DZ3572

DZ3572

After a huge move on the AMD weekly breaking out of monthly lower highs, AMD is now setting up for a bearish reversal candlestick on the weekly. We will look for it to be confirmed next week in order to see healthy weeky consolidation and establish a new level of support in the coming weeks - I am looking to fib numbers to establish likely ranges for support to be...

DZ3572

The ADBE rising wedge I have been tracking broke bear yesterday... with bounces along the way I am looking at 230 range for potential targets in the coming weeks/months. I will be looking for a weekly higher low to form compared to 213.25

DZ3572

SPY daily starting to look a lot like it did earlier in the year when we had a rising wedge break bear and form our weekly equilibrium. Now that the weekly broke bullish, I am starting to consider the potential for a monthly equilibrium. While 278 looks visually appealing for a monthly eq, I am still considering the potential that we are nearing the top given the...

DZ3572

Watching ETH 15 min EQ for a break soon - 740 key resistance and double top with yesterday's bounce. Resistance 735, 736 and 740, support 726.96 and 719.96.

DZ3572

RSI and macd starting to show divergences and daily chart showing rising wedge. Starting to scout a bearish position on oil, preferable on a backtest of the 4 hour 20MA, or clear break of the wedge. 4 hour chart already has lost higher lows, but daily chart still looks strong. Stop loss will be a new high that also closes outside the upper wedge.

DZ3572

SPY sitting right on the target for another lower high on the weekly downtrend line.. can the bulls push through and close above the trend? Or do we tighten up more until reaching breaking point. Mid 268's was/is my shorting point with a target of 262-3 (still) and at stop over 271.30 - R/R 2:1 If the EQ tightens more than that, this will be my last play within...

DZ3572 Updated 

BTC hourly starting to look a lot like a falling wedge that is on the verge of breaking bullish - watching anytime now for a break to a higher high of 9138 and then 9200 is the key break to a higher high to let us know the temporary bottom is in - and start looking for a move perhaps towards 9600 or so. R/R if we break out of the wedge is 150 down to 450 up.

DZ3572

XBI maintained it's daily higher low by a small margin on Thursday which provided a great bottom fishing play as SPY hourly was very oversold. Daily downtrend line provided a perfect LABU exit, and now waiting for a break of 88.65 and even more key 89.16 to enter a long swing (if SPY breaks bullish with it), or a break down of 85.06 for a short swing - if SPY...

DZ3572

X marks the spot where I look to short SPY again to remain within the weekly equilibrium around mid 268's, or on weakness. Flip to a long on the break of 271.30 for a swing. Target for short is 262-263.

DZ3572

EOS 4 hour equilibrium setting up nicely for a swing trade. 18.65 bull break, 16.53 bear break. Smack in the middle right now. Bull break will have us looking up towards all time highs - bear break means daily consolidation is not done yet, and we will continue to scout for better bullish entries.

DZ3572

WEED daily chart looking like a bull flag right at downtrend resistance. Holding the daily mbb and hourly higher low today were great signs for the bulls. RSI favors bulls and MACD starting to poke through resistance. Game plan: break 30.70 with higher than average volume will put me in a starter position, with the rest being added on the break of 31.46. Position...

DZ3572

Watching 3 areas as possible support for an hourly higher low for WEED, first is a back test of the daily downtrend line, approximately 29.38 - this would also have an oversold 5 min RSI. Second would be that we hold that 29.55 area, see an equilibrium form on the 15 min and have a solid break to play. Third would be a bottom fish off the low of yesterday at 29.76...

DZ3572

I zoomed in the daily equilibrium to the 4 hour to make it a little clearer. We are looking at an hourly rising wedge that lines up with the downtrend line of the equilibrium pattern and would fit perfectly with a lower high to tighten the range more. I'm cautiously bearish with a price target around 650 for ETH right now, but flexible if the bulls prove...

DZ3572 Updated 

Setting up 3 scenarios for my ETH trade plan 1 - RED - we hold the uptrend, break 700 and 712 and continue to higher highs on the daily 2 - LIGHT BLUE - daily equilibrium looking for a daily higher low above 596 potentially in the 620 range 3 - PURPLE we break the daily higher lows and look for a little more consolidation on the weekly time frame - looking for...

DZ3572 Updated 

Bull scenario - we break 27.50 and 27.83 for hourly higher highs - in which case I would be targeting previous support of 29.55 which lines up amazingly with that downtrend resistance line - likely to scale out partial profits sooner since that's an ambitious target percentage wise. Bear scenario - 27 dollars breaks down and I start to watch for an oversold...

DZ3572

The further we get extended, the worse the drop could be - bulls would like a new healthy support created on the weekly timeframe sooner rather than later. Best case scenario would be sideways with a downward lean for the next week or two to create a weekly bull flag and a solid base for continuation. Bulls could pull back 150 dollars and still be a very healthy...

DZ3572

15 min Equilibrium getting very tight on NEOUSD bitfinex.. break imminent

DZ3572

ETH has a beautiful hourly equilibrium pattern forming. Over 636.51 will be a bull break, under 615 and more convincingly 600 will be a bear break. ETH also has 6 rejections from the hourly 26EMA which will be important to close over in order to see further upside. Always watching big brother BTC for a break of hourly lower highs as well to add fuel for a bull...