BTC - Symm triangle / Trading range accumulation.. Whats next..
Spotted an inverse H&S on the 4hr chart. Quick video for today.
I rethought some of the support, and displayed it in this video. Will also post the trading idea so it can be tracked.
So it's been awhile since I put out my last video, but i've been super freakin busy. But that being said, I've still been following the bitcoin market and it actually did what I thought it would do. Now, it didn't give us the 2618 trade setup that I was looking for, but it did rally. And now... I think it's setting up for another move up.
While I am personally trading the SPY due to it's great stock and options liquidity there have been a number of great bullish signals being through in multiple index and futures markets. Today I focus on the NASDAQ 100 futures and point out a nice inside bar/2 bar reversal pattern that as already broken out to the upside as well as an inside bar/ false break...
I love the log scale, but have to remind myself to switch out of it time to time when identifying diagonal supports. This is one of those times. I was pretty disappointed to see price action ignore my support that I hoped would stay strong, and it blew right past it. After switching away from log scale, I realized that there was reason to believe this is the...
The USDJPY sold off overnight with a somewhat aggressive recovery by the bulls. While the bulls have recovered a lot of ground it does not look like enough to convince we to be a buyer. I will be watching for 2 tradeable outcomes 1)there is another false break lower with another sharp recovery (perhaps a double bottom pattern) in which case I would consider...
Bitcoin has been forming a bearish pennant pattern since early 2018. When looking at the pennant we generally make our bias whatever price was doing going into the start of the pattern. In this case the pennant began shortly after a very strong selloff in bitcoin that saw 50% of it's value disappear. That would make this pennant bearishly biased and we would be...
Info in video- I expect to see a continued large pennant pattern.
The patience, discipline and accurate technical analysis has finally paid off in a big way. For those of you who were on the right side of the market with me, congratulations. After more than a week of consolidating and multiple bearish signals on the hourly, daily and weekly charts, price has finally broken out of it's range in a very bullish manner. Some of...
The markets have taken a bit of a breather over the last week or so. This type of price consolidation is common after a strong move and can provide good opportunities to get into the market for the next leg. In this case we have price still consolidating but starting to hug the upper range of the consolidation area. A potential entry is on the breakout of the...
In this video I discuss key support levels where selling short options for both premium as well as direction(if price bounces higher off of key support) can provide a highly probably and profitable trade setup. There is far more to options that I can fit in a 10 minute video but if you are unfamiliar with them I encourage you to research options. They can add...
Last week we saw an inside bar pattern form on the ES. There was a false break out of this inside pattern. Price pulled back in and continued to consolidate. Going into the Monday morning trading session it looks like we will have a gap up and may finally see that upside breakout to start the next leg up.
In this video I cover a few of the price action patterns that formed last week which became quality trade setups themselves. I also take a look at the most current price action and what it is telling me about where the market may be heading this coming week. I only cover a handful of the patterns as there are many other patterns at play such as rising triangles...
As predicted in my analysis last week, Ethereum has begun blasting off. Prudent traders were watching the bullish flag pattern that had form and watching for a breakout of the upper channel of the flag. Due to the very large size of this pattern we could see quite a large rally in the days, weeks and even months ahead. If this is a pattern you are trading or...
In this video I provide a follow up analysis to the daily bearish pin bar setup that formed yesterday and look at some bullish patterns forming on the hourly. Because we are still in a bearish trend on the daily, but have bullish signals on the hourly, this is the time to remain neutral until the markets give clear direction Overnight the bearish pin bar setup...
There is a fantastic, high quality flag pattern that has formed in Ethereum. I just posted a video about the morning star and pinbar bullish setups in the daily candles and now we can see a strong bullish flag pattern in the hourly chart. This is creating a confluence of signals that all are pointing to a bullish breakout. If the breakout occurs it could set up...