4 hr. was forming a bearish flag at resistance (purple TL). The third touch since 2009. And now we flush!
Traders, After two failed breakouts of our long-standing bullish descending wedged (since Nov. 21) , BTC is back down to our super strong support of $18,800. This support has held us up on 5 separate occasions since our June low. It has not broken down below with confirmation on the daily since Dec. 2020. Confirmation equals two daily candle closes...
Position = TRB Entry = 13.87 Stop Loss = 12.63 Final Target = 21.82 Risk/Reward = 7.33/1 Leverage = 5x Profit Potential = +58%
Traders, The fear index is up against resistance. Do we come down now? Data from other sources and charts is telling me we might. Stew
Traders, Since 2009 the dollar has remained under this purple trend line. Today we do battle. This is the moment of truth! A cross above it (unexpected) would be bearish for our U.S. stock markets. If we stay below? I expect good things in the next several months.
Traders, Heads up on this Inverse H&S pattern I spotted on Quant. If it breaks that neckline, we're in for a nice ride up! Stew
Is the S&P500 about to double-bottom? We should find out soon! Like today!
Going long on Ripple here. Potential 45%+ profits to target. Target .48 cents. SL .28. R/R 3/1. Best of luck traders! Stew
Traders, A moment of truth has arrived. The dollar is about to do something it has only done 2 times since 2009. This is critical! Let's take a look at our charts together. Stew
If 100 bps, then break below support & cont. down. If 75 bps, then remain above bottom support. If 75 bps & hints of future pivot, then back into triangle with breakout imminent. If 50 bps, then To The Moon!
Reverse C&H neckline broken. Position = ETH Entry = 1455 Stop Loss = 1537 Final Target = 1037 Risk/Reward = 5/1 Leverage = 5x Profit Potential = +143%
Will the Fed responsibly consider the dis-inflationdata coming in? Or will they continue to try to please the market demands?
Traders, As you know, EuroDollar Futures has been one of the lead indicators regarding Fed rate hike action. As the futures drop, the inverse occurs with the U.S. dollar (DXY). It goes up. Likewise, the Fed tends to respond with a rate hike in accordance with the gravity of the EuroDollar's move down. Yesterday, the drop was huge after the CPI report was...
TBH Traders, Ethereum is not looking good right now from a technical standpoint: #1 - Still haven't reached the target down area from the larger H&S pattern #2 - Trend is still overall downward #3 - Inverse Cup and Handle Pattern now formed We are currently sitting on critical support which is also the neckline of the inverse C&H. If that breaks, target down...
50 bps is now off the table and the market has 75 bps locked in.
Position = EOS Entry = 1.685 Stop Loss = 1.45 Final Target = 2.95 Risk/Reward = 8/1 Leverage = 3x Profit Potential = +240%
Position = YFI Entry = 10131 Stop Loss = 7737 Final Target = 19437 Risk/Reward = 6/1 Leverage = 3x Profit Potential = +150%