WatsonsView

WatsonsView

I'm setting up a scalp position. Open, but monitored stop-loss. Momentum downward has started to bottom and I may add onto this position over time. One concerning thing is the daily chart's overbought readings.

WatsonsView Updated 

Was almost immediately closed for a 25% profit, took less than 3 minutes. Unbelievable scalp trade. So much luck and a good eye ;)

WatsonsView

We've currently retesting our 2nd level of resistance on the DXY. Is the momentum going to stop before we overtake our previous monthly all time high or has peak inflation really hit? only time, and the charts, will tell! Stay tuned.

WatsonsView Updated 

This is probably the most terrifying crypto environment I've ever seen. Honestly astonished at what's happening right now. Can't even believe people are long on this right now.

WatsonsView

I will be charting and tracking this all week. This is a make or break moment for crypto right now and I'm not bullish.

WatsonsView

This was a quick scalp trade settled in less than 4 hours. Unbelievable volatility in the market right now. Again, I don't believe Bitcoin has the momentum to make it's next move forward, yet..

WatsonsView

There is so much resistance with no momentum. A quadruple top looks like it's forming and the momentum isn't there. I'm expecting a pullback. This trade is in a cross margined trade, backed with extra collateral. Open stop-loss, but I am monitoring it real time.

WatsonsView

Did you know the U.S. Dollar index has an inverse correlation with the Total market cap of cryptocurrency? If you don't use this data point in your arsenal already, you're welcome. This is a great tool to use when gauging the cryptocurrency macro environment.

WatsonsView

I got in too early on this one. Still made something out of it. Momentum seems to be on it's way back up now.

WatsonsView

Momentum has started to pull back from the downside. Still, 35% in under 24 hours is a very nice gain. Cheers! My original Entrance was at 1990 I updated my last chart, but did not notice until my edit period was over.

WatsonsView

I believe momentum is dying out and I am taking a position. I noted why in my Ethereum Trade I will link to this post.

WatsonsView Updated 

We've hit one of Ethereum's major resistance level. I' have opened a cross margined leveraged position, as I believe we'll see a small pullback before our next move upward. My stop loss is open, but I'm monitoring the trade in real time. I now realize Bitcoins 17,000 could have been the bottom. So the crypto market is in a very critical condition right now. Stay...

WatsonsView

One of the most interesting charts I've been looking at this week is the U.S. Dollar Index. This literally, tracks the rate of inflation in the U.S., or as we see it in trading, the strength of the dollar. Sometimes USD being too strong can be bad too. This is called inflation. What we've experienced throughout 2021 and 2022 is a period of hyperinflation. Many...

WatsonsView

Rejection from this level could result to a more extreme momentum shift, downward.

WatsonsView

Reaction rallies in the U.S. Macro Environments have been outlandish, to say the least. There is no reason for Price Action to be acting the way it is and I believe markets will correct soon. This isn't sustainable. So much support right now, the last time we were in this area we saw a Black Swan even tin the markets.

WatsonsView

I've been watching the Correlation of the S&P and Bitcoin. BTC's just another investment now.

WatsonsView

This trade did an incredible 80%. It is based off a support & resistance strategy I've cultivated for intraday use. We are not resting into a major support level so I am exiting my trade.

WatsonsView

This was an intra-week, support & resistance based strategy I developed. Price action has tapped the 200-day Moving Average and I have exited. I made 36% on this trade.