Very technical situation is presenting itself on the Nasdaq futures. It is very technical because of how inter-connected the different phases are and the patience required to see and play it. Ideally the overall structure will get you over-performance compared to the constituent structures. The Components Preliminary Supply and Automatic Reaction : A...
TL:DR I threw Everything but the kitchen sink and its all bearish. Analysis A lot is is explained on the main chart. The On Balance volume Situation with the EMAS is particularly telling. Having the 20 period cross the 100 is a key event that suggest a lot of persistent recent selling and that situation means bearish moves are more likely and will be more...
Pretty straight forward follow up of some of my recent bearish calls on BTC. The red arrow shows hidden bearish divergence on the price action in the rising wedge and the MACD Histogram which suggest we are going to get some continuation, or in other words, a lower low. The Purple flagpole target shows a rough area where we should land and I expect some...
My favorite ticker to track the S&P is SPXUSD as it gets you a whole lot more data on the price action than other tickers with the main draw back that you cannot get any volume confirmation. But due to the cleanliness of the price action these nested bearish structures are very apparent. From late April to a few days ago SPXUSD was in a very beautiful orange...
There is a lot in the chart but we can go bullet by bullet. I am using the three day intra-week setting but will look at other time frames as we dig in. VSTOP - A way of setting stops using the Average True Range, a measure of volatility to help chart trends. I have decided to only show the VSTOP acting as resistance to simply the chart. VVSTOP MTF - A...
NDAQ is of course highly correlated with NDX, QQQ, and relate tickers so if NDAQ looks bullish it is a sign that TQQQ and SQQQ will move predictably. If NDAQ is bearish that will have likewise opposite effect. NDAQ came screaming out of the March low to set an advance into a buying climax. The initial give back of that buying climax sets up the Automatic...
Look at the 3 minute chart below because Tradingview doesn't accept posts with a timeframe less than 15 minutes. It is apparent that people have started to sell the close and there is not enough buying activity at the open or over the course of the day to keep the price up. A lot of traders appear to be exiting their positions at the last 3 minutes of the day....
Introduction BTCUSD is being tracked on the BLX chart as it has the longest history and likewise Gold is on the Futures ticker likewise for the history and both are on the weekly time frame. Due to the speed of crypto the cart covers less time overall. The main chart is BLX and the chart below is gold centered on 2008 to 2016. Key Concepts Fundamental...
I got crippled by ripple on my last trade and lost some of my life savings. Now Im chasing loses and have shifted my moon dreams to another coin. I am going to put 50% in BTS. No stop loss. I've bought spot and I've also longed it on margin. Red lines are take profit zones. BTC seems be going sideways or correcting after its big move up. Knowing that I closed...