About meHi. I'm a professional trader with nearly 30 years trading experience. I mainly trade Volatile Stocks, Nasdaq, Dow, Gold, Oil and Crypto, with charts using TA. Follow me 4 trading ideas. Likes help me to keep posting. Thanks, also at breakoutfakeout.com
Professional Day Trader (about 30 years trading exp.). Most trading ideas here became profitable! Leave a like if u want more and follow for updates. Just my own ideas, DYOR , not investment advice. Register at www.breakoutfakeout.com for help.
This could be a big move In play here. Huge divergence forming on the hourly charts we could go right up here.
Sorry about the poor charts using the app to post as am moving about today but you get the idea
Buy and hold
Big divergence here on the rsi and macdh on the Dow hourly below a rising 200 moving average
Great buying opportunity, entered at 29370
Stop at the low of the long wick 29220
Expect a few hundred point move at least
Buy gold here right on the major trend line. 4 hr 200 period moving average green line is very bullish still.
We can expect a re test of the high of 2060 at some point of this trend line remains intact
Here dxy is showing another big divergence on the hourly charts.
It’s actually currently slightly above the weekly low set around March. So here would see some shorts taking profits and bargain hunters stepping in.
Falling wedge as well. We can expect a move up to either of the red resistance lines for day trade profits.
Interesting that bitcoin has pumped just as DXY (dollar basket) goes and makes a deathcross
Could btc become a safe haven if the dollar falls heavily?
One thing to note is that weekly moving averages are very bullish on DXY,...