DSltz

DSltz

I have my SL @ the break out of this rising wedge with a ROI of 50%. Some people think we are creating a H&S on the 4H time frame. To me, the only good thing thats happening to this pump is the RSI is cooling off giving us more room for the down side. My TP is at 6K-5.8K still. If we reach 10K and hold, I will rethink my position. If you want to join my telegram...

DSltz

I rarely look at the smaller time frame, I like to swing trade at the 4H however, I'm trying to understand what going on in the front lines. Technical's aren't looking good at the larger time frame however currently, its looking like a possible pump and dump. I'm waiting for confirmation to place a higher short. Short-term, you could go long and have a tight stop...

DSltz

We are currently overbought, We could see a breakout after one more dump and then we will be in the 80% range to break the downward trend line. Usually we break out of the triangle once we past the 80% mark. It would be healthy for BTC to dump one more time before we start the bull market.

DSltz

We could bounce of the MA9 or the trend line (In yellow). I'm looking to buy the following calls: CS calls 15 Jan 2021 $10 @ 1.00 calls 21 Jan 2022 $15 @ .25 Feel free to DM me if you want more plays

DSltz

Descending Triangle on HTZ. I opened a short. HTZ put 16 Oct $1 @ .25

DSltz Updated 

I opened short position: MLNX put 21 JAN 2022 $120 @ .2250 MLNX put 21 Jan 2022 $115 @ .20 Buying power is weak and the price action is going sideways.

DSltz

Oil isn't looking good. Opening a short is High Risk for me due to the RSI being really oversold. Just going to wait it out.

DSltz

BTC could test support trend line (yellow) then test $8K FIB resistance. Or BTC goes straight to $8K w/o testing local support. Currently long until support is broken.

DSltz

Also, MACD crossing towards the upside. Until Oil closes above the downward trend line (Yellow trend line), MACD could be a false signal. Wait until confirmation.

DSltz

Yellow is tread line resistances. I'm remaining neutral for the following week; waiting for confirmation.

DSltz

TP at 0.30

DSltz

Dow Trans looking bearsish. MACD crossed, bearish divergences on the RSI.

DSltz

I use small cap stocks as a leading indicator for SPX. RUT is staying in the descending triangle

DSltz

I believe we are on the tipping point towards this downside. We couldn’t break out of the resistance or previous highs. This will impact the SPX and DOW

DSltz

Possible down side soon?

DSltz

We are creating higher highs but the RSI is creating lower lows. Big RED flag

DSltz

I'm using this as a leading indicator for SPX and SPY. Must see how this week will play out with FEDS on 31 OCT

DSltz

This week or next week we should test that upper down trend of the descending triangle. One thing that i'm noticing is the bearish divergence in the RSI. You can also spot a divergence in the SPX at the high time frames.