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If fear continues to dump, it might be lights out for the bears!Traders, Everything is playing out exactly as anticipated. U.S. Dollar topped. S&P500 looks to be double-bottoming. Bitcoin has broken to the top side of a year-long bullish descending wedge. And fear continues to dump. If all these charts continue to work in correlation together, it might be indicating "lights out" for those bears. Watch these things closely or follow me as I keep you all up to date on the progress on all. Best, Stew
TVC:VIX
by stewdamus
1
DXY looks so bearishThe DXY chart looks in lower timeframe very bearish. That might cause a short squeeze. Yesterday at powells speech he said bad things about crypto: he said that he wants to regulate the cryptomarket, but not ban it. In general that are bad news for crypto fans. In crypto there were a hype rally of retail traders, that might think: wow regulations but no ban how cool is that. In my opinion all the retail trader will be dead by the end of tomorrow. I think crypto whales will liquidate their positions and dxy will go up, because there is no other competitor at the moment. That is what makes me bullish on dxy, thank you for shorting dxy.
TVC:DXYLong
by Applecoconut
Here's the predominant pattern to draw on your alt charts!Traders, I am taking my time in this video. We'll do some analysis firstly, as always. And then I'll show you the predominant pattern I am looking to spot on the altcoin charts. I'll show you how to spot it and draw it so that you can do this yourself on your charts and catch those breakouts. -Stew P.S.-Since this was my first stream I made it private, thinking I could change the settings and title after I save the video, but this wasn't an option. Here's the video: www.tradingview.com ⛓️ 🔗 Useful Links 🔗 ⛓️ The List of Possible Next Trades I am Watching: www.tradingview.com
COINBASE:SOLUSD
by stewdamus
2
Minutes after this morning's video Jasmy pumped. Now the TargetsTraders, Minutes after I release my video update this morning Jasmy pumped. Currently, it is up over 17%. So now, we need to start thinking about where we should sell. I see several good fairly conservative targets in site: 1. The 50 day ma at .0252 2. A level of resistance at .031 3. The 100 day ma at .034 Could it go higher? Sure. Of course. But at this point, higher targets on this trade are much less likely and therefore, I will probably be almost completely out at the 100 day ma on this trade and close out. I will look for a new opportunity/setup thereafter. Best to you all! -Stewdam.us
COINBASE:JASMYUSDLong
by stewdamus
1
Luna Wluna has hit the buy range several times. Did you buy?Traders, Of course, much of the crypto market awaits further price action trend from our leader, Mr. Bitcoin. Currently (and for the past 4 days), Bitcoin has been unable to break support at 40,800. All eyes are focused on this very important level. But if you are game for trading long in this tepid environment, they Luna (WLUNA) seems to be one of the strongest alts in the bunch. That being said, here are the levels and targets I would shoot for on this one. -Stew
WLong
by stewdamus