chrisdunntv

chrisdunntv

It started with FOMO (fear of missing out) buying when everyone had "we buy gold" signs in their windows. Once the buying faded, Gold shills like Peter Schiff had an "oh shit" moment once gold broke key support at $1,550, which was the signal of a change of the long-term trend. Gold's been in a consistent slow downtrend since 2013. Even though it's bearish,...

chrisdunntv

Over the past couple of weeks I've been telling my students to watch out for a breakout and short squeeze above $250. So, I sent trade alerts to BTA members showing that I started scaling in around $245 in anticipating of $250 breaking, then closed the position once price went parabolic into $265. Right now Bitcoin is pulling back, and I'm still bullish as long...

chrisdunntv

A lot of people are speculating if this is the start of a bear market, or just another pullback in the larger bull trend. Instead of anticipating, I think it's best to let the charts speak to us on this one...

chrisdunntv

1. Per my email, Inverse H&S lead to a breakout of $235. 2. Targets for this move are 61% extension at $246, and 100% extension at $262 (which is also prior resistance

chrisdunntv

Have been preparing my traders for a breakout. Scaled into a long position over the past couple of days, and did my final adds on the news that the first Bitcoin ETF is approved. This is a nice catalyst to combine with the technical pattern we've been watching.

chrisdunntv

Looks like we could get a retest of $225 soon. There have been a lot of exchange hacks lately and heavy selling (probably from hackers). I'm not a huge fan of shorting mid-range, just showing where it could pop to.

chrisdunntv

Like many people, I've been looking for a bounce play in oil, but given the amount of government manipulation, I haven't been over aggressive. We got a Friday afternoon pop of over 7% on relatively low volume to retest $48 resistance. This was probably a short squeeze after a full 10 trading days of lower highs. In other words, a lot of people covered their...

chrisdunntv

Technical: Snapped trendline after having an unsustainable run above $300. Fundamental: Oh no! NY said Coinbase isn't actually licensed as an exchange! ... Who cares? Let's not forget that big VC's and the NYSE just pumped over $100M into the company! Investment and innovation will trump BS regulation any day. My plan of action: Currently flat. ...

chrisdunntv

I alerted my students and Twitter followers to my first buy at $188, then another buy around $220 for the breakout up to $304.

chrisdunntv

Get trade alerts & learn my strategy at dunn.ly The market put in a picture-perfect inverse head-and-shoulders pattern over the past 2 weeks, which lead to 4 beautiful long setups over the past few days, and I just closed part of my long position at $393 (holding 2/3 for parabolic moves.

chrisdunntv

The market's had a nice recovery since my buy around $288. The market has pulled back after going over/under ~$400. Right now I'm not super-excited about longs or shorts, but watching to see what happens in between $375-$390. If the downward channel breaks, we could see a "popped stop run" to retest $410, but another possibility is a snap of $375 for a...

chrisdunntv

Click here to see the video & full post - www.dailytradingprofits.com Click here to register for my trading webinar - dunn.ly

chrisdunntv

As I mentioned in this post, dunn.ly Looking to see if the strong dollar causes another panic in Gold to get price around $1,000 an ounce. If so, I'll probably start to accumulate more for long-term hold. This isn't a speculative trade, rather a hedge against inflation.

chrisdunntv

Here's my blog post for October market forecast - www.chrisdunn.com Currently watching $345-$400 to see how the market reacts to this major key support zone. I think many weak longs are already out of the market, so I would expect to see bulls able to hold this level for a while unless something crazy happens. I think the $300-$400 price range is a good...

chrisdunntv

I didn't catch this, but it's a beautiful breakdown setup...

chrisdunntv

Click here for the full video and report: dunn.ly Today I caught a beautiful short on the e-mini S&P 500. While most investors were panicking, my trading students and I were cleaning up shorting the e-mini futures in our trading room. The idea was shorting the secondary move after the 20 point gap down before regular market open. You can't see it on the...

chrisdunntv

Per my live tweet and trade alert to my trading students on Thursday (twitter.com), I shorted at ~$609. Volume is lighter on the crash than I wanted to see, so I'm locking in some profits down around $590, but still trailing/holding stops looking for another panic down to ~$565.

chrisdunntv

Check out the full post here - www.dailytradingprofits.com I think Bitcoin is poised for another decent sized pop. After confirming $560's as strong support, sellers have been holding price below $650's for a while. This is classic consolidation with higher lows and lower highs. ANY major news event could squeeze shorts or cause longs to panic. So, as of...