Here is my Week 4 Crypto Strategy, now with a few tokens on watch. Holding: BTCUSD for a dead cat bounce to the 200dEMA LTCUSD for the same MANA for a possible breakout of the wedge On Watch: ADAUSD for a potential H&S MATIC for a breakout Harmony for a breakout CELR for its resilience at this level. SAND I might cheat in a bit here at this...
I use sector ETFs in my IRA account. Currently, I hold XOP and XLF, and I wish I held XLE. I will try to buy XLP (Which shouldn't be a problem) next week. For Week 4, I'm expecting XLF to firm up and XOP to come in a bit. XLE would be kind to give me an entry point at prior resistance/ support, but we'll see. Oil looks darn strong at the moment. XLF...
For Week 4 I am expecting positive movement in the S&P 500, with not all sectors participating. I expect tech to have a dead cat bounce, maybe early in the week, especially when viewed on the equal weight QQQ. I believe it will be a bull trap before moving lower. The most bullish market, and that is used loosely, is the IWM. It looks like it could be forming...
My levels of interest for the week on varying timeframes. May or may not be useful to somebody else.
GBPUSD moves as expected to week 3's analysis. The pair rise for the whole of week 4 and long traders get rewarded massively with the 200 over pips movement. The whole week should see no surprise for long traders and our analysis has been pointing towards to long movement for week 4. GBPUSD is expected to consolidate for a while in week 5, and bull to regain the...
In week 3, we expected the bear to tapered down and bull to regain a foothold for week 4. However, EURUSD makes another push below the level 3 bearish zone and reached a level 4 bearish zone in week 4. While that was unexpected, since we are looking at a reversal at level 3, such move does happen. EURUSD only went back to our outlook during Friday of week 4. A...
USDJPY sees quite a boring week, consolidating for the whole week with a strong bear move on Friday. The move on friday completed the reversal double top pattern, it can also be seen as a triple top if you like to. It shows the exhaustion of the bullish move, which we expected in week 4. For anyone who long USDJPY, profit should be firm. With week 4's movement,...
USDCHF made a long consolidation in week 4, pushing up another zone to bullish level 4. At level 4, we see a reversal double top pattern and finally, after a long wait, it started its bearish move and successfully moved to bearish level 1 zone in week 4, on Friday, before the market closes. I have been anticipating the short move and even entered short position...
USDCHF made a fake move in week 3, showing a double top look alike price pattern in the first half of the week. I personally entered long for this pair, which I profited from the move. It went on to push higher persistently, all the way to 3 identified bullish zone. It ended off the week with a seemingly double top. It's almost 75% complete, we just need the...
GBPUSD, an interesting pair which exhibited a situation I known as a trend reset. In week 3, our analysis showed that GBPUSD would be heading for a drop, which it did, for the first half of the week. I was holding on to my short and eventually, the dip earned me about 14% increase on my overall equity. The unexpected bullish move came after the dip, it went all...
EURUSD made a good drop in the whole week of week 3. Congrats to all traders who shorted this pair, its a good trade with very little consolidation in between and the movement is kind of expected as well. For week 3, I did not participate in the movement, even though our analysis in week 2 favored shorting for week 3. Looking at our week 3 analysis, it seems...
No surprises here on USDJPY's week 3 movement. It has gone up steadily, almost on a predictable basis, which is the kind of trade professional traders are looking for. The name of these kinds of trades might be known as boring, but it is the best, as it gives traders what they are looking for - Profit. USDJPY successfully broke the previous high in week 3, I am...