Myst_Trader

Myst_Trader

Hi! It's been a while since I wrote anything here! Let's do a little SPY review to understand what's going on with the market. I can clearly see that we should pull back from here as we are overbought and have resistance. What will happen to the market globally - no one knows. But in the short term I expect a short! Also guys, I want to point out that I have...

Myst_Trader

I would prefer to start with the big picture, which is key. - Globally we are in a bear market, as much as it may be desirable, but we are still technically seeing it now - a Bear Flag. - After the last significant move down (from the 31.600 level, to 17.600) we made a pullback into the Fib 50 zone. On the daily chart, a price move even lower to around...

Myst_Trader

I was away from TradingView for a few days, but I'm back now and continue to look at the market and look for ideas! Updating ABBV idea: Well, after the report, we teleported to shoulder level. And now several scenarios are possible: 1) Shoulder bounce 2) Shoulder breakout Which one am I more likely to go with? A shoulder breakout. But is it worth taking...

Myst_Trader

According to my last BTC review: Bitcoin does everything clearly according to the scenario. We stayed above 20.500 - great, we are strong. On the strength of the whole market (SPY) we were able to get back above the resistance zone. Now we need to see if we can hold at the 50 EMA. I wouldn't say Bitcoin is strong in a big picture, but the key is...

Myst_Trader

One of the stocks that looks pretty promising. The base is formed. Flag Fibonacci correction Above 50 EMA. Resistance level has become support That does not mean we should buy now. But I suggest to watch for a further move.

Myst_Trader

Sharing a stock that looks pretty extended. I'm waiting for the short here. It may not be today, but I'm watching.

Myst_Trader

Let's not get into the details of the decisions at FED. Technically, we are staying above the 50 EMA, near the channel's upper border. What do I expect? I expect a pullback. What can we do? I will wait for a pullback to the middle of the channel. Short term we are bearish, long term it looks like we are slowly becoming bullish.

Myst_Trader

Another idea I suggested to you: For me, the idea was as simple and clear as it could be, so I was able to make a good profit. I attaching the execution on the chart above.

Myst_Trader

Who has not been subscribed to me, please review this idea: I'm showing on the chart how this short was executed. Closed it yesterday as it came to the support level.

Myst_Trader

UNG is really a leader that has fundamental reasons to be one. But let's look at it technically- It was a inverted head and shoulders. And there was an attempt to break the shoulder, but we got a strong reaction. Was it possible to start a position there? I think it really MUST have been. So, the price is gone, let's wait for more setups.

Myst_Trader

Updating my last BTC post: So, friends, what did we see? A classic trap for "mediocre" traders. Big players don't want to buy yet, which is logical, looking at SPY - the market as a whole is bearish. Buying in it is always an increased risk. Therefore, let's look further, I don't see any shorts or longs here for myself. I suggest to look above the...

Myst_Trader

SPY continues to stand in the big flag, at the top of it. We don't look weak so far (at least until the 390 level), and we're still standing at 50EMA. But honestly, I think we need a pullback to continue moving up. We wait for the FED and I advise you not to trade much yet - be watchers for a couple of days!

Myst_Trader

Today's pump makes me want to follow this stock further. Maybe we'll see more pumping in the coming days. Not a big fan of pumps, but I will follow.

Myst_Trader

I thought it would be interesting for others to see what I trade. I will be showing my trades from time to time and accompanying with a little description. This trade was made on a report, I liked the inverted head and shoulders pattern. Some of it I have already sold, some of it is still in the trade.

Myst_Trader

Happy new trading week to everyone! What do we see in the early hours of the Monday morning? I still want to look at this setup as a flag. We saw a logical red candle on Friday, which allowed us to move a little bit away from the overbought zone. What should we expect from the market this week? At this point, I would pay attention to several markers: 1) The...

Myst_Trader

I see the inverted head and shoulders . Also a small bear flag. Could try an entry from the flag and watch the level of the shoulders. I'll keep you updated on this idea!

Myst_Trader

I draw your attention to the big base at COCO. This stock is deserving of getting on your list. Here you just have to watch for when momentum shows up and then act!

Myst_Trader

Hello everyone! Keeping up my Bitcoin research. It's been a couple of days since the last update and what do we see now? Nothing has changed globally - we are in a bear market. But I think that at the moment the price is forming something potentially interesting for those of you who like bitcoin and crypto. We have the fact that the resistance is slowly...