natef1

natef1

- Hello traders! COIN made a massive move today, breaking out of a beautiful Inverse Head & Shoulders pattern. So whats next? - There are significant resistance levels approaching between $267 and $302 (including the Inverse H&S target level) which could potentially make for a good intraday short trade opportunity. - Watch for a quick reversal from these levels...

natef1

Hello traders, Here is an educational post with a potential long setup in Disney. If price retraces to the zone where the 3 factors converge, this would be a high probability trade setup. You have the top of the channel trendline, the H&S neckline as well as a Gap Fill all converging at that exact level. Enjoy and best of luck trading

natef1

Hello Traders, here is an example of how to trade a "WV" pattern which given the right conditions is a high probability trade setup. I'll let the chart speak for itself, however here are some key notes. A "WV" pattern by itself is a strong pattern, however its best to find setups which combine multiple factors. In the example above you have 2 strong factors: 1)...

natef1

Hello Traders, Here is an educational post about the W-V pattern. As of right now the W-V pattern is not fully formed and we are waiting for price to retrace to the neckline at $244 before we enter. The price target is technical resistance at $309, however you could exit half at the double top resistance near $275, then using a trailing stop the rest of the way...

natef1

Hello Traders, Here are the major support levels for TESLA with a potential bottom for 2023 at $65. TESLA is very oversold at the moment and just a hit a key gap fill level at $136 which should act support and potentially a temporary low. If price does bounce from this level we could see as strong rally back up to resistance at $166. Into 2023, if the US goes...

natef1

Hello Traders, here is a long trade idea for NIVIDIA. The market is oversold and overdue for a bounce. Yes, there is the potential that price heads lower but with the DXY approaching resistance there is a strong probability that we will see a bounce in the market this week. NIVIDIA is approaching a key support level at $119, this is an excellent entry for a long...

natef1

Hello traders, here is a quick chart update for the DXY. First, you have to understand that the broader market recently has been trading opposite of the DXY... This means that: - DXY Up = Broader Market Down - DXY Down = Broader Market Up This has been incredibly consistent for nearly the past year so it is an excellent predictor of the stock and crypto...

natef1

Hello Traders, here is my analysis for the SPY. Although this is a quick analysis, it is still an important one. The SPY is approaching the 200 Weekly moving average. - In the past 10 years, each time that we have hit the 200 Weekly MA we have had a bounce, except for the "covid crash" when we temporarily dipped below. - When we factor in the fact that the DXY...

natef1

Hello Traders, Here is my analysis for Bitcoin. Let me start by saying that BTC is in a very precarious position. Heres why... 1) It's just barely above major support at $17.6K - If (most likely when) it breaks, there is no doubt that we will see massive capitulation. Potentially seeing a double digit % move down the day it breaks. 2) The descending trendline...

natef1

Hello Traders, here is my analysis for AMD. - I apologize for the crammed chart, I did the best I could to keep the chart as simple yet detailed as possible. - Onto the analysis... First off, if you're a new trader, this chart is an example of what the planning process for a swing trade could look like. Of course there are many different strategies, but for me...

natef1

Hello Traders, Here is a quick post about the FOMC meeting and prior FED news. I'm partly anticipating for price to test the key resistance level on Tuesday, the day before the FOMC meeting. - My concern is that price did the same thing last week the day prior to the CPI Data being released... Obviously a large sell-off followed. I don't think it's a...

natef1

Hello Traders, Here is a short trade that I am planning to take if the right conditions arise. First off, I'm sharing this setup for educational purposes. Please only take trades that you are comfortable with. Alright, onto the trade setup... This is a trade that I've been eyeing for the past week or so, with Tesla approaching a breakout of the prior range...

natef1

Hello Traders, here is an educational post about BTC. I've heard a lot of people talking about the descending trendline connecting the pivot highs from the November highs. - There seems to be this idea that if BTC were to breakout of this descending trendline, this means that the bear cycle is over and BTC is going to the moon... However thats not necessarily...

natef1

Hello Trader, here is my analysis for the QQQ. This week is a big week with the FED meeting on Wednesday. Pay close attention to price action leading up to that event. - If price comes into a key level the prior day, there is the potential for another large sell-off if institutions don't like what they hear. - It's also possible that we don't see much action...

natef1

Hello Traders, here is my analysis for Tesla. Listed on the chart are the Bullish and Bearish signals that I will be watching for. - At the moment, a trade setup has not formed that I would be interested in, however I am keeping an eye on the price action to see if pattern forms that I can play. Price is either going to breakout and Bulls will take price...

natef1

Hello Traders, here are support and resistance levels for Ethereum. These are the key support and resistance levels. If price breaks support at $1,425, then the next target is support at $1,250. There are 3 potential scenarios that I think are likely to happen, they are labeled on the chart. One key thing to keep an eye on is the ascending trendline, it could...

natef1

Hello Traders, Here is a quick update on BTC Since my post yesterday, BTC broke lower to the Major Support level at $19.5K. If this level fails that will be very Bearish for BTC. If the Bulls can hold and break above this level, then that is a strong signal for the Bulls and they will have temporary control. However, If the Bears can break price below this...

natef1

Hello Traders, here is my analysis for the SPY. Let me start by saying that currently I'm unsure as to what the SPY will do over the coming days... However, given what we've seen recently, I think that there is a relatively high probability that we see a scenario like the one I'm proposing will take place. A scenario where: 1) Smart money takes price lower to...