Okay the godfather of Cryptos Bitcoin. So, we (as a market) saw Yesterday Evening (here in the States) a crypto "Crash". I was getting notifications from many people in a mass hysteria last night. I told them to relax (or not their choice) and gave them this very explanation. "This is a much needed correction. This move down will free up some liquidity in...
Okay, the sky is falling and crypto is coming to an end... Okay, now that we have removed the panic out of our system lets focus on real investing. Now, to begin with Crypto is something I would not build a portfolio around. Its too new and far too risky. Now, if you're around my age (early 30's) or younger and can afford a larger risk appetite then having a...
Here on the yen we have a bullish butterfly. the completition point is at the yellow line. right now we only have one oscilator in an extereme area. We are looking for the HSI to dip into the extreme area. I hope this pattern is an introduction into a true reversal.
here we have LiteCoin the 4th most popular coin on coinbase (COIN). this is showing a regression in price. cryptos are acting like stocks at the moment and just going up with no rest. I am not a big crypto person, as I have similar views as the SEC does and think they are an asset instead of a currency and some of the coins offer an interest rate for holding them...
So, here on the dollar Loonie we have a bearish Shark Pattern. We currently have price in a decent area of resistance and both of the oscilators are in an extereme area. the reaction will happen fast. i will probably miss this pattern as the move will probably happen in the london session. Careful of PA making it to the 50 of the pattern it has the potiental of...
Here on the Silver Dollar we have a bearish Deep Gartley. PA has reacted to give us a Type 1 reaction and now were waiting on price to trace back up to the Yellow Line or to where the point is at on the "triangles". The yellow line is the 886 point of the Deep Gartley and the "point" is the completion point of the ABCD pattern.
I fear that I have married this crypto. The technology this company offers is something that i truly believe will revolutionize the money market. If it is not Stellar then it will be a company similar to it. The technology is aiming at Western Union's (WU) market by making it cheaper and faster to transfer money from person to person. With Western Union and Money...
here on the kiwi dollar we have an alternate bat pattern. Like i said on my aussie dollar analysis i would be surprised if this pattern moved today. the dollar is not having a strong day so far but this pattern i am looking at too for going short.
Here on the Aussie Dollar we have a bearish gartley pattern. i would be surprised if this pattern moves today as the 10Y bonds are having a weak day, and the dollar is weak against some of the exotic pairs like USD/MXN. Its hard to say if you're looking at the Rubble as its having a rough day too. I'm not in the "know" on Russian news. So, again I would be...
Here on the Euro Yen we have a bearish bat pattern on the 4H. The two oscilitators on the right are currently not looking like there is going to be any movement at the moment. were gonna be looking for some type of movement into the extreme levels. the pattern completed in a strong area of resistance on the daily. we will be looking for a good push into the...
Here on the Swissy we have a crab. The ABCD Back bone of the pattern has been blown so we shall see if the pattern is still valid. With crab patterns we see PA retrace to the 1.902 level and PA become volatile and reverse. we are entering a weekly support level so we shall see how PA reacts. Sorry for not going into it any deeper I am behind on some school work...
Here on the loonie we have a potiental shark pattern or 5-0 pattern setting up. it is either a bullish 5-0 pattern or bearish shark pattern. We are hoping to see price hit the horizontal yellow line and move down; however, there is a major resistance level just a few pips above the pattern. So, i expect to see PA move a bit into the resistance area and get...
Here on the King of Volatility Pound Yen we have a Bearish ABCD Pattern forming on the 4H and we have some major divergence on the oscillators. On the teal ellioit wave lines (not using them as elliot wave indications) what i have planted is what i would like to see for a good solid entry! i have already been burned by this run away train already and I am sitting...
here on the cable we have a bearish Gartley Pattern. We currently have price kissing the 786 at the moment. what were looking for si some consolidation some confirmation on the oscillators and another good move down. This will be my second entry on the cable as i am currently short off a daily pattern. for the past two weeks we have seen the cable retrace up after...
Here on the most traded and watched pair in the world the Euro/ Dollar. I am currently looking to go long on a minor retrace on this pair from this bullish bat pattern. We need the pattern to complete by touching the yellow line. We will also need to have some other confirmation signals out there on the oscillators too. Sorry for not going into it any deeper I am...
The Euro Aussie. Here we have a bullish crab pattern, and what is super interesting in Scott Carney's book he in-cooperated aa HOP level because he was noticing that the patterns were not necessarily failing but rather just a lot of people squaring off positions and price continuously slipping lower, but it was nothing like a definitive move. PA would find its...
Here on the Euro Dollar we have bullish bat pattern on the Daily. Overall from a position trader stand point i would remain bearish on the Euro considering for the last few DECADES the Democratic Party here in the US has a history of having hawkish trade policy which drives the value of the dollar up and dries up liquidity in the markets for the dollar. Think of...
Here we have a very controversial Scott Carney Harmonic Pattern. What just about every trader out there can agree upon is the SPX needs a correction. equities are far too expensive right now and liquidity is almost dried up (if that's grammatically correct). Now based on what method each trader subscribes too is where the punches start coming in. S&R traders...