So far the daily is still showing weakness. It looks like maybe there is a RDA test in the cards. Especially if the previous week open fails twice on lower time frame. RDA aligns well with level as well. I'm still looking for sub 100 SOL.
Few things to point out on current BTC value range. So far BTC is in a 42 day 13-15% range with an upper excess of 5%. This time in channel is above the typical 13-15% value range timeframe. Generally when BTC enters a range from the low it has a higher probability of ending the range with a break to the high of the range. If we measure the value range from...
I'm convinced Bitcoin will go thru a 3rd crisis. This is a sneak peak of my conclusion of where this 3rd crisis will occur. With my up and coming Ultimate Bitcoin Analysis I'll be sharing the dates and data on the first 2 crises. I'll also share how I see the data and how I see the 3rd crisis unfolding and the ultimate outcome. Bottom line on all my research...
Outlined are the key upward reaction points I'm watching for Bitcoin. Everything is highlighted on chart. When I say reactions-- I use these very simple levels as areas to watch lower timeframes (5m, 30m, 1HR) for momentum shift using the RexDog Trading System (not on chart). Currently Bitcoin is momentum long with a roughly 5% upward impulse coming off 2...
Here's what I'm looking at here the next 24 hours or so. Short above 34K or so to RDA test -- clear area for stop on close. Long below 31,6 or so. I'll only execute this if lower timeframes change to confirming momentum.
In this video I share my current read of the market. We cover the daily timeframe and talk about where the eventual target might be. This is not a prediction video this is me sharing how I use my trade system to interpret what the chart is telling me at the is the moment. Sure I use my experience and market psychology but this is mainly me sharing my trade system...
In this video I break down the current state of ETH. Where I see potential high probability trades as well as possible downside support if the sell-off continues. We start with the daily timeframe-- but move to what is happening on the hourly and where a potential short opportunity exists. From there we look at both downside and upside opportunities.
In this video I outline how I see the path BTC has to go through to recapture the weekly open. Tons of trade opportunities on both the long and short side.
STSI 4 signals. Trade invalidated if value channel created below $4.
Here is what I'm looking at for a LTC buy zone pullback. Aligns with measured moves, VCs, latest impulse move. LTC has been using the 24EMA price as a pull back support zone (within 3-4%). This pullback zone aligns with monthly open as well as mean of value ranges. Targets are just shy of 200.
Alignment with VCs as well as within range of typical bull bias pull back measured move. 27.79 another range of entry interest I'll be looking for.
6/10/19 - $3 cross. Did measured moves analysis. 28% or so is move up. 20-33% is move down. Entry here is on pullback to prev. weekly open with a target on typical measured move of 27%. Entry is GTC.
$2 cross - entry at 1.91 pull back to low of previous day. Target is range above 2.50. All other signals on charts and following my trade idea.
I'm still holding out of profit taking in this range from basis positions in the 3K range. With that being said I'm looking for 2 scenarios here. Upside test to higher value range (8,3-8,8) then pullback. Looking for potential profit taking here but will decide as price action unfolds. Next scenario is downside pullback in the 30% range to (5,5 area) the mean...
Entry 4.08 position 1. T1/SL outlined on chart. Will look at additional entry or trade options in afternoon session.
Looking for a long entry on pullback at 668. Currently retrace now at 696
961 Entry. Will exit if that is tested and fails, otherwise looking for a 1-2 weekly gains here.
Got picked up at 10.58 in morning session. Looking good so far. T1 outlined on chart.