We bleed lower on a ripping indices market but I have to execute the trade anyways. Why so aggressive and oversold on a ripping tradfi market. They're diverged and so i think theres opportunity to make a decent trade. Small stop and normal size.
AVAX/BTC looks good and so does the USD pair here. Can limit risk below the range which was flipped. Will probably keep this one open for a few days if it recovers strong. CPI data came in good! But we sold off. After the big drop from current weeks and Asia session chaos, I think we locally bottomed and could see a bounce across tons of ALT/BTC pairs. AVAX is...
XRP looks strong right now; Relative to the market.
XRP looks to be on the verge of breaking out to the upside with a Bump and Run type chart. We have broken out of a bearish trend, retested, and are continuing upward at this moment. There is expected resistance on a monthly time frame around the $0.84 USD level. But I believe it will reach that area rather quickly over. From my experience with XRP it moves...
This is an active Total3 MCap chart, showing marketcap of everything besides BTC & ETH. We have been trending higher for weeks breaking a massive range and quickly moving. We are seeing the first steps of the next Crypto Bull Run & likely the most lucrative of them all. It is prior to the global enabling of these protocols into our daily lives. This is the bull...
October has come to a close bearish on the monthly. On the daily we just covered the Volume Imbalance and may reach into the FVG above, but I believe the down side continues. We have equal lows waiting to be raided below with more air below that. Rates decision will come in tomorrow November 1st, 2023. I wonder if the market will react Hawkish amid war...
XRP looks bullish on the weekly. Last Weekly engulfing previous bearish candle. Crossing over 200EMA after bouncing on the 50EMA. $0.5735 & $0.5968 is not out of the picture, and appears to be a liquidity zone just after the equal highs/buyside of $0.5494 A balanced price range sits from 0.55 to 0.60. With a Consequent Encroachment at $0.5733. I usually treat...
We have two BPRs on the 1H for ES. We are going to fill one of them but I believe filling one of these BPRs will lead to a violent swing to the opposite side. Today we kind of whipsawed off Opening Price and currently the 1H sits above the 200EMA; Giving me bullish confluence... though in these times, it is hard to be bullish with macro economics. If we fill the...
Found this ridiculously clean setup for the NQ100. We have a Balanced Price Range between the two gaps, take the smaller gap, and pull a fib from the top of the gap to the bottom, draw a line across the 0.5. This gives us the Consequent Encroachment, resting at exactly 15140. Now to add into this level we have previous perfect Equal Lows which are near...
Now that I have 2 funded accounts, going to use one for swing trades with around 1-2 lots just cause I'd like to have 1 funded account on a higher TF level. I find Swing Trading 1 account will let me keep my higher TF bias in check or analyzed consistently without choice, and so I am starting it off with this SPX trade. We've had Equal Highs into a previous FVG...
Short on S&P BRICS tomorrow, and chart looks like it was raiding highs with low volume to make bigger moves downward. More details written on chart. Power of 3 weekly is bearish and strong, the daily looks quite bearish, and higher tf confirm my position with market structure and volume. Looking to short this below the weekly opening price. This week looks...
There is a good chance that we sweep 15365 area then break down lower into that gap box on the daily which sits right by the golden pocket on the fib. Michael Bury now short 93% of his port around $1.36B on Indexes. BRICS will be meeting this month in a few days and plans to reveal their new reserve currency plans which could bring destabilization to the...
XRP seems to be forming an inverted Head and Shoulders on the daily. If this breaks out, I expect it to march toward $0.633. RSI is showing "overbought" territory, but markets can move one way longer than many can remain solvent. IMO, dips on XRP are for buying. A reset of RSI or a cooldown of turbo upward price action is for buying. If we flip 0.633 and retest...
Some analysis on the Weekly for BTC. Looks like it's at a premium pricing, it created a FVG and when you break it down to LTF like the 12h, 1D you really see some of the vertical price action into the premiums that just couldn't break 31k Waiting to see this weekly close. Want to see it close toward the weekly high to be bullish or close toward the weekly low...
XRP looks to be forming a cup and handle. Held strong through BTC volatility and has tons of bullish FA with their SEC case. On June 13th, the documents within the SEC will be public and unredacted regarding the speech by Bill Hinman on ETH and warnings on filing a case against Ripple over XRP. The SEC spent majority of the case trying to hide these rather than...
I am long on this sweep that formed a 4H bull div, and pixel tapped the golden pocket. Would like to shave a bit of profit at my $30.5k level, reload some more on one of the higher lows, then hold the position to $32k and possibly reduce, then add again on a higher low before we rip above $32k. If my strategy here fails the next level I will be watching to go...