CMSTrading

CMSTrading

This weeks candle close marked a month of rejection wicks @ weekly zone and 20 day EMA with all bearish closes. Price in a descending channel, tested and rejected at the top trend line twice. Price had found an uptrend line and a support floor on the 4h chart, both of which have been broken with a bb break to the downside and a second candle rejecting back...

CMSTrading Updated 

(Extension of previous trade) - Back in, still short term bearish on total market as price is very over extended and beginning to lose momentum. We had another 1 hour candle here to engulf the previous fake out therefore invalidating the previous fake out since it got rejected and held to the downside * Using this trade as a short term hedge to my other long position

CMSTrading Updated 

Total market: - Bulls held up total market on weekly chart, looking to see a bullish reversal for the upcoming week Daily: - Price currently at strong daily support, bulls coming back into the market 4H: - Had strong push and close above both MAs 1H: - formed flag down to the 0.5 fib level which has been respected. Broke out of downtrend line with strong bb...

CMSTrading Updated 

Total market & BTC: - still has more upside to take out before a significant reversal 2D: - ADA currently making its way up for a retest of weekly liquidity zone and 2 day EMA. Once this happens, I will be reversing and going short 4H: - currently bouncing at support and trend line after completing reversal pattern 1H: - bulls coming into the market, price broke...

CMSTrading Updated 

Total market: - BTC at daily resistance, bulls losing momentum. Price has broke triangle on 15 min chart to the down side Daily: - Price getting rejected at 20 day EMA & previous structural level 4H: - Had bearish divergence, price could not break resistance level 1H: - Price broke uptrend line, retested and has rejected and making move lower 15 min: (entry) -...

CMSTrading Updated 

Total Market: - selling off to downside, BTC did not bounce at 0.618 fib level proving buyers are not stepping in Daily: - Price breaking through long term support level with BB break. Bears in control of momentum 4H: - Same as Daily. Break lows across the board Trade Management: - I will be looking to scale in to position more on pull backs. This is an A+ but...

CMSTrading Updated 

Daily: - price currently testing daily zone 4H: - retraced to 0.382 fib level and 4h resistance, wicked showing weakness on previous close. Price also flat line overextended on stoch and at top ma of bollinger band 1H: - broke uptrend structure with bearish divergence 15 min: - broke short term support back into prevoius area, retested, had bearish engulfing...

CMSTrading Updated 

Daily: - Price tested daily resistance zone, daily MA's and 50% fib level and is getting rejected with wick to the upside. 4H: - Price overextended on fib, feeling bears defending 40k level 1H: - Price rolled over, broke short term uptrend line, retested and is now looking to move lower * BTC still needs to find support at 30k level before this recent bear market...

CMSTrading Updated 

Total Market: - Falling back during consolidation, expecting another retest of support Daily: - Broke below daily support 4H: - broke below support, retested and turned resistance, got rejected @ 20 EMA & formed a bearish engulfing candle close. Current 4H candle currently rejecting higher with wick 1H: - Had Bearish engulfing breaking out of short term uptrend...

CMSTrading Updated 

Total Market: - Over extended, weak 4h and 1h close showing bears defending. Looks like we are going to see some chop consolidation, so expecting a short term pull back to downside Weekly: - Beneath weekly zone and 20 Ema that has continued to act as resistance, currently testing that area 4H: - Currently testing 4H resistance zone, price is very over extended...

CMSTrading Updated 

Total market: - Bounced at support, expecting more exhaustion to upside due to overextended market Daily: - tested daily support at local low 4H: - tested support, buyers stepped in and pushed price up forming current hammer candle with wick 1H: (entry) - Strong bullish candle to start hour, stoch flipping bullish on MA cross indicating bulls stepping into market...

CMSTrading Updated 

Total market: - still bearish. not the best entry spot as index as found support, but price continues to bleed down. Daily: - breaking under s/r level, bears in control of momentum, daily rejection wick higher 4H: - next 4h candle close expected to be a BB break through support floor 1h: (entry) - strong bearish candle close w/ bb break thru support - that was my...

CMSTrading Updated 

Total market: - under-extended, price on index indicating a reversal to upside may be near Daily: - SOL has played out a double bottom on the daily chart recieving a wick on the current daily candle indicating bulls stepping in defending support zone 4H: - Bullish divergence on STOCH on 4h chart 1H: - Price broke above both the 20 EMA and 50 MA 15 min (entry): -...

CMSTrading

Price broke descending wedge with strong 4h candle. Broke our local 4h resistance zone and above MAs as well. Had BB Breakout, price looking strong. Need 4h close above zone to confirm

CMSTrading

We are currently seeing this slanted "W" type of formation in a long term uptrend, a pattern we are seeing across the market right now. WIN has formed a beautiful head and shoulders pattern, but are battling a highly respected daily zone. We will need a break of this pattern and our daily zone as confirmation for entry - Notes: - this will probably break...

CMSTrading

This thing has been inactive for far too long! Thanks gary gensler! Nah, but on a serious note: price has been respecting fib levels and we can see a nice larger timeframe cup and handle formation with a recent head and shoulders that I marked on the chart. Want to see a 2 day candle close (high volume / bb breakout) past this 0.5 fib level that price has been...

CMSTrading

This is as good as it gets fellas! MAJOR move incoming after a break of this flag. NFT projects have been pumping recently, esp. this one, expecting a rip thru this consolidation flag and a move the the 3.618 fib level with little drawdown in between - note: flag could break downwards and form a channel, that is the only other option I see with this coin. I will...

CMSTrading

ONE has been extremely bullish lately, pushing higher highs every few days. We have a triangular flag that is testing a breakout currently. Take profit @ 1.618 fib