nrhayes91

nrhayes91 Apr 20, 2020

Oil has taken a massive hit over the last few years. As industry is pushed towards more energy efficient solutions, oil has been steadily produced in the background. The supply/demand mismatch initially creates burden on the producers, who have to store excess oil and deal with price volatility. Now, in a world nearly shutdown from COVID-19, demand for oil is at...

nrhayes91 Apr 16, 2020

BTC has broken out of it's low volatility down channel with high buy volume. You can see a bull pennant printing with likely continuation to $7400-7500. $7500 has been a supply zone for BTC in the recent pass with multiple failed attempts at breaking resistance. I will be watching the 7.5k area closely and adjusting my strategy based on BTC's reaction to the...

nrhayes91 Apr 2, 2020

I've highlighted our Supply/Demand ranges and you can see that BTC is attempting to break out of it's upward channel into Supplyland. 8k is a reasonable target as RSI has room to grow on 4H and 8k is a retest of the previous trading zone. The sentiment is currently bearish so you can expect some shorts to be squeezed here as traders contemplate if this is the...

nrhayes91 Updated  Mar 19, 2020

As you can see, BTC has printed a bear pennant. RSI is trending up without significant divergence. Look to trade the breakout here. Buy on green, short on red. Good luck.

nrhayes91 Updated  Mar 19, 2020

As you can see, TSLA has broken out of a falling wedge - just above it's longer term support zone. Despite heavy indications of a recession, the NASDAQ is significantly oversold and is due for a temporary bounce. We may see a retest of the falling wedge prior to any upwards movement. I will keep a trailing stop to minimize losses as I do expect the market to...

nrhayes91 Feb 27, 2020

As you can see, BTC has completed a 0.5 fib retrace from ~10500 to ~8500. BTC is currently fighting with the D200MA which should act as some support. (Orange line) If we close below 200, the 128D is waiting to support at 8398. BTC is also resting on the lower trend line marked from the beginning of this bull cycle in Dec 2019. You can also see a fair amount...

nrhayes91 Feb 12, 2020

Bitcoin has blown away major resistances to this point. After the breakout from the falling wedge in January, Bitcoin's climb has been supported with volume and hype. As you can see on this chart, there is bearish divergence forming on the 4H. The 2 prior bearish divergences on this run-up have both resulted in moderate correction of the previous impulse...

nrhayes91 Updated  Jan 26, 2020

BTC has broken out from it's falling wedge that has been in place since Jan 18th. You can see support has been found on the 4H 128MA. Next target will be the 200DMA which will likely show strong resistance near the ~8929 level. A breakout above the 200DMA will be very bullish and a move for BTC towards chasing it's ATH. A breakdown from the 200DMA will be VERY...

nrhayes91 Updated  Jan 14, 2020

Looking for short term blow-off with 0.5 fib correction back to 8451. You can see the 0.5 fib has been the correction bottom from the last two pumps. Minor degree of bearish divergence seen on RSI as well. Good luck

nrhayes91 Dec 16, 2019

XTZ has corrected exactly to the point of my previous call. Lucky for us, XTZ seemes to have a thing for Fibonacci. As you can see, $1.59 (0.236fib) has been touched 6 times in the last couple weeks. The first three times showed powerful resistance, but on Dec 19th, XTZ was able to break through and peak at $1.85. During XTZ's cool-off, it has found mild/weak...

nrhayes91 Dec 14, 2019

XTZ has been an outstanding performer in Nov and early December showing relentlessness in this currently stagnant crypto market. However, clearly seen in this chart, a large degree of bearish divergence is printing which signifies a temporary top and a potential downside cool-off period. With these small cryptocurrencies, there is certainly a chance that the...

nrhayes91 Nov 27, 2019

Looks like BTC is attempting a reversal after it's last leg down. You can see an inverse head and shoulder pattern printing on the 4 hour chart. RSI showing some strength again. Enter 7400 Target = 8165 Stop at 7050

nrhayes91 Updated  Nov 12, 2019

BTC has broken down and formed a perfect touch of the 0.618 fib at 8600. Bullish divergence present on the 4H RSI. Look for a retest of the current bear channel's top trend line at ~9700. BTC must break out of downtrend and sustain > 10k for bullish continuation.

nrhayes91 Oct 1, 2019

Hi all - As you can see BTC has completed it's temporary double bottom at 7720 and broken out above it's resistance. Further more we have a pending successful retest of the neckline. Measuring the height of the two bottoms to the neckline gives us a couple target price points. This opens the door for a retrace back to 8700 (Target 1) ... and 9300-9400 (Target...

nrhayes91 Sep 27, 2019

Here is what I consider to be a fractal that cannot be ignored. Big picture - RSI has further to drop so look for support near 7300-7400 (0.618 fib retrace). Will history play out again for the queen?

nrhayes91 Updated  Sep 25, 2019

Bitcoin is showing tight constriction within daily Bollinger Bands. The last time Bitcoin was this constricted was in May and when the bands released, BTC soared 40% from 5100 to 8700. I recommend being patient and trading the breakout. Short - look for support on 200SMA 8100-8600. Longs look for resistance at 13.9k, 15-16k.

nrhayes91 Aug 15, 2019

Why is 8k BTC a good thing? Look at the chart. Looking at this chart you can see BTC challenged the daily 128MA multiple times on it's previous run up in 2017 (Green line). During BTC's marvelous run to 20k, BTC touched down at least 4 times. January 2017 - 0.618 retrace with strong support from D128MA. March-April 2017 - 0.786 retrace twice finding catapult...

nrhayes91 Aug 6, 2019

Hi all, as you can see BTC has rallied within the previous week to retest the top of it's current downward channel (Blue lines). I've presented here 3 different potential outcomes for BTC. 1) BTC rejects from the top blue trend line and continues in it's current downward channel targeting $7900-8000 at the bottom of the channel. 2) BTC rejects from the top blue...