$VMW insiders know how to execute trades perfectly1. $VMW formed daily strong reversal candle.
2. Insiders sold on resistance knowing something.
3. Rising bearish channel broken.
4. Tonight thousands will study $VMW chart and selling will happen from the start tomorrow.
Breakdown
BTC lookin shakyHolding support for now squeezing under the box of resistance(red). I've outlined the CME gap thats possibly building up to get filled which also coincides with a fib level taken from the bottom of the bear market to the top of the bull market. Not guaranteed to fill but we all know about the gaps. A break of the upward sloping support(10307) could see us retesting the previous support @ 9620 further than that the Gap.... I feel its worth mentioning that there is also a gap in my red box off the side thats above us. Good luck traders!
approaching the neckline of a big 1hr head and shoulders patternNormally I'd list an idea like this as neutral until I saw confirmation of a breakdown below the neckline. However in this situation after such a parabolic rise plus what seems to have also been a blow off top and the fact that we have gaps as low as 8.5k on the futures contract that still need filled, I think probability favors a breakdown here. Not only that, I think as BTC dips many altcoins are going to rise in value against btc. I also think we will likely find our ultimate support around the red horizontal at 8504 or so and not reach the full breakdown target before we reach our massive rebound. The good news is, we wont hit a lower low on the daily chart until we dip below the horizontal purple line on my chart, so as long as we don't go under 6k the bull run should continue after this correction. I will b waiting for confirmation on the neckline to sell any more of my position but I will limit sell back around 8550 if it does indeed plummet and no wait for the full drop target. If it does dip the entire way I may then just buy the dip. There is of course still a chance we wont break back under 10k but the probability is small...even still because of that I will await breakdown confirmation of the h&s before selling any of my position.
inverted c&h w/impossible breakdown target signals xrpbtc bottomthis pattern here is why I believe xrpbtc will no longer close any further candles under this current price point. We are in an inverted cup and handle pattern with a downward slant but the breakdown target is negative satoshis which I think is an impossibility. Therefore probability highly highly favors this being the bottom. last time we had a head and shoulder pattern with an impossible negative breakdown target on the xrpusd, it made for an obvious fakeout and instead of a breakdown it had a pump. All this considered, Load Up!!
4hr h&s could trigger but could still be a bear trap.4 hr h&s in play on btcusd. if it validates we will drop to the double reinforced support of the 4hr 200ma and the 7427 horizontal support. Even if this happens there's still plenty of ime left i the new candle for it to still be a bear trap / fakeout....act accordingly set smart limit sells and limit buys based on these zones...is what I would do myself *not financial advice*
BBD.B false break of support $2.00 Trapping Go Long $1.75Gap up Monday Morning,
A test of Resistance $2.15
A bounce off and back down to test Support $2.00
Support fails and signals continued down trend
Downtrend also fails and traps those who short at break of support.
Price heads long @ $1.75 Start of long term uptrend Monthly Chart time frame Entry on the D1 chart.
$TLRY - Descending Triangle BreakdownWill $TLRY find support at 50% of the height of the descending triangle breakdown?
This looks a lot like $BTC's descending triangle breakdown to the lower $3000, just not as violent and sudden. Really just depends on how far the SPX drops, but I think $30.47 - 34.51 is a reasonable level to find some support. Any thoughts?
Shorting XRP on RetestMarket Structure Breaking Down.
XRP climbing into Resistance.
Bearish Trend in tact.
SPY Support at 280.00, continuation of selloff if broken SPY at another inflection point. Possible short-term long setup for a gap full bounce. We will see if it can break 2800 support this week back into the box of death. It will be interesting to see if this break will cause a total meltdown, or create a similar pattern like Nov. 2018.