Dancharles

Dancharles

Okay so today I am only looking at the daily chart of BTCUSD . It is very obvious price is in the choppy faze with a couple failed breakouts before hitting the 45k resistance wall. Bitcoin for me to get interested in buying back in, I will need to see confirmation of 45k being taken out. Of course price just hit 42k resistance and is now pulling back so holding...

Dancharles

In my 3 charts I am breaking down the Nasdaq (NQ) futures. I am looking at the weekly time frame to the left, the daily in the middle and the 4hr to the right. On the left weekly time frame we can see the recent higher low hit along with those nice long lower wicks, this looks like a pretty strong bottom confirmation to me. Also I point out how important the...

Dancharles

Bitcoin and a lot of the cryptos are looking strong today, I like Bitcoin if it can get back above 45k I would be pretty bullish going forward. On the weekly left chart you can see the higher low trendline with the breakout today. 52k is my price where if it get's above that price I am very confident new highs are coming. Above 60k and it is almost a...

Dancharles

Well most of us have seen or heard about the massive move on crude oil, first taking out that 100$ a barrel level and now hitting highs yesterday of 130.50. Let's take a look at the 3 charts, far left is the weekly time frame and we can see the 100 level being taken out last week and the extreme parabolic move crude oil is on. The middle daily time frame shows...

Dancharles

KNC Kyber Network is looking nice right now breaking out. It is getting close to 3.00 resistance but overall is looking pretty strong. The far left chart is the weekly time frame and we can see the move going back to last April and May where it highs of 4.32. The middle daily chart looks pretty nice with the recent pullback and here it is setting up to continue...

Dancharles

Cardano has been very bearish after the highs of 3.00 hit last summer, so let's examine what my steps are for this one to consider it a buying opportunity again. The cryptos have been pretty bearish for a while with a few exceptions but Cardano is really falling off hard lately. The far left chart is the weekly time frame and there we can really see that 3.00...

Dancharles

One of the best moving cryptos lately has been LUNA and I did take a trade after the very clear signal on the middle daily chart on Feb 24th. Before this price was very choppy trying to figure it self out but then the Feb 24 bullish candle breaking above the 60 resistance was a great signal. As usual I will have my 4hr chart on the far right, daily in the middle...

Dancharles

Okay, looking at Bitcoin we have my usual 3 charts I like to start with when I am trying to figure out a potential trade. They are the 4hr chart far right, daily in the middle and weekly on the left. I am more of a short-term trader so that could be hours, days and some times weeks in trades. Bitcoin in the far right 4hr chart I see is very overextended from the...

Dancharles

I am a huge fan of TSLA but when it looks bearish I have to say so even though the fan boys will be mad. I have my usual weekly chart left, daily in the middle and 4 hour on the right. This works best for more swing style trades. On the left weekly time frame we can see the all time high of 1243.49 hit on Nov 4 2021 and then the strong 1200 resistance shown...

Dancharles

I like to use the 3 charts side by side for reliable analysis for swing style trading. Weekly is far left, daily in the middle and 4 hour on the right side. In my last idea I said I thought Bitcoin was bullish but it was getting overextended after the recent strong move and I thought a pullback was coming. In the middle chart (daily) you can see the resistance...

Dancharles

I like Bitcoin reaching the 50k mark soon but before that it will have a pullback. The weekly chart shows the recent higher low holding 32000 support levels. Once price get's above 50k which I see it doing it should set things up for another potential run back up to the highs. Although 50k is a key price level, I see 52k as the more important level to break...