This short was almost too easy and we identified it in the last video after closing the cup and building just enough liquidity for a further dump. It's been fun but I think I'm going to stop shorting for now and look for some buys Happy Trading :)
BEWARE - Market-wide we're seeing a potential institutional "rugpull" sort of situation after plenty of ATH's made last week. Not predicting the market's "top" but I am seeing a common theme on many charts that correlate to the S&P recent ATH and subsequent dump (especially considering it wasn't provoked by any specific news). Also, SMCI specific, keep in mind...
We've done this countless times on this stock. I didn't touch this while we were shooting up post elections because of the "meme" factor behind Elon and all that. But once basic market dynamics came back into play, we've had at least 2 golden opportunities to play this name and they proved very successful. So going forward we're looking for a similar play! Happy...
Even though crypto always seems to ignore basic principles of supply and demand, especially considering the strong institutional buying recently, we did expect a liquidity build was necessary - and a deep one at that. So we're seeing that happen - and you shouldn't be scared or rushing into buying every step of this drop. Let the buyers show themselves - let the...
Correction - I made the last video on this SMCI opportunity two months ago in mid-December stating "Golden opportunity right in front of us?". And I was just thinking - is this too obvious? Clearly it was and I'm glad I took advantage. This was the most educated gamble of all time! Was worth every penny that could have been lost. From here, I expect similar...
Here's what we're looking at in the near term. I know it stinks that we have to come down before sky rocketing again - but eventually we all knew liquidity would have to be built on cryptos, especially BTC, and that's what we're seeing now. We're ultimately bullish! These are bullish algorithms! But we need to build controlled liquidity in these algorithms to...
Definitely playing out as expected on these charts (especially considering earnings lightly missed) so seeing these as opportunities to get into great growth companies at a nice discount. Happy Trading :)
We're going to be seeing some movement in a direction soon - either liquidity build lower or bull-flag breakout. The question is: Do we have enough liquidity built for the breakout that we're setting up for? BTC is obviously the leader of the industry and while there is plenty of volatility in the broader markets and therefore in the crypto market, we can look...
COF was lagging behind a bit, still building liquidity to break into fresh ATH's. But even though it took an extra few weeks, I was prepared and building my position. The more proof I saw of tapering white in control, the more confident I was in the eventual breakout. This is something that can be demonstrated on all charts and just outlines the visual aspect of...
Incredible growth from NU over the past few quarters but tough outlook ahead as Brazil's economy (NU's main market) is not the strongest right now. Still worth looking at this company as a longer term investment! Happy Trading :)
From the general outlook, we see a beautiful bullish flag forming on the HTF and price respecting our tapered controlled selling white algorithm. However, what I did not mention in the video is that we have a very large HTF demand zone at the $165 level - price is definitely going to be attracted to it like a magnet - so unless we see real support up here at these...
I highly reccomend just staying away from this chart altogether (unless you're a seasoned and proven trader or lucky gambler) - But if you are looking for confirmations to short this, this is what I'm looking at. But again, better off staying away from this chart altogether for now as technical analysis here has proven to be insufficient versus the beast that is...
Crypto is clearly in a bullish HTF trend - but what does that mean for the immediate future and near term? How can we safely start entering a position without getting stuck at the top of a very long liquidity build downward? Well, we have our algorithms which hold true on any chart - and utilizing these algorithms to identify what confirmations we had prior to...
The story of this chart is definitely bullish and while I am continuing to average into a position of shares here, I do want to identify a confirmation point where we can potentially play some longer-term options and catch the subsequent breakout of the $420 cup/neckline that we've created. Let's see some confirmations of HTF controlled selling along with LTF...
CAR is building both bullish and bearish liquidity on lower and higher time frames and setting important S&D zones at current levels. We know where our immediate HTF supply rests (at the $120 level) and we know where our immediate HTF demand is (where we are now at the $70-$77 level). Two things we can see start to happen over the next few days/weeks that will...
We'll have to see how this one plays out but the R:R here is extremely enticing with the upside we've seen as recently as 3 months ago. Will be looking for confirmations but this might be the type of situation where I will add as we get that initial tap - because this zone we're approaching has so much liquidity built in and is primed as support. Happy Trading :)
Video says it all. If we see the confluences that we need to, I will enter a position, if not - not! That's the way the trading game works - set your plan and stick to it. Happy Trading :)
As per my last post on CELH, we built enough demand to hit our HTF supply at $32. Successful trade an outlook there. Now after an expected rejection at that HTF supply, we are back at our flip zone which was a strong resistance level now looking to turn into support. With a strong reaction off of this zone we may have another opportunity to at least retest the $32...