WatsonsView

WatsonsView

Joseph Watson, the employees at Joseph Watson’s Trading Strategies Channel & The Current of Currencies Podcast staff are not financial advisors and we do not give financial advice. Any content displayed, read or seen on these networks are for educational purposes only. Trading is risky and you should consult with a financial advisor before making any financial...

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My Ethereum and Bitcoin trades are still active. Ripple took a huge jump over night and my stop loss was hit. Now would actually be the correct time to enter a short position.

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We're at a heavy resistance level for the market cap, we'll definitely see a pullback soon.

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I believe we're going to see our next move down from here. Momentum is low and we're in a massively overbought region. This will be an intraday strategy.

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I believe we're going to see our next move down from here. Momentum is low and we're in a massively overbought region. This will be an intraday strategy.

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I believe we're going to see our next move down from here. Momentum is low and we're in a massively overbought region. This will be an intraday strategy.

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Closing this out due to my time restriction for the trade running out. Made 10%.

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The action I expected didn't happen in my time window. I believe we'll see a move down now. Nothing gained, nothing lost.

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I closed my trade for a 30% profit. Momentum is slowing and a double top may be forming right now to take another move down. Still a great trade though! I was in this trade for less than 24 hours.

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This is an intraday strategy. I believe momentum down is starting to bottom for the time being and we will see a move upward before our next move down. I may scalp trade this, but I do see potential for upward momentum from this point.

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This is an intraday strategy. I believe momentum down is starting to bottom for the time being and we will see a move upward before our next move down. I may scalp trade this, but I do see potential for upward momentum from this point.

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This is an intraday strategy. Downward momentum is bottoming out and I believe we'll see one more move upward before we see a crash. We have the potential to retest the Fibonacci region I have drawn on my chart. I intend to settle this trade as soon as possible. For those of you asking for price targets and stop losses, I do not provide those on this app.

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Concerning the piece I just wrote, here is what I think will happen to Bitcoin over the next month. I'll do an in depth analysis in one week for August's Bitcoin prediction.

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Since the beginning of 2022 we've seen one of the most heinous drops the cryptocurrency space has seen in many years, but this is normal right? 82% average drops before bear cycles end is a normal in our field. To the trained and weathered HODL'r, this isn't anything new and should be expected at this point. Something to note here is that we have not seen 82% yet....

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I know the technicals are somewhat against me here and maybe this is a more fundamental sided trade for me, but I may add onto my position on Monday. We'll see what market open looks like, but the news on the global supply chain front and geopolitically is bearish. We closed on a downturn on Friday and I believe this will be a great opportunity for SQQQ to make a...

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I see Bitcoin finding solid support as the weekend has gone on and I expect another move up. I'm considering setting up 2-4 positions on different coins. More to come soon...

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This will be the first edition of a series I'm going to be writing about different currencies and how they are correlated to one another, in good and bad ways. Cryptocurrencies are the fastest growing asset class on the face of the Earth. To prove this let's look at some other assets compared to Bitcoin. These metrics are from mid-late 2021, they aren't perfect,...

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As I expected the price action fell into my accumulation zone and I have opened a position. I may continue to add onto this. I am not a financial advisor and this is not financial advice. This is for paper trading or simulated trading practices only. Trading is risky and you should consult with a financial advisor before taking any financial risk. Any risk taken...