Traders, The 4 hr. shows a bearish ascending triangle. There is a level of resistance I see at 27,800. At some point, I expect us to drop from this triangle. The catalyst for this drop could become our resistance level. If/when we drop, it is possible that we test the 25,200 level yet again. Stew
Traders, For the last year you have heard me preach this blow-off top. So far, we've nailed it. Today, the FED decided to continue the pause. No surprises here and it turned out to be a non-event in the market. The FED knows that they are "this close" to breaking everything. Macro-economically, we are on the brink of disaster both nationally and globally. Many...
Traders, In my last post I stated that BTC must absorb the price of 26,500 for the bulls to come back out and play again. It did. Now, we are running into the 50 day moving avg. which is acting as resistance and should give those of us seeking re-entry into longs a bit of time to make those entry decisions. However, I spotted something sus on the U.S....
Traders, Are we going up? Or are we going down? Sigh. This market is exhausting, I know. And once again we are on the brink of decision time for the U.S. market. The dollar is knocking on the door of overhead resistance, if it breaks then we can expect downward movement both in the U.S. stock market and in crypto. But if resistance holds firm, expect weakness in...
Traders, We have been monitoring the U.S. dollar for years now. It is, by far, one of the most significant variables in monitoring what price action may do elsewhere. Almost everything here in the U.S. hinges upon it and its ripple impact is, without a doubt, global. Crypto most certainly is not excluded. I was early to spot this Head and Shoulders pattern. It...
Traders, Until BTC absorbs the 26,500 price level, another retest of 25,200 is likely and the bears remain in control. If the price of 26,500 is absorbed and exceeded, we can then think about 30-31.6k again. If our support of 25.2k is broken, we can then think about 20k. In between 25.2 and 26.5, we simply remain in limbo with bias slightly bending towards the...
Traders, We are now testing my line in the sand once again, 25,200. Should we close below this level and confirm with at least one more candle, I smell 20k in the cards. If this support holds, then I believe we’ll continue the sideways action between 25.2k and 31.6k through November of this year, maybe longer. A few bullish indicators are in our favor rn: ...
Traders, Admittedly, I am making this trade partially because I am a little bored with this price action in the crypto space lately. But, SAND is oversold and it has been for a few weeks. I expect a pop anytime now. Additionally, you can see we are still in a bullish descending triangle. Now, in a bull market, this would be highly bullish to exit. However, I...
Traders, There is one line that I am especially focused on right now. Many of you, my followers, are already familiar with what this line is. In this video, I discuss the 25,200 level, why it is important, and what happens if this level of support breaks. Stew
Traders, My followers know that during the last price pump by BTC to the 200 day moving avg., I took 50% off ALL trades, altcoins included. I then moved all my stops up to just above breakeven. I have been out of the office since Wed. and came back to notice that some of these stop limits have been triggered. XRP at .50 ETH at $1638 BTC at 26403 LTC at 65 SAND...
Traders, A few posts ago, you will see that (2) two gaps were being focused on. The question was posed about which might be filled first. Many of my followers understand that my bias was to the upside gap being filled first. Thanks to the Blackrock ETF approval, this has occurred. And, as I stated in my video yesterday, I have unloaded 50% of ALL my positions...
Traders, Technical indications have now gone bearish but my portfolio still remains long overall. So, what am I waiting for? And, when will I begin selling? I'll show you in this video. Stew
Traders, Just realized I wasn't able to post the very fortunate trade entry that was made by me during our most recent flash crash a few days ago. I missed this post due to being briefly banned by TradingView for inadvertently violating House Rules. Long story short, I happened to be sitting at my computer that evening and was perusing the charts per the usual...
Traders, Just browsing through the charts this morning and thought I'd throw out a trade opportunity. There are many but Matic looks especially juicy here. Of course, it's always a bit risky before a FED meeting/press conference (i.e.- Jackson Hole) but I am not offering trading advice. I just wanted to show you one of the many opportunities I have spotted this...
Traders, Against my own advice, I purchased APE here. Sometimes, you just have to trust your gut. My gut tells me that APE is due for a pump soon. Look at that hidden bullish divergence on the RSI! Position = APE Direction = long Entry = 1.89 Stop Loss = 1.573 or drop below RSI TL, last one wins Take Profit(s) = 2.873 Risk/Reward = 3/1 Leverage = NONE Profit...
Support on the 200 day. Support on long-trending RSI. I expect a bounce. Cost 1800 SL 1700 Target 2200 This is not financial advice. Just showing you all what I am doing here. Best, Stew
Traders, I haven't yet received complete confirmation that this is the bottom of this pullback, but I have one indicator that has caused me to at least start my DCA here and that is seen on our RSI. We have now touched the top of our downtrend channel for a patented classic retest. Could we drop further? Of course. But that is also why this may just be the...
Another entry here for me in Litecoin. It actually missed my trigger buy at $77.50. But I didn't want to wait anymore. Bought at 77.12. SL is 71.69 for now. Will take profits along the way with an overall target of $106. A little more on why I took this trade. Of course, fundamentally, you all probably know that halving occurred. The market sold the news and now...
