MannyJMoreno

MannyJMoreno

I've been watching this head and shoulders pattern forming on the 4hr chart for the last several days. It's really tempting to get ready for a short, but I am being cautious before I do that. The main reason is that the most recent rally and uptrend was pretty strong. Now we've also had some crazy swings not just in the market but in society. So to me it...

MannyJMoreno Updated 

Thought I would share my thoughts and analysis on BTC right now with all the excitement and buzz at the moment. Trend Channel Looking at the daily chart, a previous underlying trend seems to have resurfaced. As of this post, I feel that the previous resistance around the 14k range will force a pullback to the bottom of the channel. RSI Viewing the weekly,...

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MannyJMoreno

Hi Traders, Thought I would share my thoughts and analysis on BTC right now with all the excitement and buzz at the moment. This is not trading advice or professional strategy and analysis. I am only a trader by hobby and do it for entertainment. As a beginner, I used to get completely overwhelmed by all of the information and indicators never really finding...

MannyJMoreno

Anyone else see this as a bullish bat?

MannyJMoreno

A friend and I were talking about trading back against the dollar with his cryptos. As I was sitting on an ETHBTC trade, I decided to come back from the blockchain and see how we're doing with Ethereum and Dollars. Overall I see a nice symmetrcal traingle almost complete for a breakout. Since there is a slim parallel channel inside the triangle, and MACD looks...

MannyJMoreno Updated 

So in my last idea, I rode the ETHBTC uptrend channel over the weekend. When resistance tested twice after the breakout, I thought we might be going higher. Now we see a beautifully formed bullish pennant. Most recent resistance level was back in July at 0.113670. I'm going long and swinging for the fences on this one using MACD divergence as confirmation...

MannyJMoreno Updated 

I know I'm probably getting a little greedy but after riding the trend channel up with two winning trades, I just noticed that resistance has already tested twice at .10488. Now there's a small break above it that could mean it could climb a little more. So I've decided to go ahead and jump in. BE CAREFUL THOUGH! MACD and RSI are showing oversold, so we could...

MannyJMoreno

So we have a symmetrical triangle on EURUSD. MACD and RSI are in the middle so we could go either way.. up or down. Once we have a break, choose which way you want to go..

MannyJMoreno Updated 

So using a small amount of BTC i had laying around at cex.io, I decided to practice my trendline/fib strategy skills on this crypto pair. As you can see, a nice uptrend channel has moved up fib levels and may be in one pull last pullback before hitting the full retracement. I going optimistically long using MACD crossing as confirmation that we're still in an...

MannyJMoreno

So I got stopped out twice on the two long bearish candles... Rookie mistake but part of the learning journey...

MannyJMoreno

After a few losses finally in a winning trade

MannyJMoreno

Just thought I'd start keeping track of these