos driving the market. We don't have access to those algos but we can track their "thumbprints." Check out why I'm personally bullish for the coming weeks: At the 15 minute interval we have wyckoff accumulation as the general...
Based off stochastic RSI and price bouncing off support, expecting a big run today as soon as 2 things happen: 1) price breaks above yellow EMA 33,55 band at the 45 min interval 2) impulse BF turns green Both of these are on the verge of occurring as we speak. The target is straight through the intersection point 3 of the 3 lines: the grey lines are near term...
Bullish if it respects the flag. Bearish if it breaks below red and then tests it to find resistance. The next support will be the dotted blue downtrend line. We can see on the 4H chart a decision point is coming today. Based on the rsi/stochastic higher likelihood of playing out bullish with continuation to 4700s in the coming weeks. From past Fed meetings it’s...
Initial Target by Apr 14 = 99 Target Range by 5/20/2022 = 108-116 Upcoming earnings as a catalyst. Bullish Momentum for pre-earnings run up. Kept the chart simple but a lot of bullish aspects at play here, to name a few: - ready for markup coming off an accumulation phase - completes wave 5 correction apprx. .786 off the highs last June - if you look at the...