JaxelCap

JaxelCap

I know I know.... A side note my strategy says short simply because when usdt.d rockets I am short everything else... If you are a perma bull, you hate ne and will argue against all of this and for that I say ok! For perma bulls, Look I get it nothing is set and stone and patterns fail all the time, so who knows maybe I am wrong... I will say this, the inverse...

JaxelCap

I do not usually use the 150 ema but I set this up and notice when the 200 and 150 ema on the 4hr cross it seems more times than not price will come down and test touch it. -Volume profile in this area is easy to see violent moves down and up -Bottom indicator is showing 200 ema price deviation How I am playing this: I have laid out my plan this is...

JaxelCap

I want to start by saying, no trader is always right! Good Traders welcome when they are wrong to learn and improve, a good trader does not hold a bias or emotion when reality changes..... With that being said I have attached my previous analysis of Eth where I expected it to overtake dominance, however crypto as a whole would still fall, So far the merge has...

JaxelCap

There are multiple scenarios to Consider All horizontal lines color coded to the scenario: Scenario 1: Red lines: - Is the Weekly close is above 1689.2 (20 week moving avg.) - It would likely continue to the 200 Daily MA , 2085.4 - If it breaks the 200 daily MA, next stop is likely the Anchor Vwap from Pandemic Low, Green moving line ...

JaxelCap

Ladies and Fellers I believe crypto is doomed in total from a macro level ! While the total market cap falls, I believe the Eth merge will create an interesting scenario that will have Eth overtake BTC in Dominance... So, what does that look like? 2 Scenarios : Scenario 1: Eth will likely continue up in price while BTC falls in price.... remember total...

JaxelCap

SO what is it? In the last 30 year we have only been below the 20 month moving avg. for more than 3 consecutive months 3 times(Monthly open and Monthly Close) A few things are apparent if you look at history, we have clearly been building to a mega bubble when you consider the lifetime of the S&P 500 . We slowly climbed out of the depression and as you can see...

JaxelCap

Daily looking like a H&S to start the big dump! I am not going to give a target but I am feeling 350.. Yes I said it... don't trade off my ideas though!

JaxelCap

Rather than discuss a bunch economic issues and current monetary policy on reasons this is more likely than not I will just post these numbers and let everyone make there own conclusions: S&P 2007-2009 Top to 1st major low: 161 days 20.53% Bounce and rejection of 50 MA: 63 days 14.58% Top to bottom: 511 days 57.12 % S&P Current Top to most recent...

JaxelCap

From the previous high of the last major leg up (3588) The Anchor Vwap is acting as a major support as well as the neckline of H&S pattern. The H&S could follow through just as much as it could fail... I have a bias to the downside but waiting for confirmation... close and hold above 1950 to Invalidate...

JaxelCap

I thought it would be interesting to build a bearish case with Consideration of FOMC meetings where interest rate hikes starting can be compared: First off Yes I am biased to bearish I will not deny that... Note: 9 days used because that's the timing of today until then Meetings: May 3rd-4th FOMC Meeting June 14th-15th FOMC Meeting Next Meeting: July 26th...

JaxelCap

Its always important to consider the reality of external factors. I have a bias to the downside and this is why: The Fed needs prices on everything: Assets, consumer goods, services, etc. to come down to reality. If Prices keep going up the fed will push harder and what I have learned is don't fight the Fed. Obviously there is more than just the FED because...

JaxelCap

Nothing to be said but if it breaks the resistance....

JaxelCap

This is just a quick look from a TA view. Housing is not supposed to be a "Sexy" Asset with huge returns. When housing reaches the "Danger Zone" major dislocations in the economy will begin to show( this can be a slow lagging process to reach the surface) -The danger zone or higher, usually leads to the fed increasing interest rates to keep the economy in check. ...

JaxelCap

9 days left in the quarter and at the time of doing this we are sitting on the best of all the ema's( I have a bias). Its hard to make anything out of a Quarterly chart without a lot of data but screw it... anything could happen in the next 9 days but I wouldn't be surprised if we go lower and just before the quarterly close we pump back and close above the 9 ema...

JaxelCap

Chart explains it all. Break the resistance and expect a rocket up.

JaxelCap

While this could take a bit of time still to play out. this has an incredible setup. needs a strong break of the 271 area and needs to hold. a few key areas: anchor vwap from recent key low(from bounce off major anchor vwap support): support is around 235 area Major anchor vwap support from the bottom set in July is in the 180 area Here are my thoughts on...

JaxelCap

After Being Stopped out Long ( no Trader is right 100% ).. I re-evaluated and I can rationalize in to myself( maybe not you) that we see a heavy pull down.. Maybe just a wick... Maybe not.. But here is my Play Entered Short: .0000563 Stop Loss: .00005736 Take Profit: .00003392 GL Do not trade off my advice!

JaxelCap Updated 

If Shib Breaks this resistance I am thinking why the hell not waste some money to make a lot...... Just a simple thought.....