Tradesetups
BTC to 34,200 - But that’s not the bottom I anticipate Bitcoin to drop a correction sequence - 34,500 level as a first low
From here, we should watch for a major resistance to hold around 43,000 - this indicates a further drop to the 10,000 level
If Bitcoin drops at speed we know why - DXY is seeing a major breakdown and bearish retest. This indicates an extended 1-2 year bull market - prior to which to market has interest in recollecting liquidity at these ultra lows
This is my take on the market and has been for months. I expect this to happen in the short term timespan
USDCHF 1HPrice made an impulse move to the downside forming a market structure shift. I anticipate a pullback the POI to go short.
GOLD 15MINPrice formed a BOS after collecting liquidity and is currently pulling back to the supply zone.
Bollinger Bands, Moving Averages, and Stochastic Oscillator* LIVE TRADING *
This is not a get rich quick scheme, if you have the time to study and practice this video it will give great insight on how price moves. Add the indicators to your chart and see if the 3 main signals create entry points for trades
3 Main Signals:
- Stochastic (settings) 14,3,3 with %K marked as RED and %D marked as GREEN (inversed from default)
- CM_Williams_Vix _Fix
- Bollinger Bands (default settings)
Extremely insightful example of how specific indicators correlate to create a trade setup. What the trade setup looks like and how you can practice it in real time. Time Frame Reference and how they mix. Calling out candlesticks as they populate.
Indicators (all indicators from Trading View indicator library):
- Stochastic (settings) 14,3,3 with %K marked as RED and %D marked as GREEN (inversed from default)
- CM_Williams_Vix _Fix
- Volume
- Bollinger Bands (default settings)
- TEMA - settings 9 EMA purple, 50 EMA yellow, 200 EMA black
- Divergence for many V3
NZDUSD 15MINPrice an impulse move to the upside gave a 15-minute mss. which is most likely going to fill the 4H imbalance.
GBPJPY 30Price made a choch. and is currently pulling back to the supply zone. I anticipate a trend continuation after tapping into the supply zone.
BTC - Short Trade DetailsI suspect a massive short on bitcoin to take place. This is because DXY is showing a bearish breakdown on the monthly - with only a small upwards movement left before anticipated rejection from this bearish retest. This means an extended bull market - and this weekend period utilized to wipe long positions prior to this occurring.
There are two major short entry points I can decipher on the chart. The first is 69,250 - which seems to be keeping price below at the moment.
The second possibility is an initial move up to 69,900 to 71,000 and rejection from this location.
My short targets in white are quite drastic. However again, DXY is showing signs of supporting a very lengthy bull market spanning the next 1-2 years. This to me serves as a justification for these extreme lows to be hit, otherwise I would not be suggesting something so drastic.
This HTF bearish trend line supports targets as low as 8,000 - and it’s entirely possible that we don’t see a low that severe, however it is supported by a chart trend line and as such I will be taking it seriously until proven invalid.
Happy trading.
BONK2 a path to 8200% gains!Please see chart for details. These are the trades we generally share to the group privately.
Solana Long to $135Traders,
Believe it or not Solana has still got more juice in it before a bigger pullback and this inverse head and shoulders pattern is now in play. Target will be 135. SL is around 100 with a 3-1 RRR.
Stewdamus
Long Ape to 2.52Back in APE. About to break that neckline. Beautiful longer trending Cup and Handle. Target 2.52
Going Long POWR - Multiple Targets - 40%+ PPProfit potential on this trade could be up to 40%+ on this trade. I like POWR in this bull triangle nearly ready to exit and launch. I've entered here and will exit 50% of my trade at target one around 35 cents. I will then move my stops up to around 32 cents and let the rest ride in hopes of tagging that final target at 41 cents or so.
This is just the way I am doing it. Not fin advice.
Stewdamus
Going Long Arbitrum to 1.22+Arb had a technically beautiful pull back right to the 50 percent retracement fib level which also happens to be about where that 50 day SMA is pulling up to lend a helping hand in supporting price here. You can also see that we are in a bullish triangle. Could we drop to the bottom side of that triangle before we exit? Yes, absolutely. But the reason I am entering now is because of what our RSI chart is showing. We are fairly close to hitting that ascending TL once again and everytime we do, there is a nice pump that follows. Quite simply, I just don't want to miss it. So, if we do drop to the bottom of the triangle, I'll hold right through expecting more upside movement to come soon.
This is how I am trading it anyways. You do you.
Long Bico to .32 CentsHappy Thanksgiving American Friends. I still do expect a holiday weekend pump though we have not gotten as much of a pullback as I had expected to precede this expected pump. For this reason, I have been picking altcoins to go long on that have either not pumped hard yet or have found good support and still have targets to reach.
One such coin appears to be BICO. Though it did spike upwards and wicked into the target area that I had drawn for this inverse Head and Shoulders pattern several months ago, I expect coins to remain in that target area once reached for at least a few days before dropping or proceeding further. For this reason, I think BICO will move towards this target area yet again.
Additional incentives for entering here include the facts that:
It has found good support on a big area of confluence which include the 200 day sma, the 50 day sma, and the neckline of the inverse h&s
It has also found its support on the RSI which acts both as support and shows us some hidden bullish divergence from origin of the trendline
I have entered BICO at .2572 with a target of .32, a SL of .23 and a r/r ratio of 2.2
None of this should be construed at fin advice. This is all for your entertainment.
Best,
Stewdamus
Going Long LiteCoin to 81Traders,
I like Litecoin here. Especially before the holiday weekend. Litecoin has been a little bit of a laggard here in these most recent altcoin pumps. But I love that its got pretty decent support rn on the underside with that 50 day SMA, 100 day SMA, and previous inverse H&S neckline now all acting as support. Additionally, that RSI is right down where I like to see it. I've entered long at 68.43 with a target of around 81 and a SL of 62.50. R/R ratio is just over 2.
None of this is fin advice of course. All purely for your entertainment.
Stewdamus
SBI to INR 600 again?A 5-wave impulsive rise was spotted in SBIN beginning on 26Oct and ending on 16Nov.The stock moved 8% during this impulse.
The correction that began on 16 Nov was quite steep and swift forcing the stock to give up on 70% of the gains it made during 'wave i' phase.
Now, however after having completed the correction the stock is set to move up again in 'wave iii' phase. The projected length of this wave suggests that the stock could soon be at the INR 600 mark.
As of now the low of 555 is being considered as important reversal point and being considered for 'SL'.
Note*- The views expressed here are absolutely based on personal opinions &observations. Please do your own research before making any trading/investing decisions.
Going in Big on Stellar (XLM) - Target .18-.19 Cents!This one will be a longer-term swing. It may take weeks. It may take months. But the bottom line is that I like almost everything I see about this chart. Let's start all the way at the bottom. In mid-June price was at or near multi-year lows. RSI indicates we were way oversold. We started digging ourselves out of the hole then and haven't really looked back. That trend-line on the RSI is highly significant. Every time we've touched it our price has pumped. Our first touch was at the formation of the triangle bottom in mid-June at .07 cents. From June to July we went from .07 all the way up to almost .19 cents, nearly tripling. Every touch thereafter netted at least 30% from touch to top-out. And just recently, we have touched that sacred magical line once again. I believe this next pump is only beginning.
Now jump on up to the price chart. Feast your eyes on that beautiful ever-present bullish triangle. Isn't that amazing. But it's not just the size of it that I am excited about. Or the precision of touches to the top-side and bottom. Look at all those SMAs (50,100,200 day). Do you see how there all in the same area? And they are all providing us support rn. Additionally, just under all of them, we have a major horizontal TL. This provides us with a massive area of confluence that it become ridiculously hard to bet against.
I'm in at 11.8 cents with a SL comfortably under that last pivot low (9.5 cents to be exact). I will be taking profit along the way but will hold at least 25% of this trade to the final target unless I get stopped out of course. I will be raising my stops a comfortable distance along the way. Right now they are about 18% below my entry and I will draw them closer and closer to current price as we go. With any luck, we should be in the profit fairly soon and eventually so will my stops. Risk reward ration on this is 3/1.
None of this is fin advice of course. Just showing you all how I trade.
Best,
Stewdamus
Buying Ripple HereTraders,
I was stopped out of three trades today but all of them had nice little profits. I'll take that going long in a bear market. Let's continue our win streak.
I've added XRP as a long play to at least that 100-day ma. The red level just above that at 58.5 cents is likely where I'd take 100% off of the table. SL is 49.2 cents for an r/r of up to 4.6.
Technicals here show a break of the neckline on a small inverse H&S pattern with a target at the 100-day. The retest of the neckline is now complete. So, we are good to go here IMO.
Not fin advice. DYOR.
Best,
Stew
Hunting for A Few Altcoin OpportunitiesTraders,
In this video, I am cruising through my altcoin list. These are a few alts that I enjoy trading. We'll look at setup opportunities, technical patterns, and discuss potential entry prices. Hope you enjoy.
Stew
Buying LTC HereTraders,
In addition to breaking out of the triangle, LTC has now formed and broken the neckline of an Inverse Head and Shoulders. The target here takes us straight to the underside of that RED TL (major resistance) and that will be my target.
Entry = 67.67
Target = around 78-80
SL = under 63
R/R = 2.5
Additionally, I have move the stops of ALL my other trades up to capture at least half the profit of each trade. ALL are in the profit now.
Best,
Stew
LIN Entry, Volume, Target, StopEntry: with price at or slightly above 393.68
Volume: with volume greater than 1.47M
Target: 408.78 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 393.68 & target of 408.78, a stop at 386.12 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
