Why I Am Short
My general rule of thumb is this - you short pops in bear markets and you go long on dips in bull markets. It sounds so simple that it's almost stupid to believe just this rule alone will make you profitable. However, it keeps you on the right side of the trade and that alone is a necessity for making you profitable.
With that said, the only...
The most disappointing IPO in 2017
NYSE:APRN
This turd has been such a disaster from the get go but it does present a pretty solid technical setup right here with low risk IMO.
* Broke out of its descending trend line in May of this year to realize about 115% return in about 2 months only to return back to the ATL's
* The weekly and D3 price action has...
Why I went long on Calls
* Company has been beat up for the last month which is important for me to see before playing reversals
* Supports has been breached; the most notable ones include the BB basis line and 50EMA - these supports cracked with little fight involved
* Price is now currently sitting on top of the ascending trend line which shares confluence...
ATVI: Why I went Long on Calls
* Company has been beat up since a month ago after creating new ATH's at 81.xx
* Basis line on the BB has been breached; 50EMA has been breached; now is currently being supported by an ascending trend line that has propped the stock up on 3 separate weekly occasions (Dec, early April and late April)
* This ascending TL also shares...
Reasons why I went long at 6230
* Divergences on the momentum as shown on chart
* 4 downswings from swing high
* High deviation from the 50EMA - prices tend to retrace back providing some relief before the next major swing low
* Bitcoin tends to hold each major swing low twice before cracking - this is shown historically from Feb - April when it held 6K; I am...
KRAKEN:XBTUSD
Bullish on the intermediate time frame - 18-24 days
* Inverse HS forming its right shoulder after a false premature breakout from its neckline - this is shown best on the HTF's
* Ascending triangle forming at the swing low of the RS - this is shown best on the LTF's such as H2
* Bullish Divergence on the 12H TF's from the recent swing low that...
