ELM_Trading_NYC

ELM_Trading_NYC Updated 

just a quick update. the PT i posted earlier we hit then we blew past it !!!!! now look as we are bouncing back and fourth on that same price target as support/resistance you can make this up. technicals are key always wait for your candles to close and zoom out before your freak out.. a 6hr chart is not worrisome at all vs a 1hr. check it out for...

ELM_Trading_NYC

take your profits people! close out 1/4 positions!!! ***im not a professional... i do this cuz im the man*** if you enjoy the content please like and subscribe

ELM_Trading_NYC

todays chart shows ascending wedge. also have a descending wedge on the 15m candles but dont pay much attention to it. just keep it mind. chart layout i believe is self explanatory. 1h or better close above white line with above average volume is LONG signal. same for blue trend support. 1h close better below with above average volume is your SHORT signal( i do...

ELM_Trading_NYC Updated 

this is a quick chart today. the point of this chart is to illustrate how zooming out even 30min can change your whole perspective on how the market is moving. left side 1h chart right side 1.5hr(90min) chart within the circled range (the breakout) you can see in the 1HR chart 3 red candles vs. the 1.5HR chart has no red candles. NONE! if your waiting for...

ELM_Trading_NYC Updated 

same chart as before now side by side 1h and 4h. we got a sh*t load of new candles at 19:00 EST. this one is looking at the 1h and 4h side by side. the 4h volume looks strong for now but turning downward, imo means we maybe running out of steam will need to keep and eye on the volume going forward. we want average to above average to keep the run sustained....

ELM_Trading_NYC Updated 

updating this mornings chart you can see we broke out of the bearish head and shoulders and now breaking the bullish W pattern line. if we close a 1h above the purple line and your impatient you can get in here with a small bet and add margin if we break the white line ATH. we had decent volume breaking out the head and shoulders and we need to continue to see...

ELM_Trading_NYC

todays chart is showing breakout of the long term pendant to the upside. however we are struggling to pass the head and shoulders neckline.. keep in mind this head and shoulders is also within a larger W pattern. a break of the W neck line will be bullish signal. always wait for larger than average volume to provide confirmation that there is buying/selling...

ELM_Trading_NYC

this chart is showing a few different patterns i deem bullish. higher highs and higher lows as well as rising volume and a bullish snap back candle off a longer term (12/27 high) support. also maybe bounce back to fill in the head and shoulders neck line. if so that is usually bearish pattern. i would be cautious trading this market ... unexperienced traders...

ELM_Trading_NYC

same pendant trade now seeing a breakout.. i will not trade as the volume does not support it. if we get a retest of the support and a volume breakout you can consider getting in then. ***im not a professional i just do this for fun**** follow and like if you enjoy the content

ELM_Trading_NYC

same chart as before but cleaned up the trends that are no longer viable. we can see at bottom around the 27.8K level and now a nice rally to retrace the upside. ill be looking for a W pattern with a higher low developing on the 1H candles before i look to get back into a LONG. also keep in mind the long wick down on the 4am 1h candle is very bullish . lets see...

ELM_Trading_NYC

same chart as before as you can see the trends are holding nicely and it seems we may have a W pattern forming. i will be looking for at least hourly candle close above the neck line to feel bullish. if confirmed with volume you can get in there or wait for a retest of the neck line with a bounce off with large volume for confirmation. let me know what you guys...

ELM_Trading_NYC

this chart shows the trends i been plotting for couple hours now. they have all been holding.. updated the chart to be cleaner and with a legend . *im not a professional just sharing what i see*** please like if you enjoy the content. adding a tip of the day :) do not trade until your candle is fully closed.

ELM_Trading_NYC

providing my take on possible trend lines for btc at this time ( 1/3/21 @ 17:00 EST) lines are labeled by color. ***im not a professional this is just my take of the current situation*** likes appreciated!!!

ELM_Trading_NYC

Move imminent