TechknowLobster

TechknowLobster Updated 

I have another chart of this already, this is another view of what im seeing. This move up doesn't mean anything to me as the return to the mean should happen during correction sitting nicely around target levels. 16400 give or take a couple of hundred.

TechknowLobster

I got into this double top as soon as the daily closed. I'm looking for 2080, the 2043. Then, there will probably be more upside, but I will only worry about this nice risk vs. reward on this short for now before reevaluation.

TechknowLobster Updated 

This is what im thinking gold will do, looks like an easy play to around the 2100 -2110 area and then should fall to around 2043-2048 area. Will reanalyze then.

TechknowLobster

Last week was great. Im not so bullish this week I think we will have a move down to at least the 2043 area while gold figures itself out. I think any further move up will be cancelled out by a bearish move by the end of the week. Falling below this area opens the door for the 2025/ 2015-2018 area. Both great areas for a bounce. On the other hand a capitulation...

TechknowLobster Updated 

I love this, 18k hit, nice rising wedge pattern. I like 16400 area eventually but this will wiggle around for a bit before it gets there.

TechknowLobster

Been posting this for awhile now, if you see any of my last posts about it. This time will be holding for the gap fill on the short side and then will reevaluate positions.

TechknowLobster Updated 

Pretty simple chart here, I dont really use indicators so my charts are all naked like this. Head and shoulders. Im bearish here overall, looks like an easy play with low risk nice reward.

TechknowLobster Updated 

I really hate crypto but its pretty easy to trade and its open on the weekends SO i will continue to force myself to trade this nonsense. Eth is extremely overstretched, over priced, overbought, and over hyped. I don't see it hovering in this area forever I think we eventually will see a return to the mean over time. But for now Im gonna start accumulating shorts...

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Well BTC did what I thought it might not but, i was prepared in case. I put this chart up a month or so ago in the case it moved to the top of the expanding I would be willing to add in this area, which is what I am going to do once the price closes back inside the top of the expanding, I would love a wick here and a nice daily close to boot. Looking for entry...

TechknowLobster

Okay quick easy little chart here, looking for gold to 2050 2060 area before some correction and then a move higher, will just play this current move to 2050-60 are for now. Close below 2028 on the 4 hour invalidates this.

TechknowLobster

Signals are still beating me up over the DX short. Been playing this to the short side for quite a while, as previously mentioned via scalping. But also have built shorts into this nice weekly candle and formation. An easy trade here, which could go lower but will just target a small overthrow of the gap fill 102.69 and then re-evaluate.

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I'll put a more detailed chart up over the weekend, but Gold is looking rather bullish into next week, I'll be surprised if we do not hit 2085 sometime. Possibly higher.

TechknowLobster Updated 

In my previous analysis of the gold chart, I anticipated further upward movement. While I managed to secure some profits, a reevaluation of the instrument has led me to conclude that it's wiser to secure these gains and concentrate on a pending short position, as demonstrated in the chart. The downside potential appears significantly more substantial than the...

TechknowLobster Updated 

Here's a little update on USDX. I've been scalping this short with a long bias for a while now; as you can see, we're approaching a major trend line. Of the many possible outcomes, these are the two I'm watching for the most. 1. We move to the upper resistance zone around 105.75, followed by a wick back down into the larger pattern, which would generate...

TechknowLobster

My last charts got moderated. My bad. Here is my newly updated BTC chart from what is already in play. I opened up 2 shorts below in the first rectangle and am looking at adding one more short anywhere around the overthrow area of the upper trendline. Looks like a classic expanding top now which I did not think was going to happen, but I did take into...

TechknowLobster Updated 

I believe we are in clear "overbought" territory. I really hate that term but it does have some merit. I like the 16000 area to the short side. Just recently had a new high, 18k is approaching; lots of reasons for a pullback here. I will start accumulating positions now for the move

TechknowLobster Updated 

While I wait for Bitcoin to reach the $32 area, I've noticed a promising setup for a long position. As I've previously mentioned, a retrace to the $45 area is likely, and it now seems that we'll be moving in that direction soon. This presents a nice risk-reward opportunity with a clear invalidation point on a break and close below the APEX

TechknowLobster

It is important to keep an eye on the significant support level that EURUSD is currently interacting with. This is particularly relevant due to potential correlations and the impact it may have on your other trades. The long-term nature of this chart means that changes may take time. A bounce at this support level is likely, given its nature. While it may...