Update from previous post: as you can see my analysis from yesterday was quite accurate, ETH played into the this flag I had marked very nicely before doing a very common trait, which is swing failure to the low before pumping up and out of the formation. this triggers all the SL and gets traders into a short position before breaking back into the formation and...
Update from previous analysis: head and shoulders did not play out however we did eventually see the drop I was expecting, unfortunately we were so over extended the drop was much bigger than I would've hoped because the targets are the same. there are several targets I am looking for, the basics of this analysis is we are looking for a drop to the 3840 level...
Been looking into DOT a good amount the past few days and have noticed it's really nice to trade and with the bullish momentum recently it's been a good market indicator of direction and because it is a smaller coin than the usual BTC/ETH it is more volatile! I know that is risk but it is charting really nice and catching it right can lead to excellent gains, I...
Update from previous post: what a day it has been for etc, etc and the whole market in general, anyone who was in a long has been paid today. I got in a long position late last night at my key support line (3838) as I noticed we had tested as support and I thought it looked pretty strong (I was right), we quickly made a break to my new resistance levels which are...
last time we looked at gold I was expecting a test of my red line and a break to the downside, looking at this fib retracement has worked very well for analysis, the 0.236 was where I was looking for price to hold if not then the bias switches bearish. price broke that level with volume, then came back up to retest the trend line (even more bearish), we then...
Update from yesterdays analysis: looks like I can tell the future at this point, my analysis was spot on again. I predicted a test back up to the 3900 level (my green price target) to close the CME gap and the potential gains was easily a 5% trade (which I took!!) price touched the target to close the gap and no more. we then spent the rest of the day slowly...
update from last post: bigger rising wedge stood as resistance or most of this weekend, rejected 4 times and once we broke back in the volume wasn't there to push us much higher leading to a rejection and you could see bulls were getting weaker. my key support line 3837 held lovely but after several retests once we broke i knew more downside was on the cards...
Gold has seen a turn in direction today, the thick red line is a very key support/resistance, breaking above that and retesting is extremely bullish as you can see we broke the level but failed to hold for a sustained period of time, we are holding a key level of support which has been tested several times on the 15 min chart. using a fib retrace from previous...
Update from yesterdays analysis, ETH played out exactly as predicted today and my trend lines are spot on so far. we have seen a third rejection to break back into the rising wedge, we pumped late tonight due to the ETF has been approved bringing some bullish momentum. this is normally the perfect time to sell because so many are buying. currently I am looking...
Update from last idea, previously we had just broken below my key level of 3537, where we seen several tests of that level before a breakout which made me turn bearish short term. I expected greater targets but as you can see my support line at 3429 has been an excellent entry into a long position the entire time ETH was falling. seeing the pump today has broken...
we have seen some pretty bullish moves from ethanol today on the larger timeframes even though it seems like we have not moved today. I have a very strong level of support/resistance at 3537, we broke that early this morning and came down to test it 3 times before as I am writing this breaking back down below this level. I really don't like this short term, I...
update on ETH: Excuse the mess of this chart I day trade ETH so it is slightly messy but all of the areas marked are key levels so if we drop below expect strong volume at these levels. the main pattern I am focused on is a bear flag or rising channel after seeing great bullish momentum for the last week a pullback would be healthy for continuation to the...
update from rising wedge and things to note since: we did see a breakdown but the buying pressure was too strong to see a pullback to the 53,000 level. a buy at any point after the breakdown would have been a good entry you can see the wicks on each of the lower candles showing strong support at these levels. After breaking back into my channel TP1 was hit...
things to note: seen bullish trend the past few days, btc is adhering to my fib levels perfectly so far, coming up to test the 0.236 is the next important level at the green price tag. I expect similar play to yesterday's price movement. a retrace back to swing low around the 52,300-52,000 area before a volatile move back upward breaking the 0.236 level and...