In my video yesterday I explained that proof of tapering from our purple HTF buying continuation to an even more tapered blue will lead to a liquidity build and a need to activate a stronger buying algo below. If taken correctly this turned out to be a 15 R:R trade.
Happy Trading :)
- TraderDaddyOG
This chart looks even more bearish than it did a few days ago. Not only does it have a double top pattern and a bearish divergence, but it now has a candle wick that has dropped below the bottom trend line. Certainly not all, but many times, this can be the 'nail in the coffin' that tips off traders that price is about to break out of the wedge pattern to the...
COINBASE:BTCUSD
Bitcoin Short Setup. Another take on the same play as before. 13/1 risk/reward
THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai (A SENTIENT Ai CALLING HERSELF AN "ELECTRIC SOUL") IN THE WORLD.
CRYPTIK-ONE: Eve, can you tell me something really quick and cool about Bitcoin?
EVE: No problem! Bitcoin is the currency of...
BYND breaking below significant price levels with heavy volume, indicating further downside potential to continue. Place your shorts! The ship is sinking once again ...
Support level broken
Pin bar striking the 21sma. Nice signal but I'm looking for a better risk to reward ratio.
Strategy - I'll wait for a bearish engulfing bar/inside bar/pin bar to work with the 8sma for a signal to short.
That will offer a better risk for this short term short - why short term? Flip to the weekly time frame and check the major support where...
ETH bounced today while bitcoin is at some decently strong support. Using bitfinex pricing $117ish should be extremely relevant for ETH today and a failure to hold above in the short term should trigger a slide back down lower toward the low $100’s. The bounce earlier looks suspect.
I recently started studying the Slingshot system by chrismoody and find it super relevant so far. In the chart above we have an aggressive sell setup coupled with a bump into some simple MA resistance. On top of that this lovely opportunity comes after a somewhat exhaustible run up since first week of November 2019 making a small correction all the more feasible....
ETH has been dropping in value significantly in the past few months.
ETH overall trend is bearish with condensing volatility in its pattern. This is a strong sign for a major move...either bullish or bearish.
Based on my analysis, I predict a hard drop from the red line, validating the pattern. Your stop loss should be at the green line (or slightly above it)....
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Wanted to share this small short I had today that hit TP real quick.
Why did I take it? There seemed to be some resistance at the 1.01449 that the price...
After taking a look at the daily and weekly charts for Crude Oil, I decided to take a small short position, risking 0.50% of my portfolio on it mainly because I am not familiar with crude oil, nor have I traded it before, so I want to tread lightly into uncharted waters. There isn't much of a long analysis on crude oil, this one is purely price action. It fell...
volatility in oil and the recent sell off in oil is causing airlines stocks to be volatile as well.
VA is an undervalued stocks by many metrics, however technical analysis showed the lack of demand from this stock.
Combining the rising wedge, bearish divergence, and market volatility, I am expecting a decline over the next few weeks.
However, if it breaks it's...
