BTC - update, 8h looks as if it could break either way here. Either long off the bottom of triangle or wait for the breakdown and buy at blue box. If it drops and hits the box that's a great buying opportunity I think. Currently ETH looks more of a clear set up so I am already looking for entries so I will not entering btc here.
NAT - Broken downtrend with very high volume, Divergence on macd from last LL's. Above middle bollinger band. Breakout volume biggest ever monthly volume by a mile.
STNG - With oil prices so low and demand reduced due to corona virus there is excess oil needing to be stored so bullish on tankers for next 1-3 years. 2/3 last times it has broken middle bollinger band on the weekly chart it has done 100% moves, the other time 30%. Could be forming a nice curve bottom here. Volume increasing. Needs to get above 50MA and will turn...
ETHUSD wait for HL for entry off fib levels.
Spx500 8h -Bearish possibility - Enter off LH which is also right shoulder. Already hit the 61.8 fib level at last high and rejected. Currently 200MA is acting as resistance. LH on macd, divergence starting. Bullish possibility - Stop loss below last low, market structure says bullish. Strong bounce off the lows.
Noticed pull back between 61.8 and 50 Fibs level looking for continuation of down trend at time of entry small inverted hammer enty on @ 558 (10x) stop @ 557 above 61.8 Fib level 1st TP @ 533 2nd TP@ 511 expecting trade to play out in 3-4 days
I still find Bitcoin to be stuck in a HTF down trend channel leading back from the high mid to late last year. I understand some fundamentals at play with the halving coming up and the Hash ribbons indicator indicating the minors are accumulating again but on a technical stand point of view where we are now just seems like the idea position to trap a lot of retail...
Eos hitting low on the daily, lots of support at this area I'm seeing a big long position, my stop loss is a bit tight..... Lets see what happens???
Failed to make a HH here so far and also a bearish daily candle here, wait for a new HL to form before considering entry. Macd losing momentum as well.
BATBTC Still in an overall bullish downtrend. 4hr consolidation zone, historically after LH forms these zones with a fast bullish movement off the bottom to be rejecter on another LH and fast bearish movement down to create a Lower low. in the middle of zone ATM. possible long from the bottom and short from the top. both stop-loss are clear of previous market structure.
ATOMBTC still in an overall bearish downtrend. At the moment in a 4hour sideways consolidation period. historically box consolidations have entry - 2 top touches and big bearish movement. the missed ideal entry into short, Darvas box entry could play out and a stair down. Low 4hr volume, MACD looks to flip bearish, histogram looking thin, BB narrowing, RSI...
algo in a sideways consolidation period. midway in zone, possible 4% trade to the swing high failure if 1hr trend line is respecter. SL tight under trend.
Have re entered short on AUD, looks like I entered to early last time. DXY looks bullish to me and with election coming trump needs to pump USD so have taken two shorts, NZD and AUD. Have three positions here one being the moon shot which will hold for a couple of weeks slowly dragging stop loss up. I do think there is a possibility NZD and AUD make a new LL on...
Have re entered short after last take profit hit. Have 3 positions with one being a moon shot that I will judge as price action unfolds. One I just added as it looks as to made a new LH but scalp is only a small position. I think it will bounce at around 0.5855 for a pull back then continue down for the next couple of weeks.
EURNOK looking very bullish here, had a massive push up and now falling and found support on the 61.8. On smaller timeframes also had another small push up and found support on that 61.8 fib again. I think a retest of at least 50 or 38 fib levels as marked.
$TNK $STNG $NAT Shipping stocks all looking bullish to me, excess oil being produced every day with consumption down means it all needs to be stored somewhere?
$TNK $STNG $NAT Shipping stocks all looking bullish to me, excess oil being produced every day with consumption down means it all needs to be stored somewhere?