Introduction The Bank of America Corporation is one of the most famous of Warren Buffets holdings. It is right behind Berkshire’s Apple holdings in size and it has only grown during the recent banking turmoil. This is while he is “dumping” other banks because of red flags in their financials. That is beginning to look like a bad decision based on the technical...
Introduction I lost a lot of money when I began trading in 2018, and truth be told I have not made it all back yet. For years I blew up accounts not being able to recognize bull traps and properly set my stop losses (or take profits) and I engaged in a lot of capital destruction. As such I have spent a lot of time trying to make sure I don’t destroy more of my...
Introduction Ethereum's price action has been concerning for some time now. Generally speaking the more something goes up the more of a cooling off period it needs and Ethereum has been over-performing a lot of the older crypto currencies for a while now. At the same time it has shown quite a bit of resilience compared to the Other coins and how their W...
TLDR: Lots of well established TA suggests OP takes out the previous lows at 0.41. Analysis I am going to begin with the divergence primer just in case a reader is unfamilar with the divergences and what they mean. Divergence Primer Classic Divergence (Trend Reversal) Bearish: Higher highs on price action but lower highs on the indicator Bullish: Lower...
TLDR: I waited over 4 months for the trade to get to the point I would put a short on. The next move is to short to the buybox. See the linked idea for more context Introduction I have spent a lot of time looking at blow off tops and parabolic moves over the last 450 ideas and 5 years with the goal of being able to benefit from these natual phenomenon of mass...
Fundamentals Despite some confusion bitcoin is both a decentralized payment system and the name of the currency of the network. In contrast, SWIFT is a centralized payment system that has the dollar as its currency. Bitcoin's greatest value is when the currency is undervalued to the value of transactions it is running. That is when the system is the cheapest...
Potential Inverse H&S formation appearing over 12-H Time-Frame, signaling a change of trend soon for the coin. Price needs to break above the falling resistance in order to establish targets towards 1.15 followed by 1.25. However another rejection of the zone 0.87 would once again open a re-test of channel support around 0.70.
Likely to complete its retracement between 18-16 region. This is where healthy demand is likely to step in and establish targets towards 26-28 initially followed by 30-32. However if DYDX manages to break below 16 then we are likely to see 14 followed by 13 as next major supports.
I have been watching this formation develop for what feels like a year now and it is slowly grinding its way through and it seems we are finally on the verge of having the performance begin Generally speaking, since the dotcom crash NDX has gone up faster than SPY and so that has made it the bet for people to "just by the index" to make their gains. But now with...
Solana appears to have slipped key support with the failure of this rising trendline of support with a descending triangle structure. Given the stage of the market I hope for some overperformance but the fib retracement levels are where the technical non-greedy places to take profit are. Linked idea is catastrophe planning for a bear market.
I had mocked up these bands on the chart with the intent of looking for places to take profit on upside moves but it appears that Dash isn't going to make it through the orange zone just yet. There has been a downward channel with a slight broadening aspect to it since 2017 and seeing a head and shoulders at channel resistance does not make me confident that...
Not much to say. Kinda wrung out. This was a rather painful sell off and it happened right at the trend line which has played a significant role in price action for almost a year. I was hoping to see it flip one more to support as we did last September and November and I was expecting a lot of thrash until it became clear that the trendline was established. ...
As always, a micro formation isn't going to have the same reliability as a formation that took over a month to form. Key things would be that this formation is lower than the $50,500 high set on August 23rd and it is forming on top of the trendline from BTCUSD all time high to the $50,500 high. Even though this high is just $50 lower it is a lower high. This is...
Introduction Out of all the top coins since 2017 to right now BNB had one of the best bull runs. Therefore, if it is setting a bull trap I take that that is pretty scary and a bad indicator for the broader market. Analysis I consider hidden bearish divergence to be the bulltrap signal and as I look at the charts it is very visible on the RSI. So that gives...
This is basically a quickpost. The blue anchors show where both BNB and Sol have the fib log channels swing lows and a swing high point to define the fib log channel. Sol just closed at the op of the fib log channel 2 line. That is a very significant long term target after popping up out of a rising wedge. By my estimation most of the profits have already been...
Price has moved up for the last couple of days and with what I see I have put a short on and will be planning to take profit on this descending triangle structure. The main chart goes over a lot but lets expound At the left of the chart the Keltner Channel bottom acted primarily as support and price often went above the the Keltner channel and moved the bollinger...
So far Bitcoin has had a good couple of days and I see lots of people in real life as well online starting to get bullish and looking at putting on some big bets and so far I don't see the justification for that enthusiasm. I will link some ideas that make the macro bearish case to keep this post from ballooning even more. Analysis The bollinger bands can...