Traders, Atom dropped from it’s ascending channel and soon afterwards found strong support at the top of the triangle for a classic retest of previous resisntance/now support. A break below this and we should be looking for exit points. I have set mine at approx. $8.50. Target is the June 4th body high at around $10.75 Position = ATOM Direction = long Entry =...
Traders, We have what appears to be an inverse H&S pattern playing out. The right shoulder still has not completely formed, so this is admittedly an early entry and more risky. But with Bitcoin holding it's supports nicely for over a week among other positive indicators, I'll take my chances here. I bought at the 50 day ma for $1,837. The R/R is 3.37. Final...
Traders, Doubling down on my Litecoin position. Touch my 96.42 level which intersects the top of the triangle for a perfect area of confluence and excellent support! Target $131. SL is my first entry price, $91. Best of luck all! Stew
EURJPY H4 Here is a comparitive, both eurozone base currencies, typically move very similarly due to correlation, the only factors being the length of the rally and the spikes caused from recent interest rate hikes and economic outlooks from central banks. That being said, both following suit to some degree. I think we are starting to hit the pivot points for...
Hi Traders, I'm OoO rn on vaca. But a quick glance at BTC on my phone shows me that BTC has settled nicely above previous resistance and is now using this level as support. Good accumulation has been built and it looks at though BTC is ready to move higher. I bit. I will establish my target more carefully once I return but for now I will set a generic target...
New level spotted providing significant resistance and causing me to pause and adjust my final target. Taking the rest of my profits here. This level comes all the way from Nov. of last year, so, there will be significant resistance. And with many of the altcoins still showing bear flags, I am not going to push my luck. Congrats, to those who followed me on this...
AUDUSD D1 Potential here for AUDUSD to climb following a break and retest around this 0.68 handle. Bit extensions seen from 0.64600 up towards 0.69. Lets see if this 0.68 support region holds enough for us to grab some longs.
Took half off near 30k. Moved stops up to buy in avg of 26.4k to ensure profit. Now, a bit of TA. BTC broke above the descending Dec ‘21 TL. This was hugely bullish and I mentioned in my paid subs group that if this happened we’d retest that $30,500 resistance quickly. This we did and are doing now. The big question is will $30,500 be broken to the upside. If...
Traders, Solana has hit it’s previous inverse H&S neckline for a classic retest and should bounce soon provided BTC maintains its position above 25,300 tomorrow. Position = SOL Direction = long Entry = 14.47 Stop Loss = 12.88 Take Profit(s) = 200 ma/19.61-19.65 Risk/Reward = 3.37/1 Best, Stew
Traders, Admittedly, taking another risky trade here. But after (3) three long months of waiting, Bitcoin has finally hit my projected neckline retest and I had to take this trade: Position = BTC Direction = long Entry = 25073 Stop Loss = 23400 Take Profit(s) = 30500 Risk/Reward = 3/1 Best, Stew
Traders, I’ll be honest. Risky trade long here. With the SEC suing Binance/Coinbase and the Ripple suit yet to be settled, plus BTC is currently under my $25,300 neckline, the following is a risky trade. But I am taking it: Position = xrp Direction = long Entry = .4769 Stop Loss = .44 Take Profit(s) = .66 Risk/Reward = 5/1 Leverage = NONE Profit Potential =...
Position = APE Direction = long Entry = 2.86 Stop Loss = 2.49 Take Profit(s) = 4.22 OR 200 DAY Risk/Reward = 3.5/1 Sitting on solid support rn and RSI nearing oversold.
Traders, A wick down tagged our neckline precisely as expected. Now, we’ll probably incur a few more days of price action down in this area, but I’ll buy now to be safe. It’s only 50 dollar down to that neckline. Target will be 3,000. SL will be 1500 for now (to be adjusted as that 200 day ma moves up). More trades to come. Stew
Traders, You guys know I have been dreaming of a touch on our MATIC May 2021 ascending trendline for months now. Today we got that. And though I missed the .98 cents touch for a buy in, I did get in at a dollar. My target will be at least that $1.53 cents level. Stop out is hard. But I wouldn't want to see anything much lower than that .87 cent level I have...
Traders, Just wanted to let you know that if you are still in this trade, Audio has reached and exceeded it's final target. Congrats to all those who were ballzy enough to hodl to the target (I wasn't). Stew
Traders, After beating the 50-day moving average, and a level of support above that, we are now resting on support. I think this is the perfect time to enter here in audio. And that is what I did. My goal is to at least hold some of this trade to the 39 cent level. In a future post, I will update you on all the stop limits of this and my previous trades. Stew
Traders, After waiting patiently, we are back in a key support area. Could we fall below this? Yes. Of course. But at the moment, I am obviously betting on support holding. I will hold from my ,49 cents take back up to ,58 cents and higher. Stew
Traders, I'm OoO and operating completely from my mobile phone rn. But couldn't help but spot this beautiful bull Flag on matic which has exited to the top side of a descending tl and after touching our 100 day ma. I'm hoping to hold this trade to the 50 day (currently $1.19) and to a level above that at $1.32 Stew